Sustainability is at the core of our business; it is a path for us to achieve our purpose: create a world without waste to preserve our planet. For more than 100 years, Sims Limited has been at the center of the circular economy by recovering and recycling products and materials to generate maximum value and minimise waste.
Each year, Sims Limited helps divert millions of tonnes of secondary materials from landfills. These discarded materials are sorted and then refurbished, parts harvested, or recycled to make new products. Sims is an enabler of the circular economy by keeping resources in use as long as possible.
By diverting millions of tonnes of secondary materials from landfill each year, Sims is directly reducing the need to extract virgin raw materials and as such effectively fighting climate change. Most secondary materials require significantly less energy to transform into products than primary ones (Source: https://www.eia.gov/), that is why the circular economy and climate change are inextricably linked while also protecting our world’s natural resources. With only nine percent of our world resources currently being recovered, circular business models need to thrive in order to deliver on climate change goals. Sims is at the center of the circular economy and in a great position to continue to drive this opportunity.
Strategic Growth and Sustainability Strategies
Our purpose to create a world without waste to preserve our world is the basis used to developed our strategic growth and sustainability strategies. Every single target of our growth strategy is embedded in our sustainability framework. This makes our sustainability framework relevant to the company, as well as creating a higher level of accountability that clearly aligns sustainability with our long-term success.
We are strengthening our commitment to sustainability by supporting three of the 17 United Nations Sustainable Development Goals:
- Decent Work and Economic Growth
- Responsible Consumption and Production
- Climate Action
By operating responsibly, we uphold responsible and ethical business practices. In doing so, we ensure that our foundation is strong – and we are only as strong as our internal equity: people. Closing the loop is what we do best. We help many organizations close their material loops, but we want to do even more by extracting more value from the secondary materials we get and by closing our own material loop. Partnering for change is the only way to amplify our impact and create shared value.
As the world faces growing global challenges of waste management and resource scarcity, one could make an even stronger business case for the recovery of resources. Sims Limited knows that the circular economy goes beyond recycling; it’s rescuing the past to ensure the future. As a result, we are expanding higher value services in the circular economy, continuing to invest in innovative technologies that allow us to extract more value from inputs and entering new business adjacencies to redefine waste.