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
The 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.
As 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.
“Cintas was founded on a sustainable business model and has grown to a
“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 customers get Ready for the Workday. To successfully achieve our ambition to reach Net Zero GHG emissions by 2050, we’ll need to think differently about our own operational processes – including the energy sources we use and our delivery fleet – and we’ll need the support and buy-in of our supply chain,” Schneider said.
The company’s sustainable business practices date back to the company’s origins in 1929 when Doc and
Further business line expansions under CEOs
>> More information about Cintas’ history of sustainability is available at cintas.com
Cintas’ ambition to achieve Net Zero GHG emissions by 2050 builds on the company’s history of demonstrating environmental impact improvements year over year.
Between the fiscal years 2016 and 2020, Cintas improved its water efficiency rate by 16% while increasing its sales by almost 48% in that same time frame. In the last three years, the company has reduced its energy consumption by almost 13% as sales rose by 10%. Further, Cintas’ laundry process is the most efficient in the industry, while traditional at-home laundry processes consume 55% more water and 204% more energy than Cintas’ process.
Cintas’ organizational business review began in 2019 when the company implemented processes to help it start publicly reporting on its ESG priorities – including its environmental impacts – and now continues with due diligence and the analysis of historic data.
The results of Cintas’ ongoing business review will guide its ESG journey, and the company has established the structure and processes to take it into the future. In
CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
The Private Securities Litigation Reform Act of 1995 provides a safe harbor from civil litigation for forward-looking statements. Forward-looking statements may be identified by words such as “estimates,” “anticipates,” “predicts,” “projects,” “plans,” “expects,” “intends,” “target,” “forecast,” “believes,” “seeks,” “ambition,” “could,” “should,” “may” and “will” or the negative versions thereof and similar words, terms and expressions and by the context in which they are used. Such statements are based upon current expectations of Cintas and speak only as of the date made. You should not place undue reliance on any forward-looking statement. We cannot guarantee that any forward-looking statement will be realized. These statements are subject to various risks, uncertainties, potentially inaccurate assumptions and other factors that could cause actual results to differ from those set forth in or implied by this Press Release. Factors that might cause such a difference include, but are not limited to, our ability to successfully meet our Net Zero GHG goal within the expected timeframe, as well as our ability to further reduce our overall environmental impact through continued reductions in energy, water, raw materials, and waste throughout our business. Cintas undertakes no obligation to publicly release any revisions to any forward-looking statements or to otherwise update any forward-looking statements whether as a result of new information or to reflect events, circumstances or any other unanticipated developments arising after the date on which such statements are made. A further list and description of risks, uncertainties and other matters can be found in our Annual Report on Form 10-K for the year ended
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