Reliance Steel & Aluminum

No leading practices were identified in the governance and strategy area.

No leading practices were identified in the ecosystems and biodiversity area.

No leading practices were identified in the social inclusion and community impact area.

Sustainability strategy and accountability
Reliance Steel & Aluminum discloses its process for identifying and prioritising its most relevant sustainability impacts as well as the outcome of this process, in relation to its sustainability strategy. However, the company does not disclose group-wide targets on key sustainability topics for the most material parts of its value chain. The company also does not disclose having individuals, teams or committees within the company responsible for the implementation of its sustainability strategy. It does not report whether it assigns decision-making and oversight responsibility for its sustainability strategy to the highest governance body. No evidence was found that Reliance Steel & Aluminum links performance criteria in senior executives’ remuneration policies to targets and objectives which cover nature, including biodiversity, and social issues. Furthermore, the company does not disclose whether its highest governance body has expertise regarding nature-related topics.

Stakeholder engagement
Reliance Steel & Aluminum does not disclose how it engages with stakeholders, nor the issues it raises during such activities.

Lobbying
Reliance Steel & Aluminum does not report on its lobbying and advocacy practices on nature-related issues, nor whether these activities align with its sustainability strategy.

Impact and dependencies assessment
Reliance Steel & Aluminum has not holistically assessed its impacts or how it depends on nature, including biodiversity. It has an opportunity to start such an assessment across its value chains, focused on quantification of its impacts or dependencies.

Key areas and species
The company does not disclose key species or areas important for biodiversity affected by its operations or suppliers. It has an opportunity to increase its transparency.

Ecosystem conversion and restoration
No evidence was found regarding Reliance Steel & Aluminum ‘s efforts to avoid ecosystem conversion, including deforestation, or promote restoration. The company has an opportunity to develop a strategy and publicly report on specific, time-bound targets.

Resource exploitation and circularity
No evidence was found regarding Reliance Steel & Aluminum ‘s efforts to work towards a circular economy or which organisms it exploits. The company has an opportunity to develop a strategy and publicly report on specific, time-bound targets. The company does not disclose efforts to improve soil health.

Water
Reliance Steel & Aluminum does not disclose relevant information related to water, in its operations or supply chains.

GHG emissions
While Reliance Steel & Aluminum discloses a decrease in its emissions intensity, it demonstrates an increase in its scope 1 and 2 emissions The company has a strong opportunity to disclose a scope 1 and 2 emissions target aligned with a 1.5-degree trajectory. No evidence that Reliance Steel & Aluminum reduces its scope 3 emissions was found. The company has an opportunity to disclose a scope 3 emissions target is aligned with a 1.5-degree trajectory was found.

Invasive species 
The company has not identified any activities that could lead to the introduction of invasive alien species in its own operations.

Safe, clean, healthy and sustainable environment
The company does not disclose a commitment to respecting local communities’ right to a safe, clean, healthy and sustainable environment or to zero tolerance for acts of violence, threats, intimidation or judicial harassment committed against land and environmental rights defenders.

Indigenous Peoples’ and land rights
Reliance Steel & Aluminum does not disclose a commitment to respecting Indigenous Peoples’ rights or land rights of local communities.

The company has an opportunity to describe a comprehensive process for identifying its human rights risks and impacts across all its activities, especially through its business relationships. The company has an opportunity to describe a process for assessing the human rights risks it has identified and to disclose what it considers to be its salient human rights issues. A description of this process would include how relevant factors are considered, such as geographical, economic and social factors. No evidence was found that the company has a global system to act on its salient human rights issues. While the company discloses the categories of stakeholders it engages with generally on sustainability issues, it is not clear if these stakeholders are those whose human rights have been or may be affected by its activities. No evidence that the company provides examples of its engagement with stakeholders whose human rights have been or may be affected by its activities was found.

The company has a publicly available policy statement which shows it is committed to respecting the health and safety of workers. The company provides a publicly available policy statement commitment to protecting the health and safety of its suppliers and service providers, however, it does not provide publicly available statement of policy that expects its business relationships to commit to respecting the health and safety of their workers. The company has an opportunity to disclose a time-bound target for paying all workers a living wage or that it has achieved paying all workers a living wage. The company has an opportunity to describe how it determines a living wage for the regions where it operates. The company discloses the proportion of its total direct operations workforce covered by collective bargaining agreements. No evidence that the company describes how it works to support the practices of its suppliers in relation to freedom of association and collective bargaining was found.

The company has an opportunity to publish a global tax strategy and should assign responsibility for this strategy to an executive-level individual or body. The company has an opportunity to disclose a policy on bribery and corruption and its processes for identifying and addressing bribery and corruption. The company provides publicly available policy statements related to its political engagement approach, also, it states that company may be member of various trade associations and may advocate on public issues, also, its employees who engage in lobbying activities, must report all such activities and any related expenditures to the corporation’s general counsel. However, advocating via trade associations is part of lobbying activites, it is insufficient for lobbying approach. No evidence that the company has a publicly available policy statement that specifies that it does not make political contributions was found.