Techtronic Industries Joins UN Global Compact to Enhance Sustainability Efforts

Techtronic Industries Commits to Global Sustainability Initiatives

Techtronic Industries Co. Ltd. (TTI), recognized for its innovative cordless power tools and outdoor equipment, has officially joined the UN Global Compact on December 23, 2024. This significant step reflects TTI’s enduring commitment to sustainability and responsible business practices, joining over 25,000 signatories in more than 160 countries who are united in their sustainability reporting initiatives.

A Commitment to Sustainable Practices

TTI's CEO, Steve Richman, highlighted the company's longstanding pledge to promote sustainable products and operations. Since 2015, TTI has been proactive in releasing Environmental, Social, and Governance (ESG) reports, aligning its goals with the United Nations Sustainable Development Goals (SDGs) as early as 2018. Richman stated, "As pioneers in the industry, our efficient and low-power battery-operated tools form the backbone of our commitment to sustainability."

The company is making notable progress in various areas including safety solutions, noise reduction, supply chain traceability, decarbonization, and governance. By joining the UN Global Compact, TTI has further committed itself to implementing the Ten Principles related to human rights, labor standards, environmental protection, and anti-corruption.

Pursuing Global Goals

TTI’s sustainability objectives extend beyond corporate accountability; they aim to create a positive impact on the community and environment. The company plans to deepen its support for the UN SDGs while fostering an inclusive and equitable workplace culture. To emphasize their commitment, TTI will publish an annual report on their ESG efforts, documenting measurable objectives and ongoing progress. The upcoming 2024 ESG report is slated for release in March 2025.

About Techtronic Industries

Founded in 1985 by German entrepreneur Horst Julius Pudwill, Techtronic Industries has established itself as a leader in wireless technology and power tools. With a workforce exceeding 50,000 globally, TTI serves both professional and consumer markets through brands like Milwaukee, known for its innovative solutions in work productivity, and Ryobi, a favorite among DIY enthusiasts.

The Milwaukee brand is particularly lauded for its global research and development capabilities, based in Brookfield, Wisconsin. Meanwhile, Ryobi, headquartered in Greenville, South Carolina, continues to set the standard in DIY tool innovation. TTI's diverse portfolio also includes trusted names such as AEG, EMPIRE, HOMELITE, as well as well-known floor care brands including HOOVER, ORECK, VAX, and DIRT DEVIL from Charlotte, North Carolina.

Stability and Innovation

Techtronic Industries' impressive international reputation and extensive brand portfolio are supported by a solid ownership structure. The Pudwill family retains the largest share of the company, complemented by investments from institutional investors across North America and Europe. TTI is publicly traded on the Hong Kong Stock Exchange and is also a part of the Hang Seng Index, demonstrating its strong commitment to corporate governance and responsible environmental practices.

For further information on Techtronic Industries and its sustainability initiatives, please visit www.ttigroup.com. All other trademarks mentioned except AEG and Ryobi are owned by TTI, with AEG licensed from AB Electrolux and Ryobi licensed from Ryobi Limited.