At Covanta, the work we do is more than just a job. It’s a commitment to something greater, and it has been from the beginning.
We entered the waste business in the early 1980s. We were four decades ahead in our thinking on sustainability, developing the best negative carbon solutions. Our vision was to modernize the industry and help build a cleaner world through a pledge of responsible disposal and the technology sophisticated enough to realize it. But we didn’t get our start purely from aspirational thinking.
Teaming up with municipalities to meet their needs and drive our vision, we opened our first facility in Tulsa, Oklahoma in 1986. Its success in delivering reliable, environmentally friendly disposal services at competitive prices led us to a period of heavy growth, and by 1993, we operated 21 plants.
Since then, we've sustainably diverted over one billion tons of waste from landfills. Today, we divert nearly 10% of the waste generated in North America annually. We continue to deploy the latest technological innovations to continuously enhance systems monitoring and improve recycling—facilitating a negative carbon solution for society's waste. In the process, we have become the world’s largest Waste-to-Energy provider.
To help other businesses overcome their waste challenges, we’ve extended into commercial offerings to deliver world-class sustainable solutions that protect brands, reduce their disposal costs and inspire change within their operations and the circular economy.
In late 2021, we moved into the private sector after being acquired by the EQT Infrastructure V fund, a global investment organization that specializes in sustainable growth. Together, we’re continuing to improve and invest in our mission by building upon our portfolio of assets, furthering our growth opportunities, expanding our efforts in environmental stewardship and enhancing our company’s value and relationship with industrial peers and community members.
We're working to do something that is truly transformational—something that makes concrete, near-term and lasting changes for the better in pursuit of our goal to become the most sustainable provider of waste solutions.
And while we are excited as to what lies ahead, we have not lost sight of our roots. Our commitment remains strong to the people we serve and the places we call home. To further support them, we volunteer our time and resources to local groups and initiatives we feel passionate about, fostering environmental justice programs, fighting climate change, educating our neighbors and helping our peers to do the same.
At Covanta, the work we do is more than just a job. It’s striving to make a positive, significant difference not only for our industry, but for the people we serve, planet we share and future we hold.
It’s what “Protecting Tomorrow” is all about.