Cintas Corporation Debuts on Newsweek’s 2022 America’s Most Responsible Companies List
January 06 2022 - 9:31AM
Business Wire
Cintas makes its debut in Newsweek’s
third-annual corporate social responsibility rankings
Cintas Corporation (Nasdaq: CTAS) was recently honored among
Newsweek’s 2022 America’s Most Responsible Companies.
Newsweek notes that its America’s Most Responsible Companies
list is “based on a holistic view of corporate responsibility” and
equally considers the three ESG areas in its rankings –
environment, social and corporate governance – to formulate a final
“CSR Score” that is used to rank companies.
“We believe that ESG is central to Cintas and it’s influenced
our sustainable business model since our company’s origins during
the Great Depression,” said Todd Schneider, Cintas President and
CEO. “Environmental, social and governance concepts are engrained
in our company and we appreciate the recognition for our recent
performance in these areas.
“Cintas has made a tremendous effort to reduce our environmental
impact; foster an inclusive, supportive atmosphere for our
employee-partners; and establish ourselves as a moral and ethical
company. Our corporate culture is based on doing what’s right and
using positive discontent to push ourselves to be better. Being
recognized for our success to date is certainly gratifying, but we
also acknowledge that we must continue to challenge ourselves to
make stronger impacts in these areas while continuing to do so in
an admirable way,” Schneider continued.
The 2022 edition of the list marks the company’s debut on
Newsweek’s third-annual rankings, which began in 2020. Statista, a
leading global provider of market and consumer data, provided the
analysis for Newsweek.
Cintas was selected for Newsweek’s list following a four-phase
review of the 2,000 largest public companies in the U.S.
Newsweek and Statista’s evaluation for the America’s Most
Responsible Companies List was based on publicly available
information as of June 30, 2021, which included Cintas’ 2020 ESG
Report. The company’s expanded 2021 ESG Report had not been
published at that time and was not considered in the 2022
evaluation, nor was fiscal year 2021 ESG data that was final, but
not yet public at that time.
How the Rankings were Determined
Newsweek and Statista developed the 2022 rankings using a
four-phase process. The candidate pool was curated from the top
2,000 public companies by revenue with headquarters in the U.S.,
and banks and insurance companies included had total assets that
exceeded $50 billion.
From there, pre-screening continued. Companies that published a
corporate social responsibility report in 2019 or 2020 – or
something similar like a sustainability or ESG report – were
considered so long as they reported at least one relevant key
performance index (KPI) in the environment sector as of June 30,
2021.
Further, companies were removed from consideration if their
activities focused primarily on defense, or if they were involved
in major lawsuits or scandals.
Statista then performed a detailed review of the remaining
candidate companies, which included surveying more than 11,000 U.S.
residents and researching the company’s performance in relevant
KPIs including waste, emissions, water use, energy use,
environmental engagement, leadership diversity, employees,
philanthropy and engagement, disclosure and transparency, and
economic performance.
The scoring model calculated their CSR Score based on detailed
analysis of the data they collected in the three areas, which
represent 70% of each area’s component score, and the incorporation
of the reputational survey results, which completed the other 30%
of each area’s component score.
The final environment, social and governance component scores
were weighted equally to determine companies’ final CSR scores.
The 500 companies with the highest CSR scores were then awarded
designation among “America’s Most Responsible Companies.”
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/20220106005584/en/
Lizz Summers, Cintas Corporate Communications Manager:
summerse2@cintas.com | (513) 972-2859
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