Waste Management Releases 2014 Sustainability Report - Analyst Blog

Waste Management, Inc (WM) recently released its 2014 Sustainability Report. The report titled ‘Creating a Circular Economy' provides detailed information about the company's initiatives toward improving its business operations. The report is comprehensive and focuses on improvements in the entire range of waste management activities such as recycling, energy production and transformation of waste into resources. One of the major initiatives of the company that got highlighted in the report is the reduction of waste by its customers to move toward zero waste program.

The long-term strategy of the company aims to create customized solutions towards waste reduction and educate customers with its recycling initiatives. The report recognizes the importance and volume of organic waste material and outlines Waste Management's move to extract value from organics by investing in processing facilities with new technologies that produce compost and biogas for fuel and electricity. We believe that the broad-based report will provide the company's investors as well as other related parties an in-depth knowledge about its on-going operations and future prospects.

Waste Management also plans to continue with the reduction in greenhouse gas emissions by increasing natural gas fueling stations to power its growing fleet of alternative fuel trucks. The report further highlights Waste Management's harnessing of energy at landfills and providing adequate energy for 472,000 homes annually.

Headquartered in Houston, Texas, Waste Management is the largest provider of comprehensive waste management services in North America. The company provides collection, transfer, recycling and resource recovery, as well as disposal services to residential, commercial, industrial and municipal customers. It is also a leading developer, operator and owner of waste-to-energy and landfill gas-to-energy facilities in the U.S.

Waste Management currently has a Zacks Rank #3 (Hold). Other stocks that look promising and are worth a look include FTI Consulting, Inc. (FCN), carrying a Zacks Rank #1 (Strong Buy), and Waste Connections Inc. (WCN) and CBIZ, Inc. (CBZ), both carrying a Zacks Rank #2 (Buy).