Sims Limited Receives HRH The Prince of Wales' Terra Carta Seal in Recognition of Commitment to Creating a Sustainable Future

Rhea-AI Summary

Sims Limited has been awarded the Terra Carta Seal, recognizing its commitment to sustainability and innovation in the circular economy. This inaugural award honors companies aligned with the Terra Carta, a plan aimed at fostering sustainable markets launched in January 2021. With over 100 years in metal recycling, Sims Limited's efforts divert significant waste from landfills. CEO Alistair Field emphasized the company's focus on solutions that minimize waste and maximize value. The Terra Carta initiative, supported by global leaders, aims for net-zero emissions by 2050.

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• Awarded the Terra Carta Seal for sustainability efforts.
• Recognized as a leader in the circular economy over 100 years.
• Alignment with the Terra Carta's goals reflects strong corporate responsibility.

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• None.

NEW YORK, Nov. 3, 2021 /PRNewswire/ -- Sims Limited, a global leader in metal recycling and data center IT circularity, and an emerging leader in municipal recycling and renewable energy, has been awarded the Terra Carta Seal.

The inaugural 2021 Terra Carta Seal recognizes global companies that are driving innovation and demonstrating their commitment to, and momentum toward, the creation of genuinely sustainable markets. It is being awarded to companies whose ambitions are aligned with those of the Terra Carta, a recovery plan for nature, people and planet, which was launched in January 2021.

For more than 100 years, Sims Limited has been at the center of the circular economy because its portfolio of businesses – Sims Lifecycle Services, Sims Metal, Sims Municipal Recycling and Sims Resource Renewal – divert millions of tons of secondary materials from landfill and keep resources in use for as long as possible.

The work of the business not only helps Sims Limited fulfill its own sustainability goals, but also allows the company to generate maximum value and minimize waste. 

"The Terra Carta Seal recognizes those organizations which have made a serious commitment to a future that is much more sustainable, and puts nature, people and the planet at the heart of the economy, His Royal Highness The Prince of Wales said. "We all need to make changes if we are to preserve the planet for our children and grandchildren and these businesses have pledged to make it easier for us all to do so."

The Terra Carta Seal acknowledges that each industry faces unique challenges in its transition to a sustainable future and they are all at different stages of their journey. Here, all industries and all companies must be supported as they take steps in a more positive direction. At the same time, an accelerated pace is required if we are to achieve a 1.5-degree target, restore biodiversity and benefit the lives and livelihoods of current and future generations.

The Terra Carta Seal has been awarded to companies who hold a leadership position within their industry and who have credible transition roadmaps underpinned by globally recognized, scientific metrics for achieving net zero by 2050 or earlier.

"We are extremely honored to be awarded the Terra Carta Seal, because our purpose – create a world without waste to preserve our planet – like that of the Terra Carta – to reunite nature, people, and the planet – is steeped in sustainability," said Alistair Field, chief executive officer and managing director of Sims Limited. "Given our role in the circular economy, the businesses of Sims Limited are in a great position to continue innovating and offering new solutions for consumers, businesses, governments and communities around the world."

Working closely with HRH The Prince of Wales, Sir Jony Ive and his creative team at LoveFrom have created a physical and animated seal engineered with paper that is both simple and beautifully crafted. The design combines a host of natural references including oak leaves, fern, magnolia and honey bees and intricate patterns both in nature and in the arts, creating a visual celebration which reflects the power of and reverence for nature that is at the heart of the Terra Carta.

"With respect for both the historic resonance of the Terra Carta and for the environment, we have used modest, natural materials and celebrated craftsmanship with a delicate, illustrated design," said Sir Jony Ive. "This feels a sensitive and sincere commemoration for those who have committed to the aims of the Terra Carta, and we are so very grateful to be able to contribute to such an important and impactful initiative."

Sims Limited is constantly reviewing its sustainability goals – partner for change, operate responsibly, and close the loop – and those of the companies they do business with to ensure that they are living their purpose. These actions afford the company with the opportunity to mitigate its own risks, amplify its global impact, and support a sustainable future for all.  

About the Terra Carta Seal
The 2021 inaugural Terra Carta Seal recognizes global corporations that are demonstrating their commitment to, and momentum towards, the creation of genuinely sustainable markets. It is being awarded to firms who have aligned themselves with the Terra Carta, who are driving innovation and leadership within their industry and who have credible transition roadmaps underpinned by globally recognized, scientific metrics for achieving net zero by 2050 or sooner.

The SMI has partnered with Corporate Knights for this initiative. Corporate Knights' Global 100 Most Sustainable Corporations Companies were invited to apply for the inaugural Terra Carta Seal together with active Task Force members of the SMI as of January 1, 2021.

The Terra Carta Seal will be awarded annually to companies who are demonstrating their commitment to, and momentum towards, the creation of genuinely sustainable markets and care for Nature, People and Planet.

About the Sustainable Markets Initiative
His Royal Highness, The Prince of Wales, launched the Sustainable Markets Initiative (SMI) at Davos in January 2020. The SMI is a network of global CEOs and private sector corporations working together to build prosperous and sustainable economies that generate long-term value through the balanced integration of natural, social, human and financial capital.
The SMI facilitates the development of responsible transition pathways at industry and business levels to decarbonize and achieve net-zero, create a Nature-positive future and support a trust transition towards a sustainable future.

HRH is appealing to public, private and philanthropic leaders around the world to join this endeavor as part of the 'Coalition of the Willing'. Read more: www.sustainable-markets.org.  

About the Terra Carta
Launched by His Royal Highness at the One Planet Summit in January 2021, the Terra Carta provides a practical roadmap for acceleration towards an ambitious and sustainable future; one that will harness the power of Nature combined with the transformative power, innovation and resources of the private sector. The Terra Carta serves as the mandate for the Sustainable Markets Initiative. Currently there are over 400 named supporters of the Terra Carta – listed on the SMI website.

About LoveFrom and Sir Jony Ive:
LoveFrom is a creative collective of designers, architects, musicians, filmmakers, writers, engineers and artists with studios in London and San Francisco, California. Sir Jony Ive KBE is a designer. Formerly the Chief Design Officer at Apple, he holds more than 12,500 patents worldwide, uniquely spanning user interface and hardware design. He is the Chancellor of the Royal College of Art.

For the Terra Carta Seal, LoveFrom worked with celebrated illustrator Peter Horridge, master printers and paper engineers Imprimerie du Marais and handmade paper specialists The Paper Foundation, founded by James Cropper. Los Angeles-based Method Studios created an animated version of the Terra Carta Seal.

About Sims Limited 
Founded in 1917, Sims Limited is a global leader in metal recycling and electronics recovery, and an emerging leader in the municipal recycling and the renewable energy industries. Our 3,880 employees operate from more than 260 facilities across 15 countries. The Company's ordinary shares are listed on the Australian Securities Exchange (ASX: SGM) and its American Depositary Shares are quoted on the Over-the-Counter market in the United States (USOTC: SMSMY). Our purpose, create a world without waste to preserve our planet, is what drives us to constantly innovate and offer new solutions in the circular economy for consumers, businesses, governments and communities around the world. For more information, visit www.simsltd.com. 

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SOURCE Sims Limited

FAQ

What is the Terra Carta Seal awarded to Sims Limited?

The Terra Carta Seal awarded to Sims Limited recognizes its commitment to sustainability and the circular economy, aligning with the Terra Carta's goals.

When was the Terra Carta launched?

The Terra Carta was launched in January 2021.

What is Sims Limited's focus in sustainability?

Sims Limited focuses on creating a world without waste through recycling and sustainable practices in metal and electronic recovery.

Who presented the Terra Carta Seal to Sims Limited?

The Terra Carta Seal was presented by His Royal Highness The Prince of Wales.

What does the Terra Carta initiative aim for?

The Terra Carta initiative aims for net-zero emissions by 2050 and promotes sustainable market creation.