We’re going ‘round the Bloom portfolio and have lined up a webinar with Sims Ltd (ASX:SGM).
We know you’re particular about where you invest your money, and so are we. Bloom is bridging the gap between investors and businesses, offering investors to connect directly with companies we invest in via the Bloom Climate Impact Fund.
Our next webinar will bring investors face to face with Sim Ltd, a leader in the circular economy. But who is Sims? And what do they do in the circular economy?
Who is Sims?
Sims Ltd was founded in 1917 and provides world-leading services in recycling and circular solutions for technology. Currently, Sims is expanding into municipal recycling and renewable energy. Their business divisions include Sims Lifecycle Services, Sims Metal, Sims Municipal Recycling, and Sims Renewal.
Sims is a global recycling giant listed on the ASX and a major player in the circular economy through its projects that reuse IT assets and cloud infrastructure, recycle copper and aluminium, and curbside recycling.
In 2021, Sims experienced a 20.5% rise in sales revenue, earning a total of $5,916.3M, and an underlying EBIT of $386.6M. Their highest selling product, ferrous metal, brought in $4,288.9M in 2021.
What is the circular economy?
The circular economy is a process that rethinks how we source, consume and discard materials.
Traditionally, humans developed a linear production method in which we source, produce, and then dispose of products with limited-to-no consideration of replenishing or disposing of the materials. Nature, however, has a circular production method where flora feeds fauna, and fauna breaks down to nourish flora (if you’re thinking of the Lion King, you’re on the right track).
The circular economy adopts this natural method by considering our waste as the source for new production. By reusing and recycling materials that are already in circulation, landfill and virgin materials are reduced. This method has the potential to reduce 45% of global emissions, and the economic opportunity in Australia across the built environment, mobility, community and industrial sectors is estimated to be $1,860 Billion over 20 years to 2040 (ACE Hub).
Why do we like Sims?
Sims is committed to becoming carbon neutral by 2042 and aims to reach net-zero by 2050. With 104 years of recycling experience, Sims has diverted a large amount of waste from landfills, and in 2021 alone repurposed 2.1M cloud infrastructure units and recycled 8.6M tonnes of secondary metals. Sims annually processed and marketed 660,000 tonnes of municipal curbside material since their expansion into curbside recycling in 2002 and has reduced more than 45M tonnes of carbon emissions in the last 25 years.
Their work has helped businesses become more resource-efficient, reduced the use of natural resources, contributed to climate change mitigation, and reduced waste that was once destined for landfills. It’s these actions that make Sims a world leader in the circular economy.
Want to know more?
A circular production line is by no means a new invention but with the drive toward a sustainable future, it’s definitely a powerful tool. Sims has established itself as a leader in the circular economy, having been recycling metals since 1917, and is now ready to answer your questions! Join us for the Bloom Q&A spotlight webinar and get to know more about investing in recycling.
Jun 30, 2022 12:00 PM Zoom
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