Rating marks company's highest score to date
for commitment to environmental transparency
BANNOCKBURN, Ill., April 1,
2024 /PRNewswire/ -- Stericycle, Inc. (Nasdaq:
SRCL), a leading provider of regulated medical waste management and
secure information destruction solutions, announced today that it
has received a "B" rating on the 2023 CDP Climate Change
Survey. This is Stericycle's third year of participating in
the CDP survey and the highest rating the company has received to
date. Stericycle's data has been added to the most comprehensive
inventory of self-reported environmental data in the world.
CDP is a not-for-profit organization that manages the global
disclosure system for investors, companies, cities, states and
regions to manage their environmental impacts. The
organization emphasizes environmental leadership with a scoring
system that ranks companies from D- to A. In 2023, CDP scored over
23,000 companies on their environmental disclosures.
"Our engagement with CDP reinforces our commitment to protecting
what matters – the health and well-being of patients, staff and the
communities we serve," said Cindy J.
Miller, president and chief executive officer at Stericycle.
"Our focus on ESG and sustainability is an ongoing pursuit, which
we are actively incorporating into our everyday practices and into
our strategic business plans."
Stericycle's CDP grade reflects initiatives and data from 2022.
In 2022, Stericycle treated 1.5 billion pounds of medical waste
prior to disposal, helping to protect the public from potentially
harmful materials. Stericycle also shredded and recycled 1 billion
pounds of paper, helping safeguard customers' confidential
information. Additionally, the company helped its customers divert
101 million pounds of plastic from landfills by offering reusable
rather than single use sharps and pharmaceutical waste containers.
Stericycle also treated 38 million pounds of pharmaceutical waste
prior to disposal, helping to keep active pharmaceutical
ingredients out of waterways.
In 2023, Stericycle took additional actions to improve its
climate change impact, including:
- Setting a global environmental target to achieve net zero
greenhouse gas emissions for scope 1 and 2 in the United Kingdom by 2045 and globally by
2050.
- Driving 2.3 million fewer miles and reducing carbon dioxide
equivalent emissions by 3,438 metric tons through routing
efficiencies in North America
during the first six months of 2023 compared to the same six-month
time period in 2022.
- Launching re-engineered one-gallon SafeDrop™ Sharps Mail
Back and one-gallon CsRx® Controlled Substance Wastage
containers, using 40% less plastic compared to the company's prior
containers, helping to reduce CO2 emissions associated with the
manufacturing process.
"With over 23,000 businesses disclosing through CDP this year,
it is clear that sustainability – and the data that underpins it –
is not a 'nice to have' but an essential part of long-term success
in the business community that is showing no sign of slowing down –
nor should it," said Sherry Madera,
chief executive officer at CDP. "By sharing environmental data with
CDP, Stericycle is continuing an environmental journey that will
contribute to keeping that future in sight."
Further validating its commitment to sustainability, Stericycle
was named a Green Company of the Year by BIG Awards for Business
and received a gold award for Most Environmentally Responsible
Company of the Year by Best in Biz in 2023. Additionally,
Stericycle's Integrated Waste Stream Solutions (IWSS) service
received a silver award for Most Environmentally Friendly Service
of the Year by Best in Biz.
Please visit the Stericycle website for more
information about the company's commitment to sustainability.
About Stericycle
Stericycle, Inc., is a U.S.
based business-to-business services company that is celebrating 35
years of protecting what matters. As a leading provider of
compliance-based solutions, the company protects people and brands,
promotes health and well-being and safeguards the environment.
Stericycle serves customers in North
America and Europe with
solutions for regulated waste and compliance services and secure
information destruction. For more information about Stericycle,
please visit www.stericycle.com.
About CDP
CDP is a global non-profit that runs the
world's environmental disclosure system for companies, cities,
states and regions. Founded in 2000 and working with more than 740
financial institutions with over $137
trillion in assets, CDP pioneered using capital markets and
corporate procurement to motivate companies to disclose their
environmental impacts, and to reduce greenhouse gas emissions,
safeguard water resources and protect forests. Over 25,000
organizations around the world disclosed data through CDP in 2023,
with more than 23,000 companies – including listed companies worth
two thirds global market capitalization - and over 1,100 cities,
states and regions. Fully TCFD aligned, CDP holds the largest
environmental database in the world, and CDP scores are widely used
to drive investment and procurement decisions towards a zero
carbon, sustainable and resilient economy. CDP is a founding member
of the Science Based Targets initiative, We Mean Business
Coalition, The Investor Agenda and the Net Zero Asset Managers
initiative. Visit cdp.net or follow us @CDP to find out more.
Media Contact:
Media Relations
Stericycle, Inc.
media@stericycle.com
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SOURCE Stericycle