Ryerson
Climate Impact & Sustainability Data (2021)
Reporting Period: 2021
Environmental Metrics
Total Carbon Emissions:98,000 tCO2e/year (2021)
Scope 1 Emissions:67,610 tCO2e/year (2021)
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:0%
Total Energy Consumption:66,466,500 MWh/year (2021)
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Diversity, Equity, and Inclusion (DEI)
- Energy and Emissions
- Talent and Future Workforce
- Circular Economy and Sustainable Products
- Data Security
Environmental Achievements
- Recycled 78,000 tons of metal back into the circular economy in 2021
- Achieved a 2021 OSHA rate lower than the industry average.
- Developed carbon calculators to estimate emissions for Ryerson and its customers.
Social Achievements
- Established a DEI council in 2020 to accelerate diversity and inclusion.
- Established a Talent Management Office (TMO) in 2021 to focus on recruitment, development, and retention of a more diverse workforce.
- Launched a new parental leave program in 2021 to promote work-life balance and gender equality.
- Ryerson Gives Back program resulted in 4,770+ volunteer hours and 170+ events in 2022.
- Improved employee turnover rate year-over-year to 15.4% in 2021 (11.3% voluntary).
Governance Achievements
- Established an ESG committee in 2022.
- Amended Corporate Governance Guidelines and NCGC Charter to include DEI considerations.
- Achieved over 90% completion rate for ethics and compliance training in 2021.
- Maintained a confidential hotline for reporting concerns.
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Reduce Scope 1 and 2 emissions by 80% by 2040.
Short-term Goals:
- Not disclosed
Environmental Challenges
- Reducing Scope 1 and 2 emissions (primarily from diesel trucks, electricity, and natural gas usage).
- Maintaining data security in the face of increasing cyberattacks.
Mitigation Strategies
- Developing a long-term plan to reduce Scope 1 and 2 emissions by 80% by 2040.
- Installing LED light fixtures.
- Utilizing Ryerson Intelligent Operating System (RIOS) and Ryerson Operations Analytics Data Network (ROAD) to optimize supply chain and decrease energy consumption.
- Implementing comprehensive cybersecurity policies, procedures, and processes.
- Regularly updating and testing Business Continuity Plans and Disaster Recovery processes.
Supply Chain Management
Supplier Audits: Annual certifications with 100 largest suppliers (90% of supply); third-party compliance partner monitors compliance.
Responsible Procurement
- Code of Ethics, Human Rights Policy, anti-bribery, and anti-corruption policies; annual supplier certifications confirming compliance.
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: SASB (Iron and Steel Producers Industry and Multiline and Specialty Retailers & Distributors Industry)
Certifications: ISO 90001:2015
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- AWMI Cornerstone Award (2019)