Quest Resource Holding Corporation (QRHC)

Company website 2020 Financial Report Stock Analysis

100

Waste Streams

Quest has expertise in 100+ waste streams

3500

Vendors

Quest procures waste from a network of 3,500 vendors

9^%

CAGR Increase

in gross profit, 2016 - 2019

View Our Analysis

The Path to Drawdown: Recycling

Project Drawdown considers recycling as the recovery of recyclable post-consumer waste (like glass, plastic, metals, etc.) from the industrial and residential sectors of the economy. Recycling replaces the disposal of recyclable materials in landfills and mitigates the need to use virgin material for production.

Up to half of all waste comes from households, and in some high-income countries, more than 50% of that waste is recyclable material.

Household recycling can reduce emissions because producing new products from recovered materials often saves energy. For instance, forging recycled aluminum products requires 95% less energy than creating them from virgin materials.

Project Drawdown estimates that by 2050, a serious commitment to recycling can help avoid 6.02 gigatons of GHG emissions. To get there, recycling needs to be adopted much more widely that they are now:

<::marker> In 2014, 27% of recyclable waste was recycled
<::marker> By 2050, 68% of recyclable materials need to be recycled
<::marker> That’s 2.6% CAGR between 2014 and 2050

If we can achieve that 68% recycling scenario, we can avoid up to 6.02 gigatons of GHG emissions.

About

Quest Resource Holding Corporation (stock ticker: QRHC) provides solutions for the reuse, recycling, and disposal of various waste streams and recyclables in the United States. The company was formerly known as Infinity Resources Holdings Corp. and changed its name to Quest Resource Holding Corporation in October 2013. They're in The Colony, Texas.

QRHC's Role in Drawdown

Quest Resource offers disposal and recycling services for a wide variety of waste materials like motor oil and automotive lubricants, oil filters, scrap tires, oily water, goods destruction, food waste, meat renderings, cooking oil and grease trap waste, plastics, cardboard, metal, glass, mixed paper, construction debris, as well as regulated and non-regulated solid, liquid, and gas wastes. They also offer antifreeze and windshield washer fluid, dumpster and compacting equipment, and other minor ancillary services. In addition, it also provides landfill diversion services.

Quest Resource’s services focus on the waste streams and recyclables from big box, food chain, and other retailers; automotive maintenance, quick lube, dealerships, and collision repair; transportation, logistics, and internal fleet operators; manufacturing plants; multi-family and commercial properties; restaurant chains and food operations; and construction and demolition projects. Quest Resource Holding Corporation markets its services to automotive, manufacturing, hospitality and retail, construction and demolition, and commercial and multi-family property management industries through direct sales force and strategic partnerships.

QRHC: What We Like

We'll update this section once Quest Resources makes sustainability information available.

What We Want to See Improve

Disclose Sustainability Information

We commend Quest Resource for offering such a wide array of recycling services that further the world on the path toward sustainability. But we also need to know the climate impact of Quest Resources itself. The company currently doesn't publish a sustainability report or disclose any sustainability information. We'd like to see them disclose their absolute greenhouse gas emissions, emissions avoided, the amount of energy used, and the sources of that energy.

Set Clear Targets

After we have a clear view of Quest Resources' sustainability metrics, then it's time to draw up targets to become greener. That means setting forth commitments for reducing greenhouse gas emissions, improving energy efficiency and transitioning to clean and renewable sources of energy. All of that within a next one or two decades.

Seek Out Clean Subcontractors

Quest Resources utilizes (p. 6) third-party subcontractors for the collection, sorting and processing of recyclable waste materials for businesses. They report that they have relationships with 3,500 third-party contractors who provide them with personnel, trucks and recycling facilities. No further information is available on these contractors, but we urge Quest Resources to seek out partners who are working toward reducing their own environmental footprint.

Related Recycling Stocks in the Climate Index

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Allocated		Company	Description
1.06%		GFL Environmental (GFL)	GFL Environmental offers waste manage and household recycling services. Household recycling is needed to reduce virgin material use and emissions
0.02%		Quest Resource Holding Corporation (QRHC)	Quest Resource provides recycling services for household waste of all kinds like oils, plastics, cardboard, tires, paper - you name it