Environmental Services Trends: Technology and AI Solutions are Revolutionizing the Recycling Market

Technology is playing a critical role in the achievement of sustainability targets, and the need for sustainability data has never been greater.

Large global companies are linking IT and sustainability, according to an IBM survey of 3,250 global business leaders. A majority (62%) of the participating organizations have dedicated sustainability budgets that pay for IT solutions, with more than one-third (38%) planning to invest “a lot more” in IT for sustainability in the next year. New IT tools are targeting lower energy use (34%) and minimizing waste (32%), cited as the top sustainability-related benefits, while total energy consumption and renewable energy consumption were identified as the most commonly tracked KPIs (52%).

Through investments in technology and systems, organizations are building out the capability to capture the key pieces of data for customers, enabling them to track progress against their unique goals.
In the full environmental industry report you can read more about how industry leaders are using technology and data in their operations. It also features an in-depth examination of the key drivers that are leading to the prioritization of sustainability and how select waste-to-value solutions are accelerating the transition toward a more circular economy. BGL gathered insights from executives leading sustainability-related initiatives at WM, GFL Environmental, VLS Environmental Solutions, and The Amlon Group.

Contact our Environmental Services Team

BGL’s Environmental Services investment banking team has been a leader in the North American market in transaction volume for more than a decade, according to Pitchbook.com. Our experience spans the spectrum of the sector, including solid waste, industrial & special waste, waste-to-energy, specialty environmental services, and tech-enabled services.