Tennant Company Publishes 2024 (FY23) Sustainability Report
Highlights First Year of Reporting on New Sustainability Framework in a Record Year for the Company
“Our Thriving People. Healthy Planet. framework is rooted in our daily activity to integrate sustainability into every aspect of our business,” said President and CEO
Actioning Tennant’s Thriving People. Healthy Planet. Sustainability Framework: 2024 (FY23) Sustainability Report
Launched in 2023, Tennant’s sustainability framework defines the company’s material sustainability issues and outlines where it can drive the most meaningful impact for all stakeholders. The Thriving People. Healthy Planet. framework serves as the lens for the company to set goals, align plans, and continue our journey of integrating sustainability into our business.
The 2024 (FY23) report details the company's actions against its commitments across the two pillars, each targeting key impact areas where the company intends to drive progress. Tennant has made significant progress against its goals and ambitions. Highlights include:
-
We maintained progress toward our validated net-zero targets by:
- Reducing our Scope 1 and 2 (operations and fleet) greenhouse gas emissions by 13% compared to the 2021 base year.
- Sourcing 92% of our global electricity from renewable energy sources.
- Reducing our Scope 3 Category 11 (use of sold products) emissions by 8% compared to the 2021 base year.
-
We made strides in our DE&I journey:
- In 2023, 23.0% of leadership positions globally were held by women, an increase from the 2022 base year and on track toward our 2030 ambition.
-
In 2023, 25.4% of
U.S. employees identified as BIPOC (Black, Indigenous, People of Color), an increase from the 2022 base year and on track toward our 2030 ambition.
-
We invested over
$1.1 million to support the communities in which we operate through theTennant Foundation and corporate philanthropy. - In 2023, in partnership with our customers, our products enabled the cleaning of 9.7 trillion square feet of shared spaces.
Thriving People : BIPOC Ambition
With the launch of the 2023 (FY22) Sustainability Report, Tennant announced its ambition to increase women in leadership globally to 33% by the end of 2030. At the end of 2023, the company created a second ambition focused on increasing the percentage of
“Everyone has better outcomes when our business is inclusive and reflects the customers we serve,” said Senior Director of Sustainability and ESG
Progress against this work and Tennant’s other sustainability and ESG commitments are reported each year in the Company’s annual Sustainability Report. The full
Company Profile
Founded in 1870,
Forward-Looking Statements
Certain statements contained in this document are considered “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act. These statements do not relate to strictly historical or current facts and provide current expectations or forecasts of future events. Any such expectations or forecasts of future events are subject to a variety of factors. These include factors that affect all businesses operating in a global market as well as matters specific to us and the markets the Company serves. Particular risks and uncertainties presently facing it include: economic uncertainty throughout the world; geopolitical tensions or health epidemics; the Company's ability to comply with global laws and regulations; the Company's ability to adapt pricing to the competitive marketplace and customer pricing sensitivities; the competition in the Company's business; fluctuations in the cost, quality or availability of raw materials and purchased components; increasing cost pressures; unforeseen product liability claims or product quality issues; the Company's ability to attract, retain and develop key personnel and create effective succession planning strategies; the Company's ability to effectively develop and manage strategic planning and growth processes and the related operational plans; the Company's ability to successfully upgrade and evolve its information technology systems; the Company's ability to successfully protect our information technology systems from cybersecurity risks; the occurrence of a significant business interruption; the Company's ability to maintain the health and safety of its workers; the Company's ability to integrate acquisitions; and the Company's ability to develop and commercialize new innovative products and services.
The Company cautions that forward-looking statements must be considered carefully and that actual results may differ in material ways due to risks and uncertainties both known and unknown. Information about factors that could materially affect the Company's results can be found in its 2023 Form 10-K. Shareholders, potential investors and other readers are urged to consider these factors in evaluating forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements.
The Company undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. Investors are advised to consult any further disclosures by the Company in its filings with the
View source version on businesswire.com: https://www.businesswire.com/news/home/20240627052592/en/
INVESTOR RELATIONS CONTACT:
Vice President, Finance and Investor Relations
investors@tennantco.com
763-540-1242
MEDIA CONTACTS:
Director, Corporate Communications
jason.peterson@tennantco.com
763-513-1849
Source: