Welcome to our dedicated page for Sims news (Ticker: SMSMY), a resource for investors and traders seeking the latest updates and insights on Sims stock.
Sims Ltd (SMSMY) provides comprehensive lifecycle solutions for sustainable asset recovery and electronics recycling. This page aggregates official announcements and verified news about the company's operational milestones, financial performance, and environmental initiatives.
Investors and industry stakeholders will find timely updates on earnings reports, strategic partnerships, and advancements in e-waste processing technologies. Our curated collection includes press releases related to metal recycling innovations, secure IT asset disposition services, and compliance with global sustainability standards.
Regularly updated content covers essential developments while maintaining factual accuracy and regulatory compliance. Visitors can track the company's progress in enabling circular economy practices through its integrated recycling networks and data-secure disposal methods.
Bookmark this page for direct access to Sims Ltd's latest corporate communications, including details on facility expansions, material recovery rates, and leadership updates. Check back frequently to stay informed about this key player in responsible resource management.
Sims Lifecycle Services (SLS) has been named a Representative Vendor in the 2024 Gartner® Market Guide for IT Asset Disposition for the fifth time. The recognition emphasizes SLS's expertise in IT asset management, data security, and sustainability solutions. The Market Guide highlights that IT Asset Disposition (ITAD) is increasingly focused on environmental sustainability benefits, including extending technology asset lifecycles to reduce greenhouse gas emissions and e-waste. The report emphasizes that device reuse and refurbishment are expected to grow as organizations recognize the carbon avoidance benefits compared to recycling.
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.
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