As Earth Day approaches on Monday, April 22, major recycling service companies like Waste Management (WM) and Republic Services (RSG) are preparing to announce their earnings. In anticipation of this event, PA Consulting’s Sustainability & Regenerative Economy Expert, Tony Perrotta, joined Yahoo Finance to discuss the opportunities in sustainability. Perrotta believes there is $12 trillion worth of value in this sector and highlighted the ways companies are leveraging recycling technologies.
According to Perrotta, companies are adopting sustainable practices in a number of ways. Firstly, there has been significant growth in better mechanical recycling practices, aided by vision technology, robotics, and artificial intelligence. Secondly, advanced recycling technologies are making strides in the US, allowing for the conversion of hard-to-recycle materials back into usable forms using chemical or physical heat processes. Finally, Perrotta highlighted the move towards novel and alternative materials such as seaweed, alginates and plant-based fibers.
For more insights from experts and to stay updated on the latest market trends, you can watch the full episode on Yahoo Finance.