Energy Efficiency, GHG Emissions, Industrial - October 31, 2022
Waste Connections Lowers Emissions
Waste Connections, Inc. reduced Scope 1 and 2 emissions by 7% since 2019 while revenue grew 14%, driving an 18% reduction in emissions intensity.
The waste services company introduced a new target to decrease Scope 1 and 2 emissions by 15% and a new target seeking continuous improvement in emissions intensity.
Waste Connections expanded its Net Climate Benefit Ratio, as internally generated operational offsets resulted in the avoidance of 3.4 times the emissions generated from our operations in 2021, up from prior year levels due to a 6% increase in operational offsets and a reduction in emissions.
The company Introduced TCFD framework detailing climate-related risk assessment and strategy; expanded diversity statistics through EE0-1 disclosure; and enhanced Sustainability website with ESG hub.
Details were provided in its 2022 Sustainability Report highlighting advancement toward the Company's ESG targets and the addition of a target for emissions reduction.
"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," said Worthing F. Jackman, President and CEO in a statement. "In 2021, we demonstrated continued progress towards our ESG targets, as well as further improvement in our net zero position and a two-year reduction in emissions intensity of 18%, as we decreased emissions while achieving outsized growth during the period. 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."