Irrigation equipment and mowers
Founded in 1914.
|The Toro Company||USA||website|
|The Toro Company|
This company received an S&P Global ESG Score of 12/100 in the Machinery and Electrical Equipment category of the S&P Global Corporate Sustainability Assessment, an annual evaluation of companies' sustainability practices (last updated 7 Feb 2021). The rankings are based on an analysis of corporate economic, environmental and social performance, assessing issues such as corporate governance, risk management, environmental reporting, climate strategy, human rights and labour practices.
Source: S&P Global (2021)
Leading makers of lawnmovers, including Toro, knowingly misrepresented, and significantly overstated, the horsepower of some of their products. As the price for lawn mowers is linked to the horsepower of the engine - the higher the horsepower, the more expensive the lawn mower - defendants' alleged misconduct caused consumers to purchase expensive lawn mowers that provided lower horsepower than advertised. In August 2010, the Court approved a $65 million settlement of the class action.
Source: Lawn Mower Class (2010)
In 2019 the median pay for a worker at this company was US$48,319. The CEO was paid 109 times this amount. Exorbitant CEO pay is a major contributor to rising inequality. CEOs are getting more because of their power to set pay, not because they are increasing productivity or possess specific, high-demand skills. The economy would suffer no harm if CEOs were paid less (or taxed more). In contrast, the CEO-to-typical-worker compensation ratio was 20-to-1 in 1965 and 58-to-1 in 1989.
Source: AFL-CIO (2020)
Toro donates at least two percent of its domestic pre-tax earnings to its communities each year.
Source: company website (2012)
This company is a member of the Responsible Minerals Initiative (formerly the Conflict-Free Sourcing Initiative), which helps companies address conflict minerals issues in their supply chains. The RMI provides information on conflict-free smelters and refiners, common tools to gather sourcing information, and forums for exchanging best practices on addressing conflict minerals. Membership is open to companies that use or transact in tantalum, tin, tungsten or gold (3TG). Founded in 2008 by members of the Electronic Industry Citizenship Coalition and the Global e-Sustainability Initiative.
Source: RMI (2019)
JUST Capital polls Americans every year to identify the issues that matter most in defining just business behaviour. For their 2021 rankings the public identified 19 issues, which are organised under the headings Workers, Communities, Customers, Shareholders and Environment. JUST Capital then define metrics that map to those issues and track and analyse the largest, publicly traded U.S. companies. This analysis powers their rankings, in which this company ranked 320th of 928 companies, and 7th of 31 Commercial Vehicles & Machinery companies.
Source: JUST Capital (2020)
|Revenue||1.9 billion USD (2011)|
|Subsidiaries||Toro Australia Pty Ltd|
|Address||Bloomington, Minnesota, USA|