MORRISTOWN, N.J., May 1, 2024 /PRNewswire/ -- Reworld™, a leader in
sustainable waste solutions formerly known as Covanta, released its
2024 Sustainability Report, which, for the first time, integrates
the sustainability achievements of eight strategically acquired
companies. This report reflects the company's journey towards
transforming waste into valuable resources through innovative
technologies and offerings.
Five focused service lines comprise this transformation:
ReDirect360 (Zero Waste-to-Landfill Solutions), ReKiln
Fuels (Engineered Solutions), ReDrop (Wastewater
Treatment), ReMove (Waste Logistics), and ReCredit
(Sustainable Carbon Offsets). These services provide comprehensive,
customized solutions that help manage costs and minimize risks for
corporate and municipal customers.
"At Reworld™, sustainability isn't merely a goal—it's our
central focus, and our latest report underscores this principle
with the remarkable progress we've achieved as a company," remarked
Tequila Smith, Chief Sustainability
Officer at Reworld™ "Over the last two years, we have significantly
grown our industry footprint and invested in technologies that
deliver smart, sustainable solutions, transforming waste into
economic, environmental, and social values for our customers,
communities, and society."
The following highlights from the company's 2024 sustainability
report underscore its position as the foremost provider of
sustainable waste solutions via strengthened technological
capabilities, proven by a 50% customer base growth in less than two
years:
- Reworld™ achieved an 81% increase in waste recycled and/or
reused compared to 2021.
- Reworld™ achieves a 97% landfill diversion rate,
annually.
- Reworld™ sustainably managed 20M tons of waste in 2023.
- The amount of wastewater that Reworld™ treated in 2023
more than doubled from the previous year.
- The company's Thermomechanical Treatment Facilities, which
perform the waste-to-energy service for which the legacy company is
known, divert 19 million tons of waste from landfills yearly. The
facilities, which delivers 41M metric tons of lifecycyle greenhouse
gas savings yearly, outperforms wind and solar by a factor of 10
in its ability to mitigate greenhouse gas emissions.
The sustainability report also emphasizes the company's
commitment to community and workforce:
- Reworld™ employees are engaged in their local communities,
having completed more than 12,000 service hours, 100 community
cleanup events, and 300 facility tours.
- Since 2020, the Reworld™ workforce has grown in both
size (17% increase) and geographical footprint, including a 43%
increase in female employees and a focus on local community
engagement, diversity, and veteran hiring.
- The safety of its people, communities and the planet is a core
business value in the company's approach to
sustainability; Reworld™ has achieved a 71% better safety
performance than the waste industry average.
The report also lists the company's finance-linked
sustainability goals for 2025, including recycling and reusing 25%
more waste relative to an adjusted 2020 baseline.
As Reworld™ continues to expand and innovate, this report
affirms its commitment to superior environmental outcomes, paving
the way for ongoing contributions to a smarter, more sustainable
world.
To read the latest Sustainability Report, please
visit reworldwaste.com.
About Reworld™
Reworld™ is a leader in sustainable waste solutions, providing
innovative and environmentally responsible services to a global
community. Reworld™ is committed to advancing zero waste
initiatives and supporting sustainability goals through
state-of-the-art technologies that reimagine, reduce, reuse,
recycle, recover and renew. For more information, visit
www.reworldwaste.com.
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SOURCE Reworld Holding Corporation/ Corporate Communications