exo-is/governance-reporting-on-listed-companies huggingface dataset:
Keyword: bribe
Practices Act, UK Bribery Act and other
Plan. We reserve the right to terminate our similar anti-bribery legislation
Around
business relationship with any supplier that
200
does not take the corrective actions needed
to address any non‑compliances.
social compliance audits of
our suppliers were conducted
during FY ‘20
Learn more about our social responsibility efforts at CintasCares.com. 7Welcome Our Positive Impact in 2020 Energy and Emissions Water Safety and Health Sustainable Supply Chain Governance, Ethics and Integrity
WE’RE READY™ TO CONTINUE DOING
THE RIGHT THING EVERY DAY
Across our company, we are committed to corporate responsibility,
operating honestly and fairly, and doing what’s right.
The Cintas Code of Conduct
GOVERNANCE STRUCTURES VALUES, PRINCIPLE
Keyword: corruption
Anti-corruption risks related to corruption for risks related to corruption. to risks related to corruption. Anti-corruption training
b. Significant risks related to corruption identified for applicable employees is performed every year,
through the risk assessment. overseen by the Chief Compliance Officer. An audit is
performed every other fiscal year to ensure compliance
and identify any potential issues.
For a detailed explanation of the indicators, visit the GRI website: globalreporting.org. 9GRI Index
GRI STANDARD GRI DISCLOSURE PAGE NUMBER(S), URL(S) AND/OR INFORMATION
Material topics continued
ECONOMIC continued
GRI 205: 205-2 Communication and a. Total number and percentage of governance body Anti-corruption policies are communicated to 100% of
Anti-corruption training about anti- members that the organization’s anti-corruption policies governance body m
Keyword: corruption
continued corruption policies and procedures have been communicated to, broken receive training on the subject. They are not specifically
and procedures down by region. communicated to other board members. Global
b. Total number and percentage of employees that the Sanctions Compliance ensures that the appropriate
organization’s anti-corruption policies and procedures vendors are aware of Cintas’ policies. As necessary,
have been communicated to, broken down by employee suppliers are compliant with Cintas’ policies or provide
category and region. an example of their robust policy.
c. Total number and percentage of business partners
that the organization’s anti-corruption policies and
procedures have been communicated to, broken down
by type of business partner
Keyword: corruption
organization’s anti-corruption policies and procedures
have been communicated to any other persons
or organizations.
d. Total number and percentage of governance body
members that have received training on anti-corruption,
broken down by region.
e. Total number and percentage of employees that have
received training on anti-corruption, broken down by
employee category and region.
205-3 Confirmed incidents a. Total number and nature of confirmed incidents No incidents have occurred, to date.
of corruption and of corruption.
actions taken b. Total number of confirmed incidents in which
employees were dismissed or disciplined
for corruption.
c. Total number of confirmed incidents when contracts
with business partners were terminated or not renewed
due to violations related
Keyword: corruption
to corruption.
d. Public legal cases regarding corruption brought
against the organization or its employees during the
reporting period and the outcomes of such cases.
For a detailed explanation of the indicators, visit the GRI website: globalreporting.org. 10GRI Index
GRI STANDARD GRI DISCLOSURE PAGE NUMBER(S), URL(S) AND/OR INFORMATION
Material topics continued
ENVIRONMENTAL
GRI 301, 302: Energy 301-3 Reclaimed products and a. Percentage of reclaimed products and their packaging From the very start of our company’s origins, Cintas’
their packaging materials materials for each product category. business model has been based on sustainable
b. How the data for this disclosure have been collected. practices. Our journey started in 1929, during the
Great D
Keyword: corruption
Conduct, Anti-corruption, Confidentiality.
For a detailed explanation of the indicators, visit the GRI website: globalreporting.org. 31GRI Index
GRI STANDARD GRI DISCLOSURE PAGE NUMBER(S), URL(S) AND/OR INFORMATION
Material topics continued
SOCIAL continued
GRI 414: Supplier social assessment
GRI 103: Management 103-2 The management Aligns with GRI 414 Cintas Corporation and its subsidiaries seek to conduct
approach approach and its business in a lawful, ethical and moral manner in all
components countries in which we have the privilege to work. To
achieve this purpose, we expect our vendors to
subscribe to certain moral and ethical principles in
conducting business. While Cintas recognizes that there
are different legal and cultural environments throughout
the wo
Keyword: tax
201-4 Financial assistance a. Total monetary value of financial assistance received Per our FY ‘20 tax calculations, we expect to claim a
received from government by the organization from any government during the federal Work Opportunity Tax Credit on our federal tax
reporting period, including: return of approximately $400,000. This credit has been
i. tax relief and tax credits; as high as $1.3 million in prior years. We may receive
ii. subsidies; additional federal credits from Federal Enterprise
iii. investment grants, research and development grants, Zones and Indian Employment Credits of another
and other relevant types of grant; $100,000. None of these credits are considered material
iv. awards; from a federal income tax standpoint.
v. royalty holidays;
vi. financial assistance from Export Credit Agencies (ECAs);
vii. financial incen
Keyword: governance
CINTAS 2020 ESG REPORTWelcome Our Positive Impact in 2020 Energy and Emissions Water Safety and Health Sustainable Supply Chain Governance, Ethics and Integrity
WELCOME
This report is for the fiscal year
Our company is dedicated
June 1, 2019 to May 31, 2020.
to operating to the highest
to our 2020 Environmental, Social and Governance (ESG) ethical and safety standards,
creating a diverse and
Report, in which we share our ESG performance with
inclusive workplace,
investors, employee-partners, customers, communities,
providing sustainable
suppliers and other interested parties.
products and services, and
caring for our communities.
ESG AT CINTAS • Energy and Emissions (p.4) ABOUT CINTAS We’re committed to doing
From the very start of our company’s Reducing our overall energy use, Headquartered in Cincinnati, Ohio, Cintas
the right thing and we’re
origins, the Cintas business mo
Keyword: governance
lasting commitment to the environment • Governance, Ethics and Integrity (p.8) $7.09 billion
and our communities is evident from our Doing business in an honest, professional
processes and innovation, which ensure our and ethical way.
revenues
rental facilities are operating efficiently.
Our positive discontent drives us to do WHAT’S NEXT? 7.2%
what is best for our employee‑partners, In 2021, we aim to expand our ESG
shareholders, communities and the reporting — including more clearly
compound annual growth rate
environment. defining our governance around ESG‑
(CAGR) over the last decade for
related risks and opportunities; continuing
• Our Positive Impact in 2020 (p.3) to be a leader in industry for water usage; revenue and 19.2% for earnings
Working to help make the world per share
explo
Keyword: governance
Learn more about our social responsibility efforts at CintasCares.com. 2Welcome Our Positive Impact in 2020 Energy and Emissions Water Safety and Health Sustainable Supply Chain Governance, Ethics and Integrity
WE’RE READY™ TO MAKE
American Diabetes Association:
Cintas visits ADA-sponsored summer
THE WORLD A BETTER PLACE camps as a part of our ongoing
collaboration with the organization
We strive to make a positive impact for our own people, as well
as supporting good causes and lending neighbors a helping hand.
RESPONDING TO COVID-19 DIVERSITY AND INCLUSION COMMUNITY ENGAGEMENT
Using our Preparedness Plan, we Supporting diversity and equality at Cintas We’re proud to partner with leading
implemented controls including physical means fostering a respectful, creative, not‑for‑profit community organizations
barriers, social distancing, appropriate productive environment where every to make a positive impact.
Personal Protectiv
Keyword: governance
Learn more about our social responsibility efforts at CintasCares.com. 3Welcome Our Positive Impact in 2020 Energy and Emissions Water Safety and Health Sustainable Supply Chain Governance, Ethics and Integrity
WE’RE ENGAGED IN ADDRESSING THE
CHALLENGE OF CLIMATE CHANGE
We are committed to reducing energy use and GHG emissions,
and helping to address the global impact of climate change.
REDUCING ENERGY USE In FY ‘20, we also upgraded our lighting 10%
The energy Cintas consumes in our rental technology to LED at nine locations, where
operations includes electricity, primarily we are achieving up to a 50% reduction in
annual reduction in energy
for lighting and process equipment, and lighting load. We are working to accelerate
use by Cintas rental
fuel — natural gas and propane — for dryers, implementation of LED lighting upgrades
operations through energy-
boilers, steam tunnels and building heating. at an additional 30 of ou
Keyword: governance
Learn more about our social responsibility efforts at CintasCares.com. on WSI (Washing Systems LLC) studies 4Welcome Our Positive Impact in 2020 Energy and Emissions Water Safety and Health Sustainable Supply Chain Governance, Ethics and Integrity
WE’RE COMMITTED TO
USING WATER RESPONSIBLY
Water is essential for our operations, but we know we must be a steward
of this shared resource by minimizing use and maximizing reuse.
88.4%
USING LESS WATER, REUSING MORE We carefully monitor and control our Our facilities discharge washing process
In FY ‘20, our North American rental laundering process to minimize water effluent to publicly owned treatment works
operations withdrew 3.16 million usage intensity; in FY ‘20, the amount of in compliance with local discharge
of water withdrawals were returned to
kilogallons (11.9 million m3) of freshwater water required to process a pound of standards and permits, which require
the environment
— 390,600 kgal less than in FY ‘19
Keyword: governance
Learn more about our social responsibility efforts at CintasCares.com. on WSI (Washing Systems LLC) studies 5Welcome Our Positive Impact in 2020 Energy and Emissions Water Safety and Health Sustainable Supply Chain Governance, Ethics and Integrity
WE’RE INSPIRED TO CONTINUE
MEETING THE HIGHEST STANDARDS
Guided by our Safety Vision, we want every site to be injury-free, every employee-partner
to help improve safety and Cintas to be known as a global leader in safety and health.
MANAGING SAFETY AND HEALTH SAFETY AND HEALTH TRAINING Improvement course and each member HEALTH AND WELLNESS
To enforce internationally recognized Every year, our employee‑partners receive of our Senior Management team takes the Our long‑running Live Well program
standards, we have implemented an online, on‑the‑job and classroom training Management and Leadership Skills for supports employee‑partners on their
occupational health and safety management on 30 safety topics — and all maintena
Keyword: governance
Learn more about our social responsibility efforts at CintasCares.com. 6Welcome Our Positive Impact in 2020 Energy and Emissions Water Safety and Health Sustainable Supply Chain Governance, Ethics and Integrity
WE’RE DEDICATED TO MAINTAINING
AN ETHICAL SUPPLY CHAIN
We require our vendors and contractors to conduct business in
an ethical and moral manner, both domestically and internationally.
MANAGING HUMAN RIGHTS HUMAN RIGHTS TRAINING Using real‑life scenarios and referencing ASSESSING NEW SUPPLIERS
AND LABOR RIGHTS IMPACTS Cintas conducts training to ensure that current global regulations, the TRACE Our purchasing agreements require all
We have zero tolerance of all forms of employee‑partners and others with direct e‑learning course outlines the requirements suppliers and contractors to comply with
forced, trafficked, slave and child labor in responsibility for supply chain management of global trafficking‑related statutes
Keyword: governance
Learn more about our social responsibility efforts at CintasCares.com. 7Welcome Our Positive Impact in 2020 Energy and Emissions Water Safety and Health Sustainable Supply Chain Governance, Ethics and Integrity
WE’RE READY™ TO CONTINUE DOING
THE RIGHT THING EVERY DAY
Across our company, we are committed to corporate responsibility,
operating honestly and fairly, and doing what’s right.
The Cintas Code of Conduct
GOVERNANCE STRUCTURES VALUES, PRINCIPLES AND STANDARDS is an important part of our
The Cintas Board of Directors is the highest Our Corporate Culture spans our beliefs, values and reflects our
governing body in our organization. ethics and values, including honesty and company’s commitment to
Our Board is made up of eight members integrity, hard work, trust and respect, as ethical business practices
(six male and two female) and all senior well as defining a common language and and regulatory compliance
leaders repor
Keyword: governance
Nominating and Corporate Governance
behaviors, our CEO maintains ultimate
Committee, Audit Committee and
responsibility for them.
Compensation Committee — to address R EPORTING CONCERNS representative or the Compliance
key issues in greater detail. We are committed to complying with all Department, or call the Cintas Direct Line, a
applicable laws and regulations, and to dedicated, 24/7 toll‑free phone line operated
Our Corporate Culture spans our reporting situations or issues that are in by an independent third party.
violation of the law, company policy or our
beliefs, ethics and values, including
core principles. Employee‑partners have
honesty and integrity, hard work,
access to several mechanisms to report
trust and respect.
questions or concerns: they can speak with
th
Keyword: governance
and governance (ESG) topics, for the first time we are reporting publicly against a set of
consolidated indicators. This GRI Index accompanies our 2020 ESG Report and references
the Global Reporting Initiative (GRI) Standards as annotated throughout the document.
All standards are the 2016 versions, except where noted in the GRI standard column.
We report our progress in order to drive further improvements, recognizing there is more to do to make our operations more efficient, use
our planet’s natural resources more sustainably and drive our world-class safety program. In the coming year, we will expand our
ESG reporting and we will be defining our governance around the management of ESG issues.
The data in this report relates to the period from June 1,
Keyword: governance
Governance 102-18 Governance structure a. Governance structure of the organization, including Proxy Statement, pp. 6–8
committees of the highest governance body.
b. Committees responsible for decision-making on
economic, environmental, and social topics.
102-2 Activities, brands, a. A description of the organization’s activities. Form 10-K, pp. 3–4
products, and services b. Primary brands, products, and services, including Website
an explanation of any products or services that
are banned in certain markets.
102-20 Executive-level a. Whether the organization has appointed an Economic responsibility is held by the Chief Financial
responsibility for executive-level position or positions with responsibility Officer. Environmental responsibility is held by the
economic, environmental, for econom
Keyword: governance
governance body. Administrative Officer. All of these roles and all other
senior leaders report directly to the Chief Executive
Officer, who is also Chairman of the Board. Governance
is foundational to achieving long-term value, by
aligning and driving both financial and societal
performance, as well as by ensuring accountability and
building legitimacy with stakeholders. Achieving this
alignment requires governance to oversee the setting
of a company’s environmental, social, and economic
aspirations, to ensure that risks and opportunities
associated with these dimensions are respectively
navigated and embraced over time, and to ensure that
the interests of stakeholders, including shareholders,
are protected. The individuals and structures governing
Keyword: governance
on economic, and the highest governance body on economic, Cintas customer service line (800) 246-8271
environmental, environmental, and social topics. Cintas direct line for employee-partners (800) 292-9480
and social topics b. If consultation is delegated, describe to whom it is Code of Conduct and Business Ethics, p. 1
delegated and how the resulting feedback is provided
to the highest governance body.
For a detailed explanation of the indicators, visit the GRI website: globalreporting.org. 3GRI Index
GRI STANDARD GRI DISCLOSURE PAGE NUMBER(S), URL(S) AND/OR INFORMATION
General Disclosures continued
Governance 102-22 Composition of the a. Composition of the highest governance body and its Management and Directors
continued highest governance body committees by: Proxy Statement
Keyword: governance
iii. tenure on the governance body;
iv. number of each individual’s other significant positions
and commitments, and the nature of the commitments;
v. gender;
vi. membership of under-represented social groups;
vii. competencies relating to economic, environmental,
and social topics;
viii. stakeholder representation.
102-23 Chair of the highest a. Whether the chair of the highest governance body is Cintas’ CEO is also Chairman of the Board. Scott Farmer
governance body also an executive officer in the organization. is a fourth generation CEO who has been with the
b. If the chair is also an executive officer, describe his or company for 38 years, has served as CEO since 2003,
her function within the organization’s management and and as Chairman since 2016.
the reasons fo
Keyword: governance
the highest governance governance body and its committees.
body b. Criteria used for nominating and selecting highest
governance body members, including whether and how:
i. stakeholders (including shareholders) are involved;
ii. diversity is considered;
iii. independence is considered;
iv. expertise and experience relating to economic,
environmental, and social topics are considered.
102-25 Conflicts of interest The reporting organization shall report the following Proxy Statement, p. 34
information:
a. Processes for the highest governance body to ensure
conflicts of interest are avoided and managed.
b. Whether conflicts of interest are disclosed to
stakeholders, including, as a minimum:
i. Cross-board membership;
ii. Cross-shareholding with suppliers and other
stakeholder
Keyword: governance
Governance 102-26 Role of highest a. Highest governance body’s and senior executives’ Proxy Statement, p. 6
continued governance body in roles in the development, approval, and updating of the Website
setting purpose, values, organization’s purpose, value or mission statements, Cintas’ highest governing body upholds the
and strategy strategies, policies, and goals related to economic, Code of Conduct
environmental, and social topics.
102-3 Location of headquarters a. Location of the organization’s headquarters. 6800 Cintas Boulevard
P.O. Box 625737
Cincinnati, OH 45262-5737
102-31 Review of economic, a. Frequency of the highest governance body’s review Proxy Statement, p. 1
environmental, and of economic, environmental, and social topics and Cintas Audit Committee Charter
social topics their im
Keyword: governance
102-35 Remuneration policies a. Remuneration policies for the highest governance Proxy Statement, pp. 11–30
body and senior executives for the following types
of remuneration:
i. Fixed pay and variable pay, including performance-
based pay, equity-based pay, bonuses, and deferred
or vested shares;
ii. Sign-on bonuses or recruitment incentive payments;
iii. Termination payments;
iv. Clawbacks;
v. Retirement benefits, including the difference
between benefit schemes and contribution rates for the
highest governance body, senior executives, and all
other employees.
b. How performance criteria in the remuneration policies
relate to the highest governance body’s and senior
executives’ objectives for economic, environmental,
and social topics.
For a detailed explanation of the indicators, visit the GRI website: globalreporti
Keyword: governance
Governance 102-36 Process for determining a. Process for determining remuneration. Proxy Statement, pp. 11–13
continued remuneration b. Whether remuneration consultants are involved in
determining remuneration and whether they are
independent of management.
c. Any other relationships that the remuneration
consultants have with the organization.
102-38 Annual total a. Ratio of the annual total compensation for the Proxy Statement, p. 28
compensation ratio organization’s highest-paid individual in each country
of significant operations to the median annual total
compensation for all employees (excluding the
highest-paid individual) in the same country.
102-39 Percentage increase a. Ratio of the percentage increase in annual total Proxy Statement, p. 28
Keyword: governance
GRI 205: 205-2 Communication and a. Total number and percentage of governance body Anti-corruption policies are communicated to 100% of
Anti-corruption training about anti- members that the organization’s anti-corruption policies governance body members and employees, all of whom
continued corruption policies and procedures have been communicated to, broken receive training on the subject. They are not specifically
and procedures down by region. communicated to other board members. Global
b. Total number and percentage of employees that the Sanctions Compliance ensures that the appropriate
organization’s anti-corruption policies and procedures vendors are aware of Cintas’ policies. As necessary,
have been communicated to, broken down by employee suppliers are compliant with Cintas’ policies or provide
category and r
Keyword: governance
d. Total number and percentage of governance body
members that have received training on anti-corruption,
broken down by region.
e. Total number and percentage of employees that have
received training on anti-corruption, broken down by
employee category and region.
205-3 Confirmed incidents a. Total number and nature of confirmed incidents No incidents have occurred, to date.
of corruption and of corruption.
actions taken b. Total number of confirmed incidents in which
employees were dismissed or disciplined
for corruption.
c. Total number of confirmed incidents when contracts
with business partners were terminated or not renewed
due to violations related to corruption.
d. Public legal cases regarding corruption brought
against the organization or its employees during the
reporting p
Keyword: bribe
Minimum Standards (BMS), Immediate that have the potential to elicit bribery
COVID-19’s impact on travel restrictions They are reviewed using a qualification
Action (IA), and Corrective Action or corruption activities are identified
and health and safety necessitated some survey to determine if they may supply
(CA). The report outlines the corrective for additional anti-corruption training.
temporary adjustments to some elements us components, products, or goods
measures required for any finding, with This annual training is overseen by our
the potential for a follow-up audit to
of our audit process.
CCO and separate from other GSC
manufactured using conflict minerals.
Those identified are enrolled in our
document compliance. Once corrective As a result, we also conducted fewer training modules.
Conflict Mineral Tr
Keyword: bribe
ANTI-BRIBERY AND CORRUPTION partners directly involved in our business
(CEO, 2003-2021) activities who have the potential to
complete three different annual training Under the direction of our senior
elicit bribery or corruption activities.
courses focusing on ethics and integrity: management’s annual Enterprise Risk
We are committed to interacting with Code of Conduct and Business Ethics, Assessment, our Risk & Compliance Those employee-partners are required
our customers, employee-partners, Workplace Harassment Prevention, Department conducts annual reviews of to undergo additional anti-corruption
competitors, coworkers, shareholders, and Workplace Violence Prevention. our business operation for corruption training, and we perform audits on
vendors,
Keyword: bribe
205-01 Operations assessed for risks related to corruption Governance > Ethics and Integrity > Anti-Bribery and Corruption
205-02 Communication and training about anti-corruption policies Governance > Ethics and Integrity > Anti-Bribery and Corruption
and procedures
Anti-competitive Behavior
206-01 Legal actions for anti-competitive behavior, anti-trust, and Governance > Ethics and Integrity
monopoly practices
Tax
207-01 Approach to tax Governance > Tax
207-02 Tax governance, control, and risk management Governance > Tax
207-03 Stakeholder engagement and management concerns related to tax Governance > Tax
About Cintas > Stakeholder Engagement
Materials
301-03 Reclaimed products and their packaging materials Environment > Waste and Materials Use > SPOTLIGHT: Materials Innovation
Energy
302-01 Energy consumption within the organization Environment
Keyword: corruption
anti-corruption requirements. the potential new supplier or facility and
Honduras, India, Kenya, Malaysia,
triggers a social compliance exam.
Mexico, Nicaragua, Pakistan, Philippines,
Portugal, and Vietnam.
49 CINTAS 2021 ESG REPORTABOUT CINTAS ENVIRONMENT SOCIAL GOVERNANCE APPENDIX
Before the assessment process Once a supplier is certified as a Global the risk of child labor, human trafficking, including Global Supply Chain Suppliers,
begins, some situations – including Supply Chain Supplier, they are subject and modern slavery, as well as issues can raise concerns during the annual on-
geographic location or types of goods to annual compliance audits – similar concerning conflict minerals. site compliance audit, or through their
being manufactured – may
Keyword: corruption
Through Cintas’ anti-corruption training
of Conduct through a CAP. certification for suppliers holding current
program, GSC employee-partners who
Global Supply Chain Suppliers to
third-party certifications or with the Cintas identify suppliers that may use conflict
These findings are categorized as Below are directly involved in business activities
Desktop Remote audit process. However, minerals in their production processes.
Minimum Standards (BMS), Immediate that have the potential to elicit bribery
COVID-19’s impact on travel restrictions They are reviewed using a qualification
Action (IA), and Corrective Action or corruption activities are identified
and health and safety necessitated some survey to determine if they may supply
(CA). The report outlines the correctiv
Keyword: corruption
e for additional anti-corruption training.
temporary adjustments to some elements us components, products, or goods
measures required for any finding, with This annual training is overseen by our
the potential for a follow-up audit to
of our audit process.
CCO and separate from other GSC
manufactured using conflict minerals.
Those identified are enrolled in our
document compliance. Once corrective As a result, we also conducted fewer training modules.
Conflict Mineral Training seminar so
actions are supported with proper audits of low- to medium-risk Global
Reporting Concerns they understand our Conflict Minerals
documentation, the supplier or facility is Supply Chain Suppliers, and waived audit
We provide several means for both Policy, and must also report their conflict
Keyword: corruption
our insistence on honesty Business Ethics on their first official day • Anti-Corruption Training – Employee- chain are aware of our policies and
partners who could potentially interact expectations, which are spelled out
of employment with us. They also receive
and integrity from every
a booklet containing the Code at their
with a foreign official or representative in our Vendor Code of Conduct. Our
• PCI Training – Employee-partners who vendors’ compliance is monitored
partner in the company.” orientation session and must sign an
acknowledgment that they have received
could have access to credit card data through annual third-party audits.
S cott Farmer,
and understand the training. Every year, we identify employee-
E xecutive Chairman
Additionally, employee-partners must
ANTI-BRIBERY AND CORRUPTION partners directly involve
Keyword: corruption
elicit bribery or corruption activities.
courses focusing on ethics and integrity: management’s annual Enterprise Risk
We are committed to interacting with Code of Conduct and Business Ethics, Assessment, our Risk & Compliance Those employee-partners are required
our customers, employee-partners, Workplace Harassment Prevention, Department conducts annual reviews of to undergo additional anti-corruption
competitors, coworkers, shareholders, and Workplace Violence Prevention. our business operation for corruption training, and we perform audits on
vendors, government and regulatory These are either completed through an risks. We have not identified any instances a regular basis to support ongoing
agencies, and the communities in online training-on-demand platform of co
Keyword: corruption
culture of compliance, and promote Further, management-track employee- known for corruption; using customs We believe in adhering to all laws
our stakeholders’ understanding of our partners also receive a copy of The Spirit brokers or carriers to import products and regulations, including those that
principles and values related to ethics Is The Difference. Written by our Founder from international suppliers; and potential promote free and fair competition in
and integrity. Richard “Dick” Farmer, the book further vendor or third-party relationships. the marketplace.
We provide confidential, retaliation- articulates our corporate culture and how Additionally, our expansive Business Our Code of Conduct and Business
free outlets for internal and external it functions within our Code of Conduct Ethics Corporate Position covers many E
Keyword: corruption
thics and our Anti-Corruption
stakeholders to report concerns or and Business Ethics. topics and concerns and outlines our Corporate Policy require all employee-
apparent issues. Additional position- or responsibility- expectations of our employee-partners partners to comply with all laws and
We believe we conduct our business the specific training is required annually for in those situations. This policy is regulations related to competition and
right way, perpetuating the highest levels various employee-partners, including: communicated to our governance body antitrust, including those that prohibit
and employee-partners, who receive collusion to manipulate a market. Topics
of ethics and integrity.
• AB1825 Training – Employee-partners
training on its contents. in th
Keyword: corruption
POLITICAL ACTION Guided by our Anti-Corruption The non-partisan group reviews potential Donations are not made to
Cintas regularly and proactively engages
Corporate Policy, we have established political contributions with six criteria: presidential candidates.
a formal process that dictates how
with a cross-section of policymakers at • Strategies important to Cintas During the 2020 election cycle, the
we may engage with policymakers
the federal and state levels, as well as • Cintas employment presence in their PAC made donations to 12 political
and any related organizations. In
regulatory bodies, about four issues district/state entities totaling $58,000. In this figure,
cooperation with approved third-party
central to our business: infrastructure, • A reasonably high level of approval
Keyword: corruption
Our Anti-Corruption Corporate Policy
are targeted at communicating Cintas’
outlines the manner in which we may
positions on existing and potential
engage with political candidates and
legislation and regulations; providing
representatives. As a company, Cintas
perspective on regulatory measures
Corporation does not contribute to
that affect our business; and providing
political candidates.
testimony under oath when necessary
to relay our experiences, positions, and The PAC supports political contributions
perspectives about topics important on behalf of our employee-partners and
to our business. We conduct this work is funded entirely by voluntary personal
through a variety of means, including donations from our employee-partners.
face-to-face meetings, memos
Keyword: corruption
Anti-Corruption
205-01 Operations assessed for risks related to corruption Governance > Ethics and Integrity > Anti-Bribery and Corruption
205-02 Communication and training about anti-corruption policies Governance > Ethics and Integrity > Anti-Bribery and Corruption
and procedures
Anti-competitive Behavior
206-01 Legal actions for anti-competitive behavior, anti-trust, and Governance > Ethics and Integrity
monopoly practices
Tax
207-01 Approach to tax Governance > Tax
207-02 Tax governance, control, and risk management Governance > Tax
207-03 Stakeholder engagement and management concerns related to tax Governance > Tax
About Cintas > Stakeholder Engagement
Materials
301-03 Reclaimed products and their packaging materials Environment > Waste and Material
Keyword: tax
61 Tax Policy 64 Regulatory Compliance
62 Public Policy
65 APPENDIX
66 Definitions 71 GRI Index
67 Notes and Methodologies 78 SASB Index
68 Referenced Calculations
3 CINTAS 2021 ESG REPORTABOUT CINTAS ENVIRONMENT SOCIAL GOVERNANCE APPENDIX
OUR ESG-FOCUSED PRODUCT & SERVICE INITIATIVES
Our products and services are created with sustainability and a “Reduce, Reuse, Recycle” mentality. This approach is embedded throughout our business units:
UNIFORM RENTAL FACILITY SERVICES
• Significant water and energy efficiencies compared to traditional • Offer Green Seal-certified products
at-home laundry process • Provide “Designed for Environment” (DfE) chemicals
• Proprietary processes reduce wash chemical, water, and energy requirements • Package-free produ
Keyword: tax
• Periodic audits • Performance reviews and in-person) • Taxes
• Transparency and disclosure • Membership and participation • Climate and energy
• Materials and packaging in trade associations and policy- • Diversity and inclusion
• Innovation and idea sharing based organizations • Sustainability
• Environmental impacts • Meetings with federal- and • Trademarks
• Human rights and labor practices state-elected officials and other • Safety and health
• Supplier diversity policy influencers • Community engagement
• Supplier mentorship • Cintas Partners’ PAC
and development • Facility tours and virtual tours
15 CINTAS 2021 ESG REPORTABOUT CINTAS ENVIRONMENT SOCIAL GOVERNANCE APPENDIX
OUR CONTINUED COVID-19 RESPONSE
As the COVID-19 pandemic continued SUPPORTING OUR CUSTOMERS
throughout FY21, we expanded ou
Keyword: tax
61 Tax Policy
62 Public Policy
63 Cybersecurity, Data, and Customer Privacy
64 Regulatory Compliance
57 CINTAS 2021 ESG REPORTABOUT CINTAS ENVIRONMENT SOCIAL GOVERNANCE APPENDIX
ESG GOVERNANCE
GOVERNANCE APPROACH while maintaining accountability for More information about our Board,
We believe establishing strong and
our actions and decisions. including independent board leadership
FY22 BOARD OF DIRECTORS
responsibilities and its good governance
ethical governance is foundational to As we consider our business decisions,
positions, is available in our Corporate
achieving our Principal Objective: to we leverage internal processes that More information about our Board
Governance Guidelines. Additional
exceed our customers’ expectations to include d
Keyword: tax
TAX POLICY
We are a transparent taxpayer. We are Our tax disclosures that appear in
open about the taxes we pay and our our audited financial statements are
projected effective tax rate guidance prepared in accordance with GAAP
on our financial reports and during ASC 740 and SEC reporting standards
our quarterly earnings calls, which are in all material respects. Ernst & Young,
available to the public. our independent auditing firm, examines
our tax-related disclosures as part of its
We review our tax strategy under a
low-risk methodology, and believe we
review of our SEC filings.
have a responsibility to pay our fair Cintas engages with federal and statutory
share of taxes. We are committed to tax authorities as audits arise, and we
complying
Keyword: tax
with all applicable tax laws work to maintain a transparent approach
and requirements in each jurisdiction in to all audits. If a difference in approach
which we conduct business. transpires during an audit, Cintas works
with the jurisdiction to determine a
To help ensure we identify, withhold,
report, and pay the correct tax
reasonable settlement position.
requirements and avoid potential Our tax implications and financial
compliance issues, the company benefits available from government
maintains a tax strategy created by the entities are regularly evaluated as part of
Vice President of Tax, overseen and normal business operations and decision-
approved by the Chief Financial Officer, making. In the last three fully reported
and presented to the Audit Committee
Keyword: tax
fiscal years, we received $6.7 million in tax
of the Board of Directors. Ongoing relief from the U.S. government through
risk assessments are conducted to multiple incentive programs, including
help identify and rectify any potential various employment credits. Further,
compliance issues. Pertinent changes in the last three fiscal years, we have
in regulatory policy or guidance received $20 million in tax deductions
are communicated to executive resulting from charitable donations,
management so they understand the including a total of $8 million in FY21.
business implications. We regularly utilize
We actively engage a third-party
third-party advisors to review our current
representative to assist our advocacy and
tax strategy and provide guidance.
education efforts on benefits of tax
Keyword: tax
most notably the 2017 Tax Cuts and Jobs
Act and current tax policy priorities.
61 CINTAS 2021 ESG REPORTABOUT CINTAS ENVIRONMENT SOCIAL GOVERNANCE APPENDIX
PUBLIC POLICY
POLITICAL ACTION Guided by our Anti-Corruption The non-partisan group reviews potential Donations are not made to
Cintas regularly and proactively engages
Corporate Policy, we have established political contributions with six criteria: presidential candidates.
a formal process that dictates how
with a cross-section of policymakers at • Strategies important to Cintas During the 2020 election cycle, the
we may engage with policymakers
the federal and state levels, as well as • Cintas employment presence in their PAC made donations to 12 political
and any related organizations. In
regulatory bodies, a
Keyword: tax
labor, taxes, and trade. their district/state represented – including $46,000 to
of Corporate Affairs is responsible
• Supported legislation or voted in a candidates or election organizations
We also collaborate with corporate, for developing and maintaining the
manner that is favorable to Cintas’ representing Republicans and $12,000
industry, and trade organizations to pertinent relationships and procedures
determine positions on these issues to to confirm adherence to the company’s
continued economic growth to candidates or election organizations
• Maintained integrity and professional representing Democrats. This included
support continued growth. Given the advocacy process and coordinates all
size of some of these organizations and communications b
Keyword: tax
201-04 Financial assistance received from government Governance > Tax
Market Presence
202-01 Ratios of standard entry level wage by gender compared to local By the start of our FY22, we expect the entry-level minimum wage paid to U.S.-based
minimum wage hourly employee-partners will be a minimum of $15.70 per hour. That figure can be
adjusted upward as necessary based on work experience, the geographic location of the
employee-partner’s work facility, and/or other overriding local or state minimum wage
requirements. This figure is higher than the current U.S. federal minimum wage for non-
tipped employees ($7.25 per hour), which went into effect in 2009.
73 CINTAS 2021 ESG REPORTABOUT CINTAS ENVIRONMENT SOCIAL GOVERNANCE APPENDIX
DISCLOSURE DESCRIPTION PAGE NUMBER(S), URL(S) AND/OR INFORMATION
Indirect Econo
Keyword: tax
Tax
207-01 Approach to tax Governance > Tax
207-02 Tax governance, control, and risk management Governance > Tax
207-03 Stakeholder engagement and management concerns related to tax Governance > Tax
About Cintas > Stakeholder Engagement
Materials
301-03 Reclaimed products and their packaging materials Environment > Waste and Materials Use > SPOTLIGHT: Materials Innovation
Energy
302-01 Energy consumption within the organization Environment > Climate and Energy > Reducing Energy Use
302-03 Energy intensity Environment > Climate and Energy > Reducing Energy Use
302-04 Reduction of energy consumption Environment > Climate and Energy > Reducing Energy Use
302-05 Reductions in energy requirements of products and services There were no significant c
Keyword: governance
PREPARE FOR THE FUTUREABOUT CINTAS ENVIRONMENT SOCIAL GOVERNANCE APPENDIX
2021 HIGHLIGHTS
ENVIRONMENTAL HIGHLIGHTS SOCIAL HIGHLIGHTS AWARDS AND RECOGNITION
Lowered Spent $387.7 million with Ranked No. 410 on the
our water diverse suppliers, representing 2021 Fortune 500, our highest-
consumption 16.9% of our total supplier ever ranking
by 5.1% spend – both company records
Reduced our from FY20
Ranked No. 6
total energy on Selling Power’s
Donated $3.8 million
usage by worth of PPE and other Recognized as “50 Best
6.9% from safety products to local one of Forbes’ Companies
FY20 Lowered our communities to support “Best Employers to Sell
employee-partners’ COVID-19 programs for Diversity” For” list
Diverted 94.4% of Total Recordable
our waste from landfill Injury Rate (TRIR) to Named a “Best Place to Work
t
Keyword: governance
and Governance (ESG) Report contains forward- statements are subject to various risks, uncertainties, for recycled materials; the capital and operating cost we currently believe to be immaterial may also harm
looking statements. The Private Securities Litigation potentially inaccurate assumptions, and other factors of implementing recycling and waste management our business. Investors should not interpret the
Reform Act of 1995 provides a safe harbor from civil that could cause actual results to differ from those technologies; and the risks, uncertainties, and other disclosure of any risk factor to imply that the risk has
litigation for forward-looking statements. Forward- set forth in or implied by this ESG Report. Factors matters included in our Annual
Keyword: governance
2 CINTAS 2021 ESG REPORTABOUT CINTAS ENVIRONMENT SOCIAL GOVERNANCE APPENDIX
WELCOME
TABLE OF CONTENTS
Welcome to our 2021 Environmental, Social, and Governance (ESG) Report, the latest annual report
2 ABOUT CINTAS in which we share our ESG journey, including our performance, successes, and opportunities, with
2 2021 Highlights 10 About This Report our shareholders, customers, employee-partners, communities in which we do business, and other
2 Forward-Looking Statements 11 This Is Cintas interested parties.
3 Welcome 12 The Spirit Is The Difference
4 Our ESG-Focused Product & 14 Stakeholder Engagement As we committed to doing in 2020, we have As we progress on our ESG journey, we expect
Service Initiatives 16 Our Continued expanded our reporting this year to include to continue expanding our reporting, ins
Keyword: governance
32 Our People 43 Labor Relations • Governance, Ethics, and Integrity Foundations
33 D iversity, Equity, and Inclusion 45 Human Rights
35 Talent Recruitment 46 Safety and Health
36 Talent Retention 49 G lobal Supply Chain and
37 Compensation Supplier Relations
38 P erformance and Advancement 51 Supplier Diversity
39 Training and Development 52 Local Communities
41 E mployee-Partner Engagement
57 GOVERNANCE
58 ESG Governance 63 C ybersecurity, Data, and
60 Ethics and Integrity Customer Privacy
61 Tax Policy 64 Regulatory Compliance
62 Public Policy
65 APPENDIX
66 Definitions 71 GRI Index
67 Notes and Methodologies 78 SASB Index
68 Referenced Calculations
3 CINTAS 2021 ESG REPORTABOUT CINTAS ENVIRONMENT SOCIAL GOVERNANCE APPENDIX
OUR ESG-FOCUSED PRODUCT & SERVICE INITIATIVES
Our products
Keyword: governance
4 CINTAS 2021 ESG REPORTABOUT CINTAS ENVIRONMENT SOCIAL GOVERNANCE APPENDIX
ESG IS CENTRAL TO CINTAS
The concept of corporate social brought them home to wash, and sold of the garments, wash and dry them end-of-life products and reducing the
responsibility has evolved in recent the clean rags back to companies in more responsibly and sustainably than overall use of natural resources. They
decades. Where the concept once the Cincinnati area. Unknowingly, they employees could at home, and preserve also introduced products and services
explained a company’s commitment created a local circular economy and the natural resources in the process. His that help our customers keep their own
to philanthropy and responsible social resourceful spirit that Cintas is known for vision launched the company on its faciliti
Keyword: governance
environmental, social, and governance –
burgeoning work uniform rental Further expansions into facility services,
or ESG – strategy is a relatively recent
operation in 1959. This implemented the first aid and safety, and fire protection
and evolving concept.
same business model, and provided an under subsequent CEOs – Bob Kohlhepp
At Cintas, we view our entrance into formal easy, affordable, and sustainable option (1996-2003) and Dick’s son, Scott Farmer
ESG reporting and the development of for companies to outfit their employees. (2003-2021) – deepened the company’s
our company-wide ESG strategy as the By renting businesses their uniforms, model further. Cintas’ new offerings
Scott Farmer (CEO 2003-2021), Dick Farmer (CEO
latest steps in our progression. he realized we could
Keyword: governance
5 CINTAS 2021 ESG REPORTABOUT CINTAS ENVIRONMENT SOCIAL GOVERNANCE APPENDIX
WHO WE ARE AND WHAT WE DO We expect ethical interactions with all
stakeholders (see pg. 14). We also insist
Dick Farmer – who we credit as the
on being a good corporate citizen and
Founder of the modern-day Cintas –
steward by governing ourselves with the
documented and formalized our
core principles of accountability, fairness,
corporate culture in his book The
Spirit Is The Difference (see pg. 12). His
ethical behavior, and compliance.
philosophy still carries forward today and In short, we believe we conduct our
underpins our business. business the right way.
The Spirit Is The Difference is a handbook
describing how we run our business. Its TODAY’S CINTAS
central themes are collaboration and
Doc and Amelia’s ingenuity and
commo
Keyword: governance
6 CINTAS 2021 ESG REPORTABOUT CINTAS ENVIRONMENT SOCIAL GOVERNANCE APPENDIX
WHAT’S NEXT? In August, we created our new Vice developing ESG landscape. We expect Our company has been based in ESG-
President of ESG and Chief Compliance to identify further opportunities to related principles since the beginning.
The concepts of operating a sustainable
Officer (CCO) position and finished a reduce our environmental impact, Each new chief executive introduced
business and making environmentally
multiple-department reorganization and to make even greater operational initiatives that strengthened our
conscious decisions are not new to
to form a new Risk & Compliance reductions in energy, emissions, water, commitments to the environment, our
us. We have continually improved
our environmental management, our
Departm
Keyword: governance
activities, monitoring, and compliance. health, and our governance objectives,
for our future on the following pages.
this holistic measure of business has As our enterprise-wide assessment
among other areas.
evolved, we’ve been watching, listening, continues, we will continue to review
and learning. our processes in the context of the
Now we’re joining the conversation in
a more meaningful way: we’re defining,
measuring, and creating formal
strategies centered on ESG principles.
What we’ve accomplished so far is
only the beginning. We’ve already
been successful, but we’re still at the
start of our journey – one that will be
further rooted in ESG platforms and
concepts. One of our core company
values (see pg. 13) is positive discontent.
It pushes us to do more, be better,
and have a greater positive impac