Waste Management makes debut on Fortune list

Waste Management, Houston, has recently been named by Fortune magazine one of the "World’s Most Admired Companies." This year marks Waste Management’s debut on the list.

The Fortune study, conducted in partnership with Korn Ferry, surveys thousands of senior executives, outside directors and financial analysts to identify the companies that have the strongest reputations within their industries and across industries. The survey assesses candidates in 52 industry groupings drawn from Fortune 1000 and Global 500 companies, as well as other major non-U.S. companies. Survey participants rate candidates based on the nine key attributes: innovation, people management, use of corporate assets, social responsibility, quality of management, financial soundness, long-term investment value, quality of products and services, and global competitiveness.

Waste Management did not get on the company’s top 50 list across all industries, but it did come in fifth place in the “diversified outsourcing services” industry. It ranked no. 1 in that industry for long-term investment value.

“This recognition speaks to the incredible contributions of our more than 42,000 employees as they manage the environmental needs of our customers and communities,” says Jim Fish, the president and chief executive officer of Waste Management, in a written press release. “It also speaks to the steps we’ve been taking in investing in differentiated technologies and in thinking differently about problem-solving in ways that make us more agile and equip us – and our customers – to be strong advocates for the environment and to thrive in a changing world.”

Learn more about the study’s methodology at www.kornferry.com.