Cintas Launches First Electric Vehicle in Pilot Program
Cintas Corporation (NASDAQ:CTAS) initiated its electric vehicle pilot program in 2022 with the deployment of its first EV in the Los Angeles area.
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Rhea-AI Summary
Cintas Corporation (NASDAQ:CTAS) initiated its electric vehicle pilot program in 2022 with the deployment of its first EV in the Los Angeles area. This initiative is part of Cintas' broader commitment to sustainability, integrating a "Reduce, Reuse, Recycle" strategy that has been in place since its founding nearly 100 years ago. The upcoming 2022 ESG Report, to be published in January, will highlight the company’s ongoing efforts in sustainable business practices that contribute to its growth strategy.
Positive
- Launch of electric vehicle pilot program in Los Angeles, indicating commitment to sustainability.
- Established sustainable practices since inception almost 100 years ago, enhancing brand reputation.
Negative
- None.
Details
News Market Reaction – CTAS
The recorded move for CTAS in the trading session of this news was -0.40%.
Data tracked by StockTitan Argus. Session date unavailable.
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NORTHAMPTON, MA / ACCESSWIRE / December 19, 2022 / Cintas Corporation (NASDAQ:CTAS) recently launched its electric vehicle pilot program in early 2022 when the first vehicle was deployed in the Los Angeles area.
Learn what the location did to prepare for its first EV, and how it's been going running routes in the LA area.
>>Watch Now (YouTube): https://cint.as/3uFnijE
ESG at Cintas
Cintas' sustainable business model has underpinned the company's growth strategy and imparted a holistic "Reduce, Reuse, Recycle" mentality throughout the company's operations.
This approach dates back to the company's origins almost 100 years ago during the Great Depression. Out-of-work circus performers Doc and Amelia Farmer went around to Cincinnati-area businesses and collected their dirty, discarded shop rags from their trash bins, and brought the dirty rags home to launder them. When the rags were clean, Doc and Amelia then sold them back to area businesses, thereby extending their useful lives and reducing companies' ongoing need to replace their discarded rags with brand-new rags.
Since then, the company has grown and expanded business operations to include uniform and apparel rental programs, facility services, first aid and safety products and services, and fire protection services.
Cintas' cultural focus on its Principal Objective, Corporate Character and Management Systems - defined by Founder Dick Farmer in his book, "Spirit is the Difference" - has resulted in ESG-centric business practices embedded holistically into Cintas' operations from its start.
Cintas' 2022 ESG Report will be published in January. To learn more about Cintas' ESG program, including its most recent reporting, visiting 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 additional multimedia and more ESG storytelling from Cintas on 3blmedia.com.
Contact Info:
Spokesperson: Cintas
Website: https://www.cintas.com
Email: info@3blmedia.com
SOURCE: Cintas
View source version on accesswire.com:
https://www.accesswire.com/732452/Cintas-Launches-First-Electric-Vehicle-in-Pilot-Program
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