Radius publishes FY24 sustainability report

Radius Recycling Inc. has released its sustainability report for the 2024 fiscal year.

The Portland, Oregon-based metals recycler says its report shows progress toward its multiyear sustainability goals, including a 30 percent reduction in greenhouse gas emissions at recycling operations versus its 2019 baseline, a 16 percent year-over-year reduction in total case incident rate and the expansion of its International Organization for Standardization- (ISO-) certified environmental management system to encompass 50 percent of company facilities.

“Nearly 10 years ago, we created a sustainability framework based on three pillars: people, planet and profit,” Radius Chairman and CEO Tamara Lundgren says. “This framework is the foundation of our sustainability strategy and continues to deliver meaningful impact to all our stakeholders.

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“Our achievements this year would not have been possible without all our employees living our core values of safety, sustainability and integrity and operating with the agility, resilience and collaboration that have underpinned our success. I take great pride in highlighting our company’s achievements and the steady progress we are making toward our goals.”

Radius says it diverts millions of tons of ferrous and nonferrous metals from landfills annually, supplies recycled metals to domestic and international customers and produces low-carbon finished steel products.

“Our commitment to sustainable practices is embedded in our product and service offerings, daily operations, infrastructure investments and stakeholder engagement activities,” says Chief Sustainability Officer Eric Potashner. “The benefit of our work has a lasting impact on our communities, the planet and future generations.”

The company highlights a number of statistics from  its sustainability report:

• Radius recycled 4.9 million metric tons of ferrous and nonferrous metals and sold 3.8 million recycled auto parts and 509,000 tons of low-carbon finished steel products.
• Ninety percent of company facilities were free of any lost time injuries.
• Radius maintained 100 percent net carbon-fee electricity across company recycling operations for the fourth consecutive year.
• The company expanded its 3PR portfolio to support the rapidly growing and important service and supply chain solution that enables greater recycling rates, reductions in material going to landfill, an improved carbon footprint and enhanced sustainability reporting.
• Radius increased employee participation in the company’s 401(k) matching benefit program to 70 percent.
• The company donated more than 1,300 employee volunteer hours across 23 states.

Radius also highlights several accolades it received during the 2024 fiscal year centered around its performance in sustainability, ethics, responsible operations and employee engagement. The Corporate Knights included Radius on its Global 100 list of the 2024 Most Sustainable Corporations in the World; the Ethisphere Institute recognized Radius as one of the 2024 World’s Most Ethical Companies for the 10th straight year; and the company was recertified as a Great Place to Work for the fourth consecutive year.

Radius operates facilities in 25 states, Puerto Rico and western Canada and operates 50 stores that sell serviceable used auto parts from salvaged vehicles. The company’s steelmaking operations produce items such as rebar, wire rod and other specialty products.