Environmental, Social and Governance: Page 5
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Rubicon stock begins trading, company reports nearly $197M in proceeds from SPAC deal
The Kentucky-based technology company has started trading on the New York Stock Exchange under the symbol RBT, with plans for further expansion following the new influx of capital.
By Cole Rosengren • Aug. 16, 2022 -
Biogas industry applauds House passage of Inflation Reduction Act with ‘historic’ implications
Anaergia and the American Biogas Council said new tax credits and other provisions will be a boon for anaerobic digestion and landfill gas projects. The bill also has implications for Superfund projects and corporate tax policy.
By Megan Quinn • Aug. 15, 2022 -
Republic Services ESG reports call out growing risks from extreme heat, rainfall
These chronic climate risks could interrupt business, diminish productivity, risk worker safety and damage facilities, according to analysis in two 2021 ESG reports the company recently released.
By Maria Rachal • Aug. 12, 2022 -
Q&A
How WIN Waste Innovations’ unique set of WTE, landfill and rail assets positions it for industry expansion
In an exclusive interview at its headquarters a little over a year after the company's formation, CEO Robert Boucher discussed a possible IPO, upcoming ESG initiatives and the outlook for legacy Wheelabrator facilities.
By Cole Rosengren • Aug. 11, 2022 -
Food waste tech firm Afresh raises $115M
The Series B funding round, which included a former Whole Foods executive as an investor, will help scale the technology to “thousands” more stores.
By Catherine Douglas Moran • Aug. 8, 2022 -
RSG 2022 earnings
Republic Services eyes $600M in 2022 acquisition spending outside of US Ecology
With the recently purchased environmental solutions business delivering on planned cost savings, Republic’s future pipeline will focus primarily on recycling and solid waste transactions, execs said during their earnings call.
By Maria Rachal • Aug. 5, 2022 -
What the Inflation Reduction Act proposal means for biogas producers and alternative fuel vehicles
Supporters such as the American Biogas Council and RNG Coalition say several provisions could help grow RNG markets, but the National Waste & Recycling Association says a corporate tax hike will hurt business.
By Megan Quinn • Aug. 4, 2022 -
Q2 earnings results for major waste and recycling companies
Catch up on the latest round of financial results from WM, Republic Services, Waste Connections, GFL Environmental, Casella Waste Systems, Clean Harbors and Stericycle.
Updated Aug. 10, 2022 -
WCN 2022 earnings
Waste Connections expects to acquire at least $470M in revenue this year, pricing drives Q2 results
CEO Worthing Jackman previewed what he estimates will be “double-digit revenue growth in 2023” due to further M&A activity, solid waste pricing increases and revenues from E&P waste services.
By Megan Quinn • Aug. 3, 2022 -
Clean Harbors says industrial reshoring is helping waste pipeline, reports Georgia acquisition
The environmental services company saw significant growth in its latest results, touting signs it thinks will continue in the months ahead. During their earnings call, executives also discussed capacity expansion, PFAS and ESG impacts.
By Cole Rosengren • Aug. 3, 2022 -
GFL 2022 earnings
GFL Environmental largely overcomes inflation through pricing and fuel charges, raises 2022 revenue guidance
Executives outlined ongoing efforts to recover direct fuel costs, similar to existing programs by major competitors, and shared an updated outlook on acquisition strategy given the inflationary environment.
By Cole Rosengren • July 28, 2022 -
Sprite shifting from green to clear bottles to boost recycling
Coca-Cola, which is also moving to 100% recycled plastic Dasani bottles in North America, says it aims to support a circular packaging economy.
By Chris Casey • July 28, 2022 -
WM 2022 earnings
WM raises 2022 guidance, plans to restart notable M&A spending
CEO Jim Fish said during the company’s July 27 earnings call that even if an economic slowdown occurs, WM is well-positioned to gain market share. New investments in RNG projects and MRF automation are also progressing.
By Cole Rosengren • July 27, 2022 -
SWEEP sustainability standard pilot moving forward after pandemic slowdowns
Numerous companies and municipalities in the pilot are about halfway through their certification process. There’s flexibility in the work-at-your-own-pace model, but COVID-19 and staff turnover have slowed progress.
By Maria Rachal • July 26, 2022 -
Gartner: CFOs likely to reduce sustainability spend before talent development, tech
Economic pressures could lead chief financial officers to cut down on investments in sustainability despite a growing executive focus on ESG, Gartner finds.
By Grace Noto • July 26, 2022 -
Deep Dive
Can carbon capture make incinerators a net-zero solution? European operators aim to find out.
Climate goals are inspiring European operators to explore new technologies for their emissions, yet the environmental and financial outcomes remain to be seen. Skeptics say reduction, reuse and recycling are still the best options.
By Leslie Nemo • July 26, 2022 -
Q&A
Vanguard Renewables CEO on $700M sale to BlackRock, digester expansion and landfill competition
Neil Smith, who joined Vanguard after leading an energy company during a similar period of expansion, breaks down what the sale means for the company’s efforts to launch dozens of RNG-producing facilities.
By Cole Rosengren • July 25, 2022 -
Republic Services reports on progress toward 2030 climate goals, restates emissions accounting
The company says it’s on track to reduce greenhouse gas emissions and boost recovery of certain “key materials,” with more electric vehicles on the way. It has also begun using an industry-created emissions standard.
By Cole Rosengren • Updated July 22, 2022 -
Gainesville, Florida, seeks to be Southeast leader with major EV deployment, zero-waste policies
The college town is aiming to be a regional leader when it comes to reuse, edible food recovery and other areas. An upcoming contract with GFL Environmental also calls for dozens of electric collection vehicles.
By Maria Rachal • July 19, 2022 -
Deep Dive
As organics depackager equipment market grows, so do concerns over microplastics contamination
Companies like Vanguard Renewables are investing millions to facilitate commercial organics recycling as researchers and state regulators work to keep PFAS and microplastics out of the equation.
By Elizabeth Gribkoff • July 18, 2022 -
Q&A
HomeBiogas CEO sees 'a lot of room' for on-site organics recycling to compete in waste market
Oshik Efrati — co-founder of an Israeli company that has deployed digester units in more than 100 countries — outlines plans to target U.S. homeowners, multifamily complexes and commercial establishments.
By Cole Rosengren • July 15, 2022 -
Q&A
Allied Industrial Partners expects Waste Eliminator to be 'first of several' industry investments
The latest private equity firm to enter this space discusses its $150 million investment plans for the Atlanta-area company, plus its own aspirations for other waste and recycling transactions.
By Cole Rosengren • July 13, 2022 -
Zara parent Inditex invests $30M in textile waste company Circ
The fashion company joined Bill Gates-founded Breakthrough Energy Ventures in a Series B funding round.
By Dani James • July 12, 2022 -
Q&A // Environmental justice conversations
Detroit Dirt draws from community, corporate partnerships for waste diversion
Pashon Murray, founder of Detroit Dirt, talks about growing her urban composting initiative and encouraging companies to make waste diversion and environmental justice a larger part of their ESG strategy.
By Megan Quinn • July 6, 2022 -
Deep Dive
Future of troubled Renovare unclear after West Virginia facility closure, surprise merger reversal
The company — formerly known as BioHiTech Global — has seen its stock price plummet following financial, operational and legal issues. Former partner Entsorga sees a path forward for its shuttered showcase plant.
By Cole Rosengren • Updated July 1, 2022