Waste Management’s Five-year Recycling Investments Expected to Exceed $700 Million By 2022
Over the past two years, WM has opened new materials recovery facilities (MRFs) in
“As consumer-packaged goods companies continue to set aggressive 2025 and 2030 goals for recycled content – in many cases approaching 50 percent – solutions need to scale, especially related to plastics, as plastic capture must grow five times to meet these targets,” said
WM also expects to upgrade much of its remaining recycling facility network. MRFs in
These recycling investments play an important role in WM’s commitment to sustainability, contributing to WM’s support of the circular economy, while helping WM customers achieve recycling and environmental goals. Since 2019, recycling of specific types of plastic such as polypropylene (#5 PP) has increased by as much as 40 percent, including items such as shampoo and medicine bottles, yogurt cups, skin care lotions and deodorant containers.
The announcement follows the release of the WM 2021 Sustainability Report, where the company noted achievements including how WM implemented employee uniforms made of Unifi’s REPREVE fiber, woven with recycled plastic; exceeded its 2025 goal to have more than half of its compressed natural gas fleet powered by RNG; and expanded its Your Tomorrow benefit paying for education and upskilling opportunities for both employees and their dependents starting in 2022.
Visit WM’s sustainability website at https://sustainability.wm.com/ to learn more about how the company is always working for a sustainable tomorrow.
ABOUT WASTE MANAGEMENT
WM (Waste Management) is the leading provider of comprehensive environmental services in
Waste Management, from time to time, provides estimates, comments on expectations relating to future periods and makes statements of opinion, view or belief about current and future events. This press release contains such forward-looking statements, including all statements regarding the amount and timing of future investment in recycling infrastructure; results of such investments; timing and nature of enhancements to recycling facilities; future volume, demand and outlets for recycled material; and all other statements pertaining to future business performance, operations or results. You should view these statements with caution. They are based on the facts and circumstances as of the date the statements are made and are subject to risks and uncertainties that could cause actual results to be materially different, including but not limited to, failure to implement our optimization, growth, and cost savings initiatives and overall business strategy; competing capital allocation needs; impacts of COVID-19 and related regulations; macroeconomic pressures and market disruption resulting in labor, supply chain and transportation constraints and inflationary cost pressure; increased competition; pricing actions; commodity price fluctuations; international trade restrictions; disposal alternatives; weakness in general economic conditions; failure to develop and protect new technology; and failure of technology to perform as expected. Please also see Part I, Item 1A of Waste Management’s most recently filed Annual Report on Form 10-K, as supplemented by subsequent Form 10-Qs, available on the “Investors” page of www.wm.com, for additional information regarding these and other risks and uncertainties. The Company assumes no obligation to update any forward-looking statement, whether as a result of future events, circumstances or developments or otherwise.
Source: Waste Management