Sunday, 23rd April, 2017
Cory Riverside Energy endorses waste crime report
Cory Riverside Energy endorses the findings contained in the recently published ‘Rethinking Waste Crime’ report, which was commissioned by the Environmental Services Association (ESA) and the Environmental Services Association Education Trust (ESAET).
Nick Pollard, Group CEO of Cory Riverside Energy, said: “We fully support the stance of the ESA and we are proud to have played a part in the production of this report. Unethical operators are too frequently able to profit from activities that flout waste management legislation and breach protective environmental standards. The ESA offers constructive recommendations for strengthening the regulatory framework around waste crime, which blights local communities, harms the environment and costs the country hundreds of millions of pounds every year.
“We encourage local authorities and central government to adopt to the greatest extent possible the measures promoted in this paper and we also back efforts to encourage UK businesses to consider the waste management activities of their trading partners and suppliers. Strengthening duty of care legislation will help to provide clear responsibility for custody of waste and will go some way to eradicating these selfish and criminal activities that have no place in our society.”
The full report can be viewed here.
Notes to Editors:
About Cory Environmental Group
Cory Environmental Group (“Cory”) is currently majority owned by funds advised or managed by Strategic Value Partners LLC or its affiliates. The business is well known and recognisable for its trademark Riverside infrastructure, comprising a large fleet of tugs and barges which sustainably transport over 500,000 tonnes of London’s municipal and commercial waste every year to their energy from waste (EfW) facility, producing electricity and recycled construction materials directly from the waste stream.
About Strategic Value Partners LLC
SVPGlobal was founded in 2001 by Victor Khosla. With approximately $4.2 billion in assets under management, SVPGlobal is a leading global investment firm with primary offices in Greenwich (CT), London, Frankfurt and Tokyo, focused on deep value investments. SVPGlobal seeks to create value in its investments through its substantial industry, restructuring and operating experience.
About EQT and EQT Credit
EQT is a leading global private equity group with approximately EUR 30 billion in raised capital. EQT has portfolio companies in Europe, Asia and the US with total sales of more than EUR 15 billion and 100,000 employees. EQT Credit II forms part of the EQT Credit platform which spans the full risk-reward spectrum and is currently investing through three strategies: Senior Debt, Mid-Market Credit and Credit Opportunities.
We encourage local authorities and central government to adopt to the greatest extent possible the measures promoted in this paper and we also back efforts to encourage UK businesses to consider the waste management activities of their trading partners and suppliers.