SEATTLE (Recycling Monster): During WM’s Investor Day presentation on Tuesday, executives offered a vision for long-term stability and investment in sustainable waste management plans into 2027 and beyond.
The company laid out new 2027 earnings targets along with some details of how it plans to update its infrastructure and asset networks. WM is also continuing its integration of Stericycle, now known as WM Healthcare Solutions, which it expects to drive revenue growth.
WM executives offered a few updates on long-term sustainability projects, which Chief Sustainability Officer Tara Hemmer said position the company to compete in a North American business environment increasingly being shaped by extended producer responsibility laws and disposal diversion policies. Along with recycling and renewable energy infrastructure projects that WM has mapped out through 2026, the company has also invested in organics infrastructure in states like California, as well as in Canada.
At the same time, CEO Jim Fish said the company has long-term plans for maintaining reliable disposal capacity as both MSW volumes and disposal costs are poised to rise in coming decades. WM’s network of landfills also have longer remaining lives than some of its competitors’, he noted.
WM also sees opportunities in pursuing environmental solutions business in coming years, particularly for hazardous waste, biosolids and PFAS processing and disposal.
Courtesy: www.wastedive.com