{"id":761011,"date":"2023-05-31T11:03:05","date_gmt":"2023-05-31T15:03:05","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/cintas-named-a-usa-today-climate-leader-2023\/"},"modified":"2023-05-31T11:03:05","modified_gmt":"2023-05-31T15:03:05","slug":"cintas-named-a-usa-today-climate-leader-2023","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cintas-named-a-usa-today-climate-leader-2023\/","title":{"rendered":"Cintas Named a USA Today Climate Leader 2023"},"content":{"rendered":"

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Cintas Named a USA Today Climate Leader 2023<\/b><\/p>\n

Cintas recognized for its ongoing efforts to reduce its environmental impact<\/i><\/p>\n

CINCINNATI–(BUSINESS WIRE<\/a>)–
\nIn recognition of its commitment to and success in reducing its greenhouse gas emissions intensity in recent years, Cintas Corporation<\/a> (Nasdaq: CTAS) has been named to the inaugural USA Today Climate Leader 2023 list<\/a>.<\/p>\n

\nTo determine its first-ever Climate Leader list, USA Today teamed with Statista, a leading global provider of market and consumer data. They identified the U.S.-headquartered companies who met the inclusion criteria that achieved the greatest reductions in their core emissions intensities \u2013 the measurement of Scope 1 and 2 greenhouse gas emissions as a factor of revenue \u2013 between 2019 and 2021.<\/p>\n

\nCintas lowered the emissions intensity of its Scope 1 direct and Scope 2 indirect emissions from 113.1 metric tons of carbon dioxide equivalents per million dollars of revenue (MTCO2e\/$M) in fiscal year 2019, to 89.3 MTCO2e\/$M in fiscal year 2021, which ended on May 31, 2021.<\/p>\n

\nIn fiscal year 2022, Cintas lowered its emissions intensity by an additional 7.5% \u2013 to 82.6 MTCO2e\/$M \u2013 to bring its four-year emissions intensity reduction to 27%. More information about Cintas\u2019 emissions performance and data methodologies is available in its 2022 ESG Report.<\/a><\/p>\n

\n\u201cRallying around our sustainability vision \u2013 A Shared Drive for Better \u2013 has been important for us and our business,\u201d said Todd Schneider, Cintas President and CEO. \u201cOur history of identifying opportunities and solutions through our culture of positive discontent has had a major impact on lowering our environmental impact.<\/p>\n

\n\u201cWe appreciate USA Today for recognizing Cintas as a Climate Leader in its inaugural program. We believe innovation and advances in technology will continue to be important drivers in our sustainability initiatives, especially as we identify opportunities to pursue sustainable programs and processes throughout our business,\u201d Schneider added.<\/p>\n

\nEnterprise-wide initiatives like an LED lighting conversion project<\/a> and an ongoing dedication to Operational Excellence and Reliability initiatives have all helped contribute to the decrease in GHG emissions intensity.<\/p>\n

\nOther more recent initiatives – including the rollout of its first electric fleet vehicles <\/a>and its SmartTruck fleet routing optimization program \u2013 are expected to help contribute to ongoing emissions intensity reductions.<\/p>\n

\nIn September 2021, Cintas announced its ambition to achieve Net Zero GHG emissions by 2050<\/a> and has continued to build out its enterprise-wide sustainability strategy.<\/p>\n

\n\u201cWe never stop challenging the status quo in everything we do to deliver A Shared Drive for Better,\u201d said Christy Nageleisen, Cintas Vice President of ESG. \u201cAs we continue on our ESG Journey, and especially our Path to Net Zero, we will continue to embrace opportunities that elevate sustainable solutions. We\u2019ve made significant progress during the last few years in identifying more efficient ways to operate, and we\u2019ll continue to evaluate every input and output as we focus on reducing our environmental impact, including our direct and indirect emissions.\u201d<\/p>\n

\nThe company\u2019s sustainable business model dates back to the Great Depression when out-of-work circus performers Doc and Amelia Farmer collected dirty, discarded shop rags and laundered them at home before selling them back to the same Cincinnati-area companies and creating a local circular economy for otherwise end-of-life products.<\/p>\n

\nAs the family company continued to evolve, it continued to operate a reduce, reuse, repair, recycle program \u2013 first with rags and towels before expanding to other textiles and later rented workwear under Cintas Founder and Doc and Amelia\u2019s grandson, Dick Farmer.<\/p>\n

Learn More about Cintas\u2019 ESG Journey<\/b><\/p>\n