Waste Management Recognized With Prestigious ‘A’ Score for Climate Leadership
December 09 2020 - 3:00PM
Business Wire
Waste Management has been recognized for leadership in corporate
sustainability by global environmental non-profit CDP, securing a
place on its prestigious ‘A List’ for tackling climate change.
Waste Management was recognized for its actions to cut
emissions, mitigate climate risks and develop the low-carbon
economy, based on the data reported by the company through CDP’s
2020 climate change questionnaire.
“Waste Management is very pleased to be listed on CDP’s A List
for the fifth year in a row, once again acknowledging our
leadership in environmental action,” said Jim Fish, president and
CEO of Waste Management. “We are tackling climate change with our
ambitious 2038 goal to reduce, offset and avoid four times the
emissions we generate in our operations. Our low-carbon products
and services currently reduce, offset and avoid three times the
emissions we generate.”
Waste Management is one of a small number of high-performing
companies out of 5,800+ that were scored. Through significant
demonstrable action on climate, Waste Management is leading on
corporate environmental ambition, action and transparency
worldwide.
CDP’s annual environmental disclosure and scoring process is
widely recognized as the gold standard of corporate environmental
transparency. In 2020, over 515 investors with over US$106 trillion
in assets and 150+ major purchasers with US$4 trillion in
procurement spend requested companies to disclose data on
environmental impacts, risks and opportunities through CDP’s
platform. Over 9,600 responded – the highest ever.
A detailed and independent methodology is used by CDP to assess
these companies, allocating a score of A to D- based on the
comprehensiveness of disclosure, awareness and management of
environmental risks and demonstration of best practices associated
with environmental leadership, such as setting ambitious and
meaningful targets. Those that don’t disclose or provided
insufficient information are marked with an F.
Paul Simpson, CEO of CDP, said: “We extend our congratulations
to all the companies on this year’s A List. Taking the lead on
environmental transparency and action is one of the most important
steps businesses can make, and is even more impressive in this
challenging year marked by COVID-19. The scale of the risk to
businesses from climate change, deforestation and water insecurity
is enormous, and we know the opportunities of action far outweigh
the risks of inaction. Leadership from the private sector will
create an ‘ambition loop’ for greater government action and ensure
that global ambitions for a net zero sustainable economy become a
reality. Our A List celebrates those companies who are preparing
themselves to excel in the economy of the future by taking action
today.”
The full list of companies that made this year’s CDP A List is
available here, along with other publicly available company scores:
https://www.cdp.net/en/companies/companies-scores.
Waste Management released its 2020 Sustainability Report in
October, highlighting progress toward the Company’s 2025 and 2038
sustainability goals, key performance indicators, recycling
advancements and recent awards. A new Environmental, Social and
Governance (ESG) Resource Hub complements the Sustainability
Report.
About Waste Management
Waste Management, based in Houston, Texas, is the leading
provider of comprehensive waste management environmental services
in North America. Through its subsidiaries, the Company provides
collection, transfer, disposal services, and recycling and resource
recovery. It is also a leading developer, operator and owner of
landfill gas-to-energy facilities in the United States. The
Company’s customers include residential, commercial, industrial,
and municipal customers throughout North America. To learn more
information about Waste Management, visit www.wm.com or
www.thinkgreen.com.
About CDP
CDP is a global non-profit that drives companies and governments
to reduce their greenhouse gas emissions, safeguard water resources
and protect forests. Voted number one climate research provider by
investors and working with institutional investors with assets of
US$106 trillion, we leverage investor and buyer power to motivate
companies to disclose and manage their environmental impacts. Over
9,600 companies with over 50% of global market capitalization
disclosed environmental data through CDP in 2020. This is in
addition to the hundreds of cities, states and regions who have
disclosed, making CDP’s platform one of the richest sources of
information globally on how companies and governments are driving
environmental change. CDP is a founding member of the We Mean
Business Coalition. Visit https://cdp.net/en or follow us @CDP to
find out more.
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version on businesswire.com: https://www.businesswire.com/news/home/20201209005951/en/
Waste Management
Website www.investors.wm.com
Analysts Ed Egl 713.265.1656 eegl@wm.com
Media Janette Micelli 602.579.6152 jmicelli@wm.com
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