Sustainability Policy

OVERVIEW
Since 1892, sustainability has been a core component of Garfield Refining’s mission. From engaging with our Philadelphia community to diverting precious metals from landfills, our green practices influence our business decisions and everyday operations. Garfield continuously explores new ways to minimize our carbon footprint, from optimizing daily office operations to innovating our refining process through adoption of state-of-the-art technology. We strive to make thoughtful and responsible choices that will have lasting positive impacts on our customers, business partners, and communities we serve.

METRICS

● 93.8 million pounds of carbon emissions prevented
● 141.6 million gallons of clean water preserved
● 1.2 million TJ (terajoules) of energy saved


DETAILS
Every ounce of metal recycled is an ounce that does not have to be mined.


Conserving Natural Resources
Recycled precious metals play a crucial role in maintaining a sustainable supply chain and reducing the need for mining operations, therefore mitigating air and water pollution, soil degradation, and habitat destruction. Garfield is committed to a conflict-free, sustainable supply chain of recycled precious metals. By prioritizing the recycling of precious metals, we can positively impact the environment and promote a more responsible approach to fulfilling our need for precious metals.

Water Preservation & Protection
Mining and processing precious metals requires substantial amounts of water for various activities, such as separating metals from ore, cooling machinery and dust control. Reducing the demand for newly-mined metals results in less water consumption overall. Recycling precious metals can also help foster heathier waterways by reducing the runoff and heavy metal contamination associated with mining.

Reducing Energy Consumption
Extracting metals from ore and refining them into usable materials is energy-intensive, and environmental scientists predict that mining will continue consuming more energy as time goes on and the quality of available mineral deposits decreases. Energy required for mining typically comes from fossil fuels, further contributing to carbon emissions. Recycling precious metals typically requires much less energy compared to primary production, helping to reduce energy consumption and greenhouse gas emissions.

Preventing Carbon Emissions
Formation of dust and particulate matter, fossil fuel-powered equipment, and emissions from transportation vehicles are just a few examples of how mining creates pollution. A reduced demand for mining significantly helps to lessen environmental pollution, protecting air, water and soil quality. Garfield’s refinery is EPA certified and strictly adheres to all environmental codes and regulations, utilizing a complete system of environmental controls to minimize emissions here in Philadelphia.

Responsible Sourcing
Ethical sourcing is a serious concern and responsibility in the precious metals industry, and Garfield Refining employs a due diligence framework that combats money laundering, terrorist financing, and human rights abuses.  Moreover, Garfield always endeavors to conduct business in a manner that respects the environment, both locally and globally. We hold our suppliers to high standards across the board, no matter how much or how little they refine with us. We have established comprehensive KYC and Anti-Money Laundering procedures and non-conflict/anti-slavery, and sustainability practices across all business lines.

Community Involvement
While Garfield Refining serves clients across North America and beyond, we take pride in being headquartered in Philadelphia for more than a century. We enjoy giving back locally and staying active in our close-knit Philly community, participating in service activities such as seasonal tree-planting and park cleanups. Getting outside and making a positive impact in our local community is a fun and fulfilling way to support our sustainability efforts.

Social Responsibility
At Garfield, we recognize that a healthy work environment sets the foundation for sustainability and long-term success at all levels, from our refinery to the supply chains we’re involved in. Our employees are our most valuable asset, and we pride ourselves on cultivating a positive, equitable and collaborative work environment. Prioritizing an inclusive culture, autonomy, empowerment, fair compensation, professional development and team building help us set the stage for success at Garfield. The wellness and safety of our staff come first and foremost, and we value equity and diversity across every facet of our business, from the refinery to the office.

Charitable Contributions
We work with partners big and small to provide responsible precious metal recycling solutions. Along with our partners, Garfield regularly donates to nonprofit organizations to reduce waste and even save lives. For example, our pacemaker recycling program works with University of Michigan’s My Heart, Your Heart initiative to provide pacemaker access to thousands of people in need around the globe, while repurposing valuable materials.

Further Initiatives
We believe we have a permanent responsibility at every stage in the precious metal value chain. Garfield will continue to lead the way through the delivery of sustainable solutions to our partners and customers. Currently, we are evaluating feasibility for incorporating green energy from solar to power operations at our Philadelphia headquarters. Stay tuned!