Republic Services releases inaugural report aligned with recommendations of TCFD
Republic Services has released its inaugural climate disclosure report aligned with recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). The report, which identifies the company's climate-related risks and opportunities, is the industry's first comprehensive TCFD reporting and represents Republic's commitment to environmental leadership and sustainability.
"As a leader in the environmental services industry, Republic Services recognizes the importance of identifying and managing risks related to climate change and developing low-carbon solutions for our customers," said Donald W. Slager, chief executive officer. "We are proud to be the first in the industry to disclose our climate-related risks and opportunities through a comprehensive TCFD report, and are committed to transparency on metrics that are important to all stakeholders."
TCFD developed a set of guidelines to help companies inform investors and other members of the public about climate-related risks. In a TCFD report, companies respond to four aspects of their business related to climate: Governance, Strategy, Risk Management, and Metrics and Targets. TCFD reporting is an ongoing process, and Republic will continue to evaluate risks and provide further disclosure.
Traditionally, waste management companies have operated using a simple "management of waste" approach to operating a MRF. Throughput targets and continuous operation (minimal downtime) were the main driving forces. The industry has changed however, and the focus moving forward is now on optimizing system performance and reliability, in conjunction with increasing recycling rates and a drive for a "greener" and more sustainable tomorrow.
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