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Toro Australia

OVERALL

Owned
USA
Rating
Criticism, some praise

Irrigation equipment and mowers

Toro's Australian operations started over 40 years ago.

Company Ownership

Toro Australia Pty Ltd   AUS     website   email      
  The Toro Company   
   owns 100% of Toro Australia Pty Ltd  
USA     website   email      

Irrigation equipment and mowers

Founded in 1914.

> About the Ratings

Company Assessment

PRAISE CRITICISM INFORMATION
Toro Australia Pty Ltd
Environment Australian Packaging Covenant signatory
Signatory to the Australian Packaging Covenant, a voluntary agreement to encourage waste minimisation.
Source: Australian Packaging Covenant (2020)
The Toro Company
Business Ethics 12/100 S&P Global ESG Score
This company received an S&P Global ESG Score of 12/100 in the Machinery and Electrical Equipment category of the 2019 SAM Corporate Sustainability Assessment, an annual evaluation of companies' sustainability practices. 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 (2019)
Social Misleading advertising
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)
Business Ethics CEO Pay Ratio of 109:1
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)
Business Ethics Toro Giving Program
Toro donates at least two percent of its domestic pre-tax earnings to its communities each year.
Source: company website (2012)
Business Ethics Responsible Minerals Initiative member
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)
Business Ethics 53.2% at JUST Capital
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)

> About the Icons

Company Details

Type Wholly-owned subsidiary

Contact Details

Address 53 Howards Rd, Beverley, SA, 5009, Australia
Phone 08 8300 3633
Fax 08 8243 2940
Email info.au@toro.com
Website www.toro.com.au

Products / Brands

Toro Australia
Gardenmate Garden Care
Pope Garden Care


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