It also creates floor surface coatings for cleaning and protecting a variety of settings, such as factories, office buildings, parking lots, and streets. Tennant recognizes the opportunities inherent in addressing environmental issues in its business operations and its product offerings. The company has developed a long-term environmental management roadmap using The Natural Step framework as a guide. As part of this process, the company studies the life-cycle impacts of its products and services and make changes to reduce impacts where opportunities exist. It has also introduced Green Seal-certified cleaning agents, and its ec-H2O cleaning machine technology utilizes only water and requires no added chemicals.
Portfolio 21 anticipates Tennant’s environmental commitment will increase the demand for its products as consumers become better educated about the benefits of cleaning products with lower impact on personal health and the environment. Using Tennant’s roadmap as a guide, Portfolio 21 has asked the company to continue to implement changes in product development in order to reduce dependence on raw materials that may cause the greatest environmental liabilities.
To the best of our knowledge the above information is accurate and was obtained from sources we believe to be reliable. Neither the information presented above nor any opinion expressed shall be construed as an offer to sell or a solicitation to buy the security. The views expressed are those of portfolio management as of 1/31/13 and may not reflect current opinions or subsequent events.