Cintas Corporation Provides Annual Update on Key Safety and Sustainability Business Initiatives

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Cintas Corporation (NASDAQ:CTAS) has published its 2023 Sustainability Report, highlighting progress in reducing energy and emissions intensity, improving water usage efficiency, and maintaining worker safety. The report details the company's performance in fiscal year 2023, including achievements such as the lowest safety incident rate in company history, increased diversity among employee-partners, and significant reductions in greenhouse gas emissions, energy usage, and water consumption.

Highlights include continued progress in reducing both energy and emissions intensity, improving efficiency in water usage, driving business efficiencies across operations and maintaining worker safety, among progress in other key areas

CINCINNATI, OH / ACCESSWIRE / January 24, 2024 / Cintas Corporation (NASDAQ:CTAS) today published its 2023 Sustainability Report (the "Report"), which provides an update on the company's continued efforts to elevate its corporate, environmental, social and governance impact - People, Planet, Workday.

Now in its fourth year, the Report details the company's performance in the fiscal year 2023, which ended May 31, 2023.

>> View the 2023 Cintas Sustainability Report

"Cintas' heritage is rooted in our collective commitment to efficiency, innovation, and excellence - and this year was no exception," said Todd Schneider, President and CEO of Cintas. "We continued to optimize our proprietary SmartTruck technology and moved to the Google Cloud Platform as we doubled down on our commitment to technology innovation to drive efficiency. We reduced our emissions intensity by 11% and further enhanced the efficiency of our water usage. We recorded the lowest safety incident rate in our history. In keeping with our ongoing commitment to our people, we were named one of Forbes' America's Best Large Employers 2023, reflecting our efforts to prioritize and support the needs of our employee-partners. These tremendous achievements represent just a few highlights of the progress we made in 2023."

The Company's 2023 accomplishments include:

• Achieved the lowest safety incident rate (TRIR) in the company's history of 1.53
• Employee-partners in the U.S. with a self-reported minority status increased to 45.1%
• Reduced greenhouse gas emissions intensity by 35% since the fiscal 2019 base year, including a more than 11% decrease in fiscal 2023
• Reduced energy usage intensity by 33% since the fiscal 2019 base year, including a 13% decrease in fiscal 2023
• More than a 9% reduction in both water withdrawal and total water consumed since the fiscal 2019 base year

"In 2023, we continued to deliver significant progress in our efforts in Diversity, Equity, and Inclusion, Health and Safety, Environmental Stewardship, and other sustainability programs, all while driving innovation to advance our key initiatives," said Christy Nageleisen, Vice President of ESG. "Our commitment to sustainability and adhering to our attitude of positive discontent to drive continuous improvement are deeply engrained in the fabric of Cintas and continue to help us lead a ‘Shared Drive for Better' for our employee-partners, the communities we serve, the planet, and our customers."

For more information about these key initiatives and activities and Cintas' commitment to sustainable business, visit cintas.com/esg.

About Cintas
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®. 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.

Media Contact:
Michelle Goret, Cintas Vice President of Corporate Affairs goretm@cintas.com, 513-972-4155

View additional multimedia and more ESG storytelling from Cintas on 3blmedia.com.

Contact Info:
Spokesperson: Cintas
Website: https://www.3blmedia.com/profiles/cintas
Email: info@3blmedia.com

SOURCE: Cintas

View the original press release on accesswire.com

FAQ

What did Cintas Corporation publish?

Cintas Corporation published its 2023 Sustainability Report.

What is the ticker symbol for Cintas Corporation?

The ticker symbol for Cintas Corporation is CTAS.

What are some highlights of the 2023 Sustainability Report?

The highlights include reducing energy and emissions intensity, improving water usage efficiency, and maintaining worker safety.

What is the lowest safety incident rate achieved by Cintas Corporation?

The lowest safety incident rate (TRIR) achieved by Cintas Corporation was 1.53.

What percentage of employee-partners in the U.S. had a self-reported minority status?

45.1% of employee-partners in the U.S. had a self-reported minority status.

What are some achievements related to greenhouse gas emissions and energy usage?

Cintas Corporation achieved a 35% reduction in greenhouse gas emissions intensity and a 33% reduction in energy usage intensity since the fiscal 2019 base year.

What are some achievements related to water consumption?

Cintas Corporation achieved a more than 9% reduction in both water withdrawal and total water consumed since the fiscal 2019 base year.

Who is the President and CEO of Cintas Corporation?

Todd Schneider is the President and CEO of Cintas Corporation.