Cintas Corporation Added to the FTSE4Good Index
July 15 2022 - 9:00AM
Business Wire
A leader in the North American business
services industry was recently added to one of the premier tradable
global sustainability index funds
Cintas Corporation (Nasdaq: CTAS) has been included on the
FTSE4Good Index.
Created by the global index and data provider FTSE Russell, the
FTSE4Good Index Series is designed to measure the performance of
companies demonstrating strong Environmental, Social and Governance
(ESG) practices. The FTSE4Good indexes are used by a wide variety
of market participants to create and assess responsible investment
funds and other products.
FTSE Russell evaluations are based on performance in areas such
as Corporate Governance, Health & Safety, Anti-Corruption and
Climate Change. Businesses included in the FTSE4Good Index Series
meet a variety of environmental, social and governance
criteria.
“With our company’s deep history rooted in sustainable
practices, we’re proud to be recognized by FTSE Russell with
inclusion on their FTSE4Good Index,” said Mike Hansen, Cintas
Executive Vice President and Chief Financial Officer. “We hope this
further demonstrates the tremendous value we create for our
shareholders, customers and employee-partners as we focus on
conducting our business the right way.”
“Our inclusion on the FTSE4Good Index is certainly a welcome
acknowledgement of our ongoing efforts to operate our business in a
sustainable, ethical manner,” said Christy Nageleisen, Cintas Vice
President of ESG and Chief Compliance Officer. “We’re just getting
started on our formal ESG Journey, and gaining recognition for the
work and accomplishments we’ve made to date is motivation to
continue our work as we strive for greater positive impacts in
environmental, social and governance areas.”
In its most recent evaluation, Cintas rated above the average of
its peers in FTSE Russell’s Business Support Services industry
subsector for ESG Rating, Environment, Social and Governance, and
was substantially higher than the average for the companies
included in FTSE Russell’s broader Industrials industry in all four
categories. Further, Cintas earned FTSE’s highest score for
governance.
Cintas was rated especially high against the Business Support
Services subindustry in Managing Climate Change, Water Security,
Health & Safety, Social Supply Chain and Anti-Corruption
Issues.
ESG at Cintas
Cintas’ sustainable business model has underpinned the company’s
growth strategy and imparted a holistic “Reduce, Reuse, Recycle”
mentality throughout the company’s operations.
This approach dates back to the company’s origins almost 100
years ago during the Great Depression. Out-of-work circus
performers Doc and Amelia Farmer went around to Cincinnati-area
businesses and collected their dirty, discarded shop rags from
their trash bins, and brought the dirty rags home to launder them.
When the rags were clean, Doc and Amelia then sold them back to
area businesses, thereby extending their useful lives and reducing
companies’ ongoing need to replace their discarded rags with
brand-new rags.
Since then, the company has grown and expanded business
operations to include uniform and apparel rental programs, facility
services, first aid and safety products and services, and fire
protection services.
Cintas’ cultural focus on its Principal Objective, its Corporate
Character and Management Systems – defined by Founder Dick Farmer
in his book, “Spirit is the Difference” – has resulted in
ESG-centric business practices embedded holistically into Cintas’
operations from its start.
To learn more about Cintas’ ESG program, including its most
recent reporting, visiting cintas.com/esg.
About Cintas Corporation
Cintas Corporation helps more than one million businesses of all
types and sizes get Ready™ to open their doors with
confidence every day by providing products and services that help
keep their customers’ facilities and employees clean, safe, and
looking their best. With offerings including uniforms, mats, mops,
restroom supplies, first aid and safety products, fire
extinguishers and testing, and safety training, Cintas helps
customers get Ready for the Workday®. The company is also
the creator of the Total Clean Program™ — a first-of-its-kind
service that includes scheduled delivery of essential cleaning
supplies, hygienically clean laundering, and sanitizing and
disinfecting products and services. Headquartered in Cincinnati,
Cintas is a publicly held Fortune 500 company traded over the
Nasdaq Global Select Market under the symbol CTAS and is a
component of both the Standard & Poor’s 500 Index and
Nasdaq-100 Index. For more information, visit cintas.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20220715005074/en/
Lizz Summers, Director of Corporate Affairs | (513) 972-2859 J.
Michael Hansen, Executive Vice President and Chief Financial
Officer | 513-972-2079 Paul F. Adler, Vice President - Cintas
Treasurer & Investor Relations | 513-972-4195
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