Republic Services Inc., Phoenix, released its annual Sustainability Report on July 22. The report highlights the company’s progress and achievements toward meeting its 2030 sustainability goals announced last year.
"Our year-one 2019 achievements demonstrate a sustained ability to connect financial results with environmental and social performance, including addressing various risks and opportunities posed by climate change," Republic CEO Donald Slager says. "I'm particularly proud of the progress we're making in supporting the circular economy, generating renewable energy and helping our communities through the Republic Services Charitable Foundation."
Republic says its “Our Blue Planet: 2030 Goals” are ambitious and align with select United Nations' Sustainable Development Goals addressing global macrotrends. The goals are also integrated into the company's business strategy, designed to help achieve long-term financial targets while creating value for key stakeholders.
The company’s Blue Planet: 2030 Goals include:
- Safety amplified: Have no employee fatalities and reduce its Occupational Safety and Health Administration (OSHA) Total Recordable Incident Rate (TRIR) to 2.0 or less by 2030
- Engaged workforce: Achieve and maintain employee engagement scores at or above 88 percent by 2030
- Climate leadership: Reduce absolute Scope 1 and 2 greenhouse gas emissions by 35 percent by 2030 (with a 2017 baseline year), approved by the Science-Based Targets initiative
- Circular economy: Increase recovery of key materials by 40 percent on a combined basis by 2030 (with a 2017 baseline year)
- Regenerative landfills: Increase biogas sent to beneficial reuse by 50 percent by 2030 (with a 2017 baseline year)
- Charitable giving: Positively impact 20 million people by 2030
The report highlights the company's 2019 progress against its long-term goals. In 2019, Republic became the first U.S. recycling and solid waste services provider to have its emissions reduction target approved by the Science-Based Targets initiative. Additionally, Republic was named to the North American and World Dow Jones Sustainability Indices for a fourth consecutive year, the CDP Climate A List, Barron's 100 Most Sustainable Companies list, Ethisphere's World's Most Ethical Companies list, and Forbes Best Employers for Women list.
"This broad third-party recognition highlights our leadership in corporate governance as well as environmental, social and financial aspects of sustainability," Pete Keller, vice president of recycling and sustainability at Republic, says. "We're committed to increased transparency on metrics that matter to our stakeholders as we pursue our 2030 goals."
In addition to the 2019 Sustainability Report, which includes a special section dedicated to how Republic responded to the COVID-19 pandemic, the company also released its 2019 Sustainability Accounting Standards Board (SASB) Report and its 2019 Global Reporting Initiative (GRI) Report.