SIMS LTD SP/ADR - SMSMY STOCK NEWS

Leading industry players Sims Lifecycle Services (SLS) and MOLG have announced a collaboration to enhance opportunities for automation in the reverse data center supply chain. The partnership aims to automate the repurposing of OCP data center materials, contributing to clients' sustainability goals. This alliance will leverage the complementary strengths of both companies to accelerate innovation, improve operational efficiency, and expand market reach. Both SLS and MOLG are committed to excellence and delivering top-tier products/services that set industry benchmarks for quality and performance.

Sims Limited (ASX: SGM) has been recognized as the most sustainable corporation on Corporate Knights’ Global 100 index for 2024. This is the company’s tenth inclusion on the list. Sims Limited's CEO, Stephen Mikkelsen, expressed pride in the recognition and emphasized the company's commitment to sustainability and its role in building a greener future through the supply of circular metals and materials. The company recycled approximately 8 million tonnes of proprietary ferrous and non-ferrous metals in the 2023 fiscal year, contributing to global decarbonization efforts.

Sims Limited (ASX:SGM) appoints Warrick Ranson as group chief financial officer, effective 4 December 2023, emphasizing sustainability and circular economy leadership.

Sims Limited announces its fiscal year 2023 Sustainability Reporting Suite, showcasing strong performance in sustainability goals and achievements.

Sims Limited (ASX: SGM) has been recognized as the 14th most sustainable company globally in the 2023 Global 100 List by Corporate Knights, marking its ninth inclusion. The company emphasized its commitment to sustainability by accelerating its carbon neutrality target by 12 years. Notable achievements include a 21% reduction in carbon emissions from FY20 and the establishment of a Sims Resource Renewal demonstration site. The ranking reflects a rigorous assessment of 6,720 companies with revenues exceeding $1 billion, evaluating key environmental, social, and governance indicators.

Sims Limited (ASX: SGM) announced the retirement of Heather Ridout AO from its Board of Directors in 2023. Ridout, who joined the board in September 2011 and served as chairperson of the Remuneration Committee, played a pivotal role in guiding the company through a challenging growth strategy. Geoffrey Brunsdon, the Board's chairman, praised her contributions over 11 years. Ridout is transitioning to serve as Australia's Consul-General in New York, with her retirement date yet to be determined. Sims Limited is committed to sustainability and operates globally, with a purpose of creating a world without waste.

Sims Limited (SMSMY) has sold 8.2 acres of land in Newark, New Jersey, for $31.5 million. The company will receive 85% of the proceeds by December 2022, with the remainder before June 30, 2023. This sale is part of Sims' strategy to divest unproductive or non-core assets and reinvest the proceeds into core growth opportunities. Previous asset sales, like the 50.5% stake in Sims Municipal Recycling, demonstrate this approach. The firm aims for a minimum internal rate of return of 15% on these investments.