July 30, 2023
United Rentals, Stamford, Conn., has released its 2022 Corporate Responsibility Report. The report showcases the company’s efforts in the areas of sustainability, culture and governance, and includes updates from 2022 and 2023.
United Rentals listed some of the report’s highlights, including:
- Progress in the company’s sustainability both in its operations and customer offerings. 31 percent of the company’s rental fleet consists of electric or hybrid equipment.
- United Rentals’ deployment of an emissions tracking tool on its Total Control® platform to help customers track their sustainability performance.
- The company’s progress toward its 2030 carbon reduction goal by reducing its greenhouse gas emissions intensity by 16.8 percent across Scopes 1, 2 and third-party hauling within Scope 3, compared to a 2018 baseline.
- United Rentals’ partnership with a third party to measure the sustainability benefits of its rental business model. The company says the results of the study found that its rentals reduce the need for 400,000 new pieces of equipment and that its more efficient fleet prevents the equivalent emissions of 140,000 passenger vehicles driven for a year.
- The company’s maintenance of its best-in-class safety rating and moving closer to its goal, reducing its total recordable incident rate (TRIR) by 3.8 percent compared to 2021.
United Rentals says it welcomed a record 8,000 new team members in 2022 and that its dedication to diversity and welcoming new employees to the 1UR™ culture yielded positive results, increasing diversity in sales and management positions, and improving on its retention rate despite a challenging labor market. The company says these achievements earned recognitions in 2023 including being named a JUST 100 company, a listing on Glassdoor’s 100 Best Places to Work and an appearance on Newsweek’s lists of America’s Most Trustworthy and America’s Most Responsible Companies.
“This momentum, and the determined enthusiasm of our teams, is what will energize us for the next 25 years and beyond,” says Matthew Flannery, chief executive officer, United Rentals. “It feels good to prove that an ethical, sustainable business can also be a profitable, successful business.”
United Rentals 2022 Corporate Responsibility Report was developed in alignment with the Global Reporting Initiative® (GRI) guidelines and contains a Sustainability Accounting Standards Board (SASB) index. The company also published a separate and expanded Task Force on Climate-Related Financial Disclosures (TCFD) Report.
