To address the environmental impacts associated with its waste collection vehicles, the company is increasingly purchasing natural gas vehicles and aims to increase its fleet efficiency by 15% by 2020 from its 2007 baseline. Waste Management has also expanded its mission beyond waste hauling to extracting value from waste; stating, “Increasingly, trash is seen as too valuable to just throw away.” Waste Management also provides consulting to customers on sustainability principles and goals across business operations, including efficient use of materials and design for disassembly. For example, the company worked with two Alcoa aluminum plants to develop a resource recovery plan that reclaims over 20 tons of aluminum oxide per week. Waste Management produces power by capturing methane gas at over 45% of its landfills; the company also owns incineration, or waste-to-energy, plants and independent power plants. By 2020, Waste Management’s goal is to power more than 2 million homes from its energy production facilities.
Portfolio 21 will monitor the company’s environmental management practices and has requested that Waste Management establish long-term carbon dioxide reduction goals.
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 5/31/14 and may not reflect current opinions or subsequent events.