Advancing sustainability through innovation, operational efficiency and community investment to drive measurable progress across strategic priorities
The Toro Company (NYSE:TTC), a leading global provider of solutions for the outdoor environment, today released its Sustainability Impact Report for fiscal 2024, highlighting key achievements and progress made towards its strategic priorities of accelerating profitable growth, achieving operational excellence and empowering people. The report builds on the company's longstanding commitment to helping customers enrich the beauty, productivity and sustainability of the land. The full report can be found at www.thetorocompany.com/sustainability.
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The Toro Company releases 2024 Sustainability Impact Report, highlighting key achievements and progress made towards its strategic priorities of accelerating profitable growth, achieving operational excellence and empowering people.
"At The Toro Company, sustainability is rooted in how we operate, innovate and position the company for growth," said Richard M. Olson, chairman and chief executive officer of The Toro Company. "Our 2024 report reflects the collective efforts of our global teams to drive positive impact—through the products we develop, the partnerships we build, and the communities we support. We're excited to share the progress made this year as we continue to build momentum."
TTC's global presence brings with it a responsibility to lead with purpose, ensuring that its actions support a more sustainable future for customers, partners and communities around the world. To further its progress and efforts in corporate responsibility, TTC takes a comprehensive, integrated approach to sustainability centered on three key pillars: Product, People and Process. This framework guides the company's efforts to create meaningful impact across its global operations.
Advancing Innovation
TTC's commitment to product innovation is grounded in a focus on safety, quality and efficiency. Through environmentally conscious design, responsible sourcing and the integration of advanced technologies, TTC develops solutions that address today's needs while anticipating the challenges of tomorrow. Notable achievements in fiscal 2024 include:
- Advanced energy efficiency by providing customers, partners and communities with electric equipment to help reduce their carbon footprint.
- Launched a nationwide Battery Recycling Program in collaboration with longtime partner Call2Recycle, enabling the safe collection and responsible recycling of high-energy batteries used to power outdoor tools and equipment.
- Developed the autonomous Exmark® Turf Tracer® with XiQ Technology, integrating cloud services, mobile apps and autonomous control software to enable landscape professionals to do more, more efficiently.
- Strengthened partnership with Sentosa Golf Club, recognized globally as the leading eco-friendly golf facility. Toro's support includes a full lineup of advanced fairway, rough and greens mowers, battery-powered utility vehicles, and precision irrigation systems to support more efficient and responsible course management.
- Released HammerHead's PortaBurst® PB30X, the first of its kind versatile machine that allows contractors to replace aging sewer, water and gas lines without causing significant surface disruption or impact to residents and businesses.
- Hosted the TTC Tech Forum to bring together global employees from across the organization to connect and collaborate on emerging technologies and new product innovation.
- Leveraged Ditch Witch® horizontal directional drill technology to address environmental challenges associated with underground utility installation, preserving natural landscapes and safeguarding surrounding ecosystems.
Driving Efficiency
For over a century, customers and partners have relied on quality products delivered through TTC's commitment to operational excellence. By embracing lean principles, TTC works to minimize waste, reduce emissions and optimize resource use throughout the product life cycle. This focus not only improves efficiency but also prioritizes workplace safety, advancing sustainability across the supply chain while reinforcing a legacy of quality. Notable achievements in fiscal 2024 include:
- Completed first Double Materiality Assessment to identify environmental, social and governance (ESG) topics with the greatest potential impact on business performance, society, and the environment—helping prioritize sustainability strategy and maximize impact.
- Delivered significant productivity savings through initiatives targeting energy efficiency, reduced packaging waste, and enhanced ergonomic designs to improve workplace safety and productivity.
- Broke ground on a new 170,000 square-foot paint facility for Ditch Witch in Perry, Oklahoma, a move that will generate new employment opportunities and create greater operational efficiencies.
- Launched a composting program at Bloomington headquarters, diverting over 34,000 lbs. of organic waste from landfills, transforming it into compost and contributing to long-term waste reduction.
- Invested in the next generation of skilled workers by donating repurposed Ditch Witch drill pipe to local schools and vocational programs—enabling hands-on training in welding, design and construction.
- Introduced a Zero Waste to Landfill (ZWTL) program aimed at streamlining waste processes across North American operations, with plans to launch in 2025. The initiative focuses on identifying and managing various waste streams, including liquid, solid, hazardous, non-hazardous, and recyclables.
- Developed a Production Guide to help operations sites integrate sustainability metrics into leadership assessments and improve efficiency in resource use and workforce management.
Empowering People
By investing in its people, TTC is building a future-ready workforce equipped to lead in a rapidly evolving world. Through a culture that prioritizes professional development, employee engagement, and attracting top talent, TTC empowers individuals to grow, contribute, and thrive. This commitment not only drives innovation across the organization but also strengthens its impact in the communities it serves. Notable achievements in fiscal 2024 include:
- In partnership with iDE, TTC engaged employees in a hands-on immersion trip to Zambia where they collaborated with smallholder farmers—installing drip irrigation, exploring agri-business models, and participating in community-led initiatives to strengthen long-term agricultural resilience.
- Recognized by Newsweek as one of the World's Most Trustworthy Companies and Most Trustworthy Companies in America.
- Launched the Supervisor Excellence Program, a multi-year initiative focused on enhancing leadership capabilities among plant supervisors and managers.
- Partnered with the National Recreation and Park Association (NRPA) on a three-year initiative to support workforce development and empower the next generation of parks industry leaders.
- Awarded scholarships to 110 students, investing in the next generation of leaders and promoting academic excellence for employees and their families.
- Welcomed over 60 interns across ten U.S. locations, representing students from over 30 colleges and universities.
- Conducted the Leadership InMotion program, a three-month learning experience designed to equip employees with critical leadership skills, foster cross-functional connections and deliver real-world impact.
The full sustainability report, which was prepared with reference to the Global Reporting Initiative (GRI) and Sustainability Accounting Standards Board (SASB), can be found at: www.thetorocompany.com/sustainability.
About The Toro Company
The Toro Company (NYSE:TTC) is a leading global provider of solutions for the outdoor environment including turf and landscape maintenance, snow and ice management, underground utility construction, rental and specialty construction, and irrigation and outdoor lighting solutions. With net sales of $4.6 billion in fiscal 2024, The Toro Company's global presence extends to more than 125 countries through a family of brands that includes Toro, Ditch Witch, Exmark, Spartan, BOSS, Ventrac, American Augers, Trencor, Subsite, HammerHead, Radius, Perrot, Hayter, Unique Lighting Systems, Irritrol, and Lawn-Boy. Through constant innovation and caring relationships built on trust and integrity, The Toro Company and its family of brands have built a legacy of excellence by helping customers work on golf courses, sports fields, construction sites, public green spaces, commercial and residential properties and agricultural operations. For more information, visit www.thetorocompany.com.
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Media Relations
Branden Happel
Senior Manager, Public Relations
The Toro Company
(952) 887-8930, [email protected]
Investor Relations
Jeremy Steffan
Director, Investor Relations
(952) 887-7962, [email protected]