Covanta ranks on Carbon Clean 200 list

Covanta, a sustainable waste and energy solutions provider headquartered in Morristown, New Jersey, has ranked number 48 on the Carbon Clean 200 (Clean200), a list of the top 200 publicly traded companies worldwide based on their share of clean energy revenue. Clean200 is compiled by As You Sow, a nonprofit organization that promotes environmental and social corporate responsibility headquartered in Oakland, California, and Corporate Knights, a magazine that produces corporate rankings, research reports and financial product ratings based on corporate sustainability headquartered in Toronto. Covanta's ranking reflects an improvement over its previous rank of 55 in Clean200's inaugural edition released in 2016.

"We are thrilled to see Covanta once again earn its place on the Clean200 list," Paul Gilman, Covanta's chief sustainability officer, says. "Our improved ranking is a testament to the notable progress Covanta continues to forge to ensure that both our customers and ourselves are meeting established sustainability goals. By processing 20 million tons of postrecycled waste annually, our energy-from-waste facilities are producing clean, reliable electricity for over one million homes, and our business is having a measurable impact in helping customers around the world become cleaner and more sustainable."

Since first appearing on the Clean200, Covanta has expanded to include environmental services across a wide range of industries under its subsidiary, Covanta Environmental Solutions. Covanta Environmental Solutions works with customers in industries such as consumer products, pharmaceuticals, health and beauty, food, automotive and chemicals to solve environmental challenges these industries face and helps to minimize their risk while reaching sustainability goals.

Covanta says its customers are successfully achieving their sustainability goals by virtually eliminating environmental liability exposure through not relying on landfills, which can cause long term damage to our environment. In addition, Covanta's network of energy-from-waste and material processing facilities recycle ferrous and nonferrous metals and find uses for nearly all materials in order to recover as much value from waste as possible.

Covanta reports its progress in accordance with the guidelines from the Global Reporting Initiative (GRI), Amsterdam. The company's latest sustainability report focuses on key areas, including environmental performance, resource management, community relations and workforce engagement. Under the GRI Standard, participants are graded on their impact to sustainability and social issues. The results are designed to act as a tool to help organizations improve their reputations, better the environment and engage positively with stakeholders.