The Group performed strongly in 2023, with excellent performance from our operational assets and significant progress with the construction our Riverside 2 project, which will be operational in 2026.

Results like these do not happen by accident – our performance and progress in 2023 reflect the hard work and imagination of all our employees across the business, as well staunch support from our suppliers and our customers. I would like to thank you all!

Ben Butler
Chief Financial Officer

Key performance indicators


Download 2023 Annual Report



 £199.5 million

Revenue increased by 9.1 per cent compared with 2022, mainly due to an increase in contracted gate fees and higher electricity prices. Gains were offset by lower volumes of waste processed at the Barking site as operations were interrupted in the second half year to allow the relocation of waste equipment as part of the development of the new Riverside 2 transfer station.


£81.2 million

EBITDA decreased slightly compared with
2022 – a reduction of 1.6 per cent. This decline, in
spite of higher electricity and waste prices, was due to the loss of c.92GWh of electricity export due to the disconnection of the Riverside 1 EfW plant from the electricity grid to allow planned maintenance works to be completed.

Non-recyclable waste diverted from landfill

936,000 tonnes

Processing at Riverside 1 has increased
by 1kt from the prior year. This gain is offset by a 34kt reduction in the waste processed into RDF at the Barking site due to the relocation of waste equipment during the year to facilitate the construction of the Riverside 2 transfer station.



476 GWh

Electricity generation decreased by 15.8 per cent compared with 2022. This was due to the disconnection of the Riverside 1 plant from the local electricity grid for 53 days to allow the local grid operator to carry out planned maintenance works. As a result, the plant generated 0.60MWh/tonne of waste processed compared with 0.72MWh/tonne achieved in 2022.

Recyclable waste sorted

75,000 tonnes

The volume of recyclable waste processed decreased by 2kt compared with 2022 mainly due to a reduction in the comingled recycling volumes received by the Smugglers Way MRF, which is consistent with a gradual reduction in household waste arisings observed since the Covid pandemic.

Annual Report 2023

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Report archive

Date June 2024
Title GRI Content Index 2023
Document 29KB
Date May 2024
Title Annual Report 2023
Document 10,629KB
Date May 2024
Title Sustainability Report 2023
Document 10,136KB
Date January 2024
Title Gender Pay Gap Report 2022/23
Document 310KB
Date June 2023
Title GRI Content Index 2022
Document 57KB
Date June 2023
Title 2022 Sustainability Report
Document 13,656KB
Date February 2023
Title Modern Slavery and Human Trafficking Statement 2022
Document 123KB
Date January 2023
Title Gender Pay Gap Report 2021/2022
Document 253KB
Date June 2023
Title 2021 Annual Report
Document 4,586KB
Date February 2023
Title Modern Slavery Statement 2021
Document 239KB
Date September 2022
Title GRI Content Index 2021
Document 24KB
Date August 2022
Title Sustainability Report 2021
Document 4,510KB
Date February 2022
Title Gender Pay Gap Report 2020/21
Document 247KB
Date December 2021
Title Sustainability Report 2020/21
Document 13,272KB
Date December 2021
Title Cory GRI Content Index
Document 24KB
Date May 2021
Title Annual Review 2020
Document 21,058KB
Date February 2021
Title Modern Slavery Statement
Document 164KB
Date December 2020
Title Cory Riverside Energy Factsheet
Document 836KB
Date December 2020
Title CRE Green Financing Framework and DNV Assessment
Document 707KB
Date November 2020
Title Gender Pay Gap Report 2019 / 20
Document 258KB
Date October 2020
Title GRI Assessment 2018
Document 450KB
Date September 2020
Title Annual Review 2019
Document 19,920KB
Date July 2020
Title Modern Slavery Statement 2019
Document 96KB
Date June 2020
Title Materiality Assessment
Document 1,615KB
Date September 2019
Title Sustainability Report 2018
Document 4,080KB
Date September 2019
Title Gender Pay Gap Report 2018 / 19
Document 675KB
Date May 2019
Title GRI Assessment 2018
Document 450KB
Date March 2019
Title Gender Pay Gap Report 2017 / 18
Document 283KB
Date February 2019
Title Modern Slavery and Human Trafficking Statement 2018
Document 141KB
Date October 2018
Title Follow-up to Submission to HM Treasury Plastic Consultation
Document 265KB
Date October 2018
Title A response to UKWIN's Climate Change Impacts Report
Document 455KB
Date August 2018
Title The River Thames: An Untapped Asset
Document 7,148KB
Date March 2018
Title Gender Pay Gap Report 2016 / 2017
Document 210KB
Date January 2018
Title Carbon Report
Document 9,691KB
Date April 2017
Title ESAET Rethinking Waste Crime
Document 6,131KB
Date March 2017
Title Modern Slavery and Human Trafficking Statement 2017
Document 269KB
Date March 2016
Title Modern Slavery and Human Trafficking Statement 2016
Document 190KB