Waste Management, Inc. (WM)
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Climate
- Safety
- Diversity
- Social Impact
- Material Recovery
Environmental Achievements
- Set a target to increase material recovery by 60% (to 25 million tons annually) by 2030, with an interim goal of a 25% increase by 2025.
- Disclosed emissions reduction targets showing enhanced ambitions in climate action.
Social Achievements
- Creation of a Chief Sustainability Officer position in 2021.
- Enhanced transparency and disclosure around utilization and material recovery rates.
Governance Achievements
- Actively considering formalizing ESG metrics into its compensation plan in addition to financial metrics related to sustainability businesses.
Climate Goals & Targets
Medium-term Goals:
- Increase material recovery by 60% (to 25 million tons annually) by 2030.
Short-term Goals:
- Increase recovered materials by 25% by 2025.
Environmental Challenges
- Need for increased consumer awareness, regulatory support, and corporate partnerships to facilitate a circular economy.
Mitigation Strategies
- Planned investments in landfill gas to energy and material recovery facilities.
- Engaging with external expertise to finalize long-term ESG priorities, targets and implementation roadmaps.