Environmental, Social and Governance: Page 4
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Rubicon founder Nate Morris steps down as CEO soon after taking company public
Phil Rodoni, previously the company’s chief technology officer, has been elevated to the lead role. Rubicon has seen its financial standing decline less than two months after going public.
By Cole Rosengren • Oct. 14, 2022 -
Republic follows WM, Stericycle in agreeing to civil rights audit
Republic says it will conduct an independent audit despite shareholders voting down a similar proposal in May. Groups including the Teamsters and As You Sow want the company to be more transparent about environmental justice.
By Megan Quinn • Oct. 7, 2022 -
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 -
RoadRunner Recycling buys Compology to scale AI, metering in collection service
RoadRunner, which provides service through third-party haulers, has raised nearly $130 million to date as it scales quickly. Compology’s AI and camera capabilities will expand its data offerings for ESG-driven customers.
By Cole Rosengren • Oct. 6, 2022 -
Where Cyclyx, ExxonMobil, McKinsey and Casella see chemical recycling going next
During a recent MIT event, the CEO of the Cyclyx consortium said waste companies and MRF operators could play a key role in supporting a transition toward chemical recycling.
By Cole Rosengren • Sept. 30, 2022 -
US Plastics Pact launches program to boost reuse and refill concepts
Members of the brand-backed group aim to make their plastic packaging 100% reusable, recyclable or compostable by 2025, but the current scope of U.S. reuse systems remains limited.
By Megan Quinn • Sept. 20, 2022 -
US Plastics Pact activators see federal policy as key to achieving 2025 packaging reduction goals
During a recent webinar, speakers from Mars and Keurig Dr Pepper outlined incremental progress on rethinking their packaging strategies and called for further federal action to accelerate this shift.
By Megan Quinn • Sept. 15, 2022 -
Deep Dive
National Sword kicked off a wave of MRF investments. 5 years later, tech and funding continue to advance.
While the initial shock led facility operators to scramble, many have since invested millions in new equipment to improve material quality. Now, brand commitments and state policies are expected to be the next big market drivers.
By Megan Quinn • Sept. 14, 2022 -
Q&A
WM’s VP of recycling discusses what the Avangard acquisition means for plastic markets
WM has invested in secondary processing ventures before, but VP Brent Bell said the market conditions make this round different. He also shared what the deal could mean for a Honeywell chemical recycling proposal and more.
By Cole Rosengren • Sept. 14, 2022 -
Divert seeks to scale food waste prevention tech, recycling platform with $100M investment
CEO Ryan Begin said the company is coming out of stealth mode after cultivating a large retail client base. He discussed rethinking the food recovery hierarchy and previewed multiple new digester projects.
By Cole Rosengren • Aug. 31, 2022 -
Plugging $1B for alternative fuel vehicles, EPA head test-drives electric garbage truck
Inflation Reduction Act funding will be available “to replace dirty heavy-duty trucks with zero-emission models,” a recent video with EPA Administrator Michael Regan highlighted.
By Maria Rachal • Aug. 30, 2022 -
Q&A
LRS CEO outlines how M&A and sustainability are creating a Midwest powerhouse
One year into Macquarie’s ownership of LRS, CEO Alan Handley shared what’s next for the company’s expansion, talked plans to hit a $600 million revenue run rate, previewed a new Chicago MRF and more.
By Cole Rosengren • Aug. 30, 2022 -
Deep Dive
Domestic destinations for recycled paper and plastic are growing. Is National Sword the reason?
A wave of investments occurred in the U.S. over the last five years, but experts debate how much is due to China's scrap import restrictions versus other economic, environmental and geopolitical factors.
By Katie Pyzyk • Aug. 22, 2022 -
Archaea talks expanding RNG venture with Republic, significant implications of new federal tax credits
During a Tuesday earnings call, executives discussed their growing joint venture with Republic Services and newly attractive carbon sequestration and hydrogen projects supported by the Inflation Reduction Act.
By Cole Rosengren • Aug. 17, 2022 -
Rubicon stock begins trading, company reports nearly $197M in proceeds from SPAC deal
The Kentucky-based technology company has started trading on the New York Stock Exchange under the symbol RBT, with plans for further expansion following the new influx of capital.
By Cole Rosengren • Aug. 16, 2022 -
Biogas industry applauds House passage of Inflation Reduction Act with ‘historic’ implications
Anaergia and the American Biogas Council said new tax credits and other provisions will be a boon for anaerobic digestion and landfill gas projects. The bill also has implications for Superfund projects and corporate tax policy.
By Megan Quinn • Aug. 15, 2022 -
Republic Services ESG reports call out growing risks from extreme heat, rainfall
These chronic climate risks could interrupt business, diminish productivity, risk worker safety and damage facilities, according to analysis in two 2021 ESG reports the company recently released.
By Maria Rachal • Aug. 12, 2022 -
Q&A
How WIN Waste Innovations’ unique set of WTE, landfill and rail assets positions it for industry expansion
In an exclusive interview at its headquarters a little over a year after the company's formation, CEO Robert Boucher discussed a possible IPO, upcoming ESG initiatives and the outlook for legacy Wheelabrator facilities.
By Cole Rosengren • Aug. 11, 2022 -
Food waste tech firm Afresh raises $115M
The Series B funding round, which included a former Whole Foods executive as an investor, will help scale the technology to “thousands” more stores.
By Catherine Douglas Moran • Aug. 8, 2022 -
RSG 2022 earnings
Republic Services eyes $600M in 2022 acquisition spending outside of US Ecology
With the recently purchased environmental solutions business delivering on planned cost savings, Republic’s future pipeline will focus primarily on recycling and solid waste transactions, execs said during their earnings call.
By Maria Rachal • Aug. 5, 2022 -
What the Inflation Reduction Act proposal means for biogas producers and alternative fuel vehicles
Supporters such as the American Biogas Council and RNG Coalition say several provisions could help grow RNG markets, but the National Waste & Recycling Association says a corporate tax hike will hurt business.
By Megan Quinn • Aug. 4, 2022 -
Q2 earnings results for major waste and recycling companies
Catch up on the latest round of financial results from WM, Republic Services, Waste Connections, GFL Environmental, Casella Waste Systems, Clean Harbors and Stericycle.
Updated Aug. 10, 2022 -
WCN 2022 earnings
Waste Connections expects to acquire at least $470M in revenue this year, pricing drives Q2 results
CEO Worthing Jackman previewed what he estimates will be “double-digit revenue growth in 2023” due to further M&A activity, solid waste pricing increases and revenues from E&P waste services.
By Megan Quinn • Aug. 3, 2022 -
Clean Harbors says industrial reshoring is helping waste pipeline, reports Georgia acquisition
The environmental services company saw significant growth in its latest results, touting signs it thinks will continue in the months ahead. During their earnings call, executives also discussed capacity expansion, PFAS and ESG impacts.
By Cole Rosengren • Aug. 3, 2022 -
GFL 2022 earnings
GFL Environmental largely overcomes inflation through pricing and fuel charges, raises 2022 revenue guidance
Executives outlined ongoing efforts to recover direct fuel costs, similar to existing programs by major competitors, and shared an updated outlook on acquisition strategy given the inflationary environment.
By Cole Rosengren • July 28, 2022 -
Sprite shifting from green to clear bottles to boost recycling
Coca-Cola, which is also moving to 100% recycled plastic Dasani bottles in North America, says it aims to support a circular packaging economy.
By Chris Casey • July 28, 2022