Environmental, Social and Governance: Page 4
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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, ESG 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 -
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 -
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