SOURCE: Sims Metal Management

Sims Recycling Solutions U.S.

December 18, 2013 19:16 ET

Sims Metal Management Recognized as Being One of the 120 Most Responsible Companies in the World

Euronext Vigeo Indices Includes Sims on List of 120 Most Advanced Companies at the Global Level

NEW YORK, NY--(Marketwired - December 18, 2013) - Sims Metal Management, the world's largest publicly listed metals and electronics recycler was included on the NYSE Euronext (NYX) and Vigeo list of the global 120 most advanced companies in terms of performance in corporate responsibility. These lists are put together by NYSE Euronext, referred to as the world's largest exchange group, and Vigeo, the leading European expert in responsible performance. This is the second consecutive year that Sims Metal Management has been included on this list.

Vigeo assesses and rates the performance of companies based on 38 criteria, divided into six key areas of corporate environmental, social and governance responsibility. They are designed to identify and measure the performance of companies who are committed to the long-term protection of our environment, to developing constructive relationships with all stakeholders, and to promoting respect for human rights. Vigeo's reputable benchmarks have been built around universally recognized standards drawn from the United Nations, International Labour Organization (ILO) conventions and treaties, and from the Organisation for Economic Co-operation and Development (OECD) guidelines.

"It's an honor to be recognized for our performance in corporate responsibility at this level," stated Peter Netchaef, Global Director of Sustainability for Sims Metal Management. "Sims Metal Management has for many years pursued the full integration of operational and financial aspects under our sustainability agenda, and it is pleasing that analysts and investors alike recognize the importance of these efforts and the positive impact it has on managing corporate risk and become a better company."

Sims Metal Management has a corporate commitment to measure and report sustainability performance in energy use, CO2 emissions, water consumption, waste generation, key health and safety indicators, employee numbers and training.

Sims Metal Management

Sims Metal Management is the world's largest listed metal and electronics recycler with approximately 270 facilities and 6,300 employees globally. During fiscal year 2013 the Company generated approximately 63% of its revenue from operations in North America. The Company's ordinary shares are listed on the Australian Securities Exchange (ASX: SGM) and its ADRs are currently listed in the United States on the OTC Markets (OTCQB: SMSMY). Please visit our website ( for more information on the Company and recent developments.

Cautionary Statements Regarding Forward-Looking Information
This release may contain forward-looking statements, including statements about Sims Metal Management's financial condition, results of operations, earnings outlook and prospects. Forward-looking statements are typically identified by words such as "plan," "believe," "expect," "anticipate," "intend," "outlook," "estimate," "forecast," "project" and other similar words and expressions.

These forward-looking statements involve certain risks and uncertainties. Our ability to predict results or the actual effects of our plans and strategies is subject to inherent uncertainty. Factors that may cause actual results or earnings to differ materially from these forward-looking statements include those discussed and identified in filings we make with the Australian Securities Exchange and the United States Securities and Exchange Commission ("SEC"), including the risk factors described in the Company's Annual Report on Form 20-F, which we filed with the SEC on 16 October 2013.

Because these forward-looking statements are subject to assumptions and uncertainties, actual results may differ materially from those expressed or implied by these forward-looking statements. You are cautioned not to place undue reliance on these statements, which speak only as of the date of this release.

All subsequent written and oral forward-looking statements concerning the matters addressed in this release and attributable to us or any person acting on our behalf are expressly qualified in their entirety by the cautionary statements contained or referred to in this release. Except to the extent required by applicable law or regulation, we undertake no obligation to update these forward-looking statements to reflect events or circumstances after the date of this release.

All references to currencies, unless otherwise stated, reflect measures in Australian dollars.

Contact Information

  • For investor and media inquiries contact:
    Todd Scott
    Group Vice President of Investor Relations
    61 4 0960 0352