Progress towards multi-year sustainability goals highlighted and materiality assessment confirms ESG priorities
BLOOMINGTON, Minn.--(BUSINESS WIRE)-- The Toro Company (NYSE: TTC) today released its Sustainability Report for fiscal 2022, highlighting progress made in support of its strategic priorities, advancements in new technologies, and efforts to foster a more diverse, equitable and inclusive workplace. The report also details the results of a materiality assessment conducted in 2022 to confirm the company’s environmental, social and governance (ESG) priorities and determine key areas of focus for the enterprise’s short and long-term sustainability journey. The full report can be found at www.thetorocompany.com/sustainability.
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The Toro Company releases 2022 Sustainability Report highlighting progress made in support of its strategic priorities, advancements in new technologies, and efforts to foster a more diverse, equitable and inclusive workplace. (Graphic: Business Wire)
“The commitment to advancing our sustainability goals and helping our stakeholders achieve theirs has never been stronger at The Toro Company,” said Richard M. Olson, chairman and chief executive officer. “Sustainability is at the heart of how we innovate and is ingrained in our culture of investing in our people, serving our customers, and giving back to our communities. We are excited to share our progress and provide updates on the latest advancements in our sustainability journey. We continue to build momentum and aspire to keep driving meaningful change for our people and for our planet.”
Through its Sustainability Endures initiative, TTC strives to strengthen its environmental and societal commitments through its teams, solutions and operations to make outdoor environments more beautiful, productive and sustainable. Comprised of four key pillars – People, Products, Process and Planning – this framework guides TTC’s strategic actions and performance goals to promote a future of sustainable innovation and growth. The report provides detailed progress and metrics related to the previously identified company goals:
As momentum builds around the company’s Sustainability Endures performance goals, TTC remains committed to accelerating profitable growth, achieving unmatched operational excellence, and empowering its people. The following are a few accomplishments and initiatives from fiscal 2022:
The full sustainability report, which includes disclosures consistent with the Sustainability Accounting Standards Board (SASB) standard reporting framework, 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 net sales of $4.5 billion in fiscal 2022, The Toro Company’s global presence extends to more than 125 countries through a family of brands that includes Toro, Ditch Witch, Exmark, Spartan Mowers, BOSS Snowplow, Ventrac, American Augers, Trencor, Pope, Subsite Electronics, HammerHead, Radius HDD, Perrot, Hayter, Unique Lighting Systems, Irritrol, and Lawn-Boy. 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 work on golf courses, sports fields, construction sites, public green spaces, commercial and residential properties and agricultural operations. For more information, visit www.thetorocompany.com.
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Investor Relations Jeremy Steffan Director, Investor Relations (952) 887-7962, jeremy.steffan@toro.com Media Relations Branden Happel Senior Manager, Public Relations (952) 887-8930, branden.happel@toro.com
Source: The Toro Company