Stericycle Named a Green Company of the Year by BIG Awards for Business

Rhea-AI Summary

Stericycle, Inc. (Nasdaq: SRCL) has been recognized as a 2023 Green Company of the Year by the Business Intelligence Group (BIG) for its holistic approach to sustainability. The company's president and CEO, Cindy J. Miller, emphasized its mission to provide safe, sustainable, and responsible products and services. Globally in 2022, Stericycle diverted 101 million pounds of plastic from landfills, treated 1.5 billion pounds of medical waste, incinerated 38 million pounds of pharmaceutical waste, and recycled one billion pounds of paper.

Positive

• Recognition as a 2023 Green Company of the Year by BIG
• President and CEO's emphasis on the company's mission
• Impressive global sustainability achievements in 2022

Negative

• None.

Recognized for holistic approach to sustainability

BANNOCKBURN, Ill., Dec. 11, 2023 /PRNewswire/ -- Stericycle, Inc. (Nasdaq: SRCL), a leading provider of regulated medical waste management and secure information destruction solutions, announced today that it has been recognized as a 2023 Green Company of the Year by the Business Intelligence Group (BIG). Stericycle was honored for its holistic approach to sustainability through its container portfolio enhancements, operational efficiencies and strategic partnerships.

The BIG Awards for Business recognize companies and their products, people and tactics, which are helping reduce impact on the environment. Every nomination is scored by a volunteer panel of business experts and industry leaders using a unique model that affords judges the opportunity to share public and private feedback.

"It's an honor to be recognized as a Green Company of the Year for our environmental and sustainability efforts," said Cindy J. Miller, president and chief executive officer at Stericycle. "It is our mission to provide safe, sustainable and responsible products and services to help organizations protect the health and well-being of the people and communities they serve. By continuing to invest in our container portfolio, operations and strategic partnerships, we are shaping a healthier and safer world for everyone, everywhere, every day."

Globally in 2022, Stericycle helped customers divert 101 million pounds of plastic from landfills through the use of reusable waste containers rather than single use containers. Additionally, Stericycle treated 1.5 billion pounds of medical waste prior to disposal, helping to protect the public from potentially harmful materials. The company also incinerated 38 million pounds of pharmaceutical waste prior to disposal, helping to keep active pharmaceutical ingredients out of waterways, and recycled one billion pounds of paper, helping safeguard customers' confidential information.

Additional highlights from Stericycle's sustainability initiatives include:

• Container portfolio enhancements: In 2023, Stericycle announced its re-engineered one-gallon SafeDrop™ Sharps Mail Back and one-gallon CsRx® Controlled Substance Wastage containers. The new designs utilize 40% less plastic compared to Stericycle's prior containers, helping to reduce greenhouse gas emissions associated with the manufacturing process. In 2022, Stericycle also introduced new SafeShield™ Antimicrobial Medical Waste containers. The containers are nestable and stackable, enabling Stericycle drivers to load and transport more containers at one time, in turn reducing trips and the company's carbon footprint.
  
  
• Operational efficiencies: As a result of routing efficiencies, Stericycle drivers drove 2.3 million fewer miles in North America during the first half of 2023 compared to the same time period in 2022, resulting in a reduction of 3,438 metric tons of carbon dioxide equivalent emissions.
  
  
• Strategic partnerships: Stericycle announced additional project locations in 2023 as part of its five-year, $1 million partnership with the National Park Foundation, which was initiated in 2021 and focuses on wetland restoration. Additionally, Stericycle partnered with the Arbor Day Foundation for a second consecutive year. Over the two-year partnership, Stericycle has committed to planting over 120,000 trees. Reforestation will help support habitat restoration as well as wildfire and hurricane recovery efforts.

"In the spirit of achievement and excellence, we congratulate Stericycle on their outstanding success in 2023. Their victory exemplifies the highest standards of sustainability and innovation," said Maria Jimenez, chief nominations officer at the Business Intelligence Group. "Kudos to all the winners who have demonstrated unparalleled excellence, collectively shaping the future of business. May this recognition inspire continued greatness in the years to come."

This is the fourth time Stericycle has been honored by BIG. Previously, BIG named Stericycle's SafeShield™ Medical Waste Container a 2022 Product of the Year. In 2021, the company was recognized with the Sustainability Product of the Year award for its MedDrop™ medication collection kiosks, which provide a convenient way for consumers to dispose of unneeded medication while also helping to reduce the impact of pharmaceuticals on the environment, when they are improperly disposed. In 2020, BIG named Stericycle an Enterprise Company of the Year for its efforts to safely and responsibly dispose of COVID-19 related medical waste.

Please visit the Stericycle website for more information about our commitment to sustainability.

About Stericycle
Stericycle, Inc., is a U.S. based business-to-business services company and leading provider of compliance-based solutions that protects people and brands, promotes health and well-being and safeguards the environment. Stericycle serves customers in North America and Europe with solutions for regulated waste and compliance services and secure information destruction. For more information about Stericycle, please visit www.stericycle.com.

About Business Intelligence Group
The Business Intelligence Group was founded with the mission of recognizing true talent and superior performance in the business world. Unlike other industry award programs, business executives—those with experience and knowledge—judge the programs. The organization's proprietary and unique scoring system selectively measures performance across multiple business domains and then rewards those companies whose achievements stand above those of their peers.

Media Contact:
Media Relations
Stericycle, Inc.
media@stericycle.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/stericycle-named-a-green-company-of-the-year-by-big-awards-for-business-302010539.html

SOURCE Stericycle

FAQ

What is Stericycle, Inc.'s ticker symbol?

Stericycle, Inc.'s ticker symbol is SRCL on the Nasdaq.

What did Stericycle, Inc. achieve in 2022?

In 2022, Stericycle diverted 101 million pounds of plastic from landfills, treated 1.5 billion pounds of medical waste, incinerated 38 million pounds of pharmaceutical waste, and recycled one billion pounds of paper.

Who recognized Stericycle, Inc. as a 2023 Green Company of the Year?

Stericycle, Inc. was recognized as a 2023 Green Company of the Year by the Business Intelligence Group (BIG).

What did Stericycle's president and CEO emphasize?

Cindy J. Miller, president and CEO, emphasized the company's mission to provide safe, sustainable, and responsible products and services.

What is Stericycle's mission?

Stericycle's mission is to provide safe, sustainable, and responsible products and services to help organizations protect the health and well-being of the people and communities they serve.