Techtronic Industries: A New Chapter in Sustainability

Techtronic Industries (TTI), a global leader in cordless power tools, outdoor power equipment, and floorcare, has taken a significant step towards enhancing its commitment to sustainability by joining the United Nations Global Compact (UNGC). This move aligns the company's sustainability strategy with the Ten Principles of the UNGC, focusing on human rights, labor, environment, and anti-corruption. By joining the UNGC, TTI is not only reaffirming its dedication to sustainability and social responsibility but also opening new avenues for attracting and retaining socially responsible investors.

TTI's decision to join the UNGC is a testament to its long-standing commitment to sustainable products and business practices. The company has been publishing ESG reports since 2015 and has aligned its goals and targets with the UN Sustainable Development Goals (SDGs) since 2018. By joining the UNGC, TTI is officially aligning its sustainability strategy with the Ten Principles, further strengthening its commitment to responsible business practices.

The UNGC's Ten Principles provide a robust framework for TTI to deepen its support for the UN's SDGs while fostering an inclusive and equitable workplace culture. By committing to the Ten Principles, TTI is pledging to respect human rights, uphold labor rights, adopt a precautionary approach to the environment, and combat corruption. This alignment with the UNGC's principles will help TTI attract and retain socially responsible investors who seek companies that balance financial performance with social and environmental responsibility.

TTI's commitment to energy efficiency and waste reduction is a key aspect of its sustainability efforts. The company's investments in research and development for energy-efficient power tools and outdoor equipment align strongly with the UNGC's environmental principles. By joining the UNGC, TTI is officially committing to Principles 7, 8, and 9, which emphasize a precautionary approach to environmental challenges, promoting greater environmental responsibility, and encouraging the development and diffusion of environmentally friendly technologies.

In addition to its commitment to the environment, TTI's support for human rights and labor standards in its supply chain reflects the UNGC's human rights and labor principles. By joining the UNGC, TTI is pledging to support and respect human rights, avoid complicity in abuses, uphold freedom of association, and eliminate forced labor, child labor, and discrimination. This commitment is evident in TTI's dedication to safety solutions, noise reduction, and supply chain traceability, as well as its efforts to foster an inclusive and equitable workplace culture.



TTI's anti-corruption measures and commitment to transparency also align with the UNGC's anti-corruption principle. The company's ESG reports, published annually since 2015, demonstrate a commitment to disclosing its progress and performance in areas such as governance and anti-corruption. TTI's strong ownership structure, with the Pudwill family as the largest shareholder, and institutional investors holding the remaining ownership, fosters a culture of integrity and accountability. The company's listing on the Hong Kong Stock Exchange and its status as a constituent stock of the Hang Seng Index further emphasize its commitment to transparency and good governance.

In conclusion, Techtronic Industries' decision to join the United Nations Global Compact is a significant step towards enhancing its commitment to sustainability and social responsibility. By aligning its sustainability strategy with the Ten Principles of the UNGC, TTI is not only reaffirming its dedication to responsible business practices but also opening new avenues for attracting and retaining socially responsible investors. As TTI continues to invest in energy efficiency, waste reduction, and responsible business practices, it is poised to become a leader in sustainable innovation and a strong choice for socially conscious investors.