Clean Harbors Issues 2025 Sustainability Supplement; Achieves 2030 Recycling Goal Ahead of Schedule
MWN-AI** Summary
Clean Harbors, Inc. (NYSE: CLH), a leading provider of environmental and industrial services in North America, has released its 2025 Sustainability Supplement, highlighting its progress in environmental, social, and governance (ESG) efforts. Notably, the company achieved its recycling goal ahead of schedule, recycling 1.9 million metric tons of materials in 2024, surpassing its target set for 2030. Co-Chief Executive Eric Gerstenberg attributed this success to Clean Harbors’ innovative practices and significant investments in advanced recycling technology, marking a 25% increase from their 2019 baseline.
The supplement emphasizes Clean Harbors' extensive sustainable solutions tailored for its diverse customer base, which includes many Fortune 500 companies across various sectors, such as chemical manufacturing and government agencies. The company's commitment to environmental responsibility is reflected in its business model, which balances fiscal performance with ecological stewardship. Co-CEO Mike Battles highlighted that the company's long-standing experience in addressing complex environmental challenges has led to record financial results while simultaneously expanding capabilities in areas like advanced recycling and PFAS destruction.
In 2024, Clean Harbors also managed nearly 400 million gallons of used oil, solvents, and wastewater, and effectively responded to over 20,000 emergency events. Remarkably, the company eliminated four million metric tons of greenhouse gas emissions for the fifth consecutive year, aligning with its mission to enhance sustainability in operations. For more details about their sustainability initiatives, the 2025 supplemental report can be accessed at www.cleanharbors.com/about-us/sustainability. Through its efforts, Clean Harbors reiterates its commitment to being at the forefront of environmental services, ensuring both ecological preservation and economic viability.
MWN-AI** Analysis
Clean Harbors, Inc. (NYSE: CLH) has made significant strides in its sustainability initiatives, recently releasing its 2025 Sustainability Supplement which highlights a remarkable achievement: successfully recycling 1.9 million metric tons of materials in 2024, surpassing its 2030 recycling goal well ahead of schedule. This accomplishment signals Clean Harbors’ robust operational capabilities and commitment to environmental responsibility, placing it in a strong position within the growing market for sustainable solutions.
The timely achievement of these sustainability goals reflects Clean Harbors' innovative approach and extensive investments in advanced recycling technologies, which not only align with regulatory expectations but also cater to the increasing demand for eco-friendly practices among clients, many of whom are Fortune 500 companies. The company emphasizes its dual focus on enhancing environmental stewardship and driving long-term value for stakeholders, which is particularly appealing to ESG-conscious investors.
As Clean Harbors positions itself at the nexus of industry and environmental care, potential investors should consider the stock’s strong performance underpinned by its sustainability credentials. With record financial results and safety performance over the past year, the company's business model demonstrates that profitability and environmental efforts can coexist.
Moreover, Clean Harbors’ ability to eliminate four million metric tons of greenhouse gas over five consecutive years emphasizes its leadership in emissions management, a critical aspect as investors increasingly prioritize carbon reduction strategies in their portfolios.
Given Clean Harbors’ proactive sustainability measures, consistent revenue growth, and expansive service offerings across various industries, this stock appears poised for continued growth. Investors looking for exposure to environmentally responsible companies should closely monitor Clean Harbors as it not only meets current market demands but also anticipates future trends in sustainability and regulatory compliance.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Clean Harbors, Inc. (“Clean Harbors”) (NYSE: CLH), the leading provider of environmental and industrial services throughout North America, today published its 2025 Sustainability Supplement, which provides annual data related to its 2024 environmental, social and governance efforts and an update on progress toward its sustainability goals. Clean Harbors recycled 1.9 million metric tons of materials in 2024, accomplishing its recycling goal far in advance of its 2030 target date.
“Clean Harbors continues to provide our customers with environmentally responsible and sustainable solutions for today’s rapidly changing world,” said Eric Gerstenberg, Co-Chief Executive Officer. “In 2024, we recycled more materials than ever before, satisfying Our Environment goal to increase our overall recycling 25% on a combined basis from our 2019 baseline. We achieved this milestone well in advance of 2030 because of the quality of our industry-leading team, our commitment to innovation, and the considerable investments we’ve made in our technologically advanced recycling capabilities.”
The 2025 supplemental report, which is available at www.cleanharbors.com/about-us/sustainability , highlights the suite of sustainable solutions Clean Harbors offers its customers as well as its own sustainability efforts to reduce the environmental footprint of its operations.
“We have been solving complex environmental challenges for more than 45 years, and it is part of our corporate identity,” said Mike Battles, Co-Chief Executive Officer. “We’ve built a business model where environmental responsibility and financial performance go hand in hand. In 2024, we delivered record results while expanding our capabilities to meet growing demand for sustainable solutions. From advanced recycling to PFAS destruction, we’re helping customers improve their environmental stewardship while driving long-term value for all stakeholders.”
Everywhere industry meets the environment, Clean Harbors is there. In 2024, the Company avoided more than twice the greenhouse gas (GHG) generated from operations for a fifth consecutive year, eliminating four million metric tons of GHG. The Company managed nearly 400 million combined gallons of used oil, solvents and wastewater for its customers, and responded to more than 20,000 emergency customer events, all while achieving its best performance in safety coupled with record financial success.
About Clean Harbors
Clean Harbors (NYSE: CLH) is North America’s leading provider of environmental and industrial services. The Company serves a diverse customer base, including a majority of Fortune 500 companies. Its customer base spans a number of industries, including chemical, manufacturing and refining, as well as numerous government agencies. These customers rely on Clean Harbors to deliver a broad range of services such as end-to-end hazardous waste management, emergency spill response, industrial cleaning and maintenance, and recycling services. Through its Safety-Kleen subsidiary, Clean Harbors also is a leading provider of parts washers and environmental services to commercial, industrial and automotive customers, as well as North America’s largest re-refiner and recycler of used oil. Founded in 1980 and based in Massachusetts, Clean Harbors operates in the United States, Canada, Mexico, Puerto Rico and India. For more information, visit www.cleanharbors.com .
View source version on businesswire.com: https://www.businesswire.com/news/home/20250912104934/en/
Eric J. Dugas
EVP and Chief Financial Officer
Clean Harbors, Inc.
781.792.5100
InvestorRelations@cleanharbors.com
Jim Buckley
SVP Investor Relations
Clean Harbors, Inc.
781.792.5100
Buckley.James@cleanharbors.com
FAQ**
How does Clean Harbors Inc. CLH plan to sustain its momentum in recycling beyond 2024, now that it has achieved its recycling goal well ahead of the 2030 target?
What specific innovations and technological advancements are driving Clean Harbors Inc. CLH’s success in expanding its recycling capabilities?
Can you provide more details on how Clean Harbors Inc. CLH’s business model integrates environmental responsibility with financial performance?
What are the key strategies Clean Harbors Inc. CLH is implementing to further reduce its greenhouse gas emissions in the upcoming years?
**MWN-AI FAQ is based on asking OpenAI questions about Clean Harbors Inc. (NYSE: CLH).
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