Renewi Awarded Good ESG Rating as a Result of Sustainability At-Its-Core
16 January 2020
Renewi, the leading waste to product company, today reports that it has been awarded an Environmental, Social and Governance (ESG) score of 75 out of 100 from S&P’s Global Ratings (S&P). This follows an extensive evaluation by S&P including assessment of the Renewi’s ESG data, policies and interviews with management. S&P are a world leading ratings agency, positioning themselves as experts in providing in-depth analysis underpinning their ESG and green evaluations.
Renewi is exclusively focused on creating products from waste. The company provides responsible solutions to waste producers, and creates essential quality secondary products for re-use in manufacturing processes to customers. In doing so, Renewi is a pure-play sustainability-focused company with a strong contribution to creating a circular economy. Renewi is entirely Green financed.
Commenting on the ESG rating, Otto de Bont, CEO of Renewi said “Sustainability is our purpose and one of our core values. We are exceptionally proud of the role that Renewi makes across each aspect of Environmental, Social and Governance, and particularly of our societal contribution to responsibly bringing waste back into supply chains as vital secondary materials. Our activities save 3 million tonnes of carbon dioxide each year that would otherwise be generated in manufacturing using virgin products instead of our secondary materials. We are proud to have been awarded a positive ESG score from S&P.”
S&P Global Ratings’ media announcement comments on the ESG Evaluation report: Renewi's ESG evaluation score of 75 is supported by a strong focus on recycling and waste management, which underpins its commitment to being a key contributor to the circular economy through its waste-to-product focus. This focus has led to 90% of waste handled being either recovered or recycled. The company is therefore positioned to benefit from the ongoing shift from landfill and incineration toward recycling driven by recent structural and regulatory changes, and is well placed to meet greater demand for sustainable products and greater use of secondary raw materials.