Waste Management provides comprehensive waste management solutions services in North America. The company operates through two segments: Solid Waste and Other. Waste Management operates nearly 300 transfer facilities, 250 solid waste landfills and over 125 traditional recycling facilities. The company and its approximately 40,000 employees serve more than 21 million customers.
Waste Management aims to continually reduce emissions, waste and environmental impacts. The company’s ‘green business’ category accounts for a majority of its revenues, as it manages over 15 million tons of recyclable commodities each year. Waste Management captures landfill gas for use as fuel as well, providing enough energy to power approximately 470,000 homes and replace over 2.5 million tons of coal per year. Additionally, the company uses roughly 2,000 natural gas vehicles, which produce 95% fewer carbon dioxide emissions than diesel trucks and help avoid more than 30,000 tons of CO2 emissions annually. Waste Management has already met its 2020 goal for fleet emissions and has other targets for its amount of recyclables managed and waste-based energy production. The company hopes to convert old landfills into 100 certified wildlife habitat sites and to protect more than 25,000 acres by 2020, too. Waste Management works closely with its customers in order to educate households on recycling and conservation practices. The company donates more than $13 million to local communities and charities each year.
Waste Management lacks a long-term greenhouse gas reduction goal for its companywide operations. Additionally, the company has been indicted for violating the Clean Water Act after its landfill failed to properly contain runoff. Environmental groups have raised concerns regarding Waste Management’s hazardous waste sites due to their detrimental impact on the environment and human health.
Country: United States
To the best of our knowledge the above information is accurate and was obtained from sources we believe to be reliable. Neither the information presented above nor any opinion expressed shall be construed as an offer to sell or a solicitation to buy the security. The views expressed are those of portfolio management as of 12/31/16 and may not reflect current opinions or subsequent events.