Suncoke Energy, Inc. Issues 2022 Sustainability Report
LISLE, Ill., March 24, 2023 /PRNewswire/ -- SunCoke Energy, Inc. (NYSE: SXC), the largest independent producer of high-quality coke in the Americas, published its 2022 Sustainability Report. SunCoke is an integral supplier to the U.S. steel industry and our coke product is a critical raw material in the blast furnace production of steel, which will be a necessary component of the on-going lower carbon energy transition.
SunCoke's 2022 Sustainability Report highlights the Company's industry-leading practices prioritizing worker safety and environmental impact, and also includes enhanced climate change disclosures as recommended by the Task Force on Climate-Related Financial Disclosures (TCFD).
"Reflecting on 2022, the commitment and contributions of our SunCoke employees was evident in our safety record, environmental performance, and operational excellence underpinning our record financial results. I want to thank all our SunCoke employees for their work and dedication throughout the year," said Michael Rippey, Chief Executive Officer of SunCoke.
SunCoke's commitment to employee health and safety was underscored through our Total Recordable Incident Rate (TRIR) of 0.69 for 2022, far lower than the industry average.
SunCoke leads the industry with environmentally efficient and advanced technology, setting the U.S. Environmental Protection Agency's (EPA) Maximum Achievable Control Technology (MACT) standards with its heat-recovery coke-making technology that converts heat generated during the coking process into steam and/or electricity, which is then sold to customers or the grid.
"As we further evaluate the climate, energy and lower carbon economy transition, including the impacts on SunCoke and others in the steel industry, we think strategically about the long term, and plan for a number of possible scenarios. We see opportunity in these challenges and will continue to focus on sustainability and climate change management, while supporting our customers in meeting their sustainability goals," said Katherine Gates, President of SunCoke.
ABOUT SUNCOKE ENERGY, INC.
SunCoke Energy, Inc. (NYSE: SXC) supplies high-quality coke to domestic and international customers. Our coke is used in the blast furnace production of steel as well as the foundry production of casted iron, with the majority of sales under long-term, take-or-pay contracts. We also export coke to overseas customers seeking high-quality product for their blast furnaces. Our process utilizes an innovative heat-recovery technology that captures excess heat for steam or electrical power generation and draws upon more than 60 years of cokemaking experience to operate our facilities in Illinois, Indiana, Ohio, Virginia and Brazil. Our logistics business provides export and domestic material handling services to coke, coal, steel, power and other bulk customers. The logistics terminals have the collective capacity to mix and transload more than 40 million tons of material each year and are strategically located to reach Gulf Coast, East Coast, Great Lakes and international ports. To learn more about SunCoke Energy, Inc., visit our website at www.suncoke.com.
FORWARD-LOOKING STATEMENTS
This press release contains "forward-looking statements" (as defined in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended). Any statements made in this press release that are not statements of historical fact are forward-looking statements and should be evaluated as such. Forward-looking statements often may be identified by the use of such words as "believe," "expect," "plan," "project," "intend," "anticipate," "estimate," "predict," "potential," "continue," "may," "will," "should," or the negative of these terms, or similar expressions. However, the absence of these words or similar expressions does not mean that a statement is not forward-looking. Forward-looking statements represent only our beliefs regarding future events, many of which are inherently uncertain and involve significant known and unknown risks and uncertainties (many of which are beyond the control of SunCoke) that could cause our actual results and financial condition to differ materially from the anticipated results and financial condition indicated in such forward-looking statements. These risks and uncertainties include, but are not limited to, the risks and uncertainties described in Item 1A ("Risk Factors") of our Annual Report on Form 10-K for the most recently completed fiscal year, as well as those described from time to time in our other reports and filings with the Securities and Exchange Commission ("SEC").
In accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, SunCoke has included in its filings with the SEC cautionary language identifying important factors (but not necessarily all the important factors) that could cause actual results to differ materially from those expressed in any forward-looking statement made by SunCoke. For information concerning these factors and other important information regarding the matters discussed in this press release, see SunCoke's SEC filings, copies of which are available free of charge on SunCoke's website at www.suncoke.com or on the SEC's website at www.sec.gov. The forward-looking statements included in this press release are expressly qualified in their entirety by such cautionary statements.
Forward-looking statements are not guarantees of future performance, but are based upon the current knowledge, beliefs and expectations of SunCoke management, and upon assumptions by SunCoke concerning future conditions, any or all of which ultimately may prove to be inaccurate. Unpredictable or unknown factors not discussed in this press release and related conference call also could have material and adverse effects on matters described by the forward-looking statements contained in this press release. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. SunCoke does not intend, and expressly disclaims any obligation, to update or alter its forward-looking statements (or associated cautionary language), whether as a result of new information, future events, or otherwise, after the date of this press release except as required by applicable law.
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SOURCE SunCoke Energy, Inc.
