This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

G&K Services Makes Continued Investments To Promote Environmental Stewardship

As a leader in environmentally sustainable laundry processes, G&K Services, Inc. (NASDAQ: GK) takes pride in minimizing the impact of its operations on the environment. G&K takes the occasion of Earth Day to reflect on the progress our company has achieved over the past year.

In the past year, G&K Services completed its transition to innovative laundry formulations that are 100 percent free of nonylphenol ethoxylates, or NPEs. These NPE-free detergents enable high performance cleaning, with less impact on the environment and lower water consumption. G&K now uses NPE-free wash chemistry in all its facilities.

G&K also reduced water consumption by continuing to deploy industry leading water reuse systems in its laundry facilities. In the past year, G&K installed these systems in three more of its locations, reducing these facilities’ fresh water use by up to 40 percent. In addition to lowering water usage, G&K continued to invest in heat recovery systems that reduce natural gas consumption and lower greenhouse gas emissions. The company has now installed boiler heat recovery systems in over half of its laundry facilities. G&K has also started to introduce a heat recovery process for use on dryers.

Within its fleet of delivery vehicles, G&K Services has taken steps to improve fuel efficiency and reduce carbon emissions. In 2013, the company installed a GPS-based telematics solution across its fleet. This system promotes safe and efficient driving behavior and helps limit truck idling. Together with other fleet efficiency initiatives, the telematics system allowed G&K to reduce total motor fuel usage over the past 12 months, despite an increase in total miles driven. Additionally, earlier this year the company furthered its exploration of alternative fuel vehicles by launching a pilot program to test delivery trucks fueled by compressed natural gas (CNG). G&K will continue to evaluate CNG, and other alternative fuel technologies, for further deployment in its fleet.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,102.38 -272.38 -1.66%
S&P 500 1,921.22 -29.91 -1.53%
NASDAQ 4,683.9190 -49.5780 -1.05%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs