Corporate Reporting

Sustainability and Corporate Reporting

What is Sims Metal Management's commitment to sustainability?

Sims Metal Management started sustainability reporting in 2006 and remains strongly committed to reporting on a number of key environmental, OH&S and community areas. These, together with reporting on fiscal and corporate governance parameters, form the basis of our response to the benchmark guidelines (G3) as set out in the Global Reporting Initiative (GRI).

What is the GRI?

The Global Reporting Initiative (GRI) is a large multi-stakeholder network of thousands of sustainability experts worldwide. The GRI produces the G3 Guidelines which are the cornerstone of the GRI Sustainability Reporting Framework. These Guidelines outline core content for reporting and are relevant to all organisations regardless of size, sector or location. They are the foundation upon which all other GRI reporting guidance is based. The G3 Guidelines outline a disclosure framework that organisations can voluntarily, flexibly, and incrementally adopt. The flexibility of the G3 format allows organisations to plot a path for continual improvement of their sustainability reporting practices.

What corporate reporting does Sims Metal Management undertake?

 To view our report for the Australian EEO Act, please follow this link: Fiscal 2009 EEO Public Report.pdf

The Company participated for the fourth consecutive year, in the Carbon Disclosure Project (CDP7). The CDP is an independent not-for-profit organisation which holds the largest database of corporate climate change information in the world. The data is obtained from responses to CDP’s annual information requests, issued on behalf of institutional investors, purchasing organisations and government bodies. Since its formation in 2000, CDP has become the gold standard for carbon disclosure methodology and process, providing primary climate change data to the global market place. Further details are available from the CDP website (/www.cdproject.net). Click here to view an abbreviated version of the Company’s submission is available on its website.

Sims Metal Management also participated, for the second time in the Dow Jones Sustainability Index, following our pleasing assessment last year, where we topped 53% of our assessment categories and exceeded the waste industry average in more than 75% of them. While Sims Metal Management scored comparatively well in most categories this year again, we did not make it into the index as a result of a significant increase in global participation.

Despite its participation in previous years, the Company did not, because of changes to some of the FTSE4Good assessment criteria, participate in this index this year. However, the Company intends to participate again in the coming year. We also co-operated closely with a number of external assessment and environmental research organisations, such as TruCost and Vigeo, who nominated us as the leading performer in our sector.

Most pleasing was the selection of Sims Metal Management as one of the “Global 100 Most Sustainable Corporations” at the 2009 World Economic Forum in Davos, Switzerland.