Can This Waste Manager Help Clean Up Your Portfolio?
ESG investors concentrate on companies that perform well in environmental, social, and governance categories, and renewable energy providers are one example of environmentally minded companies. Clean Harbors Inc. (NYSE: CLH), North America's leading provider of environmental, energy, and industrial services, should also fit into that category. Investors looking for an ESG-friendly company can look at Clean Harbors' results for what is going right with the business, along with how the business is doing right for the environment.
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CEO and Chairman Alan S. McKim started Clean Harbors in 1980. Through investments and acquisitions, the company has become the leading service provider of its kind, and the largest hazardous waste disposal company in North America. In what could be a rather stagnant business that does nothing more than follow GDP growth, the company has delivered increasing revenue for a compound annual growth rate (CAGR) of 5.35% over the most recent three years. This compares to an average of 2.3% for annual GDP, according to the U.S. Bureau of Economic Analysis.
Source Fool.com
