Ryder Continues to Deliver Upon Corporate Social Responsibility Commitments

Rhea-AI Summary

Ryder System, Inc. (NYSE: R) has released its latest Corporate Sustainability Report, showcasing a commitment to sustainability and environmental responsibility. Between January 2019 and December 2020, Ryder achieved a 10% reduction in Scope 1 and 2 emissions and was recognized as a 'Green Supply Chain Partner' for the 12th consecutive year. The report highlights initiatives in five key areas, including protecting the planet and fostering diversity. Ryder's CSR efforts have resulted in significant waste recycling efforts and a diverse workforce, while also donating $5.5 million to charitable partners.

Positive

• Achieved a 10% reduction in Scope 1 & 2 emissions since 2017.
• Recognized as a 'Green Supply Chain Partner' by Inbound Logistics for the 12th consecutive year.
• Recycled the majority of automotive waste products, including 2.9 million gallons of used oil.
• Diverse workforce with 54% representation and 63% diverse new hires.
• Donated $5.5 million to charitable partners through the Ryder Charitable Foundation.

Negative

• None.

Ryder System, Inc. (NYSE: R), a leader in supply chain, dedicated transportation, and fleet management solutions, announces significant accomplishments in ongoing efforts to reduce its environmental impact, invest in new technologies, and cultivate talent.

To read more about how Ryder strives to integrate corporate responsibility and sustainability into every aspect of its business, visit the full Corporate Sustainability Report at http://rydercsr.com/. (Photo: Business Wire)

These and other industry-leading practices are detailed in “Impact for Good,” the latest Ryder Corporate Sustainability Report (CSR), showcasing the company’s commitment to efforts related to its environment, social, and corporate governance (ESG) initiatives. This new digital report also reinforces the company's strategic sustainability strategy and significant accomplishments to improve upon its efficiencies to reduce both its environmental footprint and those of its customers during January 1, 2019, through December 31, 2020.

“For the last 87 years, Ryder’s core values of trust, innovation, expertise, safety, and collaboration have guided how we have done business every day, and how we respond to our customers, employees, and communities,” says Ryder Chairman and Chief Executive Officer Robert Sanchez. “Our supply chain, fleet management, and transportation solutions ease complexity, increase efficiency, and keep goods and materials flowing so that the economy can grow and thrive. When businesses outsource these critical functions to Ryder, they can tap into our expertise, infrastructure, and investment in the latest technologies to make them safer, more efficient, and environmentally responsible.”

As an industry leader, Ryder has the unique opportunity and ability to continually reduce the impacts of its operations, and those of the tens of thousands of customers the company serves. The company deploys advanced vehicle technologies, optimizes distribution networks, operates energy-efficient warehouses and maintenance facilities, recycles automotive wastes, advances sustainable best management practices, and selects like-minded suppliers to help Ryder and its customers reduce emissions and drive long-term value for their businesses.

“Our commitment to being a responsible corporate citizen extends into every aspect of our business, and a strategy rooted in a commitment to sustainability is critical to Ryder’s long-term interests financially, operationally, and ethically,” adds Chief Legal Officer Bob Fatovic, who oversees all Ryder CSR and ESG initiatives. “Our success gives us not only the means, but the responsibility to do good in the communities and protect the environments where we do business.”

Ryder focuses its corporate sustainability efforts in the five key areas of 1) Protecting Our Planet; 2) Fostering Talent, Diversity & Equality; 3) Safeguarding People; 4) Transforming Our Communities; and 5) Upholding Ethics & Integrity. Significant accomplishments in 2019 and 2020 include among others:

• Achieved 10% reduction in Scope 1 & 2 emissions since 2017.
• The majority of automotive waste products are either recycled, or refined and reused, including 2.9 million gallons of used oil from our maintenance and fueling locations.
• For the 12th consecutive year, Ryder was named a "Green Supply Chain Partner" in the annual Inbound Logistics “G75” special section, which recognizes 75 leading companies that demonstrate a deep commitment to efficiency and sustainability.
• A network of more than 350 Ryder Certified Driver Trainers, which enables peer-to-peer safety education and empowers employees to become leaders in driver safety.
• Through Truckers Against Trafficking (TAT), more than 22,200 Ryder drivers and technicians received TAT training to spot and report human trafficking.
• Ryder’s overall workforce diversity representation was 54% and 63% were diverse new hires.
• Built around four leadership competencies of character, judgement, relationships, and results, Ryder’s Principles of Business Conduct training covered 99.9% of employees in 2019.
• Named one of FORTUNE® magazine’s “World’s Most Admired Companies,” ranking as one of the top five companies within the Trucking, Transportation, and Logistics industry for eight years in a row.
• Donated $5.5 million to charitable partners through the Ryder Charitable Foundation.

Ryder’s Corporate Sustainability Report was prepared in accordance with Global Reporting Initiative (GRI) standards. It is also aligned to the Sustainability Accounting Standards Board (SASB) Air Freight & Logistics Standard, and to the recommendations of the Task Force for Climate-Related Financial Disclosures (TCFD).

To read more about how Ryder strives to integrate corporate responsibility and sustainability into every aspect of its business, visit the full Corporate Sustainability Report at http://rydercsr.com/.

About Ryder System, Inc.

Ryder System, Inc. (NYSE: R) is a leading logistics and transportation company. It provides supply chain, dedicated transportation, and fleet management solutions, including full service leasing, rental, and maintenance, used vehicle sales, professional drivers, transportation services, freight brokerage, warehousing and distribution, e-commerce fulfillment, and last mile delivery services, to some world’s most-recognized brands. Ryder provides services throughout the United States, Mexico, Canada, and the United Kingdom. In addition, Ryder manages nearly 235,000 commercial vehicles and operates more than 300 warehouses encompassing approximately 64 million square feet. Ryder is regularly recognized for its industry-leading practices in third-party logistics, technology-driven innovations, commercial vehicle maintenance, environmentally friendly solutions, corporate social responsibility, world-class safety and security programs, military veteran recruitment initiatives, and the hiring of a diverse workforce. www.ryder.com

Note Regarding Forward-Looking Statements: Certain statements and information included in this news release are "forward-looking statements" within the meaning of the Federal Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on our current plans and expectations and are subject to risks, uncertainties and assumptions. Accordingly, these forward-looking statements should be evaluated with consideration given to the many risks and uncertainties that could cause actual results and events to differ materially from those in the forward-looking statements including those risks set forth in our periodic filings with the Securities and Exchange Commission. New risks emerge from time to time. It is not possible for management to predict all such risk factors or to assess the impact of such risks on our business. Accordingly, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

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FAQ

What are the key achievements highlighted in Ryder's latest Corporate Sustainability Report?

Ryder's report highlights a 10% reduction in Scope 1 and 2 emissions, recognition as a 'Green Supply Chain Partner', and significant waste recycling efforts.

How much did Ryder donate to charitable partners in the recent report?

Ryder donated $5.5 million to charitable partners through the Ryder Charitable Foundation.

What initiatives does Ryder focus on in its sustainability efforts?

Ryder focuses on protecting the planet, fostering talent and diversity, safeguarding people, transforming communities, and upholding ethics.

What percentage of Ryder's workforce is diverse?

Ryder's workforce diversity representation was 54%, with 63% of new hires being diverse.

How has Ryder contributed to reducing its environmental impact?

Ryder achieved a 10% reduction in Scope 1 and 2 emissions and recycles most automotive waste products.