Hertz Global Holdings Inc. has been named to Newsweek's 2015 Green Rankings, an assessment of corporate environmental performance. Hertz ranked No. 54 among the 500 largest, publicly traded U.S. companies according to market capitalization, up from No. 329 in 2014.
"We are honored to be recognized by Newsweek for our continued commitment to building sustainable business practices," said John P. Tague, Hertz’s president and chief executive officer. "We're proud to provide clean-technology vehicle choices to our customers, and we are dedicated to reducing our businesses' impact on the environment through numerous initiatives, including the delivery of sustainable mobility solutions powered by the most fuel-efficient rental fleet in the car rental industry."
As part of Hertz's commitment to sustainability, over 80% of Hertz's vehicles have a minimum fuel-efficiency rating of 28 highway mpg. Hertz recycled over 2 million gallons of used oil and auto waste in 2014 and more than 80% of its car washes use reclaimed water, according to the company.
Hertz’s sustainability program also includes mixed recycling at rental locations, which saw a 42% increase in tons of waste recycled in 2014, and tire recycling, which resulted in 414,000 tires diverted from landfills in 2014.
The 2015 Green Rankings assess the environmental performance of the U.S. 500. Companies are measured against their industry peers using eight metrics, including energy, water and waste usage as well as corporate reputation. According to Newsweek, the data for its rankings is obtained from primary sources, including annual reports, audited financial statements, proxy statements and sustainability reports. Secondary data is obtained from HIP Investor, Bloomberg and the CDP.