Sustainability Commitment
ENDURING. INNOVATING. EMPOWERING.
At The Toro Company, sustainability is deeply rooted in our purpose of enriching the beauty, productivity and sustainability of the land. It is the foundation of our strategic priorities and affects multiple facets of our business. From advancements in water-saving irrigation technologies to smart-connected, battery and hybrid solutions, our innovative lineup of products and solutions helps customers meet the demands of their jobs, while providing the power, productivity and precision they expect.
The commitment to advancing our sustainability goals, and helping our stakeholders advance theirs, has never been stronger at The Toro Company. We start each day thinking about how we can exceed customer expectations with innovative solutions and technologies, while fostering an inclusive environment that enables us all to do our best, work together and give back to our communities in a meaningful way.
Chairman and CEO, The Toro Company
Notable 2022 Highlights:
Materiality Assessment
Continuing to build on our momentum, we conducted a robust materiality assessment in 2022 to help confirm our environmental, social and governance (ESG) priorities. We worked with an independent third-party to conduct a review of prevalent ESG topics, understand the impact on our various value chains, and engage with a variety of stakeholders to help prioritize topics of key importance to the enterprise.
In 2022, we were able to affect meaningful change through numerous intentional steps and actions but we acknowledge that there is still more work to be done to successfully achieve these goals.
- Reduce absolute Scope 1 and 2 greenhouse gas (GHG) 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
- Increase battery and hybrid product sales to at least 20% of total adjusted net sales (motorized product sales) by fiscal 2025
At The Toro Company, we want to help our customers leverage resources responsibly through our commitment to delivering innovative products with the highest possible performance and efficiency. Water stewardship remains a key area of focus as we work to support our landscape, golf and agricultural customers with precision technologies to best manage the water resources critical to their operations. We also have continued to expand our suite of battery-electric and smart-connected solutions with a focus on energy efficiency, labor optimization and improved productivity.
Valuing
Our People
We have always placed an importance on fostering a diverse, equitable and inclusive workplace. In 2022, we developed a robust DEI roadmap and increased resources dedicated to enhancing the intended impact within the company and in our broader communities. We were pleased to launch the Women’s Initiative Network (WIN), an employee resource group that provides an inclusive forum for support, mentorship and development. We continue to explore additional opportunities to create new and diverse resource groups that are representative of our employees’ passions and interests.
Sustainability Focus and Commitments
Our commitment to sustainability is fueled by our purpose of helping our customers enrich the beauty, productivity and sustainability of the land. Sustainability is the foundation of our strategic priorities and we are proud of integrating sustainability considerations across our businesses. Learn more.
Product
We want to help the world do more with less — as innovatively as possible. Our commitment to extraordinary quality and our focus on problem solving have allowed us to tackle our customers’ toughest challenges. We are dedicated to providing innovative products with the highest possible performance and efficiency, and expanding our suite of battery electric and smart-connected solutions across our portfolio. Our robust product design, test and manufacturing processes help ensure our products serve their intended purpose in a reliable and safe manner. Learn more.
People
Our people are the core of our operations, performance and success. To attract and retain a talented, diverse workforce we focus on ensuring the safety of our workplace, promoting employee growth, development and wellness, creating meaningful work, and supporting the uniqueness of each employee. By fostering a safe, inclusive and engaging workplace, we support our employees at work, at home and in the communities in which we live and work. Learn more.
Process
Our process facilitates the delivery of the top-quality products our customers and partners have come to expect for over a century. Through continuous improvement, we execute operational excellence and resource efficiency in our integrated supply chain, reinforced by our enduring commitment to quality. Learn more.
Governance, Ethics and Integrity
We believe operating with transparency and honesty drives better business outcomes and allows us to establish long-lasting relationships with employees, customers and other stakeholders. We maintain high moral, ethical and legal standards by following both the letter and spirit of the law, advancing our culture, and working together to implement and uphold the company’s legacy of excellence. Learn more.
