Waste Management 2007 Annual Report Download - page 32

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emissions by 15 percent by 2020. We also expect to invest in technologies to enhance our waste
business. This capital spending will be done while continuing to accomplish our primary financial
objectives, which include earnings growth, margin expansion, and higher returns on invested capital.
Waste Management is committed to continuing
its capital investment in the green technologies
we’ve pursued for many years—like recycling,
waste-to-energy, and landfill gas-to-energy—as well
as investing in future technologies for managing
waste as renewable energy, like landfill gas-to-diesel.
We are prepared to invest in new opportunities for
managing waste so that we can increase earnings,
grow margins, and continue returning strong free
cash flow to our investors, while at the same time
enhancing the environment.
Preserve and restore additional wildlife
habitat across North America. By the year
2020, we plan to increase the number of our landfills
that are certified by the Wildlife Habitat Council
to 100—and increase the number of acres set aside
for conservation to 25,000.
Because these sustainable growth objectives leverage our core businesses and take advantage of our
existing expertise to generate organic growth, we believe they will benefit our shareholders as well as
our employees, communities, customers, and, of course, the environment.
30
In 2007, we accomplished what we set out to do.
We achieved our financial objectives for the benefit of our shareholders,
and we positioned our company for strength in the years ahead.
We served our customers better by developing new technologies,
implementing improved processes, and becoming an even more
reliable partner.
We provided our people with a safer, more rewarding place to work,
where they can grow to their fullest potential.
We were deeply involved in our local communities, giving generously
of our time and abilities to improve the quality of life for our neighbors
and friends.
We preserved and protected the environment, and we made bold plans
to use our corporate strengths and resources in responsible, sustainable
ways for the future.
In short, Waste Management spent the year 2007 doing what counts.