Increase number of women and minorities; increase hybrids; reduce greenhouse gases.
The Toro Company released its Sustainability Report Fiscal 2021, which highlights key achievements, metrics and newly defined sustainability goals as part of its “Sustainability Endures”strategic initiative.
The firm’s sustainability plan includes three newly established goals:
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.
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.
“At The Toro Company, sustainability is engrained in our purpose, our actions and our approach to doing business,” said Richard M. Olson, chairman and CEO. “It is rooted in a genuine desire to help our customers solve their most important challenges in a sustainable way and extends to improving the rapidly changing world in which we live.”
Sustainability is fundamental to Toro’s strategic priorities and is ingrained in its purpose and actions, as evidenced, the firm said, by some of these recent key sustainability initiatives and accomplishments:
Appointed Blake Grams to serve as TTC’s vice president of sustainability.
Matched employee contributions to nonprofit organizations of their choice to support COVID-19 efforts and committed $500,000 to assist families and communities affected by the pandemic.
Made important advancements in battery and hybrid technology, helping customers reduce or eliminate exhaust emissions.
Sustainability also influences daily operations, said Olson, “the way we invest in our people, and the way we compete and win in the right way.”
The company has also aligned with six United Nations sustainable development goals: Clean water and sanitation; decent work and economic growth; industry, innovation and infrastructure; sustainable cities and communities; responsible consumption and production; and, climate actions.
“We have established a roadmap to achieve our stated sustainability goals in support of our strategic priorities,” said Olson.