10 Best Ethical Companies To Invest In According to Reddit

7. Waste Management, Inc. (NYSE:WM)

Number of Hedge Fund Investors: 54

Waste Management, Inc. (NYSE:WM) is one of the largest providers of waste and recycling services in North America. The company handles everything from residential trash to industrial waste solutions. Waste Management, Inc.’s (NYSE:WM) focus on environmental responsibility is evident in its investments in recycling technologies and renewable energy projects, including landfill gas-to-energy initiatives.

Waste Management, Inc. (NYSE:WM) is actively optimizing its cost structure and enhancing operational efficiency through the adoption of technology and automation. The company has automated over 800 routes in its residential fleet since 2022, aimed at reducing labor dependence, boosting efficiency, and improving safety performance. The company is now focusing on implementing technology-driven processes such as dynamic routing, advanced scheduling, and planning tools to further repair and maintenance costs and improve overall operational performance.

Waste Management, Inc. (NYSE:WM) is making substantial investments in sustainability and renewable energy, which are expected to drive significant long-term growth. The company is making progress on 39 projects in its recycling growth program which are expected to add 1.5 million tons of annual recycling capacity across North America. These automated recycling facilities will also deliver lower labor costs per ton and higher blended value on commodity sales and therefore will translate into better operating EBITDA margins.