Averda secures ESG status upgrade from Sustainalytics

Averda, the leading end-to-end waste management and recycling company in emerging markets, announces that its ESG status has been upgraded by Sustainalytics, one of the leading global environmental, social and governance (“ESG”) ratings agencies.

In this year’s report, Averda secured the highest rating amongst its peers in the facilities maintenance subindustry with an overall ESG risk rating of Low due to the improved management of its critical risk factors as identified by the ratings agency.

Averda recognises the vital role that waste management has to play in improving the environment and addressing climate change. The business is working with clients in its countries of operation to drive an improvement in municipal solid waste treatment through a steady increase in the amount of recycling, thereby increasing diversion of waste from landfill.

To support the delivery of these services and increase the focus on sustainability, Averda has made a number of recent senior appointments including Brindha Roberts as Group Director of Sustainability and Mariam Ansari as Director of Plastics Recycling. These appointments reflect Averda’s strategic focus on bringing cutting edge recycling techniques to the emerging world and its commitment to drive staff diversity at a senior level.

Malek Sukkar, CEO of Averda, commented: “We take the issue of sustainability extremely seriously in the belief that ESG and circular economy-related initiatives are critical not only to the long-term success of our business but also to the natural world in which we live. The report from Sustainalytics validates our approach and proves that sustainable ways of working are being successfully incorporated throughout Averda. “