Steel Dynamics Inc.
STLD.US | Manufacture of basic iron and steel
Steel Dynamics Inc. is one of the largest domestic steel producers and metals recyclers in the United States. The company operates electric arc furnace (EAF) steel mills, producing a diverse range of steel products, including hot rolled, cold rolled, and coated steel. Steel Dynamics also has a signi...Show More
Better Health for All
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Steel Dynamics Inc.'s core products, such as steel, have a neutral direct health impact. The company demonstrates a strong commitment to the health and wellness of its employees through various initiatives. It provides comprehensive mental health support, including Mental Health First Aid Certification, a wellbeing portal, and an Employee Assistance Program with licensed behavioral health professionals.
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The company also offers extensive preventative health measures for employees, such as disease prevention programs, biometric events, health challenges, tobacco cessation programs, and reminders for preventive services.
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Furthermore, Steel Dynamics provides comprehensive health education initiatives, including guidance on safe practices, onsite presentations, and a health blog.
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The Employee Assistance Program also offers resources for resolving substance abuse problems.
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For healthcare data, the company implements strong practices for protecting employee health information, including annual HIPAA training, non-disclosure policies, and a secure single sign-on system for occupational health nurses.
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Fair Money & Economic Opportunity
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Steel Dynamics Inc. is a steel producer and metals recycler. Its core business does not involve offering lending, deposit, or other financial services to consumers. Therefore, all KPIs related to fair money and economic opportunity, which are designed for financial institutions, are not applicable to the company's operations.
Fair Pay & Worker Respect
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The company's global employee retention rate was 79% in 2024
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, which translates to a voluntary turnover rate of 21%.
Fair Trade & Ethical Sourcing
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Steel Dynamics has a zero-tolerance policy against modern slavery, including human trafficking, forced labor, and child labor, which applies to all team members and suppliers.
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The company explicitly prohibits the use of child and forced labor by its suppliers.
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There are no reported incidents of forced or child labor.
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Steel Dynamics operates under a Code of Business Conduct and Ethics
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and expects its service providers to abide by a Supplier Code of Business Conduct.
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Honest & Fair Business
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No specific, quantifiable evidence was found in the provided articles for any of the KPIs related to Honest & Fair Business. Information regarding regulatory fines in the past three years, transparency index scores, whistleblower policies, financial restatements, audit coverage percentages, ESG controversy index scores, complaint resolution times, board conflict-free percentages, anti-corruption policies, or third-party verification of ethical claims was not explicitly stated or quantifiable according to the rubric's requirements.
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Kind to Animals
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The company, a steel producer and recycler, operates in a sector that does not inherently involve activities directly related to the 'Kind to Animals' ethical value, such as animal testing, animal agriculture, or the use of animal-derived ingredients. No specific, concrete evidence was found in the provided articles for any of the KPIs under this value, including cruelty-free certifications, alternative testing methods, humane certifications for operations, wildlife conservation impact with measurable species recovery, ethical substitution of animal inputs, animal welfare supplier audits, cage-free sourcing, animal testing policies or volume, innovation investment in animal-free technologies, animal agriculture ethics, animal-free R&D collaboration, or public policy engagement on animal welfare. Therefore, all KPIs are omitted due to lack of relevant data.
No War, No Weapons
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While one article noted no significant evidence of direct involvement in military contracts or weapon production, and that the company's core operations align with commercial sectors, this is not a quantifiable metric for any of the specific KPIs in the rubric.
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General statements about compliance with laws, a Code of Business Conduct and Ethics, or responsible sourcing policies for conflict minerals do not provide the specific percentages, frequencies, or explicit policy details required by the KPIs, nor do they explicitly address arms-related activities or peacebuilding initiatives.
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Planet-Friendly Business
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In 2023, Steel Dynamics' total Scope 1, 2, and 3 greenhouse gas emissions were 9,106,132 tCO₂e.
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The company has certified, science-based greenhouse gas emissions intensity targets for its steel mills, aligned with the Paris Agreement's 1.5°C scenario, including an interim 2030 target.
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As of Q1 2024, 15% of the company's steel mills' electricity usage is sourced from renewable energy through a power purchase agreement.
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In 2023, 82% of the raw materials used in electric arc furnaces were recycled ferrous scrap and internally produced iron.
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The company recorded two environmental compliance violations in 2023.
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Respect for Cultures & Communities
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No specific evidence was found in the provided articles to assess Steel Dynamics Inc. against any of the KPIs for the 'Respect for Cultures & Communities' value. The articles do not contain information regarding formal partnerships with community groups, specific percentages of revenue reinvested in local development, cultural appropriation incidents, cultural impact assessment protocols, local employment ratios, grievance mechanisms, FPIC participation, community governance inclusion, cultural preservation investments, local or indigenous procurement, cultural site protection actions, social license, charitable giving to cultural organizations, community fund allocation, language inclusivity, cultural incident response, or cultural sensitivity training completion. While the company's foundation provides grants for community development, no percentage of revenue or non-core revenue is specified, nor is a direct focus on cultural heritage organizations or local communities quantified.
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Safe & Smart Tech
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Steel Dynamics Inc. has reported no material cybersecurity incidents or significant expenses related to breaches over the past three years.
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Its cybersecurity risk management program, aligned with NIST standards, includes continuous network monitoring, complex password protocols, monthly training, and third-party security assessments.
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The company has integrated AI into its operations and implemented data governance policies, continuous monitoring, and validation processes to ensure AI model reliability and mitigate privacy and bias risks.
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Zero Waste & Sustainable Products
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Steel Dynamics Inc. demonstrates a strong commitment to circularity, with its steel products designed for 100% recyclability at end-of-life.
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The company operates an intentionally developed circular manufacturing model, integrating steel production, metals recycling, and steel fabrication, which effectively functions as a take-back program covering 100% of its primary output. In 2024, the average recycled content across its steel mills was approximately 87%.
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The company implements multiple waste reduction initiatives, including investing in separation technologies, reintroducing ferrous scrap, and partnering for slag reuse, and received the 2024 Sustainability Partner Award for its dedication to advancing zero waste initiatives.
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However, the company's overall waste diversion rate was 59% in 2024.
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Furthermore, Steel Dynamics received two waste disposal violations in 2024, one for hazardous waste and one for solid waste, indicating areas for improvement in hazardous waste management.
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