Radius Recycling, Inc..
RDUS.US | Materials recovery
Radius Recycling, Inc., formerly Schnitzer Steel Industries, Inc., is a metals recycling company with operating facilities located in 25 states, Puerto Rico, and Western Canada. The company processes ferrous and nonferrous scrap metal for use by steel mills and foundries. It also manufactures finish...Show More
Better Health for All
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No evidence available to assess Radius Recycling, Inc. on Better Health for All.
Fair Money & Economic Opportunity
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No evidence available to assess Radius Recycling, Inc. on Fair Money & Economic Opportunity.
Fair Pay & Worker Respect
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Radius Recycling's CEO-to-median employee pay ratio was 61:1 in Fiscal Year 2024, based on a CEO compensation of $4,927,805 and a median employee compensation of $80,890.
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Fair Trade & Ethical Sourcing
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No specific quantitative data was found in the provided articles for any of the KPIs related to fair trade and ethical sourcing. While the company mentions a Supplier Code of Conduct, a commitment to responsible sourcing of materials including conflict minerals, and a human rights policy, these do not provide the specific metrics required by the rubric, such as percentages of certified spend, audit frequencies, incident numbers, traceability coverage, remediation speeds, or supplier diversity spend.
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The information about 100% of employees and board members completing Code of Conduct training relates to internal compliance, not supplier contracts or ethical sourcing clauses.
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Honest & Fair Business
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Radius Recycling incurred $625,000 in ethics-related regulatory fines within the past three years, including a $100,000 financial penalty in 2024 with the Oregon Department of Environmental Quality and a $525,000 penalty paid in 2023 to the California Office of the Attorney General.
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The company has a comprehensive anti-corruption program that includes detailed due diligence for most non-U.S. or Canadian suppliers, third-party vetting and monitoring, and a prohibition against bribery and facilitation payments.
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For its whistleblower policy, Radius operates a 24/7, multi-lingual, confidential misconduct reporting hotline, accessible via phone and website, which allows for anonymous reporting and has a strict zero-tolerance policy against retaliation.
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The company has been named one of the World’s Most Ethical Companies by the Ethisphere Institute for ten consecutive years, receiving Compliance Leader Verification and Anti-bribery Program Verification designations since 2013.
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Radius has not had any financial restatements indicated in the provided articles.
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The board consists of at least a majority of independent directors who meet or exceed NASDAQ requirements, with a stated suitable size of seven to nine directors.
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Kind to Animals
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No information regarding Radius Recycling, Inc.'s practices, policies, or performance related to animal welfare, animal testing, animal-derived ingredients, habitat conservation, or ethical sourcing was found in the provided articles.
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The articles focus on general recycling programs and waste management initiatives, without specific data points for the company or the 'Kind to Animals' value.
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No War, No Weapons
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No evidence available to assess Radius Recycling, Inc. on No War, No Weapons.
Planet-Friendly Business
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No evidence available to assess Radius Recycling, Inc. on Planet-Friendly Business.
Respect for Cultures & Communities
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The provided articles do not contain specific, quantitative data points for any of the KPIs related to Respect for Cultures & Communities. While general commitments to community engagement, charitable giving, and human rights are mentioned, there is no concrete evidence regarding formal partnerships with indigenous or local community groups, percentage of revenue reinvested locally, cultural appropriation incidents, cultural impact assessment protocols, local employment ratios, coverage of community-specific grievance mechanisms, complaint resolution times, FPIC participation rates, community governance inclusion, cultural preservation investment, local procurement share, indigenous supplier count, cultural site protection, social license to operate, charitable giving to cultural heritage organizations, community fund allocation, language inclusivity, cultural incident response, or cultural sensitivity training completion rates.
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Safe & Smart Tech
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Radius Recycling reports that no material cybersecurity incidents have affected the company to date.
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The company employs a layered cybersecurity approach, modeled on the NIST framework, which includes a 24/7 Security Operations Center, advanced vulnerability and incident management, and employee training programs.
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Security awareness campaigns, including phishing simulations, are conducted.
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The company's Code of Conduct emphasizes limiting the collection of personal information to necessary amounts and adherence to all applicable laws and regulations.
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The Board of Directors oversees the enterprise risk management program, including cybersecurity, with the Audit Committee ensuring processes are in place to identify, evaluate, and manage these risks.
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An incident response plan is established, requiring prompt notification of the CEO and the Information Security and Privacy Executive Committee (ISPEC).
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Zero Waste & Sustainable Products
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Radius Recycling reported recycling over 98% of material received in FY24.
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Its finished steel products contain 95.4% recycled content.
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The company has a Supplier Code of Conduct in place.
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The company targets a 35% reduction in Scope 1 and 2 GHG emissions from recycling operations by FY28, with a 30% reduction achieved in FY24.
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However, these are not specific waste reduction targets. The company reported no waste disposal violations in its FY24 sustainability report.
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Conversely, Radius Recycling was fined $575,000 for air quality violations in 2022 and faced criminal charges for a scrap metal heap fire in August 2023.
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It also settled three prior lawsuits for $2.2 million in 2023 related to stormwater runoff violations and is currently facing another lawsuit for Clean Water Act violations due to heavy metals and oils exceeding permit limits at four facilities.
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The EPA also issued an Administrative Order on Consent in January 2025 for Clean Water Act violations at its Oakland facility due to wastewater discharge exceeding permit limits for zinc, copper, and acute water toxicity.
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