Sims Limited Ranked 14th on Corporate Knights Global 100 List of the World's Most Sustainable Companies

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.

Rhea-AI Summary

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.

Positive

• Ranked 14th on the 2023 Global 100 List of most sustainable companies.
• Accelerated carbon neutrality target by 12 years.
• Reduced carbon emissions by 21% from FY20 baseline.

Negative

• None.

Argus Session date unavailable

-0.10% session move Open Argus

Details

News Market Reaction – SMSMY

The recorded move for SMSMY in the trading session of this news was -0.10%.

Data tracked by StockTitan Argus. Session date unavailable.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

NEW YORK, Jan. 18, 2023 /PRNewswire/ -- Sims Limited (ASX: SGM), a global leader in sustainability and an enabler of the circular economy, ranked 14^th on the 2023 Global 100 List of most sustainable companies in the world by Corporate Knights. This is the company's ninth inclusion on the list.

We firmly believe that our purpose truly guides our efforts to continually raise the bar on sustainability.

"We are very proud to have our sustainability results recognized by Corporate Knights once more," said Alistair Field, Sims Limited's chief executive officer and managing director. "This year, we continued to challenge ourselves to do better, for example by accelerating our carbon neutrality target by 12 years, as a way to demonstrate our commitment to decarbonising our own operations. In addition, we continue to provide solutions for our customers to reduce their own carbon emissions."

"We firmly believe that our purpose, create a world without waste to preserve our planet, truly guides our efforts to continually raise the bar on sustainability, how we do business, and our approach to collaborations," commented Elise Gautier, chief sustainability officer at Sims Limited. "Last year, we advanced our purpose by breaking ground on our Sims Resource Renewal demonstration site, reducing carbon emissions by 21 percent from our FY20 baseline, and marking the safest year on record."

The Global 100 list is an annual ranking of corporate sustainability performance compiled by Corporate Knights, an independent consultancy and B Corp, based on a rigorous assessment of 6,720 companies with more than $1 billion USD in revenues. Corporate Knights considered 25 key environmental, social and governance performance indicators, including the development of innovative sustainability solutions. Global 100 companies represent the top one percent in the world for sustainability performance. For the complete 2023 Global 100 List, visit the Corporate Knights website.

Additional information about Sims Limited's sustainability targets and performance is available on the company's website.

About Sims Limited 

Founded in 1917, Sims Limited is a global leader in sustainability and an enabler of the circular economy that employs 4,400 employees who operate from more than 200 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). The company's purpose, create a world without waste to preserve our planet, is what drives them 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.

View original content to download multimedia:https://www.prnewswire.com/news-releases/sims-limited-ranked-14th-on-corporate-knights-global-100-list-of-the-worlds-most-sustainable-companies-301724450.html

SOURCE Sims Limited

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is Sims Limited's rank in the 2023 Global 100 List?

Sims Limited ranked 14th on the 2023 Global 100 List of the most sustainable companies.

What is the stock symbol for Sims Limited?

The stock symbol for Sims Limited is SMSMY for its American Depositary Shares.

What measures has Sims Limited taken towards sustainability?

Sims Limited has accelerated its carbon neutrality target by 12 years and reduced carbon emissions by 21% from the FY20 baseline.

How many companies were assessed for the Global 100 List?

A total of 6,720 companies were assessed for the Global 100 List.

Who compiled the Global 100 List?

The Global 100 List is compiled by Corporate Knights.