TORONTO, Oct. 27,
2022 /CNW/ -- Waste Connections, Inc. (TSX/NYSE:
WCN) ("Waste Connections" or the "Company") today released its 2022
Sustainability Report highlighting advancement towards the
Company's aspirational ESG targets and the addition of a target for
emissions reduction. The updated report also provides expanded
ESG-related disclosure with the introduction of the Task Force on
Climate-Related Financial Disclosures (TCFD) reporting framework as
well as a new sustainability microsite and ESG hub.
"Our updated Sustainability Report details the efforts of over
20,000 employees who embody our values, culture and shared view of
sustainability as integral to our strategy for long-term value
creation," said Worthing F. Jackman,
President and Chief Executive Officer. "In 2021, we demonstrated
continued progress towards our ESG targets, as well as further
improvement in our "net zero" position and a two-year reduction in
emissions intensity of 18%, as we decreased emissions while
achieving outsized growth during the period. We believe these
results and our ongoing investments in sustainability-related
projects are emblematic of our commitment to the environment, our
employees, and the communities we are privileged to
serve."
Mr. Jackman added, "We continue to raise the bar on
accountability with the introduction of a target for further
reductions in Scope 1 and 2 emissions, along with a commitment to
work towards the adoption of a Science-Based Target Initiative
(SBTi) emissions reduction target."
Highlights of the 2022 Sustainability Report include:
- Reduction in Emissions and Introduction of New Targets:
Reduced Scope 1 and 2 emissions by 7% since 2019 while revenue grew
14%, driving an 18% reduction in emissions intensity; introduced a
new aspirational target to decrease Scope 1 and 2 emissions by 15%,
as well as a new target seeking continuous improvement in emissions
intensity.
- Further Improvement beyond "Net Zero" Position:
Expansion of our Net Climate Benefit Ratio, as internally generated
operational offsets resulted in the avoidance of 3.4 times the
emissions generated from our operations in 2021, up from prior year
levels due to a 6% increase in operational offsets and a reduction
in emissions.
- Increased Biogas Recovery with Pipeline for Additional
Growth: Increased biogas recovery in 2021 and expanded
near-term pipeline to 10 projects in development over the next two
to five years.
- Expanded Resources Recovered: Increased recycled tons
processed in 2021 and commenced construction of two greenfield
state-of-the-art recycling facilities with anticipated completion
by 2024.
- Improved Safety and Employee Engagement: Furthered
reductions in incident rates in 2021, with approximately 55% of
operating locations either posting zero incidents or driving
year-over-year improvements; continued improvement in employee
engagement as measured by annual Servant Leadership survey.
- $50 Million in
COVID-19-Related Employee Support: Continued employee support
in 2022, bringing total outlays since onset of the COVID-19
pandemic to over $50 million.
- Expanded ESG Transparency: Introduced TCFD framework
detailing climate-related risk assessment and strategy; expanded
diversity statistics through EE0-1 disclosure; and enhanced
Sustainability website with ESG hub.
The Waste Connections 2022 Sustainability Report is available at
www.wasteconnections.com/sustainability or by clicking the
following link: 2022 Sustainability Report
About Waste Connections
Waste Connections is an integrated solid waste services company
that provides non-hazardous waste collection, transfer and disposal
services, along with resource recovery primarily through recycling
and renewable fuels generation. The Company serves more than eight
million residential, commercial and industrial customers in mostly
exclusive and secondary markets across 43 states in the U.S. and
six provinces in Canada. Waste
Connections also provides non-hazardous oilfield waste treatment,
recovery and disposal services in several basins across the U.S.,
as well as intermodal services for the movement of cargo and solid
waste containers in the Pacific Northwest. For more information,
visit Waste Connections at wasteconnections.com.
Safe Harbor and Forward-Looking
Statements
This press release contains forward-looking statements within
the meaning of the safe harbor provisions of the U.S. Private
Securities Litigation Reform Act of 1995 ("PSLRA"), including
"forward-looking information" within the meaning of applicable
Canadian securities laws. These forward-looking statements are
neither historical facts nor assurances of future performance and
reflect Waste Connections' current beliefs and expectations
regarding future events and operating performance. These
forward-looking statements can be identified by the use of
forward-looking terminology such as "believes," "expects,"
"intends," "may," "might," "will," "could," "should" or
"anticipates," or the negative thereof or comparable terminology,
or by discussions of strategy. All of the forward-looking
statements included in this press release are made pursuant to the
safe harbor provisions of the PSLRA and applicable Canadian
securities laws. Forward-looking statements involve risks and
uncertainties. Forward-looking statements in this press release
include, but are not limited to, statements about the timing and
amount of investments and the ability to meet or exceed long-term,
aspirational sustainability targets. Important factors that could
cause actual results to differ materially from those in the
forward-looking statements include, but are not limited to, risk
factors detailed from time to time in the Company's filings with
the SEC and the securities commissions or similar regulatory
authorities in Canada. You should
not place undue reliance on forward-looking statements, which speak
only as of the date of this press release. Waste Connections
undertakes no obligation to update the forward-looking statements
set forth in this press release, whether as a result of new
information, future events, or otherwise, unless required by
applicable securities laws.
CONTACT:
|
|
Mary Anne Whitney /
(832) 442-2253
|
Joe Box / (832)
442-2153
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maryannew@wasteconnections.com
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joe.box@wasteconnections.com
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SOURCE Waste Connections, Inc.