Wastequip
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Climate Change
- Diversity & Inclusion
- Safety
- Circular Economy
- Community Engagement
- Supplier Diversity
Environmental Achievements
- Reduced virgin resin per cart by 12.9% compared to 2019
- Collected 625,000 lbs of used carts for recycling; 5.8 million lbs sent to local recyclers
- Launched EVR-Green cart with 100% recycled resin body (37% lower carbon footprint than standard cart)
- Replaced 15-20% of welding units with more energy-efficient models
Social Achievements
- Achieved gender pay equity across the company
- Improved safety performance year-over-year, exceeding industry averages by 30% in recordables and almost half in Lost-Time Incidents
- 5% of Tier 1 spend with certified diverse suppliers; another 3.7% with certified small businesses
- 75% of employees responded positively to the statement 'Wastequip is the best company I have ever worked for' in the 2021 employee survey
- Implemented various initiatives to improve employee engagement, including recognition programs, mentorship programs, and cross-training
Governance Achievements
- Incorporated CORE goals into Wastequip’s annual operating plan and tied executive bonuses to top initiatives
- Created a dashboard for greenhouse gas emissions, presented in monthly financial reviews for Trucks & Containers divisions
- Integrated sustainability into stage gate approval processes for new product development
- Board is 75% diverse by ethnicity and/or gender; CEO staff is 30% diverse
Climate Goals & Targets
Short-term Goals:
- Reduce virgin resin usage by 25% overall (Project25)
Environmental Challenges
- Reducing Scope 3 emissions (raw materials, product transportation, etc.)
- Improving stormwater drainage and aging infrastructure
- Increasing the use of recycled content in manufacturing while maintaining product quality and durability
Mitigation Strategies
- Conducting life-cycle assessments to understand product carbon footprints
- Implementing Project25 to reduce virgin resin usage
- Launching a cart buy-back program
- Investing in energy-efficient equipment
- Prioritizing natural remedies for stormwater mitigation (e.g., planting native plants)
- Using low-VOC paints
Supply Chain Management
Responsible Procurement
- Working with diverse suppliers
- Using recycled content in manufacturing
Climate-Related Risks & Opportunities
Opportunities
- Development of energy-efficient products
- Lightweighting steel to reduce carbon footprint
Reporting Standards
Frameworks Used: GHG Protocol Corporate Standard
Sustainable Products & Innovation
- EVR-Green cart