\r\n
\r\n \r\n
\r\n \r\n
\r\n For all of us\r\n Culture\r\n
\r\n![\"Culture](\"assets/images/culture/culture.jpg\")
\r\n\r\n\r\n Our Core Values of Safety, Sustainability, and Integrity guide our actions at Radius.\r\n These values offer a lens through which we make decisions, define our workplace culture,\r\n and illustrate what matters most to our stakeholders.\r\n
\r\n![\"Safety\"](\"assets/images/icons/safety.png\"){kind=icon}
\r\n We prioritize the safety and well-being of our people above all else.\r\n Through a dedication to a sustainable Safety culture, we strive for an injury-free workplace.
\r\n![\"Sustainability\"](\"assets/images/icons/sustainability.png\"){kind=icon}
\r\n We work every day to ensure a sustainable future for generations to come.
\r\n![\"Integrity\"](\"assets/images/icons/integrity.png\"){kind=icon}
\r\n We hold ourselves to the highest standards of ethical behavior.
\r\nDEI is a fundamental part of our business strategy and success, including a commitment to attracting and\r\n retaining a diverse workforce and fostering an inclusive culture where employees collaborate toward shared\r\n goals. Our formal DEI program celebrates employees of all backgrounds by advancing a safe and healthy work\r\n environment in which individuals are treated equitably and with respect and dignity. We strive to motivate\r\n and recognize our teams who work with pride, passion, and mutual accountability.
\r\n![\"Promoting](\"assets/images/culture/promoting-diversity.jpg\")
\r\n We are committed to promoting a positive workplace and conducting our global business in a respectful,\r\n professional, and ethical manner. Our Board of Directors,
We aim to do the right thing – always – in\r\n our business activities.
\r\n![\"Code](\"assets/images/icons/code-of-conduct.svg\"){kind=icon}
Code of Conduct\r\n \r\n ![\"Supplier](\"assets/images/icons/supplier-code-of-conduct.svg\"){kind=icon}
Supplier Code of Conduct\r\n \r\n Radius Recycling employees are empowered to raise issues or concerns. If an employee becomes aware of\r\n a violation of our Code of Conduct, we encourage them to report it to their supervisor, the Chief\r\n Ethics Officer, the Chief Compliance Officer, or any other manager with whom they feel comfortable.\r\n
\r\nIn addition, employees can report suspected violations through EthicsPoint, a completely confidential\r\n reporting system that can be accessed either by telephone at 1-866-400-5738 or through EthicsPoint's\r\n secure web site. Complaints can be filed in many languages. We take each report seriously and\r\n investigate it thoroughly.
\r\nIntegrity, including respect for human rights, is a core value of the Company and fundamental to\r\n Radius commitment to operating responsibly and sustainably. Our values reflect our belief that every\r\n individual has inherent worth. We have adopted a policy affirming these values and our commitment to\r\n upholding the internationally recognized human rights as set forth in the United Nations' Universal\r\n Declaration of Human Rights and the International Labor Organization's Declaration on Fundamental\r\n Principles and Rights at Work.
\r\nWe oppose the use of child or forced labor and human trafficking. We advocate for safe and healthy\r\n working conditions and a workplace free from violence, harassment, intimidation, and retaliation. We\r\n educate our managers and employees to identify, prevent, and report potential human rights abuses that\r\n may occur in the course of our business activities. We honor the right to a safe, clean, healthy and\r\n sustainable environment through our business practices and promote the long-term health, safety, and\r\n wellness of all Employees. We oppose corruption in all forms, specifically extortion and bribery, by\r\n proactively developing and maintaining programs and policies to address corruption in every business\r\n practice.
\r\nTo further explore our commitment to support human rights, we encourage you to read our
We are aware that trade in certain minerals — cassiterite, columbite-tantalite, gold, wolframite, and\r\n their derivatives tin, tantalum and tungsten (3TG) — originating in the Democratic Republic of Congo\r\n (DRC) and its adjoining countries (Covered Countries) has been associated with human rights abuses.\r\n
\r\nWe have complied with the regulations under Section 1502 of the Dodd-Frank Wall Street Reform and\r\n Consumer Protection Act related to the due diligence, disclosure and reporting requirements regarding\r\n 3TG. We have in good faith concluded that any 3TG that may be included in our products came from\r\n recycled or scrap sources, which are considered \"DRC conflict free\" under current U.S. law.
\r\nFor more details, please see our most recent
![\"Political](\"assets/images/icons/political-contributions-policy.svg\"){kind=icon}
Political Contributions Policy \r\n \r\n ![\"America's](\"assets/images/company/awards/newsweek-amrc-2022.png\")
![\"World's](\"assets/images/company/awards/worlds-most-ethical-2024-10x-180px.png\")
![\"Military](\"assets/images/awards/military-friendly-employer-2023-gold.png\")
\r\n ![\"Great](\"assets/images/awards/great-place-to-work-2023-2024.jpg\")
![\"Second](\"assets/images/awards/second-chance-business-coalition.jpg\")
![\"Our](\"assets/images/ethics/ethics-code-of-conduct.jpg\")
\r\nAt Radius, integrity is always a core value. We are committed to promoting a positive workplace and\r\n conducting our global business in a respectful, professional and ethical manner. Our
Our employees — who are the eyes and ears of our company — are empowered to raise issues or concerns. If an\r\n employee becomes aware of a violation of our Code of Conduct, we encourage them to report it to their\r\n supervisor, the Chief Ethics Officer, the Chief Compliance Officer, or any other manager with whom they feel\r\n comfortable.
\r\nIn addition, employees can report suspected violations through EthicsPoint, a completely confidential\r\n reporting system that can be accessed either by telephone at 1-866-400-5738 or through
We are committed to striving for excellence not only by what we do but how we do it. By working together and\r\n focusing on our core value of integrity, we will continue to achieve success, profitability and sustainable\r\n growth.
\r\n![\"Radius](\"assets/images/ethics/eric-sork-signature.png\"\r\n)
\r\n \r\n Eric Sork
\r\n Vice President & Chief Ethics Officer
\r\n Radius Recycling
\r\n 503-224-9900
\r\n {{email| rot13Decrypt}}\r\n
![\"World's](\"assets/images/company/awards/worlds-most-ethical-2024-10x-180px.png\"\r\n)
\r\n Read Radius's Code of\r\n Conduct
\r\n\r\nRead Radius's Supplier Code of\r\n Conduct
\r\nReport a Suspected Ethics Violation:
\r\nCall 1-866-400-5738
(toll free in the U.S. and Canada)
![\"Political](\"assets/images/ethics/political-contributions.jpg\")
\r\n\r\n We have an active local presence in communities throughout the United States and in Canada. Accordingly,\r\n Schnitzer, by and through its officers and employees, is called on from time to time to participate in campaign\r\n and electoral processes at the state, local, and provincial level. We are committed to being a good corporate\r\n citizen in all of the communities in which we operate. The purpose of our political contribution policies is to\r\n assist our directors, officers and employees in understanding how to undertake corporate and certain personal\r\n political activity in a manner that complies with all applicable laws.\r\n
\r\n\r\n\r\n Our political contribution policies go beyond compliance to implement leading practices in accountability and\r\n transparency.\r\n
\r\n\r\n![\"Our](\"assets/images/company/history/history.jpg\")
\r\n![\"1906\"](\"assets/images/company/history/1906.jpg\")
\r\n The company that would become Schnitzer Steel is started by Russian immigrant Sam Schnitzer as a\r\n one-man scrap business called Alaska Junk Company. Sam started his business buying and selling the scrap\r\n metal he could carry on his back as he settled into Portland, Oregon.
\r\nSam Schnitzer's five sons start taking major roles in the family business.
\r\nThe company is incorporated in Oregon. Sam turns the business over to his sons. Over time, Sam's sons\r\n would grow the company into a successful group of recycling, shipping and real estate businesses.
\r\n![\"1946\"](\"assets/images/company/history/1946.jpg\")
\r\n ![\"1952\"](\"assets/images/company/history/1952.jpg\")
\r\n Founder Sam Schnitzer dies.
\r\n![\"1965\"](\"assets/images/company/history/1965.jpg\")
\r\n Schnitzer opens metals recycling facility and deep water port in Oakland, CA.
\r\nSchnitzer grows quickly as many new electric arc furnace steel mini-mills requiring scrap are built.\r\n
\r\nSam Schnitzer's youngest son, Leonard becomes chairman. He would become CEO in 1973 and remain CEO\r\n until 2002 and Chairman until his death in 2003.
\r\n![\"1971\"](\"assets/images/company/history/1971.jpg\")
\r\n\r\n ![\"1973\"](\"assets/images/company/history/1973.jpg\")
\r\n Schnitzer opens metals recycling facility in Sacramento, CA.
\r\n![\"1984\"](\"assets/images/company/history/1984.jpg\")
\r\n Schnitzer acquires Cascade Steel Rolling Mills, Inc., an electric arc furnace steelmaker located in\r\n McMinnville, OR (near Portland) originally founded in 1968.
\r\nCascade Steel completes rebuild of rolling mill #1.
\r\nSchnitzer acquires metals recycling facility in Fresno, CA. Schnitzer enters Pick-n-Pull joint venture.\r\n
\r\n![\"1989\"](\"assets/images/company/history/1989.jpg\")
\r\n ![\"1993\"](\"assets/images/company/history/1993.jpg\")
\r\n Schnitzer becomes a publicly traded company. Schnitzer acquires Sessler, Inc., adding four metals\r\n recycling facilities in central and southern Oregon.
\r\n![\"1995\"](\"assets/images/company/history/1995.jpg\")
\r\n Schnitzer acquires Manufacturing Management, Inc., including its metals recycling facility and deep\r\n water port in Tacoma, WA.
\r\nSchnitzer acquires Proler International, including its interests in a joint venture with Hugo Neu\r\n Corporation. Cascade Steel completes construction of rolling mill #2.
\r\nSchnitzer and Hugo Neu increase the size of their joint venture partnership by buying out a third\r\n partner and completing two other strategic joint venture acquisitions.
\r\n![\"1998\"](\"assets/images/company/history/1998.jpg\")
\r\n ![\"2000\"](\"assets/images/company/history/2000.jpg\")
\r\n Schnitzer operates its first mega-shredder at the Tacoma, WA facility.
\r\n![\"2003\"](\"assets/images/company/history/2003.jpg\")
\r\n Schnitzer buys out its partner in the Pick-n-Pull joint venture. Pick-n-Pull becomes a wholly owned\r\n subsidiary and the first member of Schnitzer's Auto Parts Business.
\r\nCascade Steel completes construction of a new electric arc furnace (EAF) in its melt shop.
\r\nSchnitzer and Hugo Neu Corp end their joint venture. As a result of the agreement, Schnitzer gains full\r\n ownership of five metals recycling facilities in Massachusetts, Maine, New Hampshire and Hawaii plus\r\n controlling interests in the joint venture's interest in two Rhode Island facilities. Three of these\r\n facilities are located at deep water ports.
\r\nSchnitzer expands its Auto Parts Business by acquiring GreenLeaf Auto Recyclers, including 22 locations\r\n selling recycled auto parts to wholesale customers.
\r\nSchnitzer's Metals Recycling Business expands into the Southeastern U.S. by acquiring Regional\r\n Recycling, with nine facilities in Georgia and Alabama.
\r\n![\"2005\"](\"assets/images/company/history/2005.jpg\")
\r\n ![\"2006\"](\"assets/images/company/history/2006.jpg\")
\r\n Schnitzer gains full ownership of two Rhode Island metals recycling facilities in which it previously\r\n had a controlling interest.
\r\nSchnitzer expands its Northeastern U.S. metals recycling presence by acquiring Advanced Recycling with\r\n four facilities in New Hampshire.
\r\nSchnitzer completes installation of mega-shredders at its Oakland, CA and Everett, MA facilities.
\r\n![\"2007\"](\"assets/images/company/history/2007.jpg\")
\r\n Schnitzer acquires metals recycling facilities in Alaska, Maine, Alabama and Georgia.
\r\nSchnitzer listed in Fortune 1000 Companies.
\r\nSchnitzer completes installation of a mega-shredder at its Portland, OR facility.
\r\nSchnitzer acquires metals recycling facilities in Georgia and Washington and opens another in\r\n Tennessee.
\r\nSchnitzer acquires three self-service auto parts facilities in Arkansas and Texas.
\r\nSchnitzer acquires three metals recycling facilities in Puerto Rico and one in Nevada. Schnitzer\r\n acquires two self-service auto parts facilities in Northern California and four in Oregon.
\r\nSchnitzer sells its GreenLeaf Auto Recyclers full-service auto parts business.
\r\n![\"2009\"](\"assets/images/company/history/2009.jpg\")
\r\n ![\"2010\"](\"assets/images/company/history/2010.jpg\")
\r\n Schnitzer acquires three self-service auto parts facilities in Texas.
\r\nSchnitzer acquires a metals recycling facility in Montana, one in Hawaii, two in Georgia and six in\r\n British Columbia, Canada.
\r\n![\"2011\"](\"assets/images/company/history/2011.jpg\")
\r\n Schnitzer acquires a metals recycling facility in Massachusetts, two in California and four in British\r\n Columbia, Canada.
\r\nSchnitzer opens an additional metals recycling facility in California.
\r\nSchnitzer acquires three self-service auto parts facilities in Washington and opens a new self-service\r\n auto parts facility in California.
\r\nSchnitzer acquires a metals recycling facility in Alberta, Canada.
\r\nSchnitzer opens new metals recycling facilities in Alberta, Canada and Puerto Rico.
\r\nSchnitzer opens a new self-service auto parts facility in California.
\r\nSchnitzer acquires four auto parts facilities in British Columbia, Canada; acquires one self-service\r\n auto parts facility in Kansas and acquires another self-service auto parts facility in Missouri.
\r\n![\"2012\"](\"assets/images/company/history/2012.jpg\")
\r\n Schnitzer completes major capital projects in Alberta and Puerto Rico.
\r\nSchnitzer acquires two auto parts facilities in Massachusetts, and one each in Alberta, Rhode Island\r\n and Washington.
\r\nSchnitzer opens a new auto parts facility in Missouri.
\r\n![\"2013\"](\"assets/images/company/history/2013.jpg\")
\r\n ![\"2014\"](\"assets/images/company/history/2014.jpg\")
\r\n Schnitzer opens a new auto parts facility in Rhode Island.
\r\n![\"2015\"](\"assets/images/company/history/2015.jpg\")
\r\n Schnitzer integrates its Auto Parts Business and Metals Recycling Business into a single integrated\r\n recycling business, the Auto and Metals Recycling business (AMR).
\r\nSchnitzer acquires a leading metals recycler with eight operating facilities across Mississippi,\r\n Tennessee, and Kentucky.
\r\n![\"2012\"](\"assets/images/company/history/2021.jpg\")
\r\n Schnitzer acquires the operating assets of a recycler in the Atlanta Metro Region, including two metal\r\n recycling facilities, a metal shredding operation, and recycled auto-parts center.
\r\n![\"2022\"](\"assets/images/company/history/2022.jpg\")
\r\n ![\"2023\"](\"assets/images/company/history/2023.jpg\")
\r\n Schnitzer is named the World’s Most Sustainable Company by Corporate Knights.
\r\nSchnitzer acquires metals recycling management services and solutions provider with customers in 48\r\n U.S. states.
\r\nSchnitzer is named to TIME’s 100 Most Influential Companies list.
\r\n![\"Radius](\"assets/images/company/history/radius-recycling.png\")
\r\n Schnitzer rebrands as Radius Recycling.
\r\n![\"Leadership\"](\"assets/images/company/leadership.jpg\")
\r\nFor more than a century, Radius Recycling has been led\r\n by a dynamic team that is committed to excellence.
\r\n![\"Tamara](\"assets/images/exec_team/tamara-lundgren.jpg\"\r\n)
\r\n \r\n ![\"Stefano](\"assets/images/exec_team/stefano_gaggini.jpg\"\r\n)
\r\n \r\n ![\"Brian](\"assets/images/exec_team/brian_souza.jpg\"\r\n)
\r\n \r\n ![\"Steven](\"assets/images/exec_team/steve-heiskell.jpg\"\r\n)
\r\n \r\n ![\"Erich](\"assets/images/exec_team/erich_wilson.jpg\"\r\n)
\r\n \r\n ![\"James](\"assets/images/exec_team/matt-vaughn.jpg\"\r\n)
\r\n \r\n ![\"Erika](\"assets/images/exec_team/erika_kelley.jpg\"\r\n)
\r\n \r\n ![\"Marc](\"assets/images/exec_team/marc_hatthorn.jpg\"\r\n)
\r\n \r\n Radius has three standing committees comprised entirely of independent directors. The\r\n committees and their current membership are:
\r\n![\"careers\"](\"assets/images/careers/careers.jpg\")
\r\nOur teams work to create a sustainable future by transforming recycled materials into renewed resources.\r\n Together we help to meet the world’s demand for critical materials used in transportation, construction,\r\n manufacturing, and other key industries while keeping physical waste out of our communities.
\r\n\r\n At Radius Recycling and our subsidiaries Pick-n-Pull and Cascade Steel, we encourage and foster a diverse workforce with people from\r\n around the globe, of all ages and job types working together. Whether just starting your career or continuing\r\n it, new to the industry or leadership level, we have exciting opportunities and strive to attract, motivate and\r\n reward hard-working people who embrace their roles with pride and passion. We are committed to hiring and retaining service men and women—just ask our nearly 10 percent of employees who are veterans.\r\n
\r\n Search Careers\r\n![\"Join](\"assets/images/careers/join-our-team.jpg\")
\r\n Our benefits are holistic in nature as we strive to provide solutions to address the\r\n physical, emotional, social and financial needs of our employees and their families.
\r\n![\"Embrace](\"assets/images/careers/embrace-continuous-learning.jpg\")
\r\n We are committed to helping employees reach their full potential by encouraging\r\n professional curiosity and continuous improvement. Our training, education, and development programs lay the\r\n foundation for employee success by meeting the unique and evolving needs of our teams, including online and\r\n in-person curriculum focused on communication, career advancement, and leadership.
\r\n![\"Military](\"assets/images/awards/military-friendly.jpg\")
\r\n ![\"Great](\"assets/images/awards/great-place-to-work-certification.jpg\")
![\"Contact](\"assets/images/company/contact-us.jpg\")
\r\n\r\n Eric Potashner
\r\n 222 SW Columbia Street, Suite 1150
\r\n Portland, OR 97201
\r\n 415-624-9885
\r\n {{emailEP| rot13Decrypt}}\r\n \r\n
\r\n Michael Bennett
\r\n 222 SW Columbia Street, Suite 1150
\r\n Portland, OR 97201
\r\n 503-323-2811
\r\n {{emailIR| rot13Decrypt}}\r\n
![\"Our](\"assets/images/company/our-company.jpg\")
\r\nFor more than a century, Radius Recycling has\r\n developed robust networks to collect, process, and deliver recycled metals to customers around the world. As one\r\n of North America’s largest manufacturers and exporters of recycled metal products, our integrated operating\r\n model advances a circular economy where metals never become waste and instead are redesigned into new products.\r\n
\r\n![\"Metals](\"assets/images/company/metals-recycling.png\")
\r\n 54 metals recycling facilities, including 7 shredding operations
\r\n![\"Auto](\"assets/images/company/auto-dismantling.png\"\r\n)
50 auto dismantling and retail stores which sell serviceable used auto parts to millions of customers\r\n annually
\r\n![\"Recycling](\"assets/images/company/recycling-facilities.jpg\")
\r\n![\"Reports](\"assets/images/reports-bg.jpg\")
\r\n ![\"Corporate](\"assets/images/investors/corporate-governance.jpg\")
\r\nIt is the policy of Radius Recycling to conduct business with the highest level of
![\"Corporate](\"assets/images/investors/picknpull.jpg\")
\r\n Radius Recycling has three standing committees with written charters:
\r\n \r\n![\"Stock](\"assets/images/investors/stock-information.jpg\")
\r\n![\"Event](\"assets/images/investors/investors.jpg\")
\r\n| Title | \r\n{{eventData?.title}} | \r\n
|---|---|
| Start Date | \r\n{{eventData?.startDateTime | date: 'MMMM d, y h:mm a'}} {{eventData?.timeZoneAbbr}} | \r\n
| Duration | \r\n{{eventData?.duration}} | \r\n
| Webcast | \r\n\r\n |
\r\n{{news.title}}
\r\n![\"Leadership\"](\"assets/images/investors/leadership.jpg\")
\r\n ![\"Sustainability\"](\"assets/images/investors/sustainability.jpg\")
\r\n ![\"SEC](\"assets/images/investors/secfilings.jpg\")
\r\n ![\"Calendar\"](\"assets/images/icons/calendar.svg\"){kind=icon}
Stay up to date on Radius Recycling’s news, presentations,
filings and investor Information.
![\"News](\"assets/images/news-releases.jpg\")
\r\nData provided by Thomson Reuters
\r\n\r\nData provided by Thomson Reuters
\r\n![\"Past](\"assets/images/investors/past-annual-reports.jpg\")
\r\n![\"Radius](\"assets/images/investors/thumbnails/2013-annual-report.jpg\")
\r\n 2013 Annual Report\r\n ![\"Radius](\"assets/images/investors/thumbnails/2012-annual-report.jpg\")
\r\n 2012 Annual Report\r\n ![\"Radius](\"assets/images/investors/thumbnails/2011-annual-report.jpg\")
\r\n 2011 Annual Report\r\n ![\"Radius](\"assets/images/investors/thumbnails/2010-annual-report.jpg\")
\r\n 2010 Annual Report\r\n ![\"Radius](\"assets/images/investors/thumbnails/2009-annual-report.jpg\")
\r\n 2009 Annual Report\r\n ![\"Radius](\"assets/images/investors/thumbnails/2008-annual-report.jpg\")
\r\n 2008 Annual Report\r\n ![\"Radius](\"assets/images/investors/thumbnails/2007-annual-report.jpg\")
\r\n 2007 Annual Report\r\n ![\"SEC](\"assets/images/investors/sec-filings.jpg\")
\r\nThis\r\n section provides access to filings with the United States Securities and Exchange Commission (SEC) by or regarding\r\n Radius Recycling. For your convenience, we have split up the filings\r\n into two categories:
\r\n![\"Not](\"assets/images/icons/word_off.png\" "\\"Not"){kind=icon}
![\"Not](\"assets/images/icons/excel_off.png\" "\\"Not"){kind=icon}
![\"Not](\"assets/images/icons/pdf_off.png\" "\\"Not"){kind=icon}
![\"Not](\"assets/images/icons/xbrl_off.png\" "\\"Not"){kind=icon}
\r\nThis\r\n section provides access to filings with the United States Securities and Exchange Commission (SEC) by or regarding\r\n Radius Recycling. For your convenience, we have split up the filings\r\n into two categories:
\r\n\r\n\r\n NASDAQ\r\n{{quoteModel?.symbol}}\r\n{{quoteModel?.lastTrade | number : '1.2-2' : 'en-US'}}\r\n | \r\n \r\n \r\n = 0) ? 'stock_up' : 'stock_down'\">{{quoteModel?.changeNumber\r\n |\r\n number : '1.2-2' : 'en-US' }} - ({{quoteModel?.changePercent | number : '1.2-2' : 'en-US' }}%)\r\n | \r\n{{quoteModel?.volume | formatNumber}} | \r\n{{yearLow}} - {{yearHigh}} | \r\n|
|---|---|---|---|---|
| {{quoteModel?.open}} | \r\n{{quoteModel?.dayHigh}} | \r\n{{quoteModel?.dayLow}} | \r\n{{quoteModel?.previousClose}} | \r\n{{quoteModel?.peRatio}} | \r\n
| \r\n Data as of {{todayDate | date:'M/d/yyyy, h:mm:ss a'}} - Minimum 20 minute delay - | \r\n
\r\n\r\n NASDAQ\r\n{{quoteModel?.symbol}}\r\n{{quoteModel?.lastTrade | number : '1.2-2' : 'en-US'}}\r\n | \r\n \r\n \r\n = 0) ? 'stock_up' : 'stock_down'\">{{quoteModel?.changeNumber\r\n |\r\n number : '1.2-2' : 'en-US' }} - ({{quoteModel?.changePercent | number : '1.2-2' : 'en-US' }}%)\r\n | \r\n{{quoteModel?.volume | formatNumber}} | \r\n{{yearLow}} - {{yearHigh}} | \r\n|
|---|---|---|---|---|
| {{quoteModel?.open}} | \r\n{{quoteModel?.dayHigh}} | \r\n{{quoteModel?.dayLow}} | \r\n{{quoteModel?.previousClose}} | \r\n{{quoteModel?.peRatio}} | \r\n
| \r\n Data as of {{todayDate | date:'M/d/yyyy, h:mm:ss a'}} - Minimum 20 minute delay - | \r\n
![\"Sustainability\"](\"assets/images/sustainability/sustainability.jpg\")
\r\n\r\n For more than 100 years, Radius has recycled ferrous and nonferrous metals—steel, aluminum, copper, and brass, among others—creating value from materials that might otherwise end up in landfills.\r\n
\r\n![\"2024](\"images/sustainability/radius-sustainability-report-cover-image-2024.jpg\")
\r\n\r\n \r\n ![\"Sustainability,](\"assets/images/sustainability/radius-recycling-portland-sustainability.jpg\")
\r\n As one of North America’s largest metal recyclers, we advance the circular economy through recovery, reuse, and recycling of the essential metals required to support global decarbonization efforts by companies, industries, and governments around the world.\r\n
\r\n\r\n![\"People\"](\"assets/images/icons/people.png\"){kind=icon}
People![\"People\"](\"assets/images/icons/planet.png\"){kind=icon}
Planet![\"Profit\"](\"assets/images/icons/profit.png\"){kind=icon}
Profit\r\n ![\"Worlds](\"assets/images/sustainability/worlds-most-sustainable-corps-green-2024.png\")
![\"Great](\"assets/images/sustainability/great-place-to-work-2024-2025.png\")
\r\n ![\"IFRS](\"assets/images/awards/ifrs-sustainability-alliance.jpg\")
![\"Military](\"assets/images/sustainability/military-friendly-employer-2024-gold.png\")
\r\n ![\"MSCI](\"assets/images/awards/msci-esg-aaa.jpg\")
![\"Ecovadis](\"assets/images/sustainability/ecovadis-2024.png\")
![\"CDP](\"assets/images/sustainability/cpd-supporter-2024.png\")
\r\n ![\"Sustainability](\"assets/images/sustainability-report/sustainability-report.jpg\")
\r\n\r\n Scope 1 GHGs
\r\n 143,996 mtCO2e\r\n
\r\n Scope 2 GHGs
\r\n 77,066 mtCO2e\r\n
\r\n Energy Use
\r\n 3,313,199 GJ\r\n
\r\n Water
\r\n 1,164,709 m3\r\n
\r\n Landfilled Waste
\r\n 1% of total processed volume\r\n
![\"Radius](\"assets/images/sustainability-report/trucost-logo.png\"\r\n){kind=logo}
![\"Tamara](\"assets/images/sustainability-report/tamara.jpg\")
\r\n Tamara Lundgren
\r\n President and CEO\r\n
Sustainability is a core value at Radius. Our social, environmental and economic performance are essential to\r\n our future growth and success. Awarded \"Scrap Company of the\r\n Year\" in 2011 and 2013 by the American Metal Market (AMM), our commitment to reclaim, recycle and\r\n remanufacture scrap metal, safely and sustainably, is widely recognized.
\r\n\r\nWe are publishing key performance indicators (KPIs) to enhance the transparency of our environmental footprint\r\n and to form a basis for ongoing communication with our various stakeholders. Our sustainability KPIs have been\r\n selected to align with internationally recognized standards and the metrics we are reporting have been assured\r\n by\r\n independent analysis.
\r\n\r\nOur Sustainability Report focuses on:
\r\n\r\nRadius creates value through recycling every day and we are committed to operating our businesses in a safe,\r\n efficient and environmentally responsible manner. These are the principles underpinning more than a century of\r\n success at Radius.
\r\n\r\nAs you review our Sustainability Report, we hope you gain a broader insight into the recycling communities in\r\n which we are an integral part.
\r\n\r\n\r\n ![\"Radius](\"assets/images/sustainability-report/tamara-signature.jpg\"\r\n)
\r\n Tamara Lundgren
\r\n President and CEO\r\n
![\"Radius](\"assets/images/sustainability-report/IMG_4844.jpg\"\r\n)
\r\n Recycling is one of the most efficient ways to protect the environment. Steel and other metal products\r\n naturally\r\n enable resource conservation through their durability and recyclability. We manage the scrap metal we collect,\r\n process and recycle not as a waste product but as a value-added commodity. Recycling metals has substantial\r\n environmental, economic and social value. Each year, more steel is recycled than paper, aluminum, plastic and\r\n glass combined. Using recycled scrap steel in steel manufacturing saves up to 65% in primary energy input and\r\n reduces water use up to 91% as compared with processes using newly mined iron ore. Additionally, steel\r\n manufacturing using scrap steel generates up to 92% less waste.
\r\n\r\n\r\n At Radius, sustainability does not end with recycling. We have pioneered such innovations as
In addition to our operational efficiency, we put our technologies to work in the environment as well with\r\n projects such as:
\r\n\r\nOperational excellence is a continuous improvement challenge that encourages constant collaboration across\r\n our\r\n company. One recent project illustrates our focus on sustainable innovation and collaboration: the\r\n installation of\r\n EcoPro's Ultraburn Combustion Catalyst Systems and HEPO Oil Bypass Filtration Systems in our truck fleet. The\r\n goal\r\n of this project was to deliver cost savings, improve air quality and conserve finite natural resources. Radius\r\n began installing these advanced systems in 2011, outfitting\r\n both\r\n on-road trucks and off-road equipment. Through 2014, we estimate that the project has resulted in more than\r\n 481,000 gallons of fuel conserved, approximately 11 million pounds of carbon dioxide emissions avoided and $2\r\n million in reduced operating expenses. Sustainability initiatives will continue to support our operational\r\n success\r\n for many years to come.
\r\nRadius's aspiration is to create an injury-free workplace. Each and every day, regardless of job function, all\r\n employees have a common responsibility for workplace safety. Our safety culture is a cornerstone of our success,\r\n benefiting our employees, customers and suppliers while supporting our operational efficiency and performance.\r\n In\r\n fiscal 2014, we were extremely proud to be recognized as industry leaders:
\r\n\r\nIn fiscal 2014, we improved our safety performance by every measure. We are pleased with these positive results\r\n but our goal will always be zero injuries at every location. To achieve such an exceptional goal takes a very\r\n broad view. At Radius, safety management is not proprietary. We actively collaborate with other industry\r\n leaders on best practices, reporting standards, benchmarks and increasing the dialogue on ways to prevent\r\n life-altering incidents more effectively. Our safety engagement strategy connects us all by our actions, from\r\n home\r\n to work and everywhere in between.
\r\n![\"Sustainability](\"assets/images/sustainability-report/ethics-and-compliance.jpg\"\r\n)
\r\n We are dedicated to conducting all business in a professional and ethical manner. Radius promotes a positive\r\n work environment where our Board of Directors, Executive Team and employees are encouraged to take personal\r\n responsibility for furthering these values through adherence to our
Radius maintains an effective Corporate Compliance Program, led by our Chief Compliance Officer, which\r\n focuses\r\n on:
\r\n\r\n![\"Ethisphere](\"assets/images/sustainability-report/apv2015-120w.png\"\r\n)
\r\n ![\"Ethisphere](\"assets/images/sustainability-report/eic2015-120w.png\")
\r\n The Ethisphere Institute recently awarded\r\n Radius the Ethics Inside® Certification and the Anti-Corruption Program Verification™ for 2015-2016. These\r\n designations are awarded exclusively to companies that can demonstrate the existence of a superior employee\r\n and\r\n leadership culture that promotes ethical business practices. In addition, these companies are able to prove\r\n that\r\n they have designed, implemented and enforced a robust, best-in-class anti-corruption program that is capable\r\n of\r\n reasonably detecting and preventing bribery and corruption.
\r\n![\"Radius](\"assets/images/sustainability-report/community-alliance.jpg\"\r\n)
\r\n \r\n At Radius, our people are our passion. Our employees are dedicated to operational excellence and to the
In our fiscal year 2014 Sustainability Report, we are presenting our environmental footprint across our\r\n enterprise. These metrics provide insight into our environmental performance – but in practice every aspect of\r\n our\r\n operations are focused on resource recovery, recycling and reuse. Our metals recycling facilities divert steel\r\n and\r\n other metals from landfills by processing more than 4 million tons of ferrous and 500 million pounds of\r\n nonferrous\r\n metal annually into raw material for new products. Our auto parts stores recycle more than 350,000 cars\r\n annually\r\n and reduce the need to manufacture new parts by providing affordable used auto parts to consumers across the\r\n U.S.\r\n and Canada. Our steel manufacturing facility produces up to 800,000 tons of new steel annually from recycled\r\n metal.
\r\n\r\nOur key performance indicators focus on carbon emissions disclosures, energy management and efficiency, water\r\n conservation and quality, resource recovery and waste diversion.
\r\n\r\nOur 2014 fiscal year (September 1, 2013 through August 31, 2014) represents our baseline year for public\r\n disclosure of Scope 1 and 2 greenhouse gas emissions, water consumption and waste generation.
\r\n![\"Radius](\"assets/images/sustainability-report/ecopro-23.jpg\"\r\n)
\r\n Radius's direct (Scope 1) emissions largely result from our consumption of diesel fuel in on-road\r\n transportation fleets and off-road production equipment, our consumption of natural gas in steel\r\n manufacturing\r\n and\r\n carbon emissions inherent in the steel manufacturing process. Efforts to minimize these emissions are\r\n ongoing,\r\n often through the retirement of older equipment and in the installation of
Radius's indirect (Scope 2) emissions result solely from our use of grid-purchased electricity.\r\n Electricity\r\n demand is highest at our steel manufacturing facility which utilizes an electric arc furnace. However,\r\n this\r\n operation, based in McMinnville, OR, utilizes 86% renewable sources of electricity, including 85%\r\n hydro-power\r\n generation. Ongoing efforts to minimize Scope 2 emissions include installing on-site
\r\n Sources of\r\n Electricity
Used\r\n by Radius
![\"Renewable](\"assets/images/sustainability-report/energy-sources4.png\"\r\n)
In fiscal 2014, Radius's energy use totaled 3.3 million gigajoules of energy, at a 1.2 : 1 ratio\r\n between\r\n fossil fuel consumption and electricity usage. Our fossil fuel consumption reflects a 53% utilization\r\n of natural\r\n gas, a 39% utilization of conventional gasoline and diesel fuel and an 8% utilization of alternative\r\n bio-fuels.\r\n Our electricity source mix reflects a renewable energy source mix of approximately 75% –\r\n hydroelectric, wind,\r\n solar, biomass and geothermal.
\r\n\r\nFuel conservation and electricity efficiency is a priority for Radius. We have implemented creative\r\n solutions\r\n to save energy at many of our facilities. Some of these solutions have included diesel-engine\r\n combustion\r\n catalyst\r\n systems, variable frequency drives, electrical motor efficiencies, on-site renewable energy\r\n technologies,\r\n upgrades/retrofits to building envelopes and lighting systems, and on-road transportation fleet\r\n tracking\r\n systems.\r\n Meanwhile, we are constantly developing new solutions to conserve more energy.
\r\n\r\nWe recognize that through efficient energy use and conservation efforts, we can extend the useful\r\n life of\r\n energy\r\n consuming assets, minimize maintenance and new equipment purchasing costs and better manage risks\r\n associated\r\n with\r\n volatile/fluctuating fossil fuel and electricity prices. Our energy use strategy is a collaborative\r\n effort\r\n across\r\n the organization involving each business segment and all business activities.
\r\n![\"Radius](\"assets/images/sustainability-report/IMG_0095.jpg\")
\r\n Ensuring water efficiency in our operations is a cornerstone of our water quality and conservation\r\n efforts.
\r\n\r\nAt our metals recycling facilities, water use demands are concentrated on the cooling needs of our\r\n mega-shredders. Efforts to improve the water use efficiency of the metal shredding process are ongoing\r\n and\r\n include: directing flow nozzles/sprinklers to eliminate overspray; recycling and re-use of overspray\r\n from around\r\n metal shredding areas; and the collection and harvesting of rainwater as a substitute for fresh water\r\n and well\r\n water resources.
\r\n\r\nWater usage in our steel mill accounts for approximately 75% of the water usage across our company.\r\n However,\r\n municipal water supply represents only 20% of the facility's total water usage due to state-of-the-art\r\n water-recycling capabilities. Water usage is negligible at our metals recycling facilities and auto\r\n parts\r\n stores.\r\n Nevertheless, we are fully engaged in eliminating wasteful water usage when and wherever feasible.\r\n Water usage\r\n at\r\n these facilities encompasses environmental best practices, such as reducing dust from roads, trucks\r\n and\r\n stockpiles. Wastewater and rainwater is collected, stored and reused where feasible. Storefront\r\n landscape and\r\n irrigation systems are closely monitored for malfunctions and overwatering, particularly in times of\r\n severe\r\n drought.
\r\n\r\n![\"Renewable](\"assets/images/sustainability-report/infographic-350x350.png\"\r\n)
\r\n By weight, nearly all of the materials processed by our metals recycling facilities are recycled.\r\n Only 1% of\r\n our\r\n total processed materials are directly disposed of in landfills. The majority of generated landfilled\r\n waste\r\n comes\r\n in the form of shredder residue, the output of our shredding practices. The typical composition of\r\n shredder\r\n residue is similar to municipal solid waste (trash) – small pieces of plastic, foam, fabric, rubber,\r\n glass,\r\n wood,\r\n paper, residual metals, soil, gravel and rocks.
\r\n\r\nOur steel manufacturing facility recycles more than just steel. Our robust recycling program includes\r\n commonly\r\n co-mingled recyclables, paper and cardboard, wood pallets, batteries and electronics, paints and\r\n solvents, print\r\n toner cartridges just to name a few.
\r\n\r\nOur Pick-n-Pull auto parts stores drain, recover, remove and recycle hazardous materials from the\r\n end-of-life\r\n vehicles (ELV) they procure. These vehicles often come littered with household trash and non-reusable\r\n consumer\r\n products discarded by prior owners. Our facilities carefully sort all of materials, \"thrifting\" and\r\n recycling\r\n where feasible and properly disposing of what remains.
\r\n \r\n\r\n\r\n Scope 1 GHGs
\r\n 138,372 mtCO2e\r\n
\r\n Scope 2 GHGs
\r\n 75,874 mtCO2e\r\n
\r\n Energy Use
\r\n 3,250,302 GJ\r\n
\r\n Water
\r\n 1,283,810 m3\r\n
\r\n Landfilled Waste
\r\n 1% of total processed volume\r\n
\r\n Tamara Lundgren
\r\n President and CEO\r\n
Sustainability is a core value at Radius. Our social, environmental and economic performance is essential to\r\n our\r\n future growth and success. Awarded \"Scrap Company of the\r\n Year\" in 2011 and 2013 by the American Metal Market (AMM) and named a
For fiscal 2015, we are publishing our second annual sustainability key performance indicators (KPIs) to\r\n enhance\r\n the transparency of our environmental footprint and to form a basis for ongoing communication with our various\r\n stakeholders. Our sustainability KPIs have been selected to align with internationally recognized standards, and\r\n the metrics we are reporting have been assured by independent analysis.
\r\n\r\nOur Sustainability Report focuses on:
\r\n\r\nRadius creates value through recycling every day, and we are committed to operating our businesses in a safe,\r\n efficient and environmentally responsible manner. These are the principles underpinning more than a century of\r\n success at Radius.
\r\n\r\nAs you review our Sustainability Report, we hope you gain a broader insight into our role in promoting\r\n sustainability as one of North America's largest recyclers of metal products.
\r\n\r\n\r\n
\r\n Tamara Lundgren
\r\n President and CEO\r\n
\r\n Recycling is one of the most efficient ways to protect the environment. Steel and other metal products\r\n naturally\r\n enable resource conservation through their durability and recyclability. We manage the scrap metal we collect,\r\n process and recycle not as a waste product but as a value-added commodity. Recycling metals has substantial\r\n environmental, economic and social value. Each year, more steel is recycled than paper, aluminum, plastic and\r\n glass combined. Using recycled scrap steel in steel manufacturing saves up to 65% in primary energy input and\r\n reduces water use up to 91% as compared with processes using newly mined iron ore. Additionally, steel\r\n manufacturing using scrap steel generates up to 92% less waste.
\r\n\r\nAt Radius, our recycling research has pioneered such innovations as advanced
In addition to our operational efficiency, we put our technologies to work in the environment as well with\r\n projects such as:
\r\n\r\nOperational excellence is a continuous improvement challenge that encourages constant collaboration across\r\n our\r\n Company. One recent project illustrates our focus on sustainable innovation and collaboration: the\r\n installation of\r\n EcoPro's Ultraburn Combustion Catalyst Systems and HEPO Oil Bypass Filtration Systems in our truck fleet. The\r\n goals of this project were to improve air quality, conserve finite natural resources, and deliver cost\r\n savings.\r\n Radius began installing these advanced systems in 2011,\r\n outfitting\r\n both on-road trucks and off-road equipment. Through fiscal 2015, we estimate that the project has resulted in\r\n the\r\n avoidance of approximately 15 million pounds of carbon dioxide emissions, conserved more than 665,000 gallons\r\n of\r\n fuel, and reduced operating expenses by approximately $2.5 million. Sustainability initiatives will continue\r\n to\r\n support our operational success for many years to come.
\r\nRadius's goal is to create an injury-free workplace. Each and every day, regardless of job function, all\r\n employees have a common responsibility for workplace safety. Our safety culture is a cornerstone of our success,\r\n benefiting our employees, customers and suppliers while supporting our operational efficiency and performance.\r\n In\r\n fiscal 2015, we were extremely proud to be recognized as an industry leader:
\r\n\r\nIn fiscal 2015, we continued to maintain the highest standard for our safety performance. We are pleased with\r\n these positive results but our goal will always be zero injuries at every location. To achieve such an\r\n exceptional\r\n goal takes a very broad view. At Radius, safety management is not proprietary. We actively collaborate with\r\n other\r\n industry leaders on best practices, reporting standards, benchmarks, and increasing the dialogue on ways to\r\n prevent life-altering incidents more effectively. Our safety engagement strategy connects us all by our actions,\r\n from home to work and everywhere in between.
\r\n\r\n\r\n Integrity is a core value of our Company and we treat employees, customers, suppliers, the public and\r\n investors\r\n with respect and fairness. Our Directors, the Executive Team and each and every employee is responsible for\r\n adhering to our Code of Conduct, all applicable laws\r\n and\r\n regulations, and maintaining our high standards of ethical behavior and business practices. Simply stated,\r\n everyone on the Radius team is expected to do the right thing every day as we serve our customers, business\r\n partners, investors, and communities.
\r\n\r\nRadius maintains a robust and effective Corporate Compliance Program, led by our Chief Compliance Officer,\r\n which\r\n focuses on:
\r\n\r\n![\"Ethisphere](\"assets/images/sustainability-report/ethisphere-anti-corruption.png\"\r\n)
\r\n ![\"Ethisphere](\"assets/images/sustainability-report/ethisphere-ethics-inside.png\"\r\n)
\r\n In 2015 and 2016, Radius was named a World's Most Ethical Company by the Ethisphere Institute, an\r\n international\r\n think tank focused on ethics and compliance. This prestigious award is given exclusively to companies that\r\n have a\r\n material impact on the way business is conducted by fostering a culture of ethics and transparency at every\r\n level\r\n of the company. Specifically, winners must demonstrate leadership in five key categories: ethics and\r\n compliance;\r\n corporate citizenship and responsibility; culture of ethics; governance; and leadership, innovation and\r\n reputation. Only 131 companies worldwide were honored in 2016. Radius is the first and only metals recycling\r\n company to be among the winners.
\r\n\r\nRadius also earned the Ethics Inside® Certification and the Anti-Corruption Program Verification™ for\r\n 2015-2016.\r\n These designations are awarded exclusively to companies that can demonstrate the existence of a superior\r\n employee\r\n and leadership culture that promotes ethical business practices. In addition, these companies are able to\r\n prove\r\n that they have designed, implemented, and enforced a robust, best-in-class anticorruption program that is\r\n capable\r\n of reasonably detecting and preventing bribery and corruption.
\r\n\r\n\r\n \r\n At Radius, our people are our passion. Our employees are dedicated to operational excellence and to the
In our fiscal year 2015 Sustainability Report, we present our environmental footprint across our enterprise.\r\n These metrics provide insight into our environmental performance – but in practice every aspect of our\r\n operations\r\n is focused on resource recovery, recycling and reuse. Our metals recycling facilities divert steel and other\r\n metals from landfills by processing 3.7 million tons of ferrous and 585 million pounds of nonferrous metal\r\n annually into raw material for new products. Our auto parts stores recycle nearly 350,000 cars annually and\r\n reduce\r\n the need to manufacture new parts by providing affordable used auto parts to consumers across the U.S. and\r\n Canada.\r\n Our steel manufacturing facility produces up to 800,000 tons of new steel annually from recycled metals.
\r\n\r\nOur key performance indicators focus on carbon emissions disclosures, energy management, and efficiency,\r\n water\r\n conservation and quality, resource recovery, and waste diversion.
\r\n\r\nOur 2015 fiscal year (September 1, 2014 through August 31, 2015) represents our second annual year for public\r\n disclosure of Scope 1 and 2 greenhouse gas emissions, water consumption, and waste generation.
\r\n\r\n Radius's direct (Scope 1) emissions largely result from our consumption of diesel fuel in on-road\r\n transportation\r\n fleets and off-road production equipment, our consumption of natural gas in steel manufacturing, and\r\n carbon\r\n emissions inherent in the steel manufacturing process. Efforts to minimize these emissions are\r\n ongoing, often\r\n through the retirement of older equipment and the installation of
Radius's indirect (Scope 2) emissions result solely from our use of grid-purchased electricity.\r\n Electricity\r\n demand is highest at our steel manufacturing facility which utilizes an electric arc furnace. However,\r\n this\r\n operation, based in McMinnville, OR, utilizes grid electricity generated from 86% renewable energy\r\n sources,\r\n including 85% hydro-power generation. Ongoing efforts to minimize Scope 2 emissions include installing\r\n on-site electrical substations at our shredder\r\n facilities,\r\n retrofitting and redesigning our facilities' lighting systems, and using more energy-efficient\r\n electrical motors\r\n and other equipment. Our metals recycling facilities and auto parts retail and dismantling facilities\r\n have small\r\n building footprints. Scope 2 emissions generated from electricity usage by these facilities include\r\n office and\r\n security lighting systems, building heating and cooling systems, and computer systems. These systems\r\n provide a\r\n safe, secure and productive environment for our employees and visitors.
\r\n\r\n Sources of Electricity
Used\r\n by Radius
![\"Renewable](\"assets/images/sustainability-report/energy-sources-fy2015.png\"\r\n)
In fiscal 2015, Radius's energy use totaled 3.25 million gigajoules of energy, at a 1.1 : 1 ratio\r\n between fossil\r\n fuel consumption and electricity usage. Our fossil fuel consumption reflects a 56% utilization of\r\n natural gas, a\r\n 38% utilization of conventional gasoline and diesel fuel, and an 6% utilization of alternative\r\n bio-fuels. Our\r\n electricity source mix reflects a renewable energy source mix of approximately 76% – hydroelectric,\r\n wind, solar,\r\n biomass, and geothermal.
\r\n\r\nFuel conservation and electricity efficiency is a priority for Radius. We have implemented creative\r\n solutions to\r\n save energy at many of our facilities. Some of these solutions have included diesel-engine combustion\r\n catalyst\r\n systems, variable frequency drives, electrical motor efficiencies, on-site renewable energy\r\n technologies,\r\n upgrades/retrofits to building envelopes and lighting systems, and on-road transportation fleet\r\n tracking systems.\r\n Meanwhile, we are constantly developing new solutions to conserve more energy.
\r\n\r\nWe recognize that through efficient energy use and conservation efforts, we can extend the useful\r\n life of energy\r\n consuming assets, minimize maintenance and new equipment purchasing costs, and better manage risks\r\n associated with\r\n volatile/fluctuating fossil fuel and electricity prices. Our energy use strategy is a collaborative\r\n effort across\r\n the organization involving each business segment and all business activities.
\r\n\r\n Ensuring water efficiency in our operations is central to our water quality and conservation efforts.\r\n
\r\n\r\nAt our metals recycling facilities, water use demands are concentrated on the cooling needs of our\r\n mega-shredders\r\n and dust suppression. Efforts to improve the water use efficiency of the metal shredding process are\r\n ongoing and\r\n include: directing flow nozzles/sprinklers to eliminate overspray; recycling and re-use of overspray\r\n from around\r\n metal shredding areas; and the collection and harvesting of rainwater as a substitute for fresh water\r\n and well\r\n water resources.
\r\n\r\nWater usage in our steel mill accounts for approximately 68% of the water usage across our Company.\r\n However,\r\n municipal water supply represents only 20% of the facility's total water usage due to state-of-the-art\r\n water-recycling capabilities. Water usage is negligible at our metals recycling collection facilities\r\n and auto\r\n parts stores. Nevertheless, we are fully engaged in eliminating wasteful water usage when and wherever\r\n feasible.\r\n Water usage at our facilities encompasses environmental best practices, such as reducing dust from\r\n roads, trucks,\r\n and stockpiles. Wastewater and rainwater is collected, stored, and reused where feasible. Storefront\r\n landscape and\r\n irrigation systems are closely monitored for malfunctions and overwatering, particularly in times of\r\n severe\r\n drought. A significant capital project was initiated in fiscal 2015 to implement a large-scale\r\n stormwater\r\n recycling program at our Everett, MA shredder and port facility.
\r\n\r\n\r\n By weight, nearly all of the materials processed by our metals recycling facilities are recycled.\r\n Only 1% of our\r\n total processed materials are directly disposed of in landfills. The majority of generated landfilled\r\n waste comes\r\n in the form of shredder residue, the output of our shredding practices. The typical composition of\r\n shredder\r\n residue is similar to municipal solid waste (trash) – small pieces of plastic, foam, fabric, rubber,\r\n glass, wood,\r\n paper, residual metals, soil, gravel, and rocks.
\r\n\r\nOur steel manufacturing facility recycles more than just steel. Our robust recycling program includes\r\n commonly\r\n co-mingled recyclables, paper and cardboard, wood pallets, batteries and electronics, paints and\r\n solvents, and\r\n print toner cartridges just to name a few.
\r\n\r\nOur Pick-n-Pull auto parts stores drain, recover, remove, and recycle hazardous materials from the\r\n end-of-life\r\n vehicles (ELV) they procure. These vehicles often come littered with household trash and non-reusable\r\n consumer\r\n products discarded by prior owners. Our facilities carefully sort all of materials, re-using and\r\n recycling where\r\n feasible and properly disposing of what remains.
\r\n \r\n\r\n\r\n Scope 1 GHGs
\r\n 133,752 mtCO2e ![\"Radius](\"assets/images/sustainability-report/green-down-arrow.gif\"\r\n){kind=icon}
3%\r\n
\r\n Scope 2 GHGs
\r\n 41,057 mtCO2e\r\n
\r\n Energy Use
\r\n 2,891,855 GJ 11%\r\n
\r\n Water
\r\n 1,095,648 m3 15%\r\n
\r\n Landfilled Waste
\r\n 1% of total processed volume\r\n
\r\n Tamara Lundgren
\r\n President and CEO\r\n
We are proud to present our third annual Sustainability Report which covers our fiscal year 2016. Sustainability\r\n is at the core of Radius Steel. Founded in 1906, Radius is one of North America's largest metals recyclers and a\r\n manufacturer of finished steel. Our automotive and metals recycling business processes scrap metals for reuse by\r\n steel mills and other manufacturers globally. Our integrated platform also includes a steel mill which produces\r\n finished steel products from our recycled metal, conserving natural resources, and reducing greenhouse gas\r\n emissions.
\r\n \r\nWe strive to set the standard in safe and sustainable practices for the metals recycling industry while\r\n pioneering advanced technologies and processes. Our goals are to generate profitable, sustainable growth and to\r\n promote the competitiveness of recycled metal as a raw material for infrastructure, industrial manufacturing\r\n activity, and commercial construction. By continuously investing in innovation, safety, and environmental\r\n stewardship, as well as collaborating with industry and trade associations to share best practices, we are raising\r\n the profile of our industry as a sustainable business while fostering a highly talented workforce for today and\r\n tomorrow.
\r\n \r\nWe exemplify our commitment to sustainability in how we conduct our operations and how we work with our\r\n customers, suppliers, and local communities to realize the benefits of recycling. Our achievements reflect a wide\r\n scope of shared successes with our customers, suppliers and communities in which we operate:
\r\n \r\nThrough sustainable practices and our commitment to positively impact the communities in which we operate,\r\n we are continuing to pioneer ways in which to further advance sustainability, recycling and environmental\r\n stewardship.
\r\nAlongside our environmental achievements, we remain committed to our culture of safety. Corporate culture plays a\r\n key role in determining how decisions are made to achieve goals. In our operations, trained and engaged employees\r\n drive our performance. In 2016, we improved our safety metrics by fostering a collaborative team effort including\r\n training, audits, robust reporting of near-miss incidents, corrective actions and layered safety observations. We\r\n are continuously improving our development and implementation of accident prevention programs and reinforcing a\r\n daily mind-set of safety among our employees.
\r\n \r\nOur sustainability key performance indicators (KPIs) have been selected to align with internationally recognized\r\n standards, and the metrics we are reporting have been assured by independent analysis.
\r\n \r\nOur Sustainability Report focuses on:
\r\n \r\nFor over a century at Radius, we have been creating value from recycling. Through sustainable practices and our\r\n commitment to positively impact the communities in which we operate, we are continuing to pioneer ways in which to\r\n further advance sustainability, recycling and environmental stewardship.
\r\n \r\n\r\n
\r\n Tamara L. Lundgren
\r\n President and Chief Executive Officer\r\n
\r\n Recycling is one of the most efficient ways to protect the environment. Steel and other metal products naturally\r\n enable resource conservation through their durability and recyclability. We manage the scrap metal we collect,\r\n process and recycle not as a waste product but as a value-added commodity. Recycling metals has substantial\r\n environmental, economic and social value. Each year, more steel is recycled than paper, aluminum, plastic and\r\n glass combined. Using recycled scrap steel in steel manufacturing saves up to 65% in primary energy input and\r\n reduces water use up to 91% as compared with processes using newly mined iron ore. Additionally, steel\r\n manufacturing using scrap steel generates up to 92% less waste.
\r\n \r\nAt Radius, our recycling research has pioneered such innovations as advanced
In addition to our operational efficiency, we put our technologies to work in the environment with projects such\r\n as:
\r\n \r\n \r\n \r\nTruck Fleet CO2\r\n Reduction
(pounds)
![\"Radius](\"assets/images/sustainability-report/co2-reduction-06-240w.png\")
\r\n Operational excellence is a continuous improvement challenge that encourages constant collaboration across our\r\n Company. One ongoing project illustrates our focus on sustainable innovation and collaboration: the installation\r\n of EcoPro's Ultraburn Combustion Catalyst Systems and HEPO Oil Bypass Filtration Systems in our truck fleet. The\r\n goals of this project were to improve air quality, conserve finite natural resources, and deliver cost savings.\r\n Radius began installing these advanced systems in 2011, outfitting\r\n both on-road trucks and off-road equipment. Through fiscal 2016, we estimate that the project has resulted in the\r\n avoidance of approximately 18 million pounds of carbon dioxide emissions, conserved more than 790,035 gallons of\r\n fuel, and reduced operating expenses by approximately $3 million. Sustainability initiatives will continue to\r\n support our operational success for many years to come.
\r\nRadius's goal is to create an injury-free workplace. Each and every day, regardless of job function, all\r\n employees have a common responsibility for workplace safety. Our safety culture is a cornerstone of our success,\r\n benefiting our employees, customers, and suppliers while supporting our operational efficiency and performance. We\r\n are proud to be a founding member in ISRI's Circle of Safety Excellence for benchmarking and setting safety\r\n standards for our industry. Our program utilizes a robust safety scorecard focused on leading indicators –\r\n training, audits, near-miss incidents, corrective actions, and layered safety observations. We track and report\r\n aggregate results across our platform on a weekly, quarterly, and annual basis. By focusing on early warning\r\n signals, we can reduce overall incidents and prevent more severe incidents. Externally, we benchmark against our\r\n peer group and industry standard metrics. In fiscal 2016, we continued to aim for the highest standards for our\r\n safety performance. Compared to the prior fiscal year, we improved in every measure:
\r\n \r\nWe are pleased with these positive results but our goal will always be zero injuries at every location. To\r\n achieve such an exceptional goal takes a very broad view. At Radius, safety management is not proprietary. We\r\n actively collaborate with other industry leaders on best practices, reporting standards, benchmarks, and\r\n increasing the dialogue on ways to prevent life-altering incidents more effectively. Our safety engagement\r\n strategy connects us all by our actions, from home to work and everywhere in between.
\r\n \r\nHealth &\r\n Safety Incident Rates
\r\n![\"Radius](\"assets/images/sustainability-report/health-safety-incident-rates-04b.png\"\r\n)
\r\n \r\n Integrity is a core value of our Company and we treat employees, customers, suppliers, the public, and investors\r\n with respect and fairness. Our Directors, the Executive Team, and each and every employee is responsible for\r\n adhering to our Code of Conduct, all applicable laws and\r\n regulations, and maintaining our high standards of ethical behavior and business practices. Simply stated,\r\n everyone on the Radius team is expected to do the right thing every day as we serve our customers, business\r\n partners, investors, and communities.
\r\n \r\nRadius maintains a robust and effective Corporate Compliance Program, led by our Chief Compliance Officer, which\r\n focuses on:
\r\n \r\n![\"Ethisphere](\"assets/images/company/awards/worlds-most-ethical-2015-2017.png\"\r\n)
\r\n In 2017 and for the third consecutive year, Radius was named a
\r\n At Radius, our people are our passion. Our employees are dedicated to operational excellence and to the
Our employees reflect a diverse cultural background and a welcoming opportunity for anyone interested in working\r\n for a purpose:
\r\n \r\n![\"Radius](\"assets/images/sustainability-report/gender-workforce-ethnicity-05c.png\"\r\n)
\r\n In our fiscal year 2016 Sustainability Report, we present our environmental footprint across our enterprise.\r\n These metrics provide insight into our environmental performance – but in practice every aspect of our operations\r\n is focused on resource recovery, recycling, and reuse. Our metals recycling facilities divert steel and other\r\n metals from landfills by processing 3.3 million tons of ferrous and 510 million pounds of nonferrous metal\r\n annually into raw material for new products. Our auto parts stores recycled 319,000 cars in fiscal 2016, reducing\r\n the need to manufacture new parts by providing affordable used auto parts to consumers across the U.S. and Canada.\r\n Our steel manufacturing facility produces up to 580,000 tons of new steel annually from recycled metals.
\r\n \r\nOur sustainability key performance indicators focus on carbon emissions disclosures, energy management, and\r\n efficiency, water conservation and quality, resource recovery, and waste diversion.
\r\n \r\nOur 2016 fiscal year (September 1, 2015 through August 31, 2016) represents our third annual year for public\r\n disclosure of Scope 1 and 2 greenhouse gas emissions, water consumption, and waste generation.
\r\n \r\nOur results are independently assured by Trucost, a global leader in environmental data analytics in partnership\r\n with S&P Dow Jones Indices. Trucost assesses inclusivity, materiality, and accuracy of the data, estimates,\r\n and conversion ratios in adherence with the Global Reporting Initiative (GRI) and the United Nations Global\r\n Compact Principles (UN Global Compact). The GRI provides the world's most widely used standards on sustainability\r\n reporting and is inclusive of an adherence to the UN Global Compact. The UN Global Compact is a voluntary\r\n leadership platform for the development, implementation, and disclosure of responsible corporate policies and\r\n practices. Launched in 2000, the UN Global Compact is the largest corporate sustainability initiative in the\r\n world, with over 12,000 signatories based in 145 countries.
\r\n\r\n Radius's direct (Scope 1) emissions largely result from our consumption of diesel fuel in on-road transportation\r\n fleets and off-road production equipment, our consumption of natural gas in steel manufacturing, and carbon\r\n emissions inherent in the steel manufacturing process. Efforts to minimize these emissions are ongoing, often\r\n through the retirement of older equipment and the installation of
Radius's indirect (Scope 2) emissions result solely from our use of grid-purchased electricity. Electricity\r\n demand is highest at our steel manufacturing facility which utilizes an electric arc furnace. However, this\r\n operation, based in McMinnville, Oregon, utilizes grid electricity generated from 86% renewable energy sources,\r\n primarily hydro-power generation, which results in total company energy usage of 73% hydro-power generation.\r\n Ongoing efforts to minimize Scope 2 emissions include installing on-site
Sources of Electricity
Used\r\n by Radius
![\"Renewable](\"assets/images/sustainability-report/energy-sources-fy2016-03.png\"\r\n)
\r\n In fiscal 2016, Radius's energy usage totaled 2.89 million gigajoules of energy, at a 1.22 to 1 ratio between\r\n fossil fuel consumption and electricity usage. This reflects an 11% decrease in energy use compared to the prior\r\n fiscal year, primarily driven by the retirement of older equipment and the installation of technologies which\r\n conserve fuel and/or reduce emissions. Our fossil fuel consumption is 59% natural gas, 36% conventional gasoline\r\n and diesel fuel and 5% alternative bio-fuels. Approximately 76% of our electricity comes from renewable energy\r\n sources such as hydroelectric, wind, solar, biomass, and geothermal.
\r\n \r\nFuel conservation and electricity efficiency is a priority for Radius. We have implemented creative solutions to\r\n save energy at many of our facilities. Some of these have included diesel-engine combustion catalyst systems,\r\n variable frequency drives, electrical motor efficiencies, on-site renewable energy technologies,\r\n upgrades/retrofits to building envelopes and lighting systems, and on-road transportation fleet tracking systems.\r\n Meanwhile, we are constantly developing new solutions to conserve more energy.
\r\n \r\nWe recognize that through efficient energy usage and conservation efforts, we can extend the useful life of\r\n energy consuming assets, minimize maintenance and new equipment purchasing costs, and better manage risks\r\n associated with volatile fossil fuel and electricity prices. Our energy usage strategy is a collaborative effort\r\n across the organization involving each business segment and all business activities.
\r\n\r\n Ensuring water efficiency in our operations is central to our water quality and conservation efforts.
\r\n \r\nAt our metals recycling facilities, water usage demands are concentrated on the cooling needs of our\r\n mega-shredders and dust suppression. Efforts to improve the water use efficiency of the metal shredding process\r\n are ongoing and include: directing flow nozzles and sprinklers to eliminate overspray; recycling and re-use of\r\n overspray from around metal shredding areas; and the collection and harvesting of rainwater as a substitute for\r\n fresh water and well water resources.
\r\n \r\nWater usage in our steel mill accounts for approximately 70% of the water usage across our Company. However,\r\n municipal water supply represents only 20% of the facility's total water usage due to state-of-the-art water\r\n recycling capabilities. Water usage is negligible at our metals recycling collection facilities and auto parts\r\n stores. Nevertheless, we are fully engaged in eliminating wasteful water usage whenever feasible. Water reusage at\r\n our facilities encompasses environmental best practices, such as reducing dust from roads, trucks, and stockpiles.\r\n Wastewater and rainwater are collected, stored, and reused where feasible. Storefront landscape and irrigation\r\n systems are closely monitored for malfunctions and overwatering, particularly in times of severe drought. We\r\n initiated a significant capital project in fiscal 2015 to implement an innovative, large-scale stormwater\r\n treatment program at our Everett, Massachusetts shredder and port facility which will be completed in 2017. We\r\n installed a total of seven advanced stormwater systems in our major operating facilities during fiscal 2016.
\r\n![\"Renewable](\"assets/images/sustainability-report/infographic-350x350.png\")
\r\n To see our recycling process in action,
By weight, nearly all of the materials processed by our metals recycling facilities are recycled. Only 1% of our\r\n total processed materials are directly disposed of in landfills. The majority of generated landfilled waste comes\r\n in the form of shredder residue, the output of our shredding practices. The typical composition of shredder\r\n residue is similar to municipal solid waste (trash) – small pieces of plastic, foam, fabric, rubber, glass, wood,\r\n paper, residual metals, soil, gravel, and rocks.
\r\n \r\nOur steel manufacturing facility recycles more than just steel. Our robust recycling program includes commonly\r\n co-mingled recyclables, paper and cardboard, wood pallets, batteries and electronics, paints and solvents, and\r\n print toner cartridges just to name a few.
\r\n \r\nOur Pick-n-Pull auto parts stores drain, recover, remove, and recycle hazardous materials from the end-of-life\r\n vehicles (ELV) they procure. These vehicles often come littered with household trash and non-reusable consumer\r\n products discarded by prior owners. Our facilities carefully sort all of these materials, re-using and recycling\r\n where feasible and properly disposing of what remains.
\r\n \r\n![\"Radius](\"assets/images/sustainability-report/KMN_0206.jpg\")
\r\n ![\"RIOS](\"assets/images/sustainability-report/rios-logo2.png\"\r\n "\\"RIOS"){kind=logo}
![\"ISRI](\"assets/images/company/isri-circle-of-safety-excellence.gif\"\r\n "\\"ISRI")
![\"Radius](\"assets/images/sustainability-report/KMN_0206.jpg\"\r\n)
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