Reliance Steel & Aluminum Co.
Climate Impact & Sustainability Data (2020)
Reporting Period: 2020
Environmental Metrics
Total Carbon Emissions:123,000 metric tons (2020)
Waste Generated:430 million pounds of recycled scrap (2020)
ESG Focus Areas
- Health and safety
- Environmental impact
- Community engagement
- Employee well-being
Environmental Achievements
- Reduced GHG emissions from 133,000 metric tons in 2018 to 123,000 metric tons in 2020 (Note: 2020 reduction attributed to decreased demand due to COVID-19)
- Reintroduced 430 million pounds of recycled scrap material into the manufacturing life cycle in 2020
- Installed natural and energy-efficient lighting and solar panels in many operations
- Utilized energy-efficient diesel tractors and implemented truck routing technology to reduce emissions
Social Achievements
- Reduced Total Recordable Incident Rate (TRIR) from 2.86 in 2018 to 1.86 in 2020 (significantly lower than the 2019 U.S. BLS average of 3.7)
- Implemented a peer-to-peer “SMART Safety” Program and a “Keep It Personal” program to improve safety performance
- Heightened health and safety standards during COVID-19, including remote work options, social distancing measures, and employee assistance
- Supported a non-profit training veterans in advanced manufacturing skills
- Engaged in community events and initiated the “Reliance Cares” employee relief fund
Governance Achievements
- Actively engaged with ESG ratings agencies
- Acquired software and initiated data gathering for internal benchmarking and monitoring improvements
- Enhanced disclosure on human capital management
- Defined internal ESG resources
Climate Goals & Targets
Environmental Challenges
- COVID-19 pandemic impact on demand for products and services
- Economic downturn impacting customer demand
- Global microchip shortages affecting certain end-markets
Mitigation Strategies
- Proactively reduced expenses, including facility closures
- Cautiously optimistic outlook for demand improvement based on customer feedback
- Downsized certain operations to maintain profitability
- Heightened health and safety standards during COVID-19