Press release
Cintas Corporation Releases its 2021 ESG Report
The leader in business services publishes its second, expanded Environmental, Social and Governance report CINCINNATI--(BUSINESS WIRE)-- Cintas Corporation
About this update from Cintas Corporation
[{"type":"text","content":"\nThe leader in business services publishes its second, expanded Environmental, Social and Governance report\n\n CINCINNATI--(BUSINESS WIRE)--\nCintas Corporation (Nasdaq: CTAS) today announced the publication of its 2021 Environmental, Social and Governance (ESG) Report.\n\nThe 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.\n\n>> View the 2021 Cintas ESG Report\n\nThe 2021 ESG Report includes:\n\n\nDiscussions of Cintas’ long history of sustainable business practices;\n\n\nExpanded data and information about the company’s emissions, energy and water use;\n\n\nInsight into both ongoing and new environmentally focused initiatives;\n\n\nIncreased disclosures about Cintas’ human capital strategies, labor relations, human rights standards, safety and health commitment; and\n\n\nDeeper explanations of Cintas’ ESG management, and its governance and ethical foundations.\n\n\nThe 2021 ESG Report follows Cintas’ September 2021 announcement of its ambition to achieve Net Zero greenhouse gas (GHG) emissions by 2050.\n\n“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.”\n\n“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.\n\nAs 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.\n\nIn 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 Dep...