Further strengthens TTC’s commitment to make a
positive impact financially, socially and environmentally
worldwide
The Toro Company (NYSE: TTC) today announced the launch of its
Sustainability Endures platform, which will strengthen TTC’s
strategic focus on sustainability and its long-standing commitment
to making a positive impact financially, socially and
environmentally worldwide.
Sustainability is core to TTC’s purpose and culture. In fiscal
2019, TTC enhanced its focus on sustainability by establishing a
cross-functional sustainability leadership team to further develop
and implement an enterprise-wide sustainability strategy. In so
doing, TTC strives to build on its tradition of sustainability and
drive progress with a transparent, integrated approach.
“Sustainability is not a new concept for The Toro Company,” said
Richard Olson, chairman and CEO of The Toro Company. “It is deeply
rooted in our purpose and is the foundation of our strategic
business priorities of accelerating profitable growth, driving
productivity and operational excellence, and empowering our people.
We believe sustainability practices and guiding principles rest at
the core of creating long-term value and positive change in the
markets we support and in the communities we serve around the
world.”
Sustainability Endures introduces four strategic pillars –
People, Products, Process and Planning – that help define and guide
The Toro Company’s sustainability strategies and execution of those
strategies. Through these pillars, The Toro Company is focusing on
environmental, social and governance areas that it believes are
most material to TTC and where it can make a meaningful impact,
including health and safety, diversity, equity and inclusion, water
conservation, product innovation and operational efficiency.
This year also marked an important milestone for The Toro
Company in its sustainability efforts with the release of its 2019
Sustainability Report. The report reflects TTC’s culture of
innovation and long-standing commitment to economic, environmental
and social responsibility, from its products to its global
operations and philanthropic support worldwide. The 2019
Sustainability Report focuses on TTC’s efforts during its 2019
fiscal year and before and, as such, does not cover its response to
the COVID-19 pandemic or the recent social unrest and social
justice activities concerning systemic racism that have impacted
the lives of many around the world.
Key fiscal 2019 sustainability initiatives and accomplishments
include:
- Deepening commitment to Diversity, Equity and Inclusion
(DEI). In addition to designating DEI as part of the formal
responsibilities within TTC’s Human Resources team, TTC is
broadening the lens from workforce and workplace practices, to
seeking out synergies with supplier management practices and
philanthropic giving.
- Employee health and safety is a paramount value of TTC.
TTC implemented a comprehensive Environmental, Health and Safety
data management system to help drive engagement and increased
transparency for proactive safety performance. TTC saw reductions
in both its Total Recordable Injury and Lost Workday rates during
fiscal 2019.
- Impacting our communities and smallholder farmers in
developing countries. As part of its Land. Water. Thrive.
philanthropic initiative and employee immersion experience, TTC
partnered with iDE to work with smallholder farmers in Honduras to
better understand their irrigation practices to help develop drip
systems and water storage solutions that are affordable,
sustainable, and meet the needs of both growers and their
communities.
- Continued focus on water stewardship. TTC was recognized by the U.S. Environmental
Protection Agency with the WaterSense® Excellence Award for its
dedication to water management innovation and education, marking
the fourth consecutive year that it has received the prestigious
award.
- Improving operational efficiency. TTC began its journey
to implement a new energy management system to better access site
energy consumption and resource efficiency at its production
facilities. The new system provides real-time access to data with
analytics to identify key performance trends and opportunities for
operational efficiency, as well as energy and environmental impact
reduction.
- Energy-efficient technologies. With a focus on energy
efficiency and developing sustainable solutions, TTC introduced
several products to further expand its alternative power offerings.
Examples include a new line of 60V lithium-ion products for
homeowners, the Greensmaster® eTriFlex™ hybrid riding greens mower,
and the all-electric e-Dingo™ 500 compact utility loader.
“While sustainability has traditionally been part of our
culture, we will continue to take action to ensure we are meeting
the demands of the rapidly changing world we live in. There is much
we have done, and there is more we can, and will, do,” added Olson.
“Sustainability Endures is both a celebration of our long-standing
focus on social and environmental responsibility, and a signal of
our continued commitment to expand our positive impact around the
world, which is inherent in our legacy of excellence.”
The sustainability report, which was prepared with reference to
the Global Reporting Initiative (GRI) and Sustainability Accounting
Standards Board (SASB), can be found at:
www.thetorocompany.com/sustainability.
About The Toro Company
The Toro Company (NYSE: TTC) is a leading worldwide provider of
innovative solutions for the outdoor environment including turf and
landscape maintenance, snow and ice management, underground utility
construction, rental and specialty construction, and irrigation and
outdoor lighting solutions. With sales of $3.1 billion in fiscal
2019, The Toro Company’s global presence extends to more than 125
countries through a family of brands that includes Toro, Ditch
Witch, Exmark, BOSS Snowplow, Ventrac, American Augers, Subsite
Electronics, HammerHead, Trencor, Unique Lighting Systems,
Irritrol, Hayter, Pope, Lawn-Boy and Radius HDD. Through constant
innovation and caring relationships built on trust and integrity,
The Toro Company and its family of brands have built a legacy of
excellence by helping customers care for golf courses, sports
fields, construction sites, public green spaces, commercial and
residential properties and agricultural operations. For more
information, visit www.thetorocompany.com.
Forward-Looking Statements
This news release contains forward-looking statements, which are
being made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements are based on management’s current assumptions and
expectations of future events, and often can be identified by words
such as “expect,” “strive,” “looking ahead,” “outlook,” “guidance,”
“forecast,” “goal,” “optimistic,” “anticipate,” “continue,” “plan,”
“estimate,” “project,” “believe,” “should,” “could,” “will,”
“would,” “possible,” “may,” “likely,” “intend,” “can,” “seek,”
“potential,” “pro forma,” or the negative thereof or similar
expressions. Forward-looking statements involve risks and
uncertainties that could cause actual events and results to differ
materially from those projected or implied. Particular risks and
uncertainties, including those that may impact TTC’s Sustainability
Endures platform, are described in TTC’s most recent annual report
on Form 10-K, subsequent quarterly reports on Form 10-Q or current
reports on Form 8-K, and other filings with the Securities and
Exchange Commission. TTC makes no commitment to revise or update
any forward-looking statements in order to reflect events or
circumstances occurring or existing after the date any
forward-looking statement is made.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200729005797/en/
Media Relations Branden Happel The Toro Company (952)
887-8930, branden.happel@toro.com
Investor Relations Nicholas Rhoads Managing Director,
Investor Relations (952) 887-8865, nicholas.rhoads@toro.com
Toro (NYSE:TTC)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
Toro (NYSE:TTC)
Historical Stock Chart
Von Jul 2023 bis Jul 2024