Cintas Corporation Releases Its Fiscal Year 2024 Sustainability Report

Rhea-AI Summary

Cintas (CTAS) has released its Fiscal Year 2024 Sustainability Report, highlighting significant progress in environmental and social sustainability initiatives. The company achieved several notable milestones, including:

- Recording its lowest-ever safety incident rate (TRIR) of 1.35
- Increasing U.S. employee-partners with self-reported minority status to 45.7%
- Reducing emissions intensity by 40% since fiscal 2019
- Returning over 90% of withdrawn water to municipalities
- Offering more than 200 styles of recycled material apparel

CEO Todd Schneider emphasized the company's commitment to 'A Shared Drive for Better' through operational improvements benefiting employee-partners, customers, and shareholders. Mark Bolen, VP of Engineering and Sustainability, reinforced the importance of ethical business practices and continuous improvement in creating lasting impact.

The report highlights the organization’s ambitions and progress in operational efficiency and environmental and social sustainability.

CINCINNATI--(BUSINESS WIRE)-- Cintas Corporation (Nasdaq: CTAS) today published its latest Sustainability Report, detailing the company’s sustainability ambitions in the Fiscal Year 2024, which ended May 31, 2024.

Cintas published its latest Sustainability Report, detailing the company’s sustainability ambitions in the Fiscal Year 2024, which ended May 31, 2024. (Graphic: Business Wire)

>>> Click here for the 2024 Sustainability Report: https://cint.as/sustainability

“The future is bright at Cintas, where the core values of sustainability have been central since our inception,” said Todd Schneider, President and CEO of Cintas. “We continue to embrace our vision of ‘A Shared Drive for Better’ through operational improvements and efficiencies that positively impact our employee-partners, customers and shareholders for years to come.”

Fiscal Year 2024 sustainability highlights include:

• Achieved the lowest safety incident rate (TRIR) in the company’s history of 1.35
• Employee-partners in the U.S. with a self-reported minority status increased again to 45.7%
• Reduced emissions intensity by 40% since the fiscal 2019 base year
• Returned more than 90% of the water withdrawn to municipalities
• Offered over 200 different styles of apparel made of recycled material

“Our strong culture of running our business ethically and responsibly is a key tenant to our success through the years,” said Mark Bolen, Vice President of Engineering and Sustainability at Cintas. “It’s imperative that we review our progress through our lens of positive discontent so that we can continue to challenge ourselves to seek out continued improvements that create a lasting impact.”

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

About Cintas Corporation

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®. 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250121991970/en/

Cintas Media Contact:

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

Source: Cintas Corporation

FAQ

What sustainability goals did Cintas (CTAS) achieve in FY 2024?

In FY 2024, Cintas achieved its lowest safety incident rate of 1.35, increased minority representation to 45.7%, reduced emissions intensity by 40% since FY 2019, returned over 90% of water to municipalities, and offered 200+ recycled material apparel styles.

How much has Cintas (CTAS) reduced its emissions intensity since 2019?

Cintas has reduced its emissions intensity by 40% since its fiscal 2019 base year.

What is Cintas's (CTAS) current minority employee representation?

As of FY 2024, 45.7% of Cintas's U.S. employee-partners have self-reported minority status.

What is Cintas's (CTAS) water conservation achievement in FY 2024?

Cintas returned more than 90% of its withdrawn water to municipalities in FY 2024.

What was Cintas's (CTAS) safety incident rate in FY 2024?

Cintas achieved its lowest historical safety incident rate (TRIR) of 1.35 in FY 2024.