#USA #Fort Lauderdale #ESG Reporting #UN Global Compact #Techtronic Industries

Techtronic Industries' Commitment to Sustainability

On December 24, 2024, Techtronic Industries Co. Ltd. (TTI) declared its membership in the United Nations Global Compact, reinforcing its commitment to sustainability and corporate social responsibility. This significant move aligns TTI with over 25,000 signatories from more than 160 countries, establishing it as part of the largest voluntary corporate sustainability initiative worldwide.

TTI's CEO, Steve Richman, noted, "As a pioneer in the industry of cordless power tools and outdoor equipment, our commitment to sustainable products and business practices has long been a core part of our operations." Since publishing its first Environmental, Social, and Governance (ESG) report in 2015 and aligning corporate goals with the UN's Sustainable Development Goals (SDGs) in 2018, TTI has made substantial strides toward improving safety solutions, reducing noise pollution, enhancing supply chain traceability, decarbonizing operations, and bolstering governance.

The company aims to implement initiatives that not only support the UN's SDGs but also foster an inclusive and equitable corporate culture. Richman emphasized that TTI remains determined to advance its sustainability strategies by setting measurable targets and continuously tracking progress.

TTI's Ongoing ESG Reporting

TTI is committed to transparently communicating its sustainability progress through annual reports on ESG initiatives, with the next report due in March 2025. For more insights into TTI's sustainability efforts and performance, stakeholders can access the latest ESG publications on the company’s website.

About Techtronic Industries Co. Ltd.

Founded in 1985 by German entrepreneur Horst Julius Pudwill, Techtronic Industries has emerged as a global leader in technology, specializing in wireless tools, outdoor power equipment, floor care products, and cleaning products. The company serves professional, industrial, DIY, and residential markets worldwide, employing over 50,000 individuals globally. TTI emphasizes relentless innovation and strategic growth to maintain its leadership status across its sectors.

Among TTI's prominent brands is MILWAUKEE, recognized for its professional tool range and headquartered in Brookfield, Wisconsin. This historic brand places a strong emphasis on safety and productivity. Another popular brand, RYOBI, is based in Greenville, South Carolina, and caters to DIY enthusiasts, continuously setting the standard for innovation in the sector. TTI’s diverse portfolio also includes renowned brands like AEG, EMPIRE, HOMELITE, and several leading floor care brands such as HOOVER, ORECK, VAX, and DIRT DEVIL.

The family's substantial ownership, combined with institutional investors from North America and Europe, underscores TTI's strong financial position. TTI is publicly traded on the Hong Kong Stock Exchange and is part of the Hang Seng Index. As it operates globally, the company is unwavering in its commitment to adhere to high environmental, social, and governance standards. Learn more about Techtronic Industries at www.ttigroup.com.