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WM Now Accepts To-Go Cups in Curbside Recycling

1. WM now accepts polypropylene and paper to-go cups for recycling. 2. Curbside recycling programs across the U.S. will expand as a result. 3. Investment of $1.4 billion will enhance recycling infrastructure. 4. Recycling rates for polypropylene remain low compared to HDPE. 5. Collaboration with major companies aims to boost recycling efforts.

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Why Bullish?

WM's proactive measures and investments in recycling are expected to enhance market credibility and operational efficiency, potentially increasing stock valuation, as seen with similar initiatives in past years driving demand and customer engagement.

How important is it?

The article strongly focuses on WM's strategic enhancements and partnerships that align with environmental trends, making it highly relevant for investors and stakeholders assessing WM's future growth.

Why Long Term?

Long-term investments in infrastructure generally yield sustained benefits, evidenced by improved recycling rates and operational capacity over the years.

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WM has added plastic cups made of polypropylene and paper to-go cups to its universal list of accepted recyclable materials. WM (WM.com) is North America's leading provider of comprehensive environmental solutions. Previously known as Waste Management and based in Houston, Texas, WM is driven by commitments to put people first and achieve success with integrity. The company, through its subsidiaries, provides collection, recycling and disposal services to millions of residential, commercial, industrial, medical and municipal customers throughout the U.S. and Canada. WM Healthcare Solutions provides collection and disposal services of regulated medical waste and secure information destruction services in the U.S., Canada and Western Europe. (PRNewsfoto/Waste Management National Services, Inc) Plastic and Paper Cups from Companies Nationwide Now Accepted in More Local Recycling Programs , /PRNewswire/ -- WM (NYSE: WM), North America's leading environmental solutions provider and largest recycler, has added plastic cups made of polypropylene and paper to-go cups to its universal list of accepted recyclable materials. This means residents can recycle to-go cups curbside in more local recycling programs across the U.S. WM is encouraging municipalities and customers to help make this progress impactful by adding paper and plastic cups to accepted materials lists to help reach two new recycling designations. Both designations communicate to consumers about the recycling progress that will help more materials to be recycled and used again in a new product or package. Polypropylene cups are approaching a qualification for a Widely Recyclable designation from How2Recycle®, North America's most recognizable on-pack disposal label, which would mean more than 60 percent of U.S. residents can recycle plastic beverage cups curbside. The Recycling Partnership's State of Recycling Report indicates households generate on average about the same amount of polypropylene as high-density polyethylene (HDPE) used for items such as laundry detergent, milk or shampoo bottles, yet the recycling rate for polypropylene is one-third of what it is for HDPE.  Paper beverage to-go cups are trending toward meeting the criteria for the Check Locally designation from How2Recycle, which would mean at least 20 percent of communities accept paper cups in curbside recycling collection."Plastic and paper to-go cups are showing up in greater volumes at our facilities," said Tara Hemmer, chief sustainability officer, WM. "We are executing on our plans to invest $1.4 billion in new recycling infrastructure across North America to unlock recycling capabilities and solutions so that more material can be turned into new products. Recycling works best when it's accessible—and when industry leaders like WM, local communities, consumers and companies who purchase recycled material for new products and packaging all work together."WM's investment is helping make recycling easier for everyday plastic and paper cups made for hot and cold drinks so more recycled materials are produced in North America. These cups are valuable recyclable materials that are baled at WM's recycling facilities along with other commodities, then sold to end markets that remanufacture products out of the recycled materials.WM is also collaborating with industry leaders like Starbucks, The Recycling Partnership, How2Recycle® and the NextGen Consortium managed by Closed Loop Partners' Center for the Circular Economy, as well as municipalities and the National League of Cities to drive awareness and update recycling guidelines of what materials can be accepted in communities through curbside or drop-off programs. "We know that real progress is possible when communities, industry leaders and customers come together to make recycling more effective and accessible," said Marika McCauley Sine, chief sustainability officer, Starbucks. "WM's expanded curbside acceptance of our to-go cups is a meaningful step toward a more circular economy—where packaging is recycled more often and more easily."Visit WM's Recycle Right® page or the How2Recycle site for more tips on how to recycle and look at local municipality recycling acceptance lists for what can be recycled in specific communities. ABOUT WM WM (WM.com) is North America's leading provider of comprehensive environmental solutions. Previously known as Waste Management and based in Houston, Texas, WM is driven by commitments to put people first and achieve success with integrity. The company, through its subsidiaries, provides collection, recycling and disposal services to millions of residential, commercial, industrial, medical and municipal customers throughout the U.S. and Canada. With innovative infrastructure and capabilities in recycling, organics and renewable energy, WM provides environmental solutions to and collaborates with its customers in helping them pursue their sustainability goals. In North America, WM has the largest disposal network and collection fleet, is the largest recycler and is a leader in beneficial use of landfill gas, with a growing network of renewable natural gas plants and the most landfill gas-to-electricity plants, as well as the largest heavy-duty natural gas truck fleet in the industry. WM Healthcare Solutions provides collection and disposal services of regulated medical waste and secure information destruction services in the U.S., Canada and Western Europe. To learn more about WM and the company's sustainability progress and solutions, visit Sustainability.WM.com. Forward Looking Statements This press release contains forward-looking statements, including all statements regarding future events, future investment plans and all outcomes or benefits of such investments. Such statements are based on the facts and circumstances as of the date the statements are made and are subject to risks and uncertainties that could cause actual results to be materially different. Please see Part I, Item 1A of the Annual Report on Form 10-K, and subsequent Forms 10-Q, available at investors.wm.com for information regarding such risks and uncertainties. WM assumes no obligation to update any forward-looking statement.SOURCE WM

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