Waste Management 2008 Annual Report Download - page 25
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W
service offerings to benefit customers. The
advantages of building green reach beyond the
intended environmental aspects. A recent study
reported that for green construction projects, an
average increase of 2.5 percent in building costs
resulted in an average of 30 percent savings in
operating costs.
aste Management has been recognized as a
leader in environmental responsibility—not just
in the waste industry, but among all industries.
Waste Management’s progress toward greater
sustainability is well recognized. In 2008, for the
fourth straight year, our company was named
to the Dow Jones Sustainability Index (DJSI),
a selection of companies judged on their
global leadership in sustainability and economic
performance. For all four years, Waste Management
far outperformed the average DJSI score for the
waste and disposal services sector.
In 2008, Waste Management was invited to
participate in the Sustainability Asset Management
(SAM) Corporate Sustainability Assessment.
Only the 2,500 largest companies in the world, as
reflected in the Dow Jones Wilshire Global Index,
are invited to participate in this assessment.
Waste Management earned two distinctions in
the Waste and Industrial Services Sector:
Sector Leader and Sector Mover, which denotes
leading performance improvement for our sector.
As a result, Waste Management was one of
367 companies selected for inclusion in SAM’s
Sustainability Yearbook, the world’s most
comprehensive publication on corporate
sustainability. Only the top-scoring 15 percent
of the companies in 57 industry sectors are
included in this yearbook.
MEASURING OUR CARBON FOOTPRINT. As an
industry leader, Waste Management recently
formed a team to measure its carbon footprint.
Like other leaders of industry, we have taken
steps to inventory, report, and reduce greenhouse
gas (GHG) emissions. Our company was the first
of a small number of Fortune 500 companies to
support California’s Global Warming Solutions Act.
We were also a founding member of the Chicago
Climate Exchange and the first solid waste
company to join the California Climate Action
Registry, whose members voluntarily commit
to inventory and report GHG emissions for all
California-based operations.
TAKING THE LEAD WITH OUR TRUCKS. One
of Waste Management’s sustainability goals
announced in 2007 was to achieve a 15 percent
increase in fleet efficiency while also reducing
fleet emissions by 15 percent by the year 2020.
In 2007, we programmed the engines of all our
new trucks to automatically shut down after idling
for five minutes. In 2008, the same modification
was performed on all our trucks built between
1997 and 2006.
23
2008 ANNUAL REPORT