ENVIRONMENTAL, SOCIAL, AND GOVERNANCE REPORT 2025

Executive Vice Chairman’s Message

Vice Chairman Stephan Horst Pudwill
“We are committed to advancing sustainable innovation by delivering powerful, efficient, and safe solutions that meet customer needs while reducing environmental impact.”
Stephan Horst Pudwill
Executive Vice Chairman

REPORT HIGHLIGHTS

ABOUT OUR BUSINESS

Techtronic Industries Company Limited (“TTI”, or the “Company”), founded in 1985 by German entrepreneur Horst Julius Pudwill, is a world leader in cordless technology. As a pioneer in Power Tools, Outdoor Power Equipment, Floorcare and Cleaning Products, TTI serves professional, industrial, Do It Yourself (DIY), and consumer markets worldwide. With more than 48,000 employees globally, the company’s relentless focus on innovation and strategic growth has established its leading position in the industries it serves.

MILWAUKEE is at the forefront of TTI’s professional tool portfolio. With global research and development headquartered in Brookfield, Wisconsin, the historic MILWAUKEE brand is renowned for driving innovation, safety, and jobsite productivity worldwide. The RYOBI brand, headquartered in Greenville, South Carolina, remains the top choice for DIYers and continues to set the standard in DIY tool innovation. TTI’s diverse brand portfolio also includes trusted brands like AEG, EMPIRE, HOMELITE, and leading floorcare names HOOVER, ORECK, VAX, and DIRT DEVIL.

TTI’s international recognition and renowned brand portfolio are supported by a strong ownership structure that underscores the company’s global reach and stability. The Pudwill family remains the company’s largest shareholder, with the remaining ownership held largely by institutional investors at North American and European-owned firms. TTI is publicly traded on the Hong Kong Stock Exchange and is a constituent stock of the Hang Seng Index, operating globally with a strong commitment to environmental, social, and corporate governance standards.

TTI Consumer Power Tools Brand Portfolio including MILWAUKEE, RYOBI, AEG, and other brands
Powerful Equipment

Powerful Equipment

Outdoor Power Equipment

Outdoor Power Equipment

Floorcare & Cleaning

Floorcare & Cleaning

Global sales distribution map
Sales by Business
94.7%
Power Equipment
Total Sales
US$15.3
billion
5.3%
Floorcare & Cleaning
Sales by Region
North America
75.0%
US$11,441 million
Europe
17.2%
US$2,630 million
ROW
7.8%
US$1,189 million

TTI’S ESG APPROACH AND STRATEGIC FRAMEWORK

Sustainability is embedded within TTI’s strategic framework, guiding responsible decisions that drive operational excellence and long-term stakeholder value. Our ESG approach is built around four strategic drivers: Powerful Brands, Innovative Products, Exceptional People, and Operational Excellence. Together, these pillars support responsible growth while reinforcing our long-term success and resilience.