Cintas Corporation Releases its 2021 ESG Report
November 16 2021 - 09:00AM
Business Wire
The leader in business services publishes its
second, expanded Environmental, Social and Governance report
Cintas Corporation (Nasdaq: CTAS) today announced the
publication of its 2021 Environmental, Social and Governance (ESG)
Report.
The Cintas 2021 ESG Report is the company’s second consecutive
report and features expanded data and information from the
company’s initial ESG report in 2020.
>> View the 2021 Cintas ESG Report
The 2021 ESG Report includes:
- Discussions of Cintas’ long history of sustainable business
practices;
- Expanded data and information about the company’s emissions,
energy and water use;
- Insight into both ongoing and new environmentally focused
initiatives;
- Increased disclosures about Cintas’ human capital strategies,
labor relations, human rights standards, safety and health
commitment; and
- Deeper explanations of Cintas’ ESG management, and its
governance and ethical foundations.
The 2021 ESG Report follows Cintas’ September 2021 announcement
of its ambition to achieve Net Zero greenhouse gas (GHG) emissions
by 2050.
“Sustainability and a ‘reduce, reuse, recycle’ mindset have been
central to Cintas since our company’s origins almost 100 years ago,
and we’ve continued to grow our company with a sustainable business
model,” said Todd Schneider, President and Chief Executive Officer.
“We’ve become our industry’s leader while offering a suite of
sustainable services and products, and this is only the start of
our ESG journey.”
“This year we’ve embraced ESG ideas more holistically and
publicly, sharing information about our achievements and progress
along our journey. Our ambition to achieve Net Zero GHG emissions
and our 2021 ESG Report are natural evolutions for our company,” he
said.
As Cintas posted $7.11 billion in revenue in its fiscal year
2021, the company continued to demonstrate improvements in its
environmental performance. Cintas reduced its energy usage by 6.9%
and water consumption by 5.1% from fiscal year 2020 totals.
Further, the company also reduced its Scope 1 and Scope 2 emissions
by 7.8% from FY20 figures.
In August 2021, Cintas established a new executive position to
oversee its ESG strategy, promoting Christy Nageleisen to Vice
President of ESG and Chief Compliance Officer. Her new Risk and
Compliance Department will develop, monitor and oversee the
company’s ESG activities and compliance. A company-wide
organizational review is expected to continue into 2023, the
results of which will help Cintas establish an integrated ESG
strategy and help further identify meaningful goals and targets in
impacted areas.
“We have many successful initiatives in place that help us
reduce our use of natural resources; promote diversity, equity and
inclusion throughout our value chain; prioritize the safety and
health of our employee-partners; and encourage corporate compliance
and ethical interactions,” Nageleisen said. “We have established a
tremendous record and reputation in these areas, and they will
serve as a solid foundation for our future. We believe we can
identify further areas of opportunity as we begin to engrain ESG
concepts more systemically throughout our business.”
The 2021 edition reflects the company’s performance from its
2021 fiscal year, which ended May 31, 2021. To help support
stakeholder decision making, this year’s report again references
the Global Reporting Initiative (GRI) reporting framework, and also
includes Sustainability Accounting Standards Board (SASB)
disclosures for the first time.
Schneider continued, “We’re looking forward to having meaningful
conversations with our employee-partners, customers, suppliers,
shareholders and the communities in which we do business about our
goals and ambitions related to ESG matters, and how we can all work
together to be better stewards for our environment and
society.”
For more information about Cintas’ ESG activities and its
origins in sustainable business, visit cintas.com/esg.
About Cintas
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,
towels, restroom supplies, workplace water services, first aid and
safety products, eye-wash stations, safety training, fire
extinguishers, sprinkler systems and alarm service, 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20211116005277/en/
Media Contacts: Lizz Summers, Cintas Corporate
Communications Manager, summerse2@cintas.com, 513-972-2859 Michelle
Goret, Cintas Vice President of Corporate Affairs,
goretm@cintas.com, 513-972-4155
Investor Relations Contacts: Paul Adler, Vice President –
Treasurer & Investor Relations, adlerp@cintas.com,
513-972-4195 Mike Hansen, Executive Vice President and Chief
Financial Officer, hansenm@cintas.com, 513-972-2079
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