Capital Allocation and Digital Strategy Update
Differentiation through a focus on sustainability...
Emissions
Selected Highlights
✔ Goal: Reduce greenhouse gas (GHG) emissions intensity by 35% by 2030 vs. 2018 baseline
✓ Progress to date includes a 16.8% reduction in GHG emissions intensity in 2022 vs. 2018 baseline
✓ Continued to invest in low- and zero-emissions equipment and vehicles for our rental and non-rental fleets, and
engage with manufacturers and customers about related opportunities
✓ Approximately 31%* of rental fleet is electric or hybrid, with the intent of growing this proportion
✓ Benefits of both route and load optimization for deliveries, as well as telematics
✓ Added emissions options chooser to website, allowing customers to choose low or zero-emissions equipment;
launched customer-facing emissions estimation tool in Total Control®
*as of 5/30/23 and based on number of units in classes that are motorized (excludes non-motorized and hand tools)
Energy
✓ Goal: 95%** of North American locations will have lighting retrofit completed by 2025
✓ As of 12/31/2022, 79%** of North American locations had lighting retrofits completed
✓ Energy management across entire branch network
✓ Purchased 31,250 MWh of renewable energy credits (RECs) in 2022, which is equivalent to 15,090 MT CO2e
avoided and is an increase from 25,000MWh RECs purchase in 2021
** based on footprint as of 6/30/22, and does not include locations we have acquired since then or may acquire in the future
Waste
✓ Goal: Divert 70% of our waste from landfills by 2025
✓ In 2022, 56.4% of waste was diverted from landfills, a 13.9 percentage point increase from 2021
Other
✓ Conducted monthly Sustainability Steering Committee meetings to drive progress toward our goals; committee
comprised of leaders from facilities, fleet, environmental, legal, tax, HR, digital, marketing, strategy and sales
✓ Partnered with third-party to analyze our rental business and quantify the environmental benefit it brings
✓ Planet United, our sustainability-focused employee resource group, works to foster environmental awareness
across the organization
✓ LEAN practices/Continuous Improvement have long been part of URI standard operating procedures
GHG Emissions Intensity (MT CO2e/$M Revenue)
Includes scope 3 emissions from third party haulers in addition
to scope 1 and 2 emissions
2030 Goal: 39.5 MT CO2e/ $M revenue, a 35% reduction from
2018-base level
60.8
60
58.31
55.4
55.1
50.6
50
40
30
20
10
0
2018
2019
2020
2021
2022
1 GHG intensity increased by 5.3% from 2019 to 2020, which was due to absolute emissions
decreasing by 4%, while total revenue decreased 8.8%, primarily due to COVID-19 impacts.
Helping build a better future for all stakeholders
For additional details, please see our Corporate Responsibility Report that can be found at www.ur.com.
United Rentals®
Work United®
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