Herc Rentals Publishes 2024 Corporate Citizenship Report
Herc Holdings Inc. (NYSE:HRI), one of North America's leading equipment rental suppliers operating through Herc Rentals Inc. ("Herc Rentals" or "the Company"), today released its 2024 Corporate Citizenship Report, highlighting the Company's progress on its sustainability initiatives. Herc Rentals' seventh annual report highlights the Company's commitment to progressing its environmental, social and governance priorities, while also building long-term value for its stakeholders.
"Our commitment to integrating sustainable and socially responsible practices across our operations and our supplier and customer relationships is evident throughout our business," said Herc Rentals President and Chief Executive Officer Larry Silber. "I am pleased to report our progress in executing our various sustainability goals and initiatives that go hand in hand with our purpose of equipping our customers and communities to build a brighter future."
Key accomplishments, aligned to relevant Sustainable Development Goals (SDGs), that are detailed in Herc Rentals' 2024 Corporate Citizenship Report include:
- Reduced Scope 1 and 2 greenhouse gas (GHS) emissions intensity and non-toxic waste to landfill intensity by 26% and 24.6%, respectively, from 2019 baseline. Having exceeded or nearly met a 25% reduction target for each by 2030, the Company is evaluating new goals to motivate ongoing progress.
- A 2023 Total Recordable Incident Rate (TRIR) of 0.80, which remains better than the industry's benchmark of 1.0 and represents the Company's progress towards its 2030 target of 0.49 or less.
- An improved employee Net Promoter Score (eNPS) for the fifth consecutive year with a 2023 eNPS of 44, a 10-point improvement from 2022.
- The launch of a new Volunteer Time Off benefit, providing eligible employees with eight hours of paid time to serve in their communities.
- Adoption of a new Supplier Engagement Survey to ensure the Company's supply chain meets high standards of environmental and social responsibility.
- Third-time recognition as one of Newsweek's Most Responsible Companies; once again earning the EcoVadis Silver Award for quality in sustainability management; inclusion on USA Today's list of America's Climate Leaders for the second year in a row; designation as a Military Friendly® Employer for the nineth consecutive year and receiving Gold status in 2023; and becoming the first North American equipment rental company to achieve Great Place To Work® certification.
To view Herc Rentals' 2024 Corporate Citizenship Report and learn more the Company's sustainability strategy, visit https://ir.hercrentals.com/sustainability
About Herc Holdings Inc.
Founded in 1965, Herc Holdings Inc., which operates through its Herc Rentals Inc. subsidiary, is a full-line rental supplier with 428 locations across North America, and 2023 total revenues of approximately $3.3 billion. We offer products and services aimed at helping customers work more efficiently, effectively, and safely. Our classic fleet includes aerial, earthmoving, material handling, trucks and trailers, air compressors, compaction, and lighting equipment. Our ProSolutions® offering includes industry-specific, solutions-based services in tandem with power generation, climate control, remediation and restoration, pumps, and trench shoring equipment as well as our ProContractor professional grade tools. We employ approximately 7,600 employees, who equip our customers and communities to build a brighter future. Learn more at www.HercRentals.com and follow us on Instagram, Facebook and LinkedIn.
All references to "Herc Holdings" or the "Company" in this press release refer to Herc Holdings Inc. and its subsidiaries, unless otherwise indicated.
Forward-Looking Statements
This press release includes forward-looking statements as that term is defined by the federal securities laws, including statements concerning our business plans and strategy, projected profitability, performance or cash flows, future capital expenditures, our growth strategy, including our ability to grow organically and through M&A, anticipated financing needs, business trends, our capital allocation strategy, liquidity and capital management, exploring strategic alternatives for Cinelease, including the timing of the review process, the outcome of the process and the costs and benefits of the process, and other information that is not historical information. Forward looking statements are generally identified by the words "estimates," "expects," "anticipates," "projects," "plans," "intends," "believes," "forecasts," "looks," and future or conditional verbs, such as "will," "should," "could" or "may," as well as variations of such words or similar expressions. All forward-looking statements are based upon our current expectations and various assumptions and, there can be no assurance that our current expectations will be achieved. They are subject to future events, risks and uncertainties - many of which are beyond our control - as well as potentially inaccurate assumptions, that could cause actual results to differ materially from those in the forward-looking statements. Further information on the risks that may affect our business is included in filings we make with the Securities and Exchange Commission from time to time, including our most recent annual report on Form 10-K, subsequent quarterly reports on Form 10-Q, and in our other SEC filings. We undertake no obligation to update or revise forward-looking statements that have been made to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events.
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