The Toro Company Releases 2022 Sustainability Report

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:

• Increase battery and hybrid product sales to at least 20% of total adjusted net sales (motorized product sales) by fiscal 2025.
• Reduce absolute Scope 1 and 2 greenhouse gas emissions by at least 15% by fiscal 2025 as compared to fiscal 2019.
• Increase the number of women and racial and ethnic minorities in leadership positions by at least 20% by fiscal 2025 as compared to fiscal 2021.

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: