BANNOCKBURN, Ill., Dec. 22, 2021 /PRNewswire/ — Stericycle, Inc.(Nasdaq SRCL), a major provider of regulated medical and secure waste management, information destruction and patient engagement solutions, today announced that it received a B- score in its first year of submission to the CDP Climate Change Survey. CDP is the global standard for environmental disclosure and is critical for measuring climate action. The organization promotes environmental leadership through a scoring system that ranks companies between D- and A.
“Protecting health and the well-being of the planet in a safe and responsible manner is a key element of our mission, core values, and something that we focus on every day.” Cindy J. MillerPresident and chief executive officer of Stericycle. “With an increasing focus to minimize climate change impact, our formal disclosure of our climate change data through CDP was made to improve transparency with our many stakeholders. We are proud to have received an A- score for our initial submission and look forward in advancing our environmental efforts.
CDP is an independent non-profit organization. It manages the global transparency system. Investors, cities, states, and regions can use it. It is widely acknowledged as the global standard for corporate environmental transparency. Based on the transparent scoring methodology used by CDP, companies are scored.
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Comprehensive disclosure of environmental effects
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Governance, risks, opportunities, governance and actions
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Awareness of environmental risks and how they relate in business
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Demonstrating the management of these environmental risk factors and best practice in environmental leadership
Stericycle’s core business operations for 2020 included the treatment of 1.5 billion pounds medical waste, diverting 104 million lbs of plastic from landfills and safely disposing of 40 million unused pharmaceuticals. It also recycled 1.1 million pounds through its Shredit secure information destruction service. In its CDP disclosures, the Company stated that it implemented several carbon emission mitigation initiatives in 2020. These included increasing energy efficiency in multiple facilities and improving fleet routing efficiency.
Simon FischweicherCDP North America’s head of corporations and supply chain commented that “Climate Change poses a present- and future risk for companies and their supply networks. Companies cannot manage environmental risks and opportunities unless they measure them. This is especially important as federal policymakers and large mainstream investors push for greater transparency. Stericycle took an important first step by disclosing their environmental impacts through CDP. I look forward their continued dedication to transparency in securing a sustainable, just, and net zero world.
Please download the Company’s 2021 brochure to learn more about Stericycle. Corporate Social Responsibility Report.
About Stericycle
Stericycle, Inc. is a U.S.-based business-to-business service company. It is a leading provider of compliance-based solutions. These solutions protect people and brands, promote health and well-being, as well as the environment. Stericycle provides solutions for regulated waste, compliance services, secure data destruction and patient engagement to customers in the U.S.A. and 16 other countries. Visit Stericycle for more information. stericycle.com.
About CDP
CDP is an international non-profit that manages the global environmental disclosure system for cities, states, and regions. Established in 2000, CDP has worked with more than 590 investors and has over US$110 TrillionCDP was the first to use capital markets and corporate procurement to encourage companies to disclose their environmental impact and reduce greenhouse gas emissions, protect water resources, and preserve forests. CDP data was used to reveal data from more than 14,000 organizations in the world by 2021. These included over 13,000 companies that represent over 64% global market capitalization and more 1,100 cities, states, regions, representing an estimated combined population of over 2.5 billion. CDP is fully aligned with TCFD and has the largest environmental database in existence. CDP scores are widely used for investment and procurement decisions to create a resilient, sustainable, and net-zero economy. CDP is a founding member in the Science Based Targets initiative. We Mean Business Coalition, The Investor Agenda, and the Net Zero Asset Managers Initiative are all other members. For more information, visit cdp.net. Follow us @CDP.
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