Business services provider
) recently pledged its support to control unwarranted textile waste
by collaborating with a Cincinnati-based non-profit organization,
Know Hope. The strategic tie-up that aims to benefit
underprivileged residents of third-world countries is also part of
the Corporate Social Responsibility (CSR) initiatives of Cintas.
According to data by the U.S. Environmental Protection Agency
(EPA), about 21 billion pounds of post-consumer textile waste is
squandered annually in landfills. In order to curb such wastage,
Cintas has decided to donate leftover material from its uniform
production process to Know Hope. This will be utilized by the
non-profit organization to produce reusable burlap bags sold by the
charity. Funds generated from the sale of such bags will be used
for providing basic products and services to families in Mexico,
Africa, Haiti and Guatemala.
In 2013, Know Hope had produced approximately 4,300 bags and 2,500
smaller accessories to raise funds. A steady supply of textile from
Cintas will enable Know Hope to generate more funds for its first
Orphan Adoption Grant through Show Hope. Thus, the partnership is
viewed as a win-win deal for both Cintas and Know Hope.
Based in Cincinnati, OH, Cintas provides specialized services to
businesses of all types throughout North America. The company
designs, manufactures, implements corporate identity uniform
programs, and provides entrance mats, restroom supplies,
promotional products and first aid and safety products for
During the recession, Cintas had undertaken initiatives to enhance
its operations by evaluating sales force productivity, optimizing
routes and streamlining labor overhead. The company returned to
year-over-year rental organic revenue growth in mid-2010 and has
continued on the growth trajectory since then. This further enables
the company to maintain its commitment to both sustainability and
Cintas presently has a Zacks Rank #3 (Hold). Other companies in the
industry that warrant a look include
Green Dot Corporation
), each carrying a Zacks Rank #2 (Buy).
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