SAN JOSE, CA, JUNE 15, 2023 – GreenWaste®, a full-service resource recovery and recycling company, today announced the release of its 2022 Sustainability Report. The report references the Global Reporting Initiative (GRI) sustainability framework and highlights GreenWaste’s commitment to environment, social, and governance (ESG) reporting and its culture of safety-first and innovation.
“We’re excited to share our industry-leading ESG performance,” said Tracy Adams, President and Chief Executive Officer. “As we look to the future, GreenWaste is taking action to reduce our scope 1 and scope 2 emissions by 45% by 2030 and to be net zero by 2040.”
Highlights from GreenWaste’s 2022 Sustainability Report include:
- GreenWaste is targeting a 45% decrease from 2022 baseline in Scope 1 and Scope 2 emissions by 2030 and to be net zero by 2040.
- 100% of GreenWaste’s collection fleet is powered by renewable or alternative fuel.
- GreenWaste diverted more than 1,000,000 tons of material from disposal in 2022.
- GreenWaste transformed more than 500,000 tons of yard trimmings, food scraps, and other organic material into renewable energy and OMRI-listed organic mulch and compost in 2022.
- 92.8% of GreenWaste’s employee population identifies as a racial minority.
- 75% of GreenWaste senior managers were internally promoted from such roles as customer service, sorting, driving, and outreach.
GreenWaste is and remains dedicated to fostering a diverse and inclusive workforce, supporting local communities, and upholding transparent, ethical conduct and corporate governance. “We are a company that is built on a diverse culture and workforce and steadfast in its commitment to do right by each other, our communities, and the environment,” said Adams. “I am extremely proud of what our team has accomplished and am looking forward to what we will continue to achieve in the future.”
To learn more about GreenWaste’s sustainability program and A Greener Way to a Better World™, visit greenwaste.com/sustainability.
About GreenWaste
GreenWaste’s mission is to focus on innovation, people and commitment to be green first to revolutionize how we transform the world’s waste. GreenWaste specializes in the collection and processing of residential and commercial solid waste, recyclable materials, organic materials and construction and demolition debris. GreenWaste’s current and predecessor companies have been innovation pioneers in the recycling industry for almost four decades. For more information about GreenWaste, go to: www.GreenWaste.com
Forward-looking Statements
This press release contains “forward-looking statements” that may include but are not limited to statements about integration of the acquisition and outcomes of the acquisition, including future operations, synergies, cost savings, and impact on earnings, cash flow, revenue, return on capital, shareholder returns, strength of the balance sheet or credit ratings, future capital allocation, and future leverage ratio, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as “expect,” “likely,” “outlook,” “forecast,” “preliminary,” “would,” “could,” “should,” “can,” “will,” “project,” “intend,” “plan,” “goal,” “guidance,” “project,” “target,” “continue,” “sustain, “objective,” “synergy,” “on track,” “believe,” “seek,” “estimate,” “anticipate,” “may,” “possible,” “assume,” and variations of such words and similar expressions are intended to identify such forward-looking statements. Potential investors and other readers should view these statements with caution and should not place undue reliance on such statements. Any forward-looking statement made by GreenWaste is based on information and estimates currently available and known to GreenWaste as of the date the statement is made. Such forward-looking statements are not guarantees of performance and are subject to risks and uncertainties that could cause actual results to be materially different from those, whether express or implied, set forth in such forward-looking statements, including but not limited to, general economic and capital markets conditions; acts of war, terrorism, natural disaster, public health risk and other impacts, including increased costs, social and commercial disruption, service reductions and other adverse effects on business, financial condition, results of operations and cash flows; legal proceedings that may be instituted related to the acquisition; unexpected costs, charges or expenses; disruption from the transaction impacting business relationships and operations; inability to timely or failure to successfully close or integrate the acquisition, implement plans, obtain permits, realize anticipated synergies or obtain results anticipated; and other risks and uncertainties described in GreenWaste’s financial reporting. Except to the extent required by law, GreenWaste does not assume any obligation to publicly update any forward-looking statement that may be made from time to time, whether written or oral, including financial estimates and forecasts, whether as a result of new or future information, events, circumstances, developments or otherwise.
Contact
Fredrick Ghai | fredrick.ghai@greenwaste.com