Increasing sales of battery and hybrid products among the newly established goals
Toro released its sustainability report for fiscal 2021, which highlights key achievements, metrics and newly defined sustainability goals as part of its Sustainability Endures strategic initiative. The report builds on the company’s commitment to making a positive impact financially, socially and environmentally worldwide.
“At The Toro Company, sustainability is ingrained in our purpose, our actions and our approach to doing business,” chairman and CEO Richard M. Olson said. “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. Not only is sustainability at the heart of how we innovate and develop new products and technologies, it also influences daily operations, the way we invest in our people, and the way we compete and win in the right way. It is also displayed in our dedication to serving customers and giving back to global communities.”
Toro’s established Sustainability Endures initiative includes newly established performance goals to help drive change:
Increasing the number of women and racial and ethnic minorities in leadership positions by at least 20 percent by fiscal 2025, as compared to fiscal 2021.
Increasing battery and hybrid product sales to at least 20 percent of total adjusted net sales (motorized product sales) by fiscal 2025.
Reducing absolute Scope 1 and 2 greenhouse gas emissions by at least 15 percent by fiscal 2025 as compared to fiscal 2019.
In addition, Toro announced it has achieved multiple key sustainability initiatives, including:
Appointment of Blake Grams to serve as vice president of sustainability, business analytics and process improvement, further signaling the commitment to accelerating change and delivering meaningful results for stakeholders.
Matching of employee contributions to non-profit organizations of their choice to support COVID-19 efforts and committing $500,000 to assist families and communities affected by the pandemic through The Toro Company Foundation.
Developing advancements in battery and hybrid technology, helping customers reduce or eliminate exhaust emissions.
Investing resources to enhance safety and wellness programs with a renewed focus on advancing continuous improvement initiatives across operations.
Coordinating employee immersion experiences to help support smallholder farmers in Honduras, Malawi and Nicaragua with sustainable drip irrigation and water storage solutions that better meet the needs of farmers and their communities.
Toro also has strategically aligned its priorities with six United Nations Sustainable Development Goals to help address environmental and social issues globally in areas where it can make the most significant contributions:
Goal 6 – Clean Water and Sanitation
Goal 8 – Decent Work and Economic Growth
Goal 9 – Industry, Innovation and Infrastructure
Goal 11 – Sustainable Cities and Communities
Goal 12 – Responsible Consumption and Production
Goal 13 – Climate Actions
“We have established a roadmap to achieve our stated sustainability goals in support of our strategic priorities – accelerating profitable growth, achieving operational excellence and empowering our people,” Olson said. “We are excited to share our progress and the achievements that got us here today, as well as future aspirations along our sustainability journey.”
CLICK HERE to read the full report.