ESTERO, Fla., June 17, 2015 /PRNewswire/ -- Hertz Global Holdings, Inc. (NYSE: HTZ) has been named to Newsweek's 2015 Green Rankings, one of the world's most recognized assessments of corporate environmental performance. The company 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, President and Chief Executive Officer of Hertz. "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 percent of Hertz's vehicles have a minimum fuel-efficiency rating of 28 highway mpg. Environmental efficiency programs' efforts resulted in recycling over 2 million gallons of used oil and auto waste in 2014, and more than 80 percent of the company's car washes use reclaimed water. The Hertz sustainability program also includes mixed recycling at Hertz rental locations, which saw a 42 percent increase in tons of waste recycled in 2014; and tire recycling, which resulted in 414,000 tires diverted from landfills in 2014. Additionally, the company currently has 15 solar locations, with projected growth to 20 by 2016.
The 2015 Green Rankings assess the environmental performance of the U.S. 500. Companies are measured against their industry peers using eight clearly defined 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. All companies are contacted for data verification once all available items of data have been obtained.
Hertz operates the Hertz, Dollar, Thrifty and Firefly car rental brands in more than 10,300 corporate and licensee locations throughout approximately 145 countries in North America, Europe, Latin America, Asia, Australia, Africa, the Middle East and New Zealand. Hertz is the largest worldwide airport general use car rental company with more than 1,600 airport locations in the U.S. and more than 1,300 airport locations internationally. Product and service initiatives such as Hertz Gold Plus Rewards, NeverLost®, Carfirmations, Mobile Wi-Fi and unique vehicles offered through the Adrenaline, Dream, Green and Prestige Collections set Hertz apart from the competition. Additionally, Hertz owns the vehicle leasing and fleet management leader Donlen Corporation, operates the Hertz 24/7 hourly car rental business and sells vehicles through its Rent2Buy program. The Company also owns Hertz Equipment Rental Corporation ("HERC"), one of the largest equipment rental businesses with more than 350 locations worldwide offering a diverse line of equipment and tools for rent and sale. HERC primarily serves the construction, industrial, oil, gas, entertainment and government sectors. For more information about Hertz, visit: www.hertz.com.
SOURCE Hertz Global Holdings, Inc.