Recycling / circularLSE: RWI

Renewi

61Credible Contributor

Milton Keynes, United KingdomFounded 20170 followers

www.renewi.com

Anglo-Dutch waste-to-product company that collects, treats, and transforms commercial, industrial, and hazardous waste into secondary raw materials across the UK, Netherlands, Belgium, and France.

Green Score

61/100
Credible Contributor
Greenwashing risk
medium
Data confidence
medium
Method
how it is calculated
Climate Impact & Solution35%72

Does the core business genuinely avoid or reduce emissions, or build climate resilience? Share of revenue that is actually 'green'. Fossil-dependent models score low.

The core waste-to-product model genuinely diverts materials from landfill/incineration and avoids upstream virgin-resource extraction emissions, with a reported 63.2% recycling rate and 2.5 million tonnes of CO2 prevented annually — credible in direction but the 'avoided emissions' methodology is self-reported and not independently verified at the claim level.

Decarbonization & Targets20%38

Credible, science-based targets (SBTi), a real net-zero plan with progress to date, and CDP disclosure — not just a dated press release.

As of FY2024 Renewi had only committed to submitting short-term targets to SBTi — the first step — with no validated near-term or net-zero SBTi targets on record; no public CDP score was found, and the 2024 Annual Report references carbon reduction goals without presenting SBTi-validated milestones or quantified interim trajectories.

ESG & Operations15%60

Operational footprint, labour and social practices, and governance quality across the company's own operations and supply chain.

Renewi holds Level 4 (second-highest) certification on the SKAO CO2 Performance Ladder across its non-UK activities, maintains RecyClass and WEEELABEX certifications, and discloses alignment to UN SDGs and CSRD requirements, suggesting reasonable operational ESG governance, though labour and community disclosures are not prominently third-party verified.

Transparency & Verification15%55

Quality of disclosure, independent third-party verification, and how much hard data backs the company's claims.

Renewi publishes an annual report with non-financial sustainability data and references external frameworks (CSRD, SKAO, UN SDGs), but no independently verified CDP score, no SBTi-validated targets, and avoided-emissions figures are self-calculated — limiting investor-grade verifiability despite relatively good sector disclosure practice.

Integrity15%70

Controversies, litigation, pollution, fossil-fuel lobbying, conflict-zone involvement and governance scandals. Higher means cleaner.

No material greenwashing litigation, pollution scandals, fossil-fuel lobbying, or governance controversies were found in public sources for Renewi; the company operates in a regulated hazardous and industrial waste sector with inherent environmental risk, but no specific incidents of regulatory sanction or misconduct were identified in the research period.

Why it's on ClimateTicker

Renewi's core business — collecting and transforming waste into secondary raw materials — is genuinely mitigation-oriented: the company claims to prevent 2.5 million tonnes of CO2 annually and reintroduces 6.6 million tonnes of circular materials per year, providing real avoided-emissions value. However, its climate targets lag peers: as of 2023 it had only committed to submitting short-term targets to SBTi, with no validated targets on record, and its CDP disclosure status and score are not publicly prominent. The gap between the scale of its sustainability marketing and the maturity of its verified target framework is the key investor risk.

mitigationRenewi charges commercial, industrial, and hazardous waste generators for collection and treatment services across the UK, Netherlands, Belgium, and France, and generates additional revenue by selling recovered secondary raw materials (plastics, paper, metals, compost, etc.) back into supply chains.

Commitments & Certifications

Controversy & Greenwashing Watch

lowUK Municipal division classified as asset held for sale

Renewi's UK Municipal operations — historically loss-making and contractually complex — were classified as 'Asset Held for Sale' in FY2024, signalling strategic exit from a segment associated with underperformance and reputational risk in public waste contracts.renewi.com

lowUnverified avoided-emissions claims

Renewi's headline claim of preventing 2.5 million tonnes of CO2 annually is self-reported and based on internal avoided-emissions methodology without disclosed independent third-party verification, creating a modest but real greenwashing risk in marketing materials.nasdaq.com

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