Republic Services Hits Emissions Reduction Target Early, Supporting Customers' Climate Goals

Rhea-AI Summary

Republic Services (NYSE: RSG) has released its 2023 Sustainability Report, highlighting significant progress towards its 2030 sustainability goals. The company has reduced operational greenhouse gas emissions by 15% compared to 2017, surpassing its interim target of 10% reduction by 2025. This achievement supports customers' climate goals and demonstrates Republic's commitment to environmental leadership.

Key highlights include:

• Safety improvements with an OSHA Total Recordable Incident Rate 40% better than industry average
• High employee engagement score of 86, exceeding the national average
• Opening of North America's first Polymer Center and launch of Blue Polymers initiative
• Development of five new renewable natural gas plants
• Positive impact on 4.7 million people through sustainable neighborhood projects

Republic Services has received recognition from Barron's, Fortune, Forbes, and Ethisphere for its sustainability efforts.

Positive

• Achieved 15% reduction in operational GHG emissions, surpassing 10% target two years early
• Reported OSHA Total Recordable Incident Rate 40% better than industry average
• Attained employee engagement score of 86, well above national average of 79
• Opened North America's first Polymer Center and launched Blue Polymers initiative
• Developed five new renewable natural gas plants, expanding renewable energy portfolio to 86 projects
• Positively impacted 4.7 million people through sustainable neighborhood projects in 2023

Negative

• None.

Company reports 15% decrease, two years ahead of 2025 target, along with progress toward 2030 goals in latest Sustainability Report

PHOENIX, July 24, 2024 /PRNewswire/ -- Republic Services, Inc. (NYSE: RSG), a leader in the environmental services industry, has released its 2023 Sustainability Report, which highlights the company's sustainability initiatives and progress toward its 2030 goals, including a significant reduction in greenhouse gas (GHG) emissions that will help support customers' climate goals. As of 2023, Republic has reduced operational GHG emissions 15%, versus a 2017 baseline, ahead of its interim target of a 10% reduction by 2025.

Republic Services releases its 2023 Sustainability Report, highlighting initiatives and progress toward 2030 goals.

"Sustainability is our business. Through investments and innovations, Republic Services is transforming plastics circularity and advancing decarbonization solutions, helping meet the needs of our customers," said Jon Vander Ark, president and chief executive officer. "As we continue to make progress toward our long-term goals, we're driving both economic and environmental sustainability, and working to create a more sustainable world."

Republic Services continues to make meaningful strides toward its ambitious 2030 Sustainability Goals. In addition to its strong Climate Leadership results, the company reported notable progress toward its Safety, Talent and Communities goals, with a safety rate and employee engagement score well above industry and national benchmarks.

2023 Sustainability Highlights

Safety:

• Reported an OSHA Total Recordable Incident Rate 40% better than the industry average
• Deployed more than 2,200 collision-avoidance cameras in collection trucks

Talent:

• Achieved an employee engagement score of 86, well above the national average of 79
• Employed more than 4,600 veterans, on the way to 5,000 by 2025

Climate Leadership:

• Opened North America's first Polymer Center and launched Blue Polymers, transforming plastics circularity
• Developed five new renewable natural gas plants, bringing our renewable energy portfolio to 86 projects

Communities:

• Positively impacted 4.7 million people through sustainable neighborhood projects, and more than 14 million since 2017
• Supported 917 community projects through charitable grants

Republic Services' sustainability achievements have received notable third-party recognition over the past year, with inclusion in Barron's 100 Most Sustainable Companies, Fortune's America's Most Innovative Companies and World's Most Admired Companies, Forbes' Net Zero Leaders and Best Employers for Diversity, and Ethisphere's World's Most Ethical Companies.

The 2023 Sustainability Report is part of a suite of sustainability reporting to be released this month that includes Republic Services' 2023 Global Reporting Initiative (GRI) Report, 2023 Sustainability Accounting Standards Board (SASB) Report, Task Force on Climate-related Financial Disclosures (TCFD) Report, 2023 CDP Climate Change response and Environmental Justice reporting. Current and past sustainability reporting can be found on the company's website, at RepublicServices.com/sustainability/reporting.

About Republic Services
Republic Services, Inc. is a leader in the environmental services industry. Through its subsidiaries, the company provides customers with the most complete set of products and services, including recycling, solid waste, special waste, hazardous waste and field services. Republic's industry-leading commitments to advance circularity and support decarbonization are helping deliver on its vision to partner with customers to create a more sustainable world. For more information, please visit RepublicServices.com.

Media 
Media@RepublicServices.com
(480) 757-9770

View original content to download multimedia:https://www.prnewswire.com/news-releases/republic-services-hits-emissions-reduction-target-early-supporting-customers-climate-goals-302204915.html

SOURCE Republic Services, Inc.

FAQ

What is Republic Services' (RSG) progress on greenhouse gas emissions reduction?

Republic Services (RSG) has reduced operational greenhouse gas emissions by 15% compared to a 2017 baseline, surpassing its interim target of 10% reduction by 2025 two years ahead of schedule.

How does Republic Services' (RSG) safety record compare to industry standards?

Republic Services (RSG) reported an OSHA Total Recordable Incident Rate that is 40% better than the industry average, demonstrating a strong commitment to workplace safety.

What initiatives has Republic Services (RSG) launched to improve plastics circularity?

Republic Services (RSG) opened North America's first Polymer Center and launched Blue Polymers, initiatives aimed at transforming plastics circularity and advancing sustainable waste management solutions.

How many renewable natural gas plants does Republic Services (RSG) operate as of 2023?

As of 2023, Republic Services (RSG) has developed five new renewable natural gas plants, bringing its total renewable energy portfolio to 86 projects.

What is Republic Services' (RSG) impact on communities through sustainable projects?

In 2023, Republic Services (RSG) positively impacted 4.7 million people through sustainable neighborhood projects, contributing to a total of over 14 million people impacted since 2017.