Republic Services, Inc. Releases Inaugural Report Aligned with Recommendations of the Task Force on Climate-related Financial Disclosures

Rhea-AI Summary

Republic Services (RSG) announced its first climate disclosure report, adhering to the Task Force on Climate-related Financial Disclosures (TCFD). This report highlights the company's climate-related risks and opportunities, marking a significant step in the environmental services industry. CEO Donald W. Slager emphasized the importance of transparency and commitment to developing low-carbon solutions. The TCFD report covers governance, strategy, risk management, and metrics. Republic aims for ongoing evaluations and disclosures to better inform stakeholders on climate impacts.

Positive

• First in the industry to release a comprehensive TCFD report
• Demonstrates commitment to climate risk management and transparency
• Focuses on developing low-carbon solutions

Negative

• None.

PHOENIX, March 29, 2021 /PRNewswire/ -- Republic Services, Inc. (NYSE: RSG) today released the Company's inaugural climate disclosure report aligned with recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). The report, which identifies the Company's climate-related risks and opportunities, is the industry's first comprehensive TCFD reporting and represents Republic's commitment to environmental leadership and sustainability.

"As a leader in the environmental services industry, Republic Services recognizes the importance of identifying and managing risks related to climate change and developing low-carbon solutions for our customers," said Donald W. Slager, chief executive officer. "We are proud to be the first in the industry to disclose our climate-related risks and opportunities through a comprehensive TCFD report, and are committed to transparency on metrics that are important to all stakeholders."

TCFD developed a set of guidelines to help companies inform investors and other members of the public about climate-related risks. In a TCFD report, companies respond to four aspects of their business related to climate: Governance, Strategy, Risk Management, and Metrics and Targets. TCFD reporting is an ongoing process, and Republic will continue to evaluate risks and provide further disclosure.

To read the report and learn more about the Company's Blue Planet^® sustainability platform, visit RepublicServices.com/sustainability.

About Republic Services
Republic Services, Inc. is a leader in the U.S. environmental services industry. Through its subsidiaries, the Company provides superior customer experience while fostering a sustainable Blue Planet^® for future generations to enjoy a cleaner, safer and healthier world. For more information, visit RepublicServices.com, or follow us at Facebook.com/RepublicServices, @RepublicService on Twitter or Republic Services on LinkedIn.

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SOURCE Republic Services, Inc.

FAQ

What is Republic Services' climate disclosure report?

Republic Services' climate disclosure report outlines the company's climate-related risks and opportunities, aligning with TCFD recommendations.

When was the climate disclosure report released by Republic Services?

The climate disclosure report was released on March 29, 2021.

How does Republic Services manage climate-related risks?

Republic Services manages climate risks through governance, strategy, risk management, and metrics and targets, as outlined in their TCFD report.

What are the main focuses of Republic Services' TCFD report?

The TCFD report focuses on governance, strategy, risk management, and metrics related to climate change.

Why is the TCFD report important for investors?

The TCFD report is essential for investors as it provides insights into how Republic Services identifies and manages climate-related risks.