We often get asked by investors some common questions about the companies we invest in: do these companies care at all about Environmental, Social & Governance (ESG) risks and ethical investing? If they did care, what impact can Morphic have? Has any company made any changes based on what you thought? Do they listen to investors’ feedback?
These are valid and understandable concerns investors have, as there is a sense of frustration in the community with a perception that companies are reluctant to act on issues ranging from climate change to corporate governance best practice and they sometimes seem more focussed on hiring Public Relations staff than actually changing their behaviour.
Sims Metal Management (ASX: SGM) is probably one of the most important companies you have never heard of. They are one of the largest recyclers in the world and recycle around 10 million tons per annum of metal scrap; metal that would have otherwise gone to landfill. If you live in New York, the garbage that you put into your rubbish bin is collected by Sims, sorted and recycled. Sims Metal Management plays an intrinsic role in the circular economy by making resources available for future use – in fact, Sims Metal Management is the world leader in metal and electronics recycling …