Question · Q4 2025
William Griffin asked about the sustainability business, specifically if the implied $700 million growth EBITDA in 2027, despite being below target, suggests the business is performing ahead of initial expectations when adjusted for lower recycled commodity prices. He also asked for a breakout of the 2026 sustainability growth EBITDA guide between recycling and RNG.
Answer
Executive Advisor Devina Rankin confirmed they are very pleased with the recycling business's performance, with automation investments delivering higher throughput, better price points, and over 30% labor improvement. She clarified that the $700 million relates to growth projects. For the 2026 sustainability growth EBITDA, she stated it's approximately 60% renewable energy and 40% recycling, including royalty.
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