Waste Connections Introduces Emission Reduction Targets in 2022 Sustainability Report
Waste Connections, Inc.
Waste Connections, Inc. has released its 2022 Sustainability Report, which highlights progress toward the company's aspirational ESG targets as well as the addition of an emissions reduction target.
With the addition of the Task Force on Climate-Related Financial Disclosures (TCFD) reporting structure, as well as a new sustainability microsite and ESG hub, the enhanced report gives more information about ESG issues.
Worthing F. Jackman, President and Chief Executive Officer, said:
"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. In 2021, we showed that we were still making progress toward our ESG goals. We also improved our "net zero" position and cut our emissions intensity by 18% over two years. 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 also said, "We continue to raise the bar on accountability by setting a target for further reductions in Scope 1 and 2 emissions and committing to work toward the adoption of a Science-Based Target Initiative (SBTi) emissions reduction target."
Highlights of the 2022 Sustainability Report include:
Since 2019, Scope 1 and 2 emissions have gone down by 7%, while revenue has gone up by 14%. This has led to an 18% drop in emissions intensity, a new goal to cut Scope 1 and 2 emissions by 15%, and a new goal to keep improving emissions intensity.
The company avoided 3.4 times the amount of emissions that its operations caused in 2021 by increasing its Net Climate Benefit Ratio and using operational offsets that it created. This is an increase from the previous year, as operational offsets went up by 6% and emissions went down.
Increased biogas recovery in 2021 and expanded near-term pipeline to 10 projects in development over the next two to five years.
In 2021, the amount of recycled tonnes that were processed went up, and work began on two new, high-tech recycling facilities that should be finished in 2024.
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 the annual Servant Leadership survey.
Continued employee support in 2022, bringing total outlays since the onset of the COVID-19 pandemic to over $50 million.
TCFD framework was introduced, detailing climate-related risk assessment and strategy; diversity statistics were expanded through EE0-1 disclosure, and the sustainability website was enhanced with an ESG hub.
Source: Waste Connections
Click here to view the 2022 Sustainability Report
