GNA Client Deemed Second-Best in Sustainability Disclosure
The Investor Responsibility Research Center has rated Waste Management as the second-best of all S&P 500 companies in terms of sustainability reporting. New York City-based IRRC evaluates annual reports, company 10-K filings and sustainability publications.
Waste Management is an important client of Fleets & Fuels publisher Gladstein, Neandross & Associates, especially with regard to the effective deployment of natural gas-fueled fleet vehicles. GNA helps Waste Management deploy clean vehicles in the most economically effective manner possible.
“Waste Management not only was sector leader for ‘Commercial Services,’” says GNA partner and COO Sean Turner, “but got the second highest score for comprehensive sustainability disclosure and understanding of the links between profitability and sustainability.”
IRRC’s 285-page Integrated Financial and Sustainability Reporting in the United States analyzes sustainability disclosures on a sector-by-sector basis, and examined a total of 56,000 individual data points.
Among Waste Management’s achievements from a clean vehicles point of view,
- Waste Management was one of the first refuse companies to commit to natural gas fuels, starting with liquefied natural gas-fueled trucks in Southern California.
- High Mountain Fuels, a joint venture of Waste Management and Linde, opened a landfill gas-based LNG plant at the Altamont Landfill in Livermore, Calif. in 2009, and the 13,000-LNG-gallon-per-day facility has since produced more than 8.1 million gallons of the clean cryogenic fuel.
- Waste Management’s operational experience has led it to prefer compressed natural gas over LNG for its trucks, so several of the firm’s LNG stations have been outfitted for LCNG fueling. Off-pipeline faculties continue to receive their fuel via LNG tanker.
Waste Management deployed its 1,000th natural gas truck in the summer of 2011.
- Waste Management opened a CNG-fueling facility at the Altamont Landfill, supporting nearly two dozen transfer trucks, early in 2013.
- Waste Management is evaluating three Mercedes-Benz Econic NGT trucks in Texas. If successful, the tests could lead to availability of a new natural gas engine for the U.S. truck market.
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Source: IRRC with GNA/Fleets & Fuels follow-up