Press release
Cintas Corporation Announces Ambition to Achieve Net Zero GHG Emissions by 2050
The leader in the industrial services industry is undergoing an organizational review to determine targets CINCINNATI--(BUSINESS WIRE)-- Cintas Corporation
About this update from Cintas Corporation
[{"type":"text","content":"\nThe leader in the industrial services industry is undergoing an organizational review to determine targets\n\n CINCINNATI--(BUSINESS WIRE)--\nCintas Corporation (Nasdaq: CTAS) has announced its ambition to achieve Net Zero greenhouse gas (GHG) emissions by 2050.\n\nThe company is also in the midst of a comprehensive, enterprise-wide review of its business model as it relates to environmental, social and governance (ESG) opportunities, improvements, and efficiencies. Cintas has been built on sustainable business practices, and the continuous improvement of its sustainability measures has been key to the company’s operational success over the years.\n\nAs its business review continues for the next 12-18 months, Cintas expects to better define its ESG journey, including identifying strategies to reduce its Scope 1 and 2 GHG emissions and potential avenues to reduce Scope 3 GHG emissions from its supply chain. The review will also focus on opportunities to further reduce its overall environmental impact through continued reductions in energy, water, raw materials, and waste throughout its business.\n\n“Cintas was founded on a sustainable business model and has grown to a $7-plus billion-dollar company by recycling, reducing, and reusing our products and materials for our customers, and helping them reduce their environmental impact. Our corporate culture is based on doing what’s right and challenging ourselves to be better, so we view announcing our ambition to reach Net Zero GHG emissions by 2050 as a natural extension of our culture and how we conduct our business,” said Todd Schneider, Cintas President and CEO. “We believe that climate change is a real issue, and that as a good corporate citizen, we must actively engage in activities and initiatives that help reduce our impact on the environment. We understand that reaching Net Zero GHG emissions by 2050 is ambitious given our business and industry, but we are committed to doing our part to innovate and explore new technologies that will be necessary in this journey.\n\n“We continually develop and implement new processes to reduce our energy and water consumption while still maintaining our industry-leading quality and service. Our Net Zero ambition will challenge our entire company to think even more critically about our business and create more sustainable means to help our c...