Waste Management 2008 Annual Report Download - page 5
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We pledged by 2020 to have 25,000 acres of
protected land for wildlife habitat and 100 landfills
certified by the Wildlife Habitat Council. One
year later, we are already halfway to that goal,
with 49 of our landfills certified and a total of
21,000 acres around our landfills set aside for
wildlife habitat.
We pledged by 2020 to triple the amount of
recyclable materials we manage. Although recycling
markets have been severely impacted by the
economy, we made good progress on our pledge
during the year, opening four new single-stream
recycling facilities.
We pledged by 2020 to double our waste-based
energy output. In 2008, we commissioned eight
new landfill-gas-to-energy plants and launched a
new business to build these plants for third parties
like municipalities and other waste companies.
We also are pursuing a number of waste-to-energy
projects in the U.S. and overseas.
In 2008, Waste Management was again included
on the list of Most Ethical Companies compiled by
the Ethisphere Institute, an international think tank
dedicated to the research and promotion of
corporate responsibility. Ethisphere reviews more
than 10,000 of the world’s leading companies to
assess codes of ethics, sustainable business
practices, and comments from industry peers and
customers. Waste Management was the only
company named from the environmental services
and equipment category.
As we move forward, we will continue our focus on
effectively managing our resources, maintaining our
pricing and cost discipline, and driving efficiency
throughout the organization. We are mindful of the
focus of investors on cash generation, and we will
manage our capital in a manner that continues to
produce strong free cash flow.
One thing we know: great American companies are
fueled by flexibility and innovation. More than ever,
these qualities will be needed as companies
everywhere must rethink strategies, redefine their
response to changing customer needs, and reshape
their businesses by bringing forth fresh ideas. We
have the best people, the best technology, and the
best assets in our industry. Most importantly, we
build on these strengths with the willingness and
ability to flex when necessity demands it—and to
innovate always.
This is what makes Waste Management a company
you can count on. Thank you for helping to make
it so.
Sincerely,
David P. Steiner
Chief Executive Officer
3
2008 ANNUAL REPORT