Sims Ltd

Common Name
Sims
Country
Australia
Sector
Basic Materials
Industry
Steel
Employees
3,887
Ticker
SGM
Exchange
ASX
Description
Sims Limited is a prominent player in the global metal recycling industry. Founded in 1917 and headquartered in Sydney, Australia, the company specializes in the collection, processing, and sale of fe...

Sims's GHG Emissions Data Preview

In 2024, Sims completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy), and Scope 3 (indirect emissions across the value chain).

Sims has also provided a category-level breakdown for 10 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Sims's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Sims amounted to 145.9 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).

Compared to 2023, the total operational greenhouse gas (GHG) emissions of Sims decreased by 1.55%, showing that the company has made progress in taking action to reduce the climate impact of its operations.

Sims's Scope 1 Emissions Over Time

202020212022202320240255075100tCO2e-5%+12%+1%-2%
  • Total Scope 1
  • Year-over-Year Change

What are Sims's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Sims were 79.6 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has Sims reduced its Scope 1 emissions over time?

Since 2020, Sims's Scope 1 emissions have increased by 4.6%, reflecting a rising long-term trend in Scope 1 emissions over time.

Compared to the previous year (2023), Sims's Scope 1 emissions decreased by 2.33%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.

What are Sims's Scope 2 emissions?

In 2024, Sims reported Scope 2 greenhouse gas (GHG) emissions of 22.8 tCOâ‚‚e using the market-based method, and 66.3 tCOâ‚‚e using the location-based method.

Has Sims reduced its Scope 2 emissions over time?

Since 2020, Sims's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have remained relatively stable, indicating that Sims 's emissions have plateaued with no significant change in its energy consumption footprint.

Compared to the previous year (2023), Sims's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Sims 's emissions have plateaued with no significant change in its energy consumption footprint.

What methodology does Sims use for Scope 2 reporting?

In 2024, Sims reported its Scope 2 emissions using the market-based method and using the location-based method.

Sims's Scope 2 Emissions Over Time

20202021202220232024020406080tCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Sims's Value Chain Emissions

In 2024, Sims reported 7,916.3 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2024 disclosure of Sims includes a breakdown across 8 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.

Sims's Scope 3 Emissions Over Time

202120222023202402 k4 k6 k8 ktCO2e+4%+90%+6%
  • Total Scope 3
  • Year-over-Year Change

What are Sims's Scope 3 emissions?

In 2024, Sims reported total Scope 3 emissions of 7,916.3 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Approximately 13.79% of these emissions originated from upstream activities such as purchased goods and capital goods, while 86.21% came from downstream activities like product use, distribution, and end-of-life treatment.

Compared to the previous year (2023), Sims's Scope 3 emissions remained relatively stable, indicating that Sims 's emissions have plateaued with no significant change in its value chain footprint.

What categories of Scope 3 emissions does Sims disclose?

In 2024, Sims reported emissions for 8 out of the 15 Scope 3 categories defined by the GHG Protocol.

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of Sims's Scope 3 emissions?

In 2024, the largest contributors to Sims's Scope 3 emissions were:

  • Processing of Sold Products (Cat. 10): 3,447 tCOâ‚‚e (43.54%)
  • Use of Sold Products (Cat. 11): 3,330.5 tCOâ‚‚e (42.07%)
  • Upstream Transportation and Distribution (Cat. 4): 859.1 tCOâ‚‚e (10.85%)

Sims's Scope 3 Emissions by Categories

UpstreamTransportation andDistribution(Cat. 4)(10.9%)Processing of SoldProducts (Cat. 10)(43.5%)Use of Sold Products(Cat. 11)(42.1%)

Insights into Sims's Total Carbon Footprint

In 2024, Sims reported a total carbon footprint of 8,062.2 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 5.69% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.

The largest contributor to Sims's total carbon footprint was Scope 3 emissions, accounting for 98.19% of the company's total carbon footprint, followed by Scope 1 emissions at 0.99%.