The saying “where there’s muck there’s brass” remains as true today as it has ever been – global demand for waste services is about $150bn, according to Bruce Jenkyn-Jones, director of investment at Impax Asset Management.
Investors have returned to a sector they once saw as offering low returns – earnings are steadily growing, with the amount of waste continuing to grow as the population and the global economy continue to expand. The industry also benefits from not being cyclical and from long-term fixed contracts of 15 years or more, while demand is also driven by a whole raft of legislation.
