Russel Metals Inc.

Climate Impact & Sustainability Data (2023)

Total Carbon Emissions:54,260 tCO2e/year

Scope 1 Emissions:40,302 tCO2e/year

Scope 2 Emissions:13,958 tCO2e/year

Renewable Energy Share:0.07% of total energy use

Total Energy Consumption:817,937 GJ/year

Aggregate GHG emissions decreased by 546 tonnes CO2(e) or 1.0% from 2022. Over a 5-year period, revenues increased by 18% while aggregate GHG emissions decreased by 3.9%
Installation of rooftop solar photovoltaic system at Joplin, Missouri location, generating 30% of the facility’s electrical energy in 2023 and reducing Scope 2 emissions by approximately 60 tonnes CO2(e).

Awarded the MSCI Safety Culture Improvement Award for record low lost time incidents.
Implementation of Supplier Code of Conduct.
Diversity and Inclusion program with active involvement in AWMI and MSCI Diversity Committee.
Employee development initiatives including educational assistance program.
Charitable giving and community involvement with $500,000 donated in 2023.

Extensive governance practices and policies, including a Code of Business Conduct and Ethics, training program, and anonymous whistleblower program.
Strong performance relative to industry peers.
Adoption of a Board renewal policy and Director evaluation program.

Cyclicality of the metals distribution industry impacting GHG emissions.
Managing GHG emissions from increased revenue, tons sold, and additional facilities through acquisitions.

Modernizing fleet of vehicles to more fuel-efficient models.
Transitioning from propane lifts and loaders to electric models.
Optimizing utilities and resources through efficiency upgrades (LED lighting, efficient heating/AC units, new metal cutting technologies).
Performing energy assessments at high-emission locations.

Frameworks Used: TCFD, SASB

Certifications: LEED® -NC Silver (corporate headquarters)