Techtronic Industries Joins the UN Global Compact: A Commitment to Sustainability and Social Responsibility

Techtronic Industries Joins UN Global Compact

In a significant move towards sustainability, Techtronic Industries Co. Ltd. (TTI), a global leader in cordless power tools, outdoor equipment, and floor care solutions, has officially joined the United Nations Global Compact (UNGC). This initiative underscores TTI’s commitment to upholding principles of sustainability and social responsibility. With over 25,000 signatories from more than 160 countries, the UN Global Compact is the world's largest voluntary corporate sustainability reporting initiative.

TTI's decision to join the UNGC reflects its long-standing dedication to sustainable products and business practices. Steve Richman, TTI’s CEO, stated, “As a pioneer in energy-efficient, battery-operated tools and outdoor power equipment, our engagement in sustainable practices has been a core element of our operations. We began publishing ESG reports in 2015 and aligned our goals with the UN Sustainable Development Goals (SDGs) in 2018.”

TTI is dedicated to making annual progress in areas such as safety solutions, noise reduction, supply chain traceability, decarbonization, and governance. The company has committed to reporting its progress through its ESG report and the UNGC website, ensuring transparency for stakeholders.

“Our goal is to implement initiatives that deepen our support for the UN’s SDGs while fostering an inclusive workplace culture,” Richman added. With this commitment, TTI aims to advance its sustainability journey by setting measurable targets and continuously monitoring its progress.

The company’s alignment with the UNGC principles covers various areas, including human rights, labor standards, environmental care, and anti-corruption measures, further solidifying its position as a socially responsible enterprise.

Techtronic Industries was founded in 1985 by German entrepreneur Horst Julius Pudwill and has grown to be a major player in the field of wireless technology. TTI serves various markets globally, covering professional, industrial, DIY, and consumer segments. With over 50,000 employees, the company emphasizes innovation and strategic growth to maintain its leading position.

The Milwaukee brand, prominently featured in TTI’s portfolio, is recognized for its commitment to innovation, safety, and productivity on job sites worldwide. Similarly, the Ryobi brand, based in Greenville, South Carolina, continues to set the standard for innovative DIY tools.

TTI boasts a diverse brand portfolio, including well-respected names like AEG, EMPIRE, HOMELITE, as well as leading floor care products such as Hoover, Oreck, VAX, and Dirt Devil, among others.

Supported by a strong ownership structure led by the Pudwill family, TTI is primarily backed by institutional investors from North America and Europe. The company is publicly traded on the Hong Kong Stock Exchange and is a component of the Hang Seng Index, reflecting its robust presence in the global market.

TTI's participation in the UN Global Compact serves as a symbol of its commitment to environmental, social, and governance (ESG) standards. As the company progresses towards fulfilling its sustainability goals, its upcoming 2024 ESG report, set for release in March 2025, will provide further insights into its ongoing initiatives and achievements in the sustainability domain.

For more information about TTI’s sustainability efforts and initiatives, visit their official website at www.ttigroup.com.

All listed brands except AEG and Ryobi are owned by TTI. AEG is a registered trademark of AB Electrolux (publ) and is used under license, while Ryobi is a registered trademark of Ryobi Limited, also used under license.