TORONTO, Oct. 24,
2024 /PRNewswire/ -- Waste Connections, Inc.
(TSX/NYSE: WCN) ("Waste Connections" or the "Company") today
released its 2024 Sustainability Report – Connecting with the
Sustainable Future. The report demonstrates progress
toward the Company's aspirational ESG targets and
sustainability-related objectives.
"2023 was another year of progress towards our
sustainability-related goals, which we believe are inextricably
linked to our focus on value creation in our business," said
Ronald J. Mittelstaedt, President
and Chief Executive Officer. "With a multi-year reduction of 40% in
emissions intensity, we have demonstrated that outsized growth is
compatible with the achievement of our long-term aspirational
ESG targets."
Mr. Mittelstaedt added, "I would like to thank our 24,000
employees who embody our core values and drive our results. I'm
particularly pleased by the notable momentum from reductions in
voluntary turnover and the related impacts to safety-related
metrics, both of which are showing ongoing improvement in
2024."
Highlights of the 2024 Sustainability Report include:
- Notable Gains in Employee Engagement: Voluntary turnover
declined 22% in 2023, with continued improvement in 2024 bringing
total declines of over 40% from peak levels in 2022.
- Improved Safety Metrics: Incident rates were reduced by
7% in 2023, with ongoing momentum in 2024 bringing a total decline
to 13% from 2022 levels.
- Emissions Intensity Continues to Decline: Reductions in
Scope 1 and 2 emissions intensity of over 40% from the 2019
baseline with absolute emissions down 13%.
- Increased Resource Recovery: Continued increases in
recycling and biogas recovery and beneficial reuse, including
through investments in new facilities.
- Reducing Fleet Emissions: Initiated testing of electric
vehicles in New York City as part
of commercial franchise introduction, with additional units on
order.
The Waste Connections 2024 Sustainability Report is available at
wasteconnections.com/sustainability or by clicking the following
link: Waste Connections 2024 Sustainability Report.
About Waste Connections
Waste Connections (wasteconnections.com) is an integrated solid
waste services company that provides non-hazardous waste
collection, transfer and disposal services, including by rail,
along with resource recovery primarily through recycling and
renewable fuels generation. The Company serves approximately nine
million residential, commercial and industrial customers in mostly
exclusive and secondary markets across 46 states in the U.S. and
six provinces in Canada. Waste
Connections also provides non-hazardous oilfield waste treatment,
recovery and disposal services in several basins across the U.S.
and Canada, as well as intermodal
services for the movement of cargo and solid waste containers in
the Pacific Northwest. Waste Connections views its Environmental,
Social and Governance ("ESG") efforts as integral to its business,
with initiatives consistent with its objective of long-term value
creation and focused on reducing emissions, increasing resource
recovery of both recyclable commodities and clean energy fuels,
reducing reliance on off-site disposal for landfill leachate,
further improving safety and enhancing employee engagement. Visit
wasteconnections.com/sustainability for more information and
updates on our progress towards targeted achievement.
Safe Harbor and Forward-Looking Information
This press release contains forward-looking statements within
the meaning of the safe harbor provisions of the U.S. Private
Securities Litigation Reform Act of 1995 ("PSLRA"), including
"forward-looking information" within the meaning of applicable
Canadian securities laws. These forward-looking statements are
neither historical facts nor assurances of future performance and
reflect Waste Connections' current beliefs and expectations
regarding future events and operating performance. These
forward-looking statements are often identified by the words "may,"
"might," "believes," "thinks," "expects," "estimate," "continue,"
"intends" or other words of similar meaning. All of the
forward-looking statements included in this press release are made
pursuant to the safe harbor provisions of the PSLRA and applicable
securities laws in Canada.
Forward-looking statements involve risks and uncertainties.
Forward-looking statements in this press release include, but are
not limited to, statements about the timing and amount of
investments and the ability to meet or exceed long-term,
aspirational sustainability targets. Important factors that could
cause actual results to differ, possibly materially, from those
indicated by the forward-looking statements include, but are not
limited to, risk factors detailed from time to time in the
Company's filings with the SEC and the securities commissions or
similar regulatory authorities in Canada. You should not
place undue reliance on forward-looking statements, which speak
only as of the date of this press release. Waste Connections
undertakes no obligation to update the forward-looking statements
set forth in this press release, whether as a result of new
information, future events, or otherwise, unless required by
applicable securities laws.
CONTACT:
Mary Anne Whitney / (832)
442-2253
Joe Box / (832) 442-2153
maryannew@wasteconnections.com
joe.box@wasteconnections.com
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SOURCE Waste Connections, Inc.