Sims Metal Management Limited
Sims Metal Management Limited is the global leader in metals and electronics recycling. Our leadership position has been built through an uncompromising commitment to safety, customer service and the expertise and loyalty of our extraordinary people.
Sims Metal Management is an Australian domiciled corporation, listed on the Australian Securities Exchange and the New York Stock Exchange. Sims Metal Management Limited is comprised of three divisions that are committed to sustainability, health, community and the environment.
- Sims Metal Management is the world’s largest publicly listed metal recycler, with operations encompassing the buying, processing and selling of ferrous and non-ferrous recycled metals. The metals recycling operations are geographically diverse, with operations in five countries, including the United States, Australia and the United Kingdom, comprising a network of processing facilities, many with deep-water port access, supported by an extensive network of feeder yards from which to source recyclable ferrous and non-ferrous metals.
- Sims Recycling Solutions is the world’s largest publicly listed electronics recycler. Sims Recycling Solutions is a global e-recycling business, with established operations in the United Kingdom, Continental Europe and North America and a developing presence in the Asia-Pacific region and Africa. Sims Recycling Solutions offers a comprehensive and cost-effective recycling service for “end of life” and redundant electrical and electronic equipment and materials, ranging from product assessment to recycling.
- Sims Municipal Recycling receives household recyclables from municipalities such as New York City and Chicago. Moving forward, Sims Metal Management Municipal Recycling will make use of its resources and build on its experience to bring efficient and effective curbside recycling services to other municipalities across the US.
Sims Metal Management is the global leader in metals and electronics recycling.
Our leadership position has been built through an uncompromising commitment to safety, customer service and the expertise and loyalty of our extraordinary people.
Sims Metal Management today has over 270 locations on five continents, and over 6,600 magnificent employees. As the world's largest recycler with a relatively low emissions profile, our contribution to the global environment and sustainability is monumental. Sims Metal Management is one of the world's truly green companies.
Albert Sims, a Sydney-based recycled metals dealer, originally established Sims Metal Management in 1917, when he started to collect recyclables on a bicycle, before graduating to a horse and cart.
Eventually the horse and cart were replaced by trucks and mechanized equipment, and the business was incorporated as Albert G. Sims Limited in 1928 and was renamed Simsmetal Limited in 1968.
In 1970, it merged with Consolidated Metal Products Limited and the merged ASX-listed company was named Sims Consolidated Limited. In 1979, Sims Consolidated Limited was acquired by Peko-Wallsend Limited and subsequently delisted. Sims Consolidated Limited was then acquired by North Limited (previously known as North Broken Hill Holdings Limited, and then North Broken Hill Peko Limited) in 1988. In 1989, North Limited sold the business to Elders Resources NZFP Limited, a diversified resources company.
In 1990, Carter Holt Harvey Limited made a successful takeover bid for Elders Resources NZFP Limited and divested that company’s non-forestry businesses, which included Sims. Sims changed its name to Simsmetal Limited in 1990 and relisted on the ASX in 1991. In 2003, Simsmetal Limited changed its name to Sims Group Limited.
In 2008, prior to completion of the Metal Management merger, the company published its history, “90 Years of Recycling”, which can be accessed by the link below.
Sims Metal Management’s corporate strategy includes leading industry consolidation through acquisitions. Over a number of years, with experience gained from numerous international acquisitions, Sims Metal Management has established strict acquisition criteria, which require that any acquisition target holds the number one or number two market position, delivers access to domestic and international customers, offers a sound platform for future growth and, above all else, will likely enhance shareholder value. The acquisition criteria have underpinned Sims Metal Management’s strong track record of international expansion.
In October 2005, Sims Group Limited merged with the recycling businesses of Hugo Neu Corporation, a privately owned U.S. corporation. The merger created a new ASX listed company named Sims Group Limited, which is traded under the ASX code “SGM.”
Since the Hugo Neu merger, the company has continued to grow its metals recycling operations with a number of bolt-on acquisitions in Australia, North America and the United Kingdom.
In 2002, Sims Recycling Solutions was launched with the construction of an end-of-life refrigerator recycling plant in the United Kingdom. Since then, the business has expanded with the acquisitions in Europe, North America, India and Australia.
In 2008, Sims Group Limited and New York Stock Exchange-listed Metal Management, Inc. merged to create the world’s–as well as North America’s and Australasia’s–largest metals and electronics recycler. The company was renamed Sims Metal Management Limited at the company’s annual general meeting in 2008.
Today, Sims Metal Management, the world’s largest publicly traded metal and electronics recycler, has more than 270 facilities on five continents, including more than 50 subsidiaries as well as interests in several joint ventures.
Health and safety are our utmost priorities - this is non-negotiable and there are no exceptions. The safety and wellbeing of our staff, contractors and visitors is paramount. To ensure that we meet our high health and safety standards, we have a comprehensive and exhaustive health and safety policy endorsed by our Board of Directors.
Each operating division has its own committee, which monitors incidents, provides direction and works in conjunction with OH&S professionals. Every health and safety incident, no matter how large or small, is recorded within our comprehensive safety system. This allows us to analyse the possible causes of incidents and implement mitigation strategies to ensure that they are not repeated.
Health and safety is everybody's business at Sims Metal Management - it is a shared responsibility. Initiatives undertaken include peer-to-peer observational behaviour audits, continuous risk assessments, initial staff induction and ongoing Health and Safety training. We have also recently engaged DuPont Safety Resources to conduct an extensive review of our OH&S practices.
Our Lost Time Injury Frequency Rate – which is the number of lost time injuries recorded multiplied by one million and divided by the number of hours worked - for the Group dropped from 3.2 in fiscal 2010 to 2.7 in fiscal 2011. In addition, the number of Medically Treated Injury Frequency Rate (similarly defined) dropped from 14.2 in fiscal 2010 to 12.4 in fiscal 2011, making fiscal 2011 our safest year ever.
Sims Metal Management is committed to the community, supporting local educators, schools, charities, and community and environmental organizations throughout the world.
In fact, many of our employees live in the communities in which we are located, and our commitment to being a good neighbor shows through their actions. Whether it is organizing the local eCycle event, giving out water on a hot day to parade-goers, or even giving school supplies to the local elementary school, Sims Metal Management is dedicated to actively improving the local community.
Sims Metal Management is one of the greenest companies in the world. We were named to the Global 100 Most Sustainable Corporations in the World list at the 2012 World Economic Forum in Davos, Switzerland for the fourth year in a row, moving up 52 spots in the rankings to number 11. In fiscal 2011, our carbon footprint was 307,337 tonnes, a reduction of 2% on our fiscal year 2010, and roughly 2% of the 14.7 million tonnes of carbon emissions saved by using just the steel product that we recycle. In addition, Sims Metal Management has had a comprehensive environmental audit programme in place since 1991. Our internally developed intranet-based audit system has been widely recognised as being 'beyond best practice,' and allows our environmental progress to be tracked continuously.
Sims Metal Management is one of the greenest companies in the world, and was named to the Global 100 Most Sustainable Corporations in the World list at the 2012 World Economic Forum in Davos, Switzerland, for the fourth year in a row, moving up 52 spots in the rankings to number 11.
The Global 100 Most Sustainable Corporations in the World project was launched in 2005 to identify companies that consistently demonstrate superior leadership and performance on a wide range of key environmental, social and governance policies relative to their industry peers. Companies nominated under the Global 100 are considered better equipped than their competitors to thrive and succeed in the longer term due to their sustainable business approach across a wide range of issues, providing confidence to society and the investment sector alike.
Sims Metal Management is the only resource management or recycling company anywhere in the world to be included in this prestigious list, which is a testament to the company’s identification and effective management of the societal, environmental and governance factors impacting upon its business.