Environmental, Social and Governance: Page 3
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WM 2022 earnings
WM boosts planned MRF and RNG spending by $590M, sees signs of inflation easing
Volumes may be flat, and recycling values are down, but executives hope cost control measures and long-term investments will offset headwinds. They said federal regulations are driving an attractive environment for RNG projects.
By Cole Rosengren • Feb. 1, 2023 -
Battery electric could be 63% of refuse truck sales come 2030: report
Electrification incentives like those in the Inflation Reduction Act may accelerate fleet conversions in the waste industry, a new analysis shows. Mack Trucks and Casella are among the companies working toward that this year.
By Maria Rachal • Jan. 31, 2023 -
Trendline
The Waste Dive Outlook on 2022
Get up to speed on what may be coming next around M&A, labor solutions, ESG investment trends, federal regulation, state policy, environmental justice, local programs and more.
By Waste Dive staff -
WTE trade group reemerges with backing from Covanta, WIN Waste and local governments
The sector’s two largest companies, plus notable public sector facility owners such as Florida’s Miami-Dade County, hope the Waste-to-Energy Association can help them reframe environmental discussions.
By Cole Rosengren • Jan. 31, 2023 -
Q&A
Covanta CEO promises ‘vastly different’ approach for the company
Azeez Mohammed, who joined the company as part of its 2021 sale to EQT Infrastructure, talks through a wave of strategic changes in his first extended interview on the job.
By Cole Rosengren • Jan. 26, 2023 -
The Waste Dive Outlook on 2023
What you need to know on industry trends to watch, the hiring landscape, fleet maintenance and more to come as the new year gets underway.
By The Waste Dive Team • Updated Feb. 15, 2023 -
2023 outlook
6 waste and recycling trends to watch in 2023
The effects of ongoing M&A, the biogas boom, and regulatory and financial debates around plastics are among the most complex topics on Waste Dive’s radar in the new year.
By Cole Rosengren , Megan Quinn , Maria Rachal • Jan. 12, 2023 -
What environmental justice mapping tools mean for the waste industry
A review of reports from WM, Republic Services and Waste Connections shows an increasing level of data from tools such as EPA’s EJScreen about the potential effects of waste sites on surrounding communities.
By Myisha Majumder • Jan. 5, 2023 -
By the numbers: 2022 waste and recycling trends with implications for 2023
Key data points on some of the top issues — M&A, ESG, inflation and policy — that illustrate another eventful year for the industry.
By Megan Quinn , Cole Rosengren , Maria Rachal • Jan. 4, 2023 -
Top interviews with waste and recycling leaders in 2022
Read some of the year’s most popular conversations with CEOs from Republic Services, WIN Waste Innovations, LRS and Vanguard Renewables, as well as leaders from WM, the U.S. EPA and other organizations.
Dec. 22, 2022 -
PepsiCo aims to double amount of reusable packaging to 20% by 2030
To meet the target, the beverage giant plans to prioritize four areas, including growing the company’s SodaStream platform and expanding its refillable plastic and glass bottle offerings.
By Christopher Doering • Dec. 6, 2022 -
The US waste and recycling industry in 2022 — what you need to know
Stories on M&A, recycling policy and organics recycling expansion — and how the economy and environmental justice considerations are shaping the industry’s path forward — have driven the news this year.
Dec. 5, 2022 -
GFLÂ launches first ESG targets, aiming to reduce GHG emissions 15% by 2030
The Canada-based company’s first set of detailed targets comes after its landfill portfolio has doubled in recent years. GFL is focusing on renewable natural gas projects as well as alternative fuel vehicles in the years ahead.
By Cole Rosengren • Nov. 29, 2022 -
Rubicon announces layoffs, debt restructuring to stabilize company
The waste broker was previously facing serious liquidity issues, with $102.6 million worth of debt once set to mature in November. A software deal with Palantir Technologies was cited among its notable costs.
By Cole Rosengren • Nov. 21, 2022 -
Rubicon pledges ‘progress to profitability’ and shares plans to grow company’s earnings potential
In Rubicon’s first earnings call since going public and seeing its founder step down, CEO Phil Rodoni named “profitability as the core tenet of our strategy and corporate culture going forward” and announced a new company president.
By Cole Rosengren • Nov. 10, 2022 -
Q&A
Upstream CEO talks about the role of EPR in expanding reuse-refill, ‘golden opportunity’ for recycling industry
The reuse-refill sector has become increasingly mainstream, as shown by the nonprofit’s Reusies award event. Matt Prindiville shares his latest outlook on where it’s going next and how the traditional waste industry can be involved.
By Cole Rosengren • Nov. 7, 2022 -
GFL 2022 earnings
GFL Q3 revenue jumps, ESGÂ targets to come this month
GFL Environmental’s revenue bump came amid economic headwinds and notable costs related to fuel, trucks and MRF fires, as discussed on its earnings call Thursday.
By Maria Rachal • Nov. 3, 2022 -
Clean Harbors names co-CEOs in first major leadership change since its founding
Founder Alan McKim, who has led the environmental services company for 42 years, said he’ll still help drive M&A strategy and will pass off current responsibilities to multiple leaders.
By Maria Rachal • Nov. 2, 2022 -
Waste Connections reports a decline in GHG emissions despite acquisitions, sets new ESG targets
The company plans investments in RNG facilities, MRFs and electric collection vehicles as well as new goals to cut Scope 1 and 2 emissions by 15%, building on a recent decline of 7%, it said in its 2022 sustainability report.
By Cole Rosengren • Oct. 31, 2022 -
Q3 earnings results for major waste and recycling companies
Follow the latest round of financial results from WM, Republic Services, Casella Waste Systems, Waste Connections, GFL Environmental and more.
Updated Dec. 1, 2022 -
Plastic recycling rates are low. Could better data collection help?
Better collaboration between stakeholders and more formalized laws around recycling data collection would give the U.S. a better road map for improving recycling, speakers at a webinar from The Recycling Partnership said.
By Megan Quinn • Oct. 27, 2022 -
Casella narrows ESG focus to 5 key targets for 2030
The Vermont-based company previously set 10 ESG targets in its 2020 report but has narrowed the focus to five key metrics related to emissions reduction, recycling volumes, fleet efficiency and more.
By Cole Rosengren • Oct. 27, 2022 -
WM sets new ESG targets for GHG emissions, recycling volumes, diversity and more
The company’s first full-year report since acquiring Advanced Disposal Services shows an emissions uptick, but WM says upcoming investments will reverse that.
By Cole Rosengren • Oct. 26, 2022 -
Rubicon’s stock has struggled since going public. Is the SPAC trend to blame?
The tech company — which brokers waste and recycling services — rang the opening bell on Wall Street this week after its stock price declined and its founder stepped down as CEO. Analysts say a turnaround is still possible.
By Cole Rosengren • Oct. 21, 2022 -
Why are PET prices declining? Experts cite a ‘confluence of events’ tied to the shifting economy
The summer’s steep dips have slowed, but economic indicators suggest more short-term turbulence could be afoot. Analysts say it’s too soon to draw conclusions about how this relates to brands’ recycled content commitments.
By Katie Pyzyk • Oct. 19, 2022 -
BP acquiring landfill RNG company Archaea for $4.1B
The pending transaction comes barely a year after Archaea Energy, a fast-growing developer of landfill gas projects, went public. The deal is described as a way for BP to support customers’ decarbonization goals.
By Cole Rosengren • Oct. 17, 2022