Message from Our Founder and CEO

This year’s Sustainability Report is again a testament to the incredible work of our GFL team. It’s our opportunity to highlight not just the strong financial performance we have achieved, but also the significant and positive impact our sustainability initiatives are having on all our stakeholders. I am especially proud that we are featuring some of the dedicated employees who are driving these key programs highlighted in this year’s report.

March 5, 2025, marked the five-year anniversary of GFL’s initial public offering on the New York and Toronto Stock Exchanges. From the time of our IPO through 2024, even in the face of a challenging macro environment, GFL realized an annualized total shareholder return of approximately 22.5%, a result that is better than the returns provided by our industry peers, the S&P 500 and the TSX 60 in the same period.

Our financial success goes hand-in-hand with our commitment to sustainability. Since adopting our Sustainability Action Plan in 2021, we have made good progress in implementing its key objectives. Our projects in landfill gas-to-energy and Extended Producer Responsibility are not only expected to generate meaningful incremental financial returns but are also central to achieving our climate-related goals. These goals include increasing the volume of recyclables recovered at our Material Recovery Facilities by 40%, doubling the beneficial use of biogas from our landfills and our new updated target that we adopted late in 2024 of reducing our own greenhouse gas emissions by 30% from our 2021 baseline.

As I mentioned, this report features some of our employees who make our progress possible.

• On the front cover and on page 15, you’ll see our Renewables, Environmental Responsibility and Sustainability (RER&S) Team that developed our industry-leading and unique 3-pillar approach to our new GHG emissions reduction target. The work of our RER&S Team was recognized this year as a Sustainability Initiative of the Year by Business Intelligence Group.
• Our Extended Producer Responsibility Team, featured on page 11, is at the forefront of translating new EPR programs in Ontario, Quebec, and Alberta into effective operations that help our partners achieve their recycling targets.
• Safety will always be our top priority. Our continuous improvement in our safety record, including a 10% year-over-year improvement in our TRIR in 2024, would not be possible without the consistent, daily efforts of our environmental health and safety team, who are featured on page 18.

Our commitment to sustainability extends deep into our culture and the communities we serve.

In 2024, we successfully achieved our goal of establishing 18 Employee Sustainability Committees across GFL. These committees are another way our employees can engage with each other and with community groups, providing opportunities to volunteer on local environmental and conservation projects.

This community focus is also at the heart of our signature Full Circle Project. In 2024, we invested over $4.2 million into more than 220 local projects across 105 of our branch locations, supporting the causes that matter most to our employees and our customers. I encourage you to read more about the projects we supported this year and the dedicated team responsible for implementing this program across GFL on page 22.

GFL’s achievements from our strong shareholder returns to our ambitious climate goals are all driven by the commitment of our employees. This collective passion and commitment is what defines GFL. I could not have expressed it better than to quote our driver, Chris Girard in his acceptance speech when he was recognized by the National Waste and Recycling Association with a 2025 Driver of the Year award:

“If you aren’t working for GFL, you’re working for the wrong company.”

Thank you to our entire team, our customers, and our stakeholders for helping us build a more sustainable future, together.