A Pioneer of Sustainable Solutions
Commercial Metals Company was founded on the principles of sustainability in 1915. As the company expanded from a single metal recycling facility in Dallas, Texas, we naturally incorporated sustainable business practices into our growth strategy. Since melting our first heat of steel in the 1960s, we have manufactured products using recycled scrap metal and Electric Arc Furnace (EAF) technology, which is far more efficient than traditional blast furnace technology, using 80% less energy and producing 60% less CO2 per ton of steel than the industry average.
CMC was the first steel manufacturer to adopt the vertical integration model. With over 50 metals recycling centers, 7 EAF mini mills, 2 EAF micro mills, a rerolling mill and over 100 downstream manufacturing locations, CMC is aligned to contribute to the circular economy.
While some are changing their processes to become “more green”, we are doing what we were built to do - at CMC, we’re naturally green and naturally sustainable. CMC is proud of our sustainable history and environmental achievements and we continue to investigate resource efficiencies to drive value and reduce impact.
About our sustainability report
We are committed to being good corporate citizens, which includes being considerate of ESG issues and stakeholder concerns in all areas of our operations. Our stakeholders range from our own employees to investors, customers, suppliers and local communities. In this reporting cycle, we completed a materiality assessment update to refocus and reconfirm our sustainability reporting topics in line with external stakeholder expectations and industry best practice.
Our 2019-2020 Sustainability Report provides information on the most relevant ESG topics for our business, our sustainability strategy, how we identify and assess emerging sustainability risks and the progress we are making on our sustainability priorities. It has been prepared in accordance with the Global Reporting Initiative (GRI) Standards: Core option; and references the Sustainability Accounting Standards Board (SASB) Iron & Steel Producers Standard and recommendations from the Taskforce on Climate-Related Financial Disclosures (TCFD). We provide GRI, SASB and TCFD Content Indices at the back of the report to help stakeholders find information relevant to their needs.
We encourage you to explore what we are doing from an Environmental, Social and Governance perspective, as described throughout the report.