The Toro Company Announces Launch of Sustainability Endures Platform
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.