WM Accelerates Sustainability Strategy With New High-Tech Recycling and RNG Facilities

On April 2, 2025, WM (formerly Waste Management) announced the grand openings of four new state-of-the-art recycling and renewable natural gas (RNG) facilities in the U.S., marking continued progress toward its $3 billion sustainability investment plan spanning 2022 to 2026. The initiative includes 39 new or upgraded recycling centers and 20 RNG plants.

Among the latest developments are upgraded recycling facilities near Baltimore and in Central Texas, and new RNG plants near Chicago and Philadelphia. These projects total more than $323 million in investment. Once complete, the expanded infrastructure is expected to increase WM’s annual recycling capacity by 2.8 million tons and RNG production by 25 million MMBtu — enough to potentially power 1.7 million homes by 2026.

These facilities utilize cutting-edge technology, including artificial intelligence, optical sorters, and automation, to boost operational efficiency and material recovery. WM’s landfill assets are also being transformed into energy hubs through the production of pipeline-quality RNG.

Additionally, WM acquired Blue Sky Resources and the AirLogic platform to enhance its capabilities in tracking and reducing landfill emissions.

CEO Jim Fish emphasized that the investments align with customer needs and long-term community support, while Chief Sustainability Officer Tara Hemmer highlighted the role of technology in advancing sustainability and energy efficiency.

For more information, visit [Sustainability.WM.com](https://sustainability.wm.com).

Waste Management, Inc. filed a Form 8-K on February 28, 2025, announcing the grant of annual incentive awards to its named executive officers on February 25, 2025. The awards, approved by the Management Development and Compensation Committee, include performance share units (PSUs), stock options, and annual cash incentives.

The PSUs are split equally between a cash flow generation performance measure and a total shareholder return measure relative to the S&P 500. The number of PSUs granted ranges from 43,636 for the CEO to 7,636 for other executives, with potential payouts between zero and 200% of the target amount, plus accrued dividend equivalents. The awards vest based on performance results as of December 31, 2027, and may be adjusted in cases of retirement, termination, or change in control.

Stock options were granted with an exercise price of $231.195 per share, vesting in three installments over three years. The number of stock options granted ranges from 50,580 for the CEO to 8,851 for other executives. The options have a 10-year term and remain exercisable under certain termination conditions.

Annual cash incentives were also awarded, based on operating EBITDA, income from operations margin, and internal revenue growth. Payouts can range from zero to 200% of the targeted amount and may be adjusted by up to 10% based on a sustainability scorecard. The committee also has discretion to adjust payouts by 25% based on individual performance.

The filing includes the award agreements as exhibits.