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The leader in business services publishes its second, expanded Environmental, Social and Governance report
CINCINNATI, November 16, 2021--(BUSINESS WIRE)--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.
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.
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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