Gerdau S.A..
GGB.US | Manufacture of basic iron and steel
Gerdau S.A. is a Brazilian multinational steelmaker. It is one of the largest steel producers in Latin America and a major supplier of long steel in the Americas and of special steel in the world. Gerdau operates steel mills that produce a wide range of steel products, including carbon steel, alloy ...Show More
Better Health for All
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Gerdau's core steel products have no direct health impact on end-users, and the company does not offer health-related products or services requiring accessibility or specific health risk disclosures. The company has a record of environmental violations related to air and water pollution, hazardous waste, and solid waste, which can negatively impact public health, accumulating nearly $3 million in penalties since 2000.
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However, Gerdau reports being among the lowest GHG emitters in the global steel industry, with emissions around half the global average.
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Gerdau demonstrates strong support for mental health, with its +Care program providing 4,286 support sessions in 2024, including psychological counseling, and reportedly saving 11 lives.
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Other programs like Mental Health Coaching and Well-Being Seeders show high employee satisfaction.
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The company maintains industry-leading healthcare data responsibility through an independently certified personal data protection program, ensuring compliance with regulations and secure handling of health information by authorized professionals.
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During public health emergencies, Gerdau exhibited exceptional crisis response capabilities, investing over R$30 million in COVID-19 related actions between 2020 and 2021, donating over 200,000 PPE items, more than 48,000 food/hygiene kits, and distributing 5,133 oxygen concentrators for public health systems.
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The company's safety record pertains to occupational safety for its employees and contractors, not user harm from its products. While Gerdau engages in significant social investments, including hospital construction and support for vulnerable populations, these are philanthropic efforts or general social development, not direct health equity programs or healthcare workforce support.
Fair Money & Economic Opportunity
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Gerdau S.A. is a steelmaking company, and its core business does not involve lending, insuring, moving, or storing money for consumers. The provided articles focus on Gerdau's sustainability initiatives and community engagement, primarily environmental strategies and general community partnerships, not financial services or lending practices. Therefore, all KPIs related to financial products, services, or customer financial data are scored 0 as 'not applicable' because the company does not operate in the financial sector. No evidence was found to score the 'profit_reinvestment' KPI in the context of community finance or profit-sharing with underserved communities.
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Fair Pay & Worker Respect
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In 2024, 98.1% of employees were covered by collective bargaining agreements.
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The Total Recordable Incident Rate (TRIR) for direct employees was 5.00 in 2024, with zero fatalities reported for direct employees in 24 months.
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The employee opinion survey in 2024 showed an approval rating of 75%.
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The company also reported a talent retention rate of 95%, indicating a voluntary turnover rate of 5%.
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Fair Trade & Ethical Sourcing
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No evidence available to assess Gerdau S.A. on Fair Trade & Ethical Sourcing.
Honest & Fair Business
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Gerdau S.A.'s board has 3 independent members out of 7 total
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, representing approximately 42.86% of the board
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. The company has a published Anti-Corruption Policy that comprehensively defines bribery, corruption, fraud, money laundering, politically exposed persons (PEPs), public agents, and related parties
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. This policy provides guidelines for employees and third parties
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, prohibits donations and political contributions
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, and includes specific guidelines for business partners
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. It is supported by internal controls (3 lines of defense)
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, SOX certification
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, an Integrity Program
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, an Ethics Helpline
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, a no-tolerance stance on retaliation
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, and disciplinary sanctions up to termination
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. Additionally, Gerdau provides an Ethics Helpline available on its Intranet and Internet
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, guaranteeing confidentiality and no retaliation for whistle-blowers
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, though evidence of independent investigation processes is not provided.
Kind to Animals
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No data relevant to the 'Kind to Animals' ethical value for Gerdau S.A. (GGB.US) was found in the provided articles. The articles explicitly state that no data related to animal welfare, testing, or sourcing practices is present.
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No War, No Weapons
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No evidence available to assess Gerdau S.A. on No War, No Weapons.
Planet-Friendly Business
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Gerdau Ameristeel was cited for over 30 environmental regulation violations in 2015 and 2016.
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, leading to a $110,000 penalty
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and approximately $123,000 in total fines over the past 10 years.
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The company's short, medium, and long-term carbon performance is aligned with a 1.5-degree pathway.
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Gerdau aims for carbon neutrality by 2050
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and has a target to reduce carbon emissions by 20% by 2030.
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The company invested R$1.3 billion in the Barro Alto Solar Park, which is expected to reduce CO2 emissions by 65,000 tCO₂e annually.
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Gerdau has received an A- rating from CDP Climate Change
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and is recognized by the World Steel Association for its greenhouse gas emission intensity.
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Respect for Cultures & Communities
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Gerdau has over 20 formal partnership agreements with local community groups, including 19 cooperatives and 427 cooperatives involved in Prolata, and partnerships with four specific institutes.
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The company has grievance mechanisms available to local communities and external stakeholders
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, and 100% of its operations have implemented engagement processes and development programs focused on local communities.
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Gerdau actively protects cultural sites, funding the MM Gerdau Museum
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and investing R$ 800,000 to restore a municipal school in Miguel Burnier.
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The company has proactive prevention and rapid response frameworks for cultural incidents, supported by 99.8% of employees completing Code of Ethics and Conduct training, which includes anti-corruption, and mandatory Inclusive Leadership, Unconscious Bias, and Harassment training.
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In 2024, Gerdau invested R$ 15 million in local revitalization and maintenance initiatives in Miguel Burnier
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, representing 13.57% of its R$ 110.5 million social projects.
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However, its R$ 110.5 million social investment represents only 0.16% of its R$ 67 billion net revenue
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, and R$ 800,000 donated to cultural heritage organizations represents 0.00119% of its net revenue.
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Safe & Smart Tech
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The provided article lists "Cybersecurity breaches" as a risk factor under the "Tech & Innovation" category.
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However, this is a forward-looking statement about potential risks and does not provide any specific, concrete data points regarding actual data breaches, their severity, frequency, the company's response, or any other information relevant to the Safe & Smart Tech KPIs. No other information in the article is relevant to the defined KPIs.
Zero Waste & Sustainable Products
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Gerdau's steel production in 2018 utilized 73% scrap as the main raw material.
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Additionally, over 93% of the company's co-products are reused in other production chains.
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