Tennant Co

Lobbying Governance

AI Extracted Evidence Snippet Source

The Board of Directors of Tennant Company appoints the Governance Committee members, one of the four committees that comprise the Board. The Governance Committee is responsible for proposing composition and leadership for the Board of Directors and ensuring the Board understands and compiles with new corporate governance laws, regulations, and policies. The Committee also oversees the Company's sustainability programs, policies, and practices, including environmental, social, and corporate governance (ESG). [...] The Governance Committee meets four times per year. One meeting is dedicated to an annual update from the Director of Sustainability & ESG on progress toward sustainability and ESG targets. There is always the potential to discuss pressing matters as they come up. Additionally, the Governance Committee reviews the annual Sustainability Report. [...] The Senior Management Team (SMT), consisting of C-Suite leaders, is responsible for sustainability and ESG performance and strategy. This group assigns enterprise accountability and allocates resources to implement sustainability and ESG strategies. [...] The Sustainability team, led by the Director of Sustainability & ESG, is responsible for helping define the enterprise sustainability and ESG agenda, prioritize issues, and impact. The team provides dedicated oversight of strategy, initiatives, and goals. The team collaborates with stakeholders to enable enterprise integration and progress.

https://investors.tennantco.com/files/doc_downloads/sustainability/2023/2023-fy22-sustainability-report.pdf

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]Engagement activities are governed by Tennant Company's internal policy titled Political Contributions and Public Policy Activities. This policy specifically states that the Company engages only "in public policy activities where there are legal and support issues that directly affect our business objectives and protect or enhance the interests of our stakeholders.†

The Company's current sustainability strategy, which includes climate-related issues, included a materiality assessment that identified and prioritized environmental, social, governance issues and opportunities based on our business objectives as well as the interests of our stakeholders.

In addition to this policy, another consideration for engagement activities is whether the organization's mission is consistent with our vision, business strategies, and stewardship guiding principle, which is as follows: "we will use our core value of stewardship to guide our actions. We are accountable to our colleagues, customers, investors, and communities. We care for one another and work together for our mutual safety." Additionally, the organization is evaluated to see if it is focused on sustainability issues, including climate change. These considerations in our engagement process have led us to partner with many organizations that educate and advocate for responsible energy and resource use and other changes which benefit the environment.

CDP Questionnaire Response 2022