Cliffs Ranks in Top 100 for Sustainability
11/03/2010 - Cliffs Natural Resources Inc. was named to the Global 1000 Sustainable Performance Leaders, achieving an overall ranking of 97 among other publicly traded global companies. It also ranked fourth among the 64 companies recognized in the Metals and Mining category.
Cliffs Natural Resources Inc. was named to the Global 1000 Sustainable Performance Leaders, achieving an overall ranking of 97 among other publicly traded global companies. It also ranked fourth among the 64 companies recognized in the Metals and Mining category.
The Global 1000 Sustainable Performance Leaders Ranking was released for the first time in September 2010 by CRD Analytics, a provider of independent sustainability investment analytics. The Global 1000 Sustainable Performance Leaders reviewed more than 5000 companies that are publicly traded on a major global exchange; have a minimum market capitalization of $1 billion USD; and have published a sustainability report with full-year environmental, social, governance (ESG) data for the 2008 calendar year before Oct. 31, 2009.
Companies meeting the criteria are force-ranked by total Sustainable Performance Value (SPV), calculated as the average of four performance dimensions: financial, environmental, social, and governance.
“Ranking in the top tier of the overall index and within the Metals and Mining sector is an immense honor for Cliffs Natural Resources, as well as an excellent benchmark for the company to determine its performance as a sustainable enterprise on a global scale,” said Kelly Tompkins, Executive Vice President, Legal, Government Affairs and Sustainability at Cliffs. “As Cliffs continues its growth in the international mining and natural resources industry, the commitment to environmental excellence and social responsibility is unwavering.”
Cliffs Natural Resources, an international mining and natural resources company, is the largest producer of iron ore pellets in North America, a major supplier of direct-shipping lump and fines iron ore out of Australia, and a significant producer of metallurgical coal. The North American business unit comprises six iron ore mines owned or managed in Michigan, Minnesota, and Canada and two coking coal mining complexes located in West Virginia and Alabama. The Asia Pacific business unit comprises two iron ore mining complexes in Western Australia and a 45% economic interest in a coking and thermal coal mine in Queensland, Australia. The Latin American business unit includes a 30% interest in the Amapá Project, an iron ore project in the state of Amapá in Brazil.
