Cliffs Natural Resources Inc. Reports on Sustainability Progress
CLEVELAND, Aug. 27, 2013
CLEVELAND, Aug. 27, 2013 /PRNewswire/ --Cliffs Natural Resources Inc. (NYSE:
CLF) (Paris: CLF) announced today the release of its 2012 sustainability
report, entitled "Embracing our Past, Securing our Future." The sustainability
report is a comprehensive look at Cliffs' global operations and outlines the
Company's progress in key areas of its sustainability strategy.
(Logo: http://photos.prnewswire.com/prnh/20101104/CLIFFSLOGO )
"This year has been marked by continual change and volatility in the
commodities market, which has presented our Company with a number of
opportunities and challenges. However, our expectations of personal
accountability and business ethics are unwavering," said David Cartella,
vice-president – global environmental affairs, sustainability and counsel.
"Going forward, we will continue to build upon a strong foundation of
sustainability with the development of a three-year, enterprise-wide
strategy. Aligned with business priorities and integrated with operational
and functional groups, this strategy aims to maximize our shared value by
reinforcing our social license to operate."
Highlighted sustainability accomplishments for 2012 include:
oCliffs was ranked top performer in the iron and steel subsector group –
and 34^th overall – on the Maplecroft Climate Innovation Index, a
Bloomberg listing of top-performing U.S.-based companies in terms of
climate-related innovation and carbon management programs.
oDeveloped and guided the implementation of spill reduction initiatives,
which achieved a total spill volume reduction of more than 75% from 2011
oMore than 18 percent of Cliffs' total electricity purchases in 2012 came
from renewable energy generation.
oPartnered with the city of Ishpeming in Michigan to finance the Partridge
Creek Diversion Project, which aims to reduce or eliminate mercury levels
in nearby Deer Lake.
oInitiated the Bloom Lake Cliffs Forum, near the Company's Eastern Canada
iron ore operation, a civic quarterly meeting to proactively address the
community's interests and concerns.
oImplemented a new salaried employee talent management system that tracks
individual goals, accomplishments and career aspirations to assist in
internal recruitment and development of succession plans.
Cliffs is introducing an all-new, online-only format, accessible in the
"Sustainability" section of the Company's corporate website,
www.cliffsnr.com. In addition to reading or downloading the report in its
enterity, users can customize a PDF with content most relevant to them through
a "Build My Report" functionality.
Cliffs developed the report to conform with the widely-used Global Reporting
Initiative's (GRI) comprehensive sustainability report framework. The GRI
framework encourages greater transparency from organizations through
standardized principles and indicators for tracking and reporting on economic,
environmental and social performance. This year's report achieved an
application level B in accordance with the GRI guidelines.
About Cliffs Natural Resources Inc.
Cliffs Natural Resources Inc. is an international mining and natural resources
company. A member of the S&P 500 Index, the Company is a major global iron ore
producer and a significant producer of high- and low-volatile metallurgical
coal. Cliffs' strategy is to continually achieve greater scale and
diversification in the mining industry through a focus on serving the world's
largest and fastest growing steel markets. Driven by the core values of
social, environmental and capital stewardship, Cliffs associates across the
globe endeavor to provide all stakeholders operating and financial
The Company is organized through a global commercial group responsible for
sales and delivery of Cliffs' products and a global operations group
responsible for the production of the minerals the Company markets. Cliffs
operates iron ore and coal mines in North America and an iron ore mining
complex in Western Australia. In addition, Cliffs has a major chromite
project, in the feasibility stage of development, located in Ontario, Canada.
News releases and other information on the Company are available on the
Internet at: http://www.cliffsnaturalresources.com
Follow Cliffs on Twitter at: http://twitter.com/CliffsNR.
SOURCE Cliffs Natural Resources Inc.
Contact: INVESTOR RELATIONS AND GLOBAL COMMUNICATIONS CONTACTS: Jessica Moran,
Director, Investor Relations, (216) 694-6532; Patricia Persico, Director,
Global Communications, (216) 694-5316 office
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