Académique Documents
Professionnel Documents
Culture Documents
Sustainabilitythrough profitable
and responsible long-term growth.
We are committed to being cultural
and environmental stewards in the
communities where we live and work.
We are succeeding by working together.
DANIEL R. DIMICCO
CHAIRMAN, PRESIDENT AND
CHIEF EXECUTIVE OFFICER
NUCOR TENURE 1982-PRESENT
T H I S R E P O R T I S D E D I C AT E D T O T H E 2 0 , 4 0 0 M E N A N D WO M E N O F N U C O R C O R P O R AT I O N
A N D O U R S U B S I D I A R I E S W H O C O N T I N U E T O P ROV E E V E R Y DAY T H AT S T E E L I S N O T
O U R S T RO N G E S T A S S E T.
IT S R E S O LVE .
LETS DO IT TOGETHER.
4
OVERVIEW
10
20
EMPLOYEE RELATIONS
32
ENVIRONMENTAL PERFORMANCE
48
COMMUNITY RELATIONS
56
CUSTOMER RELATIONS
64
GOVERNANCE
72
COMMITMENT TO SUSTAINABILITY
04
NUCOR SUSTAINA B I L I T Y R E P O R T 2 0 0 9
ITS OUR
mission
We didnt close any of our Nucor facilities. So, even though many of our valued
customers did not need steel last year, they can rest assured they will have a local and
reliable source of sustainably produced steel tomorrow.
We historically take advantage of downturns to improve our skills and our operations,
and grow our company to be prepared to take advantage of the upturn when it occurs.
Our companys generosity did not falter. In 2009, we made more than $4.6 million
in charitable donations, and contributed a record $4.4 million in scholarship funds for
the children of our employees. Speaking of our teammates, they donated an outstanding
75,000 volunteer hours to their local communities.
Our focus onand investment inemployee safety and environmental performance
never skipped a beat. All safety and environmental programs, including internal audits and
our own safety boot-camp program, were fully funded and exempt from any restrictions
to curb travel expenses. In fact, 2009 was Nucors safest year despite the downturn!
05
Nucors steel recycling technology is many times cleaner and less polluting than the
traditional integrated steel mills. But were not stopping here. Again, Nucor continued to invest in
improvements. This included conducting our environmental boot camps.
We continued to invest in what already is the most energy-efficient family of steel mills
in the world. We did not use the drop in demand as an excuse to shutter facilities. Instead,
we viewed it as an opportunity to make important improvements in our long-term
environmental performance.
What didnt change were our core values and our commitment to long-term success.
Our culturebased on integrity, teamwork, personal responsibility, courage and the
Nucor can-do attitudedid not change. These are the things that allowed us to make the
improvements we did in 2009.
While this may be our first sustainability report, our commitment to sustainable
management is nothing new.
Great companies always prepare for the good times in the tough times and for the tough
times in the good times.
Focusing on the long-term goal is what has enabled us all to prosper during good times.
As a result, we will emerge from todays challenge stronger than ever.
Because one other thing that didnt change is the enduring spirit of the 20,400 men and
women of Nucor Corporation and subsidiaries to whom this report is dedicated.
Lets do it together.
Sincerely,
Daniel R. DiMicco
Chairman, President and Chief Executive Officer
06
NUCOR SUSTAINA B I L I T Y R E P O R T 2 0 0 9
OVERVIEW
07
08
NUCOR SUSTAINA B I L I T Y R E P O R T 2 0 0 9
OVERVIEW
09
OUR MISSION
Nucor Corporation is made up of 20,400 teammates
whose goal is to take care of our customers. We are
accomplishing this by being the safest, highest quality,
lowest cost, most productive and most profitable
steel and steel products company in the world. We
are committed to doing this while being cultural
and environmental stewards in our communities
where we live and work. We are succeeding by
working together.
ORGANIZATION PROFILE
Our mills have a production capacity that exceeds
26 million tons. Nucor is the largest producer of
steel, joist and deck in the United States. We are
the Western Hemispheres largest recycler.
ITS OUR
KEN IVERSON
DANIEL R. DIMICCO
19621998
1982PRESENT
11
12
NUCOR SUSTAINA B I L I T Y R E P O R T 2 0 0 9
zero
JEWETT, TEXAS
13
14
NUCOR SUSTAINA B I L I T Y R E P O R T 2 0 0 9
P E R 1 0 0 WO R K E R S / 2 0 0 , 0 0 0 H O U R S P ER YEAR
1.46 5.07
2.03 9.70
1.28 7.60
STEEL MILLS
FABRICATORS
BUILDING GROUP
NUCOR
0.68 2.70
1.31 5.23
0.69 4.03
STEEL MILLS
FABRICATORS
BUILDING GROUP
NUCOR
15
16
NUCOR SUSTAINA B I L I T Y R E P O R T 2 0 0 9
How Were
Protecting Employees...
Inside and Out
MPLOYEE HEALTH IS A LARGE PART OF OUR SAFETY
MISSION. Our local plants have the freedom
they need to determine how to best address
the employee health challenge. In some cases,
our local plants offer on-site workout rooms to
provide a convenient way to exercise.
For others, local plants offer on-site medical clinics,
which are designed to provide quality medical services to
our teammates and their families, to improve wellness, and to
reduce overall costs for Nucor and our Nucor families.
For example, Nucor Steel Berkeley and Nucor Steel
South Carolina together constructed on-site medical clinics
in 2008, which have reduced healthcare costs. Studies show
that most companies save 15 percent to 20 percent annually
with on-site clinic services, but for us, it is more than saving
dollars. Its about saving lives.
THE DOCTOR WILL SEE YOU NOW
Our on-site medical clinics provide several benefits to
teammates, including physician availability, lower medical
costs, more one-on-one healthcare education and greater
access to physicals and health screenings.
Our Nucor Steel South Carolina on-site medical clinic
offers occupational health and primary care medical programs
and is equipped with three exam rooms, two labs, two
chiropractic rooms, and a massage therapy and occupational
medicine room.
JESSICA ROBINSON (L), ENVIRONMENTAL ENGINEER, AND DANIELLE POWERS, ENVIRONMENTAL INTERN
Nucor Steel Berkeley
100%
MORE THAN
13,500
17
18
NUCOR SUSTAINA B I L I T Y R E P O R T 2 0 0 9
Rewarding What
We Value Most
t Nucor, we reward our employees based on the
performance we all hold most important: safety.
This is why we established the Nucor Presidents
Safety Award, a distinction that is given to
divisions that have an exemplary safety record
for example, their accident and injury levels are one third of
the Bureau of Labor Statistics (BLS) national average for the
industry. While these are lofty standards, at least 70 percent of
our companys divisions meet or exceed this benchmark.
DESCRIPTION
REPORTED
PAGE
Partially Reported
14, 17
LA7
Rates of injury, occupational diseases, lost days, and absenteeism, and number
of work-related fatalities by region.
Partially Reported
14-15
LA8
Partially Reported
17
19
E MPLOYEE RELATIONS
EMPLOYEE RELATIONS
ITS OUR
KEN IVERSON
DANIEL R. DIMICCO
19621998
1982PRESENT
21
22
NUCOR SUSTAINA B I L I T Y R E P O R T 2 0 0 9
We Are Nucor
Nucors most valuable asset is our teammates.
Empowering, training and challenging our team is the essence of Nucor.
Managers, supervisors and hourly teammates working side by side are commonplace as we strive
to reach our goals. Compensation plans provide incentives for everyone at Nucor to be rewarded
for his or her performance. Nucor teammates thrive on the opportunity to excel,
and Nucor rewards that performance.
The bottom line? Nucor teammates are rewarded for taking care of their customers.
We are always striving to improve every aspect of our business. We are never satisfied.
As soon as we reach a goal, we establish a new one and begin reaching for it.
Importantly, we recognize that our teammates are our greatest asset. We ARE Nucor.
E MPLOYEE RELATIONS
steel
resolve
EMPLOYEE RETENTION
93%
PRODUCTION LINE
PER YEAR
2009
23
10%
TOTAL AVERAGE EARNINGS
FOR NUCOR EMPLOYEES IN 2009
OVER PREVIOUS YEARS
Our employees are the reason for our success as a company, and they are why
we are known as cultural and environmental stewards in the community.
E MPLOYEE RELATIONS
BY REGION
1,380
18,900
..................................... CANADA
..................................... US
............ TRINIDAD
110
25
26
NUCOR SUSTAINA B I L I T Y R E P O R T 2 0 0 9
a job tomorrow.
unfairly.
E MPLOYEE RELATIONS
2009 WAGES
P E R YEAR
$47
THOUSAND
$15
THOUSAND
same things that Dan DiMicco and others did: you do your
job, and then you do a little bit more.
Hamilton Lott, Jr., now the executive vice president of
the fabrication division at Nucors corporate office, started
out as a design engineer in 1975 at Vulcrafts facility in
Florence, S.C. After several promotions, Lott moved to Texas
to serve as general manager for another Vulcraft facility. Six
years later, he returned to Florence as general manager. In
1999, Lott moved to the Charlotte, N.C., corporate office
for his current role, starting the same day as Dan DiMicco.
This is a company thatby and largepromotes from
within, Lott said. Many of our employees are working for
people who have been promoted through the company.
But Lott says the reason he has stayed with Nucor for
34 years is due to his belief in the companys core values and
the way Nucor treats its employees.
Its been a wonderful experience, Lott said. I could
not imagine working anywhere else.
27
28
NUCOR SUSTAINA B I L I T Y R E P O R T 2 0 0 9
05 WORK ETHIC
08 TREAT PEOPLE
02 PERSONAL RESPONSIBILITY
06 PRIDE
03 TEAMWORK
07 INNOVATIVE/INTELLIGENT
09 OPTIMISM
04 OPEN COMMUNICATIONS
10 CAN-DO ATTITUDE
RISKS
Nucor Teammates:
One such person was Stephen Bond. Laid off from his
E MPLOYEE RELATIONS
29
30
NUCOR SUSTAINA B I L I T Y R E P O R T 2 0 0 9
$2.1
MILLION+
E MPLOYEE RELATIONS
DESCRIPTION
REPORTED
PAGE
ASPECT: EMPLOYMENT
LA1
Partially Reported
25
LA2
Total number and rate of employee turnover by age group, gender, and region.
Partially Reported
23
LA3
Completely Reported
26
Partially Reported
27, 51,
67
Completely Reported
27
EC7
Procedures for local hiring and proportion of senior management hired from the
local community at locations of significant operation.
Partially Reported
27
EC9
Partially Reported
50-51
31
E N V I RO N M E NTAL PERFORMANCE
ENVIRONMENTAL PERFORMANCE
ITS OUR
KEN IVERSON
DANIEL R. DIMICCO
19621998
1982PRESENT
33
34
NUCOR SUSTAINA B I L I T Y R E P O R T 2 0 0 9
Environmental Vision
Nucor continues to be a leader by raising the bar by which steel mills
and recycling centers should be judged. With most of our operations equipped with continuous
emissions monitors, Nucor not only talks the talk but walks it as well. Nucors policy that
environmental compliance is the individual responsibility of every Nucor employee clearly shows
that it is our culture that makes the difference.
A company that is built on the model of recycling steel in massive volumes is truly founded
on a sustainable modelNucor was founded on the principle of making reinforced steel and light
structural shapes with scrap metal. Nucor, from the beginning to this day, has and continues to
push recycled content into steel products where recycled content was not considered viable.
We have been so successful that, today, most domestically produced steel contains some
amount of recycled steel.
The commitment to the environment runs deep in Nucor culture, where investments are continually
being made to improve equipment and performance, recycle materials and reduce waste, and,
finally, to perfect new technologies that reduce emissions and increase energy efficiency.
Quite simply, our long-term goal is twofold:
1. we want to recycle all steel products.
2. we want all steel products to have recycled content.
At Nucor, our culture drives us to define the standard rather than simply meet it.
That is the reason one inspector simply said, I wish everyone would do this.
E N V I RO N M E NTAL PERFORMANCE
Investing
35
36
NUCOR SUSTAINA B I L I T Y R E P O R T 2 0 0 9
CAPTURE
& REUSE
ENERGY THAT WOULD NORMALLY BE WASTED
CONTINUED
INVESTMENT
OF COMPANY RESOURCES INTO
ENVIRONMENTAL BOOT CAMPS
ISO 14001:2004
CERTIFICATIONS
NUCORIZE
NEW PLANTS AND FACILITIES
CALVIN BROWN
Roller Assembler, Nucor Steel Texas
E N V I RO N M E NTAL PERFORMANCE
$25.7
MILLION
I S O 1 4 0 0 1 : 2 0 0 4 C ER T I F I E D N UC O R FAC I L I T I E S
American Buildings Company Atlantic
American Buildings Company Midwest
American Buildings Company South
American Buildings Company West
CBC Steel Buildings LLC
Gulf States Manufacturers LLC
Kirby Building Systems LLC
NUCON Steel Corporation
Nucor Building Systems IN
Nucor Building Systems SC
Nucor Building Systems TX
Nucor Building Systems Utah LLC
Nucor Cold Finish Nebraska
Nucor Cold Finish South Carolina
Nucor Cold Finish Wisconsin, Inc.
Nucor Fastener Indiana
Nucor Steel Arkansas
Nucor Steel Auburn, Inc.
Nucor Steel Berkeley
Nucor Steel Birmingham, Inc.
Nucor Steel Connecticut Inc.
Nucor Steel Decatur, LLC
Nucor Steel Hertford
Nucor Steel Indiana
Nucor Steel Jackson, Inc.
Nucor Steel Kankakee, Inc.
Nucor Steel Marion Inc.
Nucor Steel Nebraska
Nucor Steel Seattle, Inc.
Nucor Steel South Carolina
Nucor Steel Texas
Nucor Steel Tuscaloosa, Inc.
Nucor Steel Utah
Nucor-Yamato Steel Company
Verco Decking, Inc.
Vulcraft Alabama
Vulcraft Indiana
Vulcraft Nebraska
Vulcraft Of New York, Inc.
Vulcraft South Carolina
Vulcraft Texas
Vulcraft Utah
LEARN MORE AT:
WWW.NUCOR.COM/RESPONSIBILITY/ENVIRONMENT/CERTIFICATIONS/
37
38
NUCOR SUSTAINA B I L I T Y R E P O R T 2 0 0 9
59%
87%
2007
2009
E N V I RO N M E NTAL PERFORMANCE
50%
OF STEEL PRODUCED IN U.S.
HAS BEEN RECYCLED*
>70%
RECYCLED STEEL CONTENT
39
40
NUCOR SUSTAINA B I L I T Y R E P O R T 2 0 0 9
ON A
TI N C
C
U TO
OD EQ/
R
P
L O2
EE C
ST LB
ST
SE
A EQ
PH CO 2
E
US LB
/T
ON
CA
ST
FE
LI EQ
OF CO 2
D
EN LB
O
/T
CA
ST
G
IN
T
M
AS
AR )
W WP N C
NS
L
G O
TO
BA L ( /T
L
O
Q
A
A
GL NTI 2 E
ET
M
AL TE CO
T
T
O
O
TO P L B
H
TO
L
TA
GW
TO
NS
P/ T
GW CAS
S
N N
TO TO
BAR
1,326.9
38.6
153.8
1,519.3
5,158,792
3,918,876
0.76
BEAM/PLATE
1,783.6
11.1
172.8
1,967.5
3,551,348
3,493,639
0.98
SHEET
1,794.3
11.1
217.1
2,022.5
6,376,187
6,447,919
1.01
SUMMARY
TOTAL HOT METAL TONSNUCOR MILLS
15,086,327
13,860,434
Considering the size of our portfolio, our steelmaking operations total global warming potential (GWP)
from cradle to cradle was approximately 13.8 million tons in 2009.
*This study based on 2007 data.
E N V I RO N M E NTAL PERFORMANCE
RECYCLING
MINI-MILL
BLAST
FURNACE
PARTICULATE
MATTER
SULFUR
OXIDES
NITROGEN
OXIDES
CA R BO N
MO N O X I D E
VO L AT I L E
ORGANIC
COMPOUNDS
0.3
0.7
0.1
4.0
0.4
39.8 5.0
4.45 11.6
2006
NUCOR
2008
2009
100%
41
42
NUCOR SUSTAINA B I L I T Y R E P O R T 2 0 0 9
7.6
BILLION
13.4
IRON
2.98
M I L L I O N S TO N S
E N V I RO N M E NTAL PERFORMANCE
Steel Producer as an
Environmental Activist?
Its Our Nature
MERCURY SWITCH
43
44
NUCOR SUSTAINA B I L I T Y R E P O R T 2 0 0 9
Environmental Responsibility
ucors long-standing commitment to the
environment is defined by our policy.
Well, make that policies.
We didnt stop at creating a corporate, one
size fits all environmental policy. Our facilities
have adapted our core corporate environmental principles
and created location- or division-specific policies to ensure
environmentalism is embraced throughout our organization.
Environmental compliance is the responsibility of each
and every teammate.
NUCOR CORPORATION ENVIRONMENTAL POLICY
As the largest recycling company in the Western Hemisphere,
Nucor recognizes our role in protecting the environment.
We value the environment of the communities in which
we operate and recognize its importance to our teammates,
their families and our continued welfare. Protecting the
environment is critical to our operations and the companys
long-term success. To this end, we endorse these principles to
demonstrate our commitment to the environment.
OUR PRINCIPLES
STANDARDS
Nucor Corporation and its divisions will comply with the laws
and regulations governing their operations. Environmental
compliance is a priority for Nucor management equal with all
other business functions.
RESPONSIBILITY
Environmental protection is the individual obligation of each
Nucor employee and a primary responsibility of management.
Nucor also requires contractors, vendors and suppliers to comply
with applicable environmental laws.
STEWARDSHIP
Nucor recognizes its potential for environmental impact upon
the communities in which it operates.We will continually
strive to minimize these impacts by evaluating our operations
and researching new technologies and opportunities.
PERFORMANCE
To continually improve the effectiveness of our Environmental
Management System, Nucor will:
Pursue pollution prevention and waste minimization
opportunities
Investigate and develop technologies and operations that
improve environmental performance
Regularly evaluate the Environmental Management
System and make appropriate improvements
OUTREACH
Nucor will strive to foster open dialogue so that we may
effectively communicate with our employees, our neighbors and
other concerned parties.
LEARN MORE AT:
WWW.NUCOR.COM/RESPONSIBILITY/ENVIRONMENT/EMS
E N V I RO N M E NTAL PERFORMANCE
Being Green is
Rewarding at Nucor
rotecting the environment is something we take
very seriously.
Many of the steps we take to reduce our
environmental footprint, including decreasing
energy consumption, have a positive effect on our
bottom line.
To encourage our facilities to continually improve their
environmental metrics, we developed the Nucor Presidents
Environmental Award to recognize excellence in environmental
stewardship.
Our facilities must meet or exceed very strict requirements
to earn the Presidents Environmental Award, said Anna Schorr,
environmental engineer at Nucor Corporation. The award isnt
meant to recognize facilities for average performance. It is given
to our top performers who go above and beyond.
Facilities are measured based on nine criteria including
energy consumption, waste reduction and environmental
compliance.Those facilities that meet or exceed the metrics
developed by Nucor will receive the Presidents Environmental
Award.
Our efforts have received recognition externally from
various organizations:
45
46
NUCOR SUSTAINA B I L I T Y R E P O R T 2 0 0 9
DESCRIPTION
REPORTED
PAGE
ASPECT: MATERIALS
EN1
Completely Reported
42
EN2
Completely Reported
60
ASPECT: ENERGY
EN3
Completely Reported
41
EN5
Partially Reported
39
EN6
Partially Reported
39
EN7
Partially Reported
45
EN8
Partially Reported
42
EN10
Completely Reported
41
ASPECT: BIODIVERSITY
EN11
Location and size of land owned, leased, managed in, or adjacent to, protected
areas and areas of high biodiversity value outside protected areas.
Partially Reported
47
EN12
Partially Reported
47
EN13
Partially Reported
46-47
E N V I RO N M E NTAL PERFORMANCE
GRI NUMBER
DESCRIPTION
REPORTED
PAGE
Completely Reported
40
EN17
Partially Reported
40
EN18
Completely Reported
39
EN20
NOx, SOx, and other significant air emissions by type and weight.
Completely Reported
41
EN22
Completely Reported
38
40-42
Completely Reported
EN27
Partially Reported
39
Partially Reported
42
Partially Reported
37
ASPECT: TRANSPORT
EN29
ASPECT: OVERALL
EN30
Life cycle stages in which health and safety impacts of products and services are
assessed for improvement, and percentage of significant products and services
categories subject to such procedures.
Completely Reported
40-42
47
C O M MUNITY RELATIONS
COMMUNITY RELATIONS
ITS OUR
KEN IVERSON
DANIEL R. DIMICCO
19621998
1982PRESENT
49
50
NUCOR SUSTAINA B I L I T Y R E P O R T 2 0 0 9
Community Relations
If there is an area where the various aspects of Nucor culture combine, it is our dedication
to strong community relations. The communities in which Nucor operates are influenced by our
safety, economic and environmental practices. These practices are an essential part of our employee
relations at the community level because that is where Nucor teammates and their families live.
The Nucor culture drives us to make certain that we take care of these communities.
Our Nucor teammates voluntarily participate in academics, local government and sports. Nucor
often financially supports these and other groups. In addition to awarding engineering scholarships
and internships that anyone is free to pursue, Nucor supports the college education of our
employees families. Nucor has funded thousands of acres of wildlife preserves, bought hundreds
of 4-H animals and supported programs where our teammates areand are notparticipants.
Equally as important is the impact that Nucors purchases have on the local economy.
Contractors, vendors and suppliers, along with their employees and families, live in these
communitiesand this further enhances the impact of Nucor and our teammates on
the local communities.
$3.2
MILLION
$586
THOUSAND
$369
THOUSAND
$256
THOUSAND
$117
THOUSAND
COMPANY
CONTRIBUTIONS
EMPLOYEE
CONTRIBUTIONS
CHARITY
EVENTS
DIRECT CASH
CONTRIBUTIONS
ENDOWMENTS/
SCHOLARSHIPS
= $4.6 million
C O M MUNITY RELATIONS
The Foundation of
big cities
small towns
and the soul of
74,888
51
52
NUCOR SUSTAINA B I L I T Y R E P O R T 2 0 0 9
economic turnaround
in rural america
$465
COMPARED TO STATEWIDE AVERAGE $653
$970
C O M MUNITY RELATIONS
The mill has also raised average wages and improved the
quality of life throughout the county. Our teammates have
been able to purchase homes, pay off debt, send children to
college and quit second jobs.
In 1999, the average manufacturing wage in Hertford
County was $465 per week, compared to the statewide
average manufacturing wage of $653 per week, says Bill
Early, executive director of the Hertford County Economic
Development Commission. In 2009, 10 years after
Nucor opened its mill, the average manufacturing wage
was $970 per week, compared to the statewide average of
$906 per week.
And Nucor workers arent the only ones who are
benefiting from rising incomes: Since we opened the mill,
53
54
NUCOR SUSTAINA B I L I T Y R E P O R T 2 0 0 9
Lessons Learned:
Teaching Recycling through Generosity and Donations
ucor doesnt just recycle. We teach others the
importance of recycling. Nucor does so by using
steel as the medium. Nucor has donated steel for
art competitions and welding practice, as well as
for school bus shelters.
SCRAP INTO ART
Nucor Steel Nebraska launched the first annual Ken
Iverson Project in late 2009, in which we donated bundles
of scrap steel to Norfolk area high schools, colleges and
artists for an artistic sculpture and structure competition and
auction. The competitions only rule? Only steel could be
used. No other outside materials or hinges were allowed.
The artists showcased their work at the Northeast
Community College Home Show, where 17 sculptures were
voted on by community members.
Its beneficial for kids to be rewarded for their
creativity and hard work, said Jeff Furst, warehouseman
and member of Nucor Steel Nebraskas community
outreach team. If kids continually think creatively, thats
what we need. Thats our future.
Winning projects included a windmill (titled Royal
Flush), a flag (titled Freedom Flag) and a globe with
wings (titled Home of the Brave).
WELDING PRACTICE
In Lathrop, Calif., CBC Steel Buildings LLC, a division of
Nucor, supports two local high schools welding programs
by donating scrap steel. The scrap is used to practice welding
techniques, which significantly lessens the schools need for
purchasing materials.
C O M MUNITY RELATIONS
Steel Made in the USA Meets Higher Quality and Environmental Standards
ne of the most sustainable things about Nucor is
that most of our high-recycled-content products
are Made in the USA. That little tag line or small
stamp says a lot about the product and the people
who made it.
That Made in the USA label means weve
manufactured our products to certain labor standards that
have been drawn up in the interests of business, workers and
their families, says Dan DiMicco, Nucors CEO. This labor
law has meaning because it is enforced in an open system
of government with checks and balances. Some countries
have similar laws on the books, but it is entirely up to the
government as to whether to enforce the laws, and the
people have no power or recourse to change things.
Nucor is continually working with legislators to make
sure that the currency manipulation and illegal dumping of
steel from China does not go unnoticed.
55
C U STOMER RELATIONS
CUSTOMER RELATIONS
ITS OUR
Our Goal is to
Take Care of Our Customers.
We are accomplishing this by
being the safest, highest quality,
lowest cost, most productive, and
most profitable steel and steel
products company in the world.
We are accomplishing this by
being cultural and environmental
stewards in the communities where
we live and work. We are succeeding
by working together.
KEN IVERSON
DANIEL R. DIMICCO
19621998
1982PRESENT
57
58
NUCOR SUSTAINA B I L I T Y R E P O R T 2 0 0 9
C U STOMER RELATIONS
MIKE TAYLOR, LEE FULTON, GRANT ASHLEY AND TOMMY BANKS Nucor Steel Hertford County
59
60
NUCOR SUSTAINA B I L I T Y R E P O R T 2 0 0 9
Regulations
in Europe
As we expand the places our steel
products are distributed, we need
to ensure that we are proactively in compliance with other
countries regulations.
99.9
82.9
92.2
72.9
99.7
NUCOR
BAR
P RO D U C T S
N U COR
B EAM
P RO DUCTS
NUCOR
PLATE
PRODUCTS
NUCOR
SHEET
PRODUCTS
VULCRAFT
STRUCTURAL
PRODUCTS
P E R C E N TAG E B Y TOTA L W E I G H T
72.7
67.9
72.9
99.9
94.7
91.3
VULCRAFT
DECKING
NUCOR
BUILDING
GROUP
NUCON
LIGHT GAUGE
FRAMING
NUCOR
FASTENER
PRODUCTS
NUCOR
WIRE
PRODUCTS
NUCOR
COLD
FINISH
C U STOMER RELATIONS
F RO M C A R S TO R E BA R TO ROA D S
TORCH
CASTER
MILL
COILER
61
62
NUCOR SUSTAINA B I L I T Y R E P O R T 2 0 0 9
Green Steel
for Green Power
80%
RECYCLED
SCRAP
customer relations
BMW:
63
GOVERNANCE
GOVERNANCE
ITS OUR
KEN IVERSON
DANIEL R. DIMICCO
19621998
1982PRESENT
65
66
NUCOR SUSTAINA B I L I T Y R E P O R T 2 0 0 9
Nucor Governance
Nucor culture is one that respects the individual.
The open door and phone practice of the corporate office and local facilities foster
a culture where all participate and contribute to the progress of the company.
Our employees, neighbors and shareholders should always be treated fairly, honestly
and respectfully. At the same time, wethats everyone in our companyshould conduct
ourselves in a manner of the highest ethical standards.
As a result, all of our teammates are accessible and accountable.
Governance Policies
Nucors policies have helped us become one of the largest and
most profitable steel producers in the world by encouraging
honesty, accountability and the highest ethical standards. Our
policies are grounded in such principles as sustainability, respect
and honesty.
Nucors Standards of Business Conduct and Ethics
define how we handle conflicts of interest, fair dealing, public
reporting and confidentiality.
Just as we expect our own employees to conduct business
in an ethical, professional way, we also hold our suppliers to
GOVERNANCE
2009
2008
2007
NET SALES
$11,190,296
$23,663,324
$16,592,976
GROSS MARGIN
$154,393
$4,051,041
$3,130,049
($293,613)
$1,830,990
$1,471,947
($0.94)
$5.98
$4.94
$1.41
$1.91
$2.44
$1,182,297
$2,498,728
$1,935,306
$213,200
$952,700
$875,600
WORKING CAPITAL
$3,955,191
$4,543,294
$3,491,213
$4,013,836
$4,131,861
$3,232,998
LONG-TERM DEBT
$3,086,200
$3,266,600
$2,250,300
STOCKHOLDERS EQUITY
$7,390,526
$7,929,204
$5,112,917
AT YEAR-END
S TO C K P E R F O R MANCE
250
DOLLARS
200
150
100
50
2004
NUCOR CORPORATION
2005
2006
2007
YEAR
S&P STEEL GROUP INDEX
2008
2009
67
68
NUCOR SUSTAINA B I L I T Y R E P O R T 2 0 0 9
charcoal used to make our pig iron does not come from forced
labor, including:
Nucor requires each pig iron manufacturer that ships
product to Nucor must certify that its pig iron was
manufactured without the use of involuntary labor.
Nucor retains a Brazilian law firm to monitor the Brazilian
Labor Ministrys Black List of firms that have been found to
use forced labor; we then remove these firms from our list of
acceptable suppliers.
Nucor requires that all of our suppliers of charcoal-based
pig iron in Northern Brazil to either belong to the Citizens
Charcoal Institute (ICC) and subject their pig iron suppliers
to random, unannounced audits, or become signatories to
the National Pact to Eradicate Slave Labor in Brazil (the
National Pact) and comply with its commitments.
Nucor has become a patron of the Citizens Charcoal
Institute (ICC). As a patron, Nucor contributes to the
GOVERNANCE
DESCRIPTION
REPORTED
PAGE
Completely Reported
04-05
Statement from the most senior decision-maker of the organization (e.g., CEO,
chair, or equivalent senior position) about the relevance of sustainability to the
organization and its strategy.
ORGANIZATION PROFILE
2.1
Completely Reported
Cover
2.2
Completely Reported
09
2.4
Completely Reported
71
2.5
Completely Reported
09
2.6
Completely Reported
68
2.7
Partially Reported
08
2.8
Completely Reported
05, 68
Number of employees
Net sales (for private sector organizations) or net revenues
(for public sector organizations)
Total capitalization broken down in terms of debt and equity
(for private sector organizations)
Quantity of products or services provided
continued
69
70
NUCOR SUSTAINA B I L I T Y R E P O R T 2 0 0 9
GRI NUMBER
DESCRIPTION
REPORTED
PAGE
REPORT PARAMETERS
3.1
Completely Reported
05
3.4
Completely Reported
71
3.6
Completely Reported
06
3.7
Completely Reported
06
3.9
Completely Reported
42
3.12
Completely Reported
19, 31,
46, 47,
69-71
4.1
Completely Reported
66
4.2
Indicate whether the Chair of the highest governance body is also an executive
officer.
Completely Reported
66
4.3
For organizations that have a unitary board structure, state the number of members of the highest governance body that are independent and/or non-executive
members.
Completely Reported
66
4.4
Completely Reported
66
4.5
Completely Reported
66
4.8
Partially Reported
GOVERNANCE
44, 66
GOVERNANCE
GRI NUMBER
DESCRIPTION
REPORTED
PAGE
4.10
Partially Reported
66
4.12
Completely Reported
68
4.13
Completely Reported
68
4.14
Completely Reported
12, 22,
34, 50,
58
Partially Reported
66
Completely Reported
55
CORPORATE HEADQUARTERS
1915 Rexford Road
Charlotte, NC 28211
71
C O M M I T M E NT TO SUSTAINABILITY
ITS OUR
Nature
Amen, Ken.
DANIEL R. DIMICCO
1982PRESENT
WANT TO KNOW MORE ? SEE THIS REPORT AND OTHER ARTICLES @ NUCOR.COM
73
A SUSTAINABLE REPORT
1915 Rexford Road
Charlotte, NC 28211