Company recognized for “doing well by doing good”
HOUSTON--(BUSINESS WIRE)--Aug. 21, 2015--
Waste Management (NYSE:WM) has been named to Fortune Magazine’s
first ever “Change the World” list, which ranks companies that have made
a sizable impact on major global social or environmental problems as
part of their competitive strategy. Waste Management debuted at 46 on
the list of companies who Fortune says are “doing well by doing
good.”
“We are enormously flattered to be recognized on Fortune Magazine’s
inaugural Change the World list,” said David Steiner, President and
Chief Executive Officer of Waste Management. “This is a true testament
to the amazing work our nearly 40,000 employees do each and every day
for our customers, communities and the environment. Having this work
recognized by Fortune and being in the company of 50 other great
businesses is both a real honor and very humbling. We thank the teams
from Fortune, FSG, and the Shared Value Initiative for
recognizing Waste Management as an industry leader in recycling and as a
company committed to making recycling work - economically and
environmentally."
Fortune evaluated companies based on four criteria: the degree of
business innovation involved, the measurable impact at scale on an
important social challenge, the contribution of the shared-value
activities to the company’s profitability and competitive advantage, and
the significance of the shared value effort to the overall business.
Fortune also enlisted the help of FSG, a nonprofit social-impact
consulting firm, and the Shared Value Initiative, a global community of
leaders who find business opportunities in societal challenges, in order
to identify and vet more than 200 nominees. The nominees were then
vetted by a team of Fortune journalists who selected and ranked
the final 51 companies.
ABOUT WASTE MANAGEMENT
Waste Management, based in Houston, Texas, is the leading provider of
comprehensive waste management services in North America. Through its
subsidiaries, the company provides collection, transfer, recycling and
resource recovery, and disposal services. 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150821005447/en/
Source: Waste Management
Waste Management
Toni Beck, 713-394-5093
Tbeck3@wm.com