Waste Management Publishes 2020 Sustainability Report and New Environmental, Social and Governance Resource Hub
October 13 2020 - 11:00AM
Business Wire
Report Provides Updates Toward 2038
Sustainability Goals; Focus on Greenhouse Gas Emissions
Reductions, Technology Innovations and People
Waste Management (NYSE: WM) released its 2020
Sustainability Report today, highlighting progress toward the
Company’s 2025 and 2038 sustainability goals, key performance
indicators, recycling advancements and recent awards.
Waste Management (WM) remains focused on improving and creating
sustainable solutions for all of its stakeholders. With a
commitment to consistent public disclosure, WM is shifting to an
annual reporting cadence, publishing content in two formats, to
further reporting transparency.
- The Sustainability Report, available as an interactive website
and PDF, details progress on important issues and annual
updates.
- Complementing the report, a new Environmental, Social and
Governance (ESG) Resource Hub provides easy access to data related
to performance, policies and initiatives. Relevant updates and an
archive of past reports are available within the ESG Resource
Hub.
“The world is rapidly changing and to sustain and succeed, we
must remain agile and adaptable,” said Jim Fish, WM president and
chief executive officer. “Our 2020 Sustainability Report is a
testament to how we address challenges and opportunities related to
the environment, social issues and governance. The report outlines
progress in 2019 and speaks to the shifts we made to power through
turbulent months, mitigate climate change, keep people first, and
work together with our communities.”
2020 Sustainability Report Highlights:
- WM’s People-First Culture WM’s Commitments and Values are
guiding principles to highlight what matters most: people,
customers, environment and a dedication to safety. WM’s internal
podcast, The Route, featured driver and veteran Taylor Krause’s
journey from working on the deck of an aircraft carrier to the
driver’s seat of a WM truck.
- Recycling As an industry leader committed to investing in
recycling infrastructure, WM keeps long-term sustainability in
mind. WM invested a total of more than $200 million in recycling
infrastructure across 2018 and 2019 and processed a record 15.5
million tons of material for beneficial use in 2019.
- Solving Waste Together WM helps customers manage waste in
environmentally responsible and valuable ways. Solutions come in
many forms from helping a well-known customer recycle car seats, to
increasing use of post-consumer resin in products. In collaboration
with Cascade Cart Solutions, WM is testing the industry’s first
EcoCarts.
- Providing Long-Term Value When landfills reach capacity, they
don’t reach the end of their useful life. WM converts some closed
landfill land into beneficial assets, including recreational
spaces, wildlife habitats and hosting solar energy development
projects with eight sites collectively generating 60 megawatts of
power.
- Mitigating Climate Change and Reducing Emissions WM tackles
climate change through reductions in greenhouse gas emissions from
landfills, fleet and electricity use, and through recycling
services. Over the past decade, WM has reduced its carbon intensity
as measured by emissions per ton of waste disposed. WM consistently
reduces fleet GHG emissions per mile driven, working toward a
science-based target to cut fleet emissions by 45 percent by 2038,
against a 2010 baseline. By the end of 2019, for every 1,000 miles
driven, WM had reduced our GHG emissions by 32%, and total GHG
emissions by 36% for our collection and support fleet.
The report’s interactive microsite invites visitors on a journey
to see how WM collects, processes and safely manages waste by
partnering to build value together.
ABOUT WASTE MANAGEMENT
Waste Management, based in Houston,
Texas, is the leading provider of comprehensive waste management
environmental services in North America. Through its subsidiaries,
the Company provides collection, transfer, disposal services, and
recycling and resource recovery. It is also a leading developer,
operator and owner of landfill gas-to-energy facilities in the
United States. The Company’s customers include residential,
commercial, industrial, and municipal customers throughout North
America. To learn more information about Waste Management,
www.wm.com.
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MEDIA Janette Micelli jmicelli@wm.com 602-579-6152 ANALYSTS Ed
Egl eegl@wm.com 713-265-1566
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