202 4 (F Y23) S U STA I N A B I LIT Y R E P O R T

Table of contents
05

03 Our leadership

18

31

47

18 Thriving People

31 Healthy Planet

Employee successClimate & energy

Ethics & integrity	Message from our Senior Directorof Sustainability & ESG

Health & safety

Our commitment to net-zero by 2040

Our suppliers

Well-being & development

Greenhouse gas (GHG) emissions

05 About Tennant Company

Diversity, equity, & inclusion

Renewable energy

50 About this report

Our brands & markets

Gender & equitable pay

Fleet emissions

Our products

Social impact

Value chain emissions

Recognition

Human rights

Water & chemical use

Global footprint

Investing in our communities

Establishing baselines

Shared spaces

Circular products & waste

Delivering on our purpose

Circular products

Message from our CEO

08 Sustainability at Tennant
	Integrating sustainability
Thriving People. Healthy Planet.
Materiality
Sustainability governance

14 Measuring our progress hriving People. Healthy Planet.
T
progress report	Accelerating the adoptionof robotic cleaning
ISO 9001 & 14001 certification
IPC carbon footprint analyses
Waste

47 Governance

Scope
Structure
Stakeholder engagement
UN Sustainable Development Goals
	Environmental, social, andgovernance (ESG) metrics
Forward-looking statements

58 IndexOur leadership | About Tennant | Sustainability | Measuring progress | Thriving People | Healthy Planet | Governance | About this report | Index

Our leadership

Thriving People.
We know that when our business is inclusive and reflects
the communities where we operate and the customers
we serve, everyone has better outcomes. That’s why wehave set meaningful ambitions grounded in inclusivity:
we aspire to increase the representation of womenin leadership positions globally to 33% by the endof 2030, and increase the representation of U.S.
employees identifying as BIPOC (Black, Indigenous,
People of Color) to 30% over the same timeframe.

Message from our CEO
2023 was a record year for Tennant Company.
In addition to our financial results, I am proud tohighlight the significant progress we have made in oursustainability journey. Over our 150+ year history, Tennant
has a strong legacy of stewardship; and now, we haverefined that commitment into a structured approach todefine and deliver meaningful results against specificsustainability targets. The Thriving People. Healthy
Planet. framework that we activated in 2023 details
our bold future targets and outlines our approachto embedding sustainability into the fabric of daily
operations at Tennant. This 2024 (FY23) Sustainability
Report demonstrates the progress we are making.

3

Our investments in an inclusive workplace support our
ambitions: we have established diversity, equity, andinclusion (DE&I) training for leaders and developed thestructured ways we support our employee resourcegroups (ERGs), which create spaces for our employees
to connect, share their knowledge and experience,
and amplify their voices. Our global DE&I Council,
launched last year and comprised of employees fromacross our business functions, geographic regions
and diverse populations, will also play a vital role inadvancing our DE&I initiatives worldwide.

Healthy Planet.
We know that we share in the responsibility to
improve our environment and address global climate
challenges. We are partnering with our customers
to drive innovation across our business and throughour products, helping them reach their sustainability
goals, and contributing to our own bold goals. We areleading the way in the cleaning equipment industry

with our net-zero by 2040 targets that were approvedby the Science Based Targets initiative (SBTi).
To continue our journey to improve the circularity of our
products and offer sustainable solutions that help ourcustomers clean spaces more effectively and efficiently,
we’ve identified five themes where we can drive themost impact. Our product development and engineering
teams are integrating these themes into their processes.

Looking ahead
In this important work, we know that we are wellaligned with our customers, employees, andstakeholders in our efforts to drive positive change
and create shared value. Our Thriving People. Healthy
Planet. framework aligns our business strategy
with the principles of sustainability and promotes
accountability for the delivery of targets across ourbusiness. Our commitment to sustainability at Tennant
is steadfast, and it is an investment in our future.
A sincere thank you to our employees, customers,
suppliers, and shareholders for your support and sharedinterest in our bold goals. Together, we are building amore sustainable future for generations to come.
Sincerely,  David W. Huml
President and CEO of Tennant Company

Our leadership | About Tennant | Sustainability | Measuring progress | Thriving People | Healthy Planet | Governance | About this report | Index

4

Message from our Senior Director of Sustainability & ESG
comes to life in the benefits delivered to collective
and shared spaces when a Tennant product provides
a differentiated type of clean.
At Tennant, sustainability is inspired by our vision tocreate a cleaner, safer, healthier world – and it sits
at the intersection of our operations, products, andcustomers’ needs.

As a global community, we are at a criticaljuncture that requires leadership from businesses,
governments, civil society, and others to drive thesystemic change needed to address our collective
global challenges.
At Tennant, that leadership is not new. We’ve beenat this work for a long time, as evidenced by ourcommitment to stewardship and our technologies
that require less detergent, use less water, andimprove the experience for the operator. This all

In 2023, we launched our Thriving People. Healthy
Planet. sustainability framework. The framework isrooted in the efforts we make every day to enable ourvision and serves as the lens for the company to set
goals, align plans, and integrate sustainability acrossour business.

we are enabling business performance, setting ourown goals that drive efficiencies and innovation
across our business, and delivering solutions thatsolve the challenges we hear about from ourcustomers, supporting them at every stage of theirsustainability journey.
This work allows us to have a broader impact andaffect change on the global issues we are uniquely
positioned to contribute solutions to.
We know Tennant’s impact is amplified when we
work with others, sharing knowledge and resources
to strengthen our collective action toward a moresustainable future.

Over the course of 2023, we began implementing andactivating this framework, integrating it across our
corporate strategy, Elevate, setting bold goals, anddriving performance. Information about how we areembedding sustainability across how we think, plan,and operate at Tennant is found in this report.

Join us as we work together to create a cleaner, safer,
healthier world so all may thrive.

We recognize our unique opportunity – andresponsibility – to create sustainable value forour business, customers, and society. In doing so,

Reilly Goodwin
Sr. Director of Sustainability and ESG& Vice President, Tennant Foundation

Sincerely,Our leadership | About Tennant | Sustainability | Measuring progress | Thriving People | Healthy Planet | Governance | About this report | Index

5

About Tennant Company
George H. Tennant began his business in Minnesota
in 1870, originally operating a sawmill on the banksof the Mississippi River in Minneapolis. He quickly
transitioned to making wooden flooring for houses
and businesses in the growing metropolitan area. The
Company reached a turning point in the 1930s whenleaders recognized the potential in a newly patented
device that automated laborious floor maintenancetasks and began to focus the business on floor care.
Today, Tennant Company, headquartered in Eden
Prairie, Minnesota, is a world leader in designing,
manufacturing, and marketing sustainable cleaning

innovations that empower our customers to create acleaner, safer, and healthier world.
For more than 150 years, our products have cleaned
shared spaces around the world, from retailestablishments and grocery stores to airports,
factories and warehouses, and from arenas andstadiums, office buildings, schools, and universities,
to hospitals and clinics, and more. Throughout ourhistory, we have focused on advancing our industry
by pursuing new technologies, creating a culture thatcelebrates innovation, and investing in our productportfolio to deliver value to our customers and drive

profitable growth for our shareholders. Our innovations
and technologies deliver high-performance solutions
and allow our customers to clean more sustainably
through autonomous operation and reduced energy,
water, and chemical use.

Our leadership | About Tennant | Sustainability | Measuring progress | Thriving People | Healthy Planet | Governance | About this report | Index

6

Our brands & markets

Our products

Recognition

Our family of brands helps create healthy, safe, andclean shared spaces for the people and places in ourcustomers’ care.

We offer products and solutions consisting of
mechanized cleaning equipment for both industrial
and commercial use, detergent-free and othersustainable cleaning technologies, aftermarket
parts and consumables, equipment maintenanceand repair services, and business solutions suchas financing, rental and leasing programs,
and machine-to-machine asset management
solutions. We are committed to developing cleaning
technologies, including robotic solutions, which
increase cleaning productivity. Our product andsolution categories include:

We continue to be recognized and awarded for ourwork across the breadth of our business.

• Arenas & stadiums• Automotive• Aviation &transportation• Building service
contractors• Education• Electronics• Food & beverage• Government• Healthcare• Hospitality• Logistics & warehouse• Manufacturing• Mining• Municipalities• Pharmaceutical• Retail• Scrubbers• Sweepers• Sweeper-Scrubbers• Extractors• Burnishers & Floor
Machines• Vacuums• Pressure Washers• Autonomous Mobile
Robot (AMR) Machines• Specialty Cleaning
Equipment• Pre-Owned Machines• Cleaning Tools• Parts• Service• 2023 America’s Most Responsible Companies
by Newsweek recognition• Leading our industry with net-zero by 2040 targets,
approved by the Science Based Targets initiative (SBTi)• Received our sixth consecutive A-,
Leadership level designation fromthe CDP Climate Change program• 2023 Honor Roll Company by
St. Catherine University and Twin
Cities Business for our achievementof the number of women in seniorleadership roles and on our Board of Directors• 2023 Good Design Award for the IPC PW-H101, a hotwater high-pressure washer with technology that
reduces the amount of fuel, electricity, and detergent
needed for cleaning

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Our leadership | About Tennant | Sustainability | Measuring progress | Thriving People | Healthy Planet | Governance | About this report | Index

Global footprint

Employees by region

As of December 31, 2023, Tennant Company sells products directly in 15
countries and through distributors in more than 100 countries. We have 11
global manufacturing locations and operations in the Americas, Europe,
the Middle East, Africa (EMEA), and Asia Pacific (APAC).

AMERICAS

EMEA

APAC

2,349 1,641 467

Employees worldwide**AS OF DECEMBER 31, 2023

4,457

UDEN,
NETHERLANDS
Distribution Center &Manufacturing: Tennant

EDEN PRAIRIE,MINNESOTA, USA

YOKOHAMA,JAPANWorld Headquarters
Manufacturing: Tennant

Japan Sales
Headquarters

LOUISVILLE, KENTUCKY, USA
Distribution &Brush Manufacturing

SHANGHAI, CHINA

VENICE,ITALY

AGUASCALIENTES,MEXICOANTWERP,BELGIUM

Sales & Service

HOLLAND,MICHIGAN, USA
Manufacturing:
Tennant & Nobles

LIMEIRA,BRAZIL

EMEA
Headquarters

APAC Headquarters
Manufacturing:
Gaomei, Rongen, & Tennant

IPC Global
Manufacturing:
IPC Euromop, Gansow,
Portotecnia, Pulex, &Soteco factories

Manufacturing:
Alfa & Tennant

SYDNEY,
AUSTRALIA
Australia Sales &Service Headquarters

Our leadership | About Tennant | Sustainability | Measuring progress | Thriving People | Healthy Planet | Governance | About this report | Index

Sustainability at Tennant
We are at an important juncture in creating positive business, societal, andenvironmental outcomes. This is not new for Tennant; we have been improving
our collective spaces for decades with the core principle of stewardship in mind.
We have a legacy of investing in technologies that require less detergent, useless water, improve the experience for the operation, and delivering against ourcustomers’ needs. All to create cleaner, safer, and healthier spaces.
Today, we are tackling issues like climate change and circularity, creating an
inclusive and diverse workplace, and investing in our communities – all while
increasing our leadership and rigor in reporting our progress and complying withthe growing body of regulations in the space. But even more, we are creating
value for our customers by delivering solutions that help them reach their goals,
cementing our leadership, and being the kind of partner they want to work with.

8

Photo by Malisa Lieser, Tennant employee

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Our leadership | About Tennant | Sustainability | Measuring progress | Thriving People | Healthy Planet | Governance | About this report | Index
SUSTAINABILITYAT TENNANT

Integrating sustainability
across our businessIn 2023, Tennant launched a new enterprise strategy
guided by our strategic intent to elevate our industry
leadership by focusing on key innovations, acquiring newcustomers, and investing in our business infrastructure
and teams. The new strategy, Elevate, is centered on
three strategic pillars: Growth, Performance, and People.
Our Growth pillar will target differentiated organicand inorganic growth and expanded profit margins.
Our Performance pillar will focus on how we’retransforming the business by modernizing our• Pricing excellencebusiness processes and data systems and embedding
our Thriving People. Healthy Planet. sustainability
framework into how we work across the enterprise.
We recognize that global challenges are accelerating,and our stakeholders’ expectations for Tennant’s
products and how we operate our businessare growing. By centering sustainability in our
Performance pillar, we embark on a journey tointegrate sustainability more deeply across how wethink, plan, and operate our business. This includes
how we partner with our customers as we build
products and services that solve their cleaning
challenges while also helping them achieve their• Product innovation• Enterprise resource
planning• New channels & markets• Sustainability• New business models• Strategic acquisitions

9sustainability goals. This integration allows Tennant
to help address rising global challenges and meet
our stakeholders’ growing expectations aroundsustainability and environmental, social, andgovernance (ESG), maintain our leadership position
within our industry, and build resilience by futureproofing our business in an ever-changing world.
Our People pillar will prioritize how we attract anddevelop the best talent. People are the heart of ourbusiness. Our investment in employees will allow us
to drive change and deliver exceptional products
and services to our customers and achieve ourgrowth and performance goals.

• Employee value
proposition

Our leadership | About Tennant | Sustainability | Measuring progress | Thriving People | Healthy Planet | Governance | About this report | Index

10

sustainability framework
Our Thriving People. Healthy Planet. framework provides the lens through which we can set goals, align plans, and integrate sustainability across our business – enabling
performance. The framework is centered on two pillars: Thriving People and Healthy Planet. It encompasses six impact areas where we know we can create change –because our business cannot be successful without a healthy planet and thriving people.

We recognize our unique opportunity, and our responsibility, to drive positive change in six impact areas while creating sustainable value for our business,
our customers, and society. This framework provides the lens for our company to set our goals, align our plans, and integrate sustainability into our business.
We believe that by working toward ambitious commitments together with our stakeholders, we can help people thrive and contribute to a healthier planet.

Employee success – Ensure the health, safety,
well-being, and development of all our employees,
and continually support diversity, equity, andinclusion in our company.

I M PA C T
AREASSocial impact – Help to improve the lives ofpeople we engage with outside of our company,
including the workers in our supply chain, theoperators who use our products, and the local
communities where we operate.

Water & chemical use – Improve water stewardshipin our operations and continually strive to design
products that require fewer cleaning chemicals andreduce water use while cleaning.

Shared spaces – Partner with our customers andother stakeholders as we reinvent how the world
cleans to enhance the health, safety, andwell-being for all who use and rely on
our collective and shared spaces.

Driving innovationin our products& services

Collaboratingwith our customers to
help them achieve theirsustainability goals

Climate & energy – Contribute to global decarbonizationby achieving net-zero GHG emissions in our operations
and reducing emissions in our supply chain. Increase
our product energy efficiency and offer our customers
solutions that will eliminate GHG emissions from theuse of our products.

Circular products & waste – Design our products
to enhance the ability to repair, replace parts,
and recover materials, alongside services andmanufacturing processes that reduce waste andhelp close the loop on the lifecycle of our products.
Integrating sustainability
into our business
operations, manufacturing& supply chain

Engaging employees,
stakeholders,and communities todeliver shared value

Strategically investing
to unlock value
from sustainability
opportunities

Our leadership | About Tennant | Sustainability | Measuring progress | Thriving People | Healthy Planet | Governance | About this report | Index

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Materiality
Our most recent materiality assessment was completed in 2022. To ensure that our strategy and reporting are aligned to the most material sustainability and environmental,social, and governance (ESG) issues, we engaged internal and external stakeholders, including our customers, employees, investors, and non-governmental organizations, aswell as an external partner to help facilitate this process.
Our 2022 materiality analysis followed four phases:
1. Issues identification: We utilized a wide
range of data sources to identify andassess the impact of all the potential
issues relevant to our business. We
used sources that identified today’s
issues and provided leading indicatorsof emerging issues and issues that will
increase in importance over the next
five to ten years.

2. Primary stakeholder research: We
engaged internal and external
stakeholders to understand theirperspectives on how Tennant
Company can continue to leadin sustainability and where they
believe we have the opportunity toengage and drive impact across ourvalue chain.

3. Stakeholder validation: A diverse
group of stakeholders was engaged
to validate the assessment of thefinancial impact of issues deemedmaterial on the business. This group
included our Senior Management
Team, Board of Directors GovernanceCommittee members, customers,
and investors.

4. Interconnected materiality issues
reporting: The issue identification,
stakeholder research, and validation
phases produced the finalizedmaterial issues prioritization. Our
external partner further evaluatedmaterial topics and their definitions
to reduce bias and produced amateriality map (Figure 1).

Photo by Sarah Mauragis, Tennant employee

Our leadership | About Tennant | Sustainability | Measuring progress | Thriving People | Healthy Planet | Governance | About this report | Index

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Figure 1

Materiality matrix

GHG emissions

Product design
lifecycle management

Product
energy use
Chemical use& management
Employee diversity,
equity & inclusion

Environmental / societal impact

Energy use &management
Water & wastewater
management
Hazardous
materials waste

Health & safety inthe supply chain

Non-hazardous waste
management
Biodiversity &land use

Materials sourcing& efficiency

Human & labor rights
in the supply chain
Labor relationsin own operations

Healthy sharedspacesEmployee health,safety & well-being
Supply chain
management

Product &operator safety

Employee attraction,
engagement &development
Sustainability &ESG integration
Ethics, governance& transparency
Data security& privacy

Productwater use

Community impact
Transportation & vehicle fleet

Brand valuesalignment

Physical impact of climate change
Social & economic factors

Business impact

Insights collected throughout the process were used
to clearly understand the dynamic and interrelated
nature of material issues, including dependencies
and outcomes. This stage is critical for strategy
development. In assessing the interconnected natureof the material issues we identified, several key themes
emerged, which are integrated into our Thriving
People. Healthy Planet. sustainability framework.
In preparation for the European Union’s Corporate
Sustainability Reporting Directive (EU CSRD), we
incorporated the concept of double materiality.
As such, we evaluated the potential impact ofenvironmental and social issues on Tennant’s
financial performance and value (financial
materiality or “impact inwards”) and the impact ofTennant’s activities on people and the environment(environmental & social materiality or “impact
outwards”). Since completing this assessment, theEuropean Financial Reporting Advisory Group(EFRAG) has published materiality assessment andimplementation guidance.
In 2024, we will continue to enhance our double
materiality assessment and approach, using thisguidance to prepare for sustainability and ESG
reporting regulations. Results from this assessment will
be available in our 2025 (FY 2024) Sustainability Report.

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Our leadership | About Tennant | Sustainability | Measuring progress | Thriving People | Healthy Planet | Governance | About this report | Index
SUSTAINABILITYAT TENNANT

Sustainability governanceIn 2023, we initiated the integration of our Thriving
People. Healthy Planet. sustainability framework,
including enhancing and expanding our sustainability& ESG governance structure to ensure cross-functional
management support.
The Tennant Company Board of Directors appoints
the Audit Committee and Governance Committee
members, two of the four committees that comprise
the Board. The Audit Committee assists the Board’s
oversight of the Company’s compliance with current
and emerging legal and regulatory requirements.
The Governance Committee assists with identifying
qualified candidates to serve on the Board, thecomposition of the Board and its committees, anddeveloping and recommending to the Board theCompany’s governance principles and practices. The
Committee also oversees the Company’s activationof our Thriving People. Healthy Planet. framework,
including the programs, policies, and practices under
the six impact areas and other environmental, social,and corporate governance (ESG) topics.
The Governance Committee meets four times per
year. One meeting is dedicated to an annual updatefrom the Senior Director of Sustainability & ESG on
progress toward targets as outlined in the Thriving
People. Healthy Planet. progress report. However,there is always the potential for additional meetings
to discuss pressing matters as they arise. Additionally,

the Governance Committee reviews the annual
Sustainability Report.
The Senior Management Team (SMT), consisting ofTennant’s C-Suite leaders, is responsible for sustainability
and ESG performance and strategy, including thebold goals we have and will set under our Thriving
People. Healthy Planet. framework. This group assigns
enterprise accountability, integrates sustainability into
our overall business strategy, and allocates resources
to the impact area workstream teams.
In 2023, the Sustainability team, led by the SeniorDirector of Sustainability & ESG, established
Figure 2

workstream teams to implement the initiatives andambitions outlined in the six impact areas of oursustainability framework (Figure 2). The workstream
teams are comprised of representatives from essential
business functions who are tasked with developing andimplementing strategies to help Tennant achieve thegoals that we have and will continue to set. Throughout
2023, each workstream team, in partnership with theirsustainability business partner and VP-level executive
sponsor, built roadmaps, identified milestones, andaligned on key performance indicators. Progressagainst each workstream plan is tracked via thegovernance of our Elevate enterprise strategy.

Thriving People. Healthy Planet. framework activation & operating model
Senior Management Team (SMT)SMT Leader

Executive Sponsor

Sustainability & ESG Team (PMO)
Impact area workstream teams

Net-Zero(Scope 3)

Net-Zero(Scopes 1 & 2)

Products,
Sustainability& Circularity

Waste

Water

Employee
Success &DE&I

SocialImpactSharedSpacesCommunications
Reporting, Disclosure, Compliance & Governance

EthicsSupplier ESG
Engagement

Our leadership | About Tennant | Sustainability | Measuring progress | Thriving People | Healthy Planet | Governance | About this report | Index

Measuring our progress
Sharing our progress is an integral part of our new framework.
This report and the following sections will provide in-depth
information on the two pillars and six impact areas, including
updates on our goals, established targets, and upcoming key
milestones so our stakeholders can track our progress.
The following reflects activities and initiatives that occurred during
the 2023 fiscal year (January 1, 2023 – December 31, 2023).
Additional details can be found throughout this report.

“At Tennant Company, we prefer tolead and we’re big on commitments.
We’re charting a course to continue
leading the way for the next 150 years,
leaving spaces and places — and theplanet — better than we found them.”
Dave Huml, President & CEO

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Our leadership | About Tennant | Sustainability | Measuring progress | Thriving People | Healthy Planet | Governance | About this report | Index

15

progress report

Shared spaces

Social impact

Employee success

Ambition

2023

Unit of measure

StatusDescription of annual progress toward ambition

On track

In 2023, 23.0% of leadership positions globally were held by
women, an increase from the 2022 base year. We saw positive
impact from some of our retention efforts, continued to invest in
our women’s ERG, and drove global inclusion work throughout
the organization.

StatusDescription of annual progress toward ambition

On track

In 2023, 25.4% of employees in the U.S. identified as BIPOC, an
increase from the 2022 base year. We saw progress in hiring
U.S. BIPOC employees and continued to focus on retention,
including launching a BIPOC ERG in 2024. We also partneredwith our DE&I Council and a consulting firm to further develop
our inclusion journey.

StatusDescription of annual progress toward goal

USD, includes the sum of
employee gift matching, grant
disbursements, scholarshipprogram, and equipment andinventory donations

On track

In 2023, Tennant Company donated over $1.1M USD to support
the communities in which we operate, which exceeded our 2%of pre-tax U.S. 2022 earnings target.

2023

Unit of measure

StatusDescription of annual progress toward goal

9.7

Trillion squared feet ofshared spaces

On track

In 2023, Tennant Company products enabled the cleaningof 9.7 trillion square feet of shared spaces in partnership withour customers.

Increase the representation of
women in leadership positions
globally to 33% by the end of 2030

23.0%

Percent of employees who identify
as women in a manager-level
and/or above position

Ambition

2023

Unit of measure

Increase the representation of
BIPOC employees in the U.S. to
30% by the end of 2030

25.4%

Percent of employees locatedin the U.S. who identify as
BIPOC (Black, Indigenous,
People of Color)

Goal

2023

Unit of measure

Tennant Company commits todonating at least 2% of pre-tax U.S.
earnings across the communities
in which we operate

Goal

To enable the cleaning of
63.5 trillion squared feet acrossour shared spaces by 2030

$1,130,958

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16

progress report
Achieve net-zero greenhouse gas emissions across scopes 1, 2 and 3* by 2040

Climate & energy

Goal

2023

Unit of measure

StatusDescription of annual progress toward goal

-13%

Percent change of Scope 1 and 2(market-based) GHG emissions
compared to 2021 base year

On track

In 2023, emissions from our operations and fleet decreased
compared to the 2021 base year through a combination ofincreased renewable energy production and implementing
various energy efficiency activities.

Reduce Scope 1 & 2 GHG
emissions 45% by 2030
Goal

2023

Unit of measure

StatusDescription of annual progress toward goal

Source 100% of electricity fromrenewable sources across all
global facilities by 2030

92%

Percentage of global electricity
sourced from renewable energy

On track

In 2023, our renewable energy portfolio increased because 2023
was the first full year of operation for the on-site solar panels at
our manufacturing plants in Brazil.

Goal

2023

Unit of measure

StatusDescription of annual progress toward goal

Reduce emissions from ourglobal fleet by 40% by 2030

-8%

Percent change of emissions
from global fleet compared to2021 base year

On track

In 2023, emissions from our vehicle fleet decreased comparedto the 2021 base year. We established a global fleet emissions
reduction group and began developing and implementing
strategies to reduce fleet emissions.

Goal

2023

Unit of measure

StatusDescription of annual progress toward goal

-8%

Percent change of emissions
from the use of sold products
compared to 2021 base year

On track

In 2023, emissions from the use of our sold products decreased
compared to the 2021 base year due to the increasing demand
from customers for electric machines and the decarbonization ofelectrical grids globally.

Reduce Scope 3, category 11
use of sold products emissions
45% by 2030

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17

Circular products & waste

Water & chemical use

progress report
Goal

2023

Unit of measure

StatusEstablish water baselines for our
manufacturing facilities——

2024 launch

Goal

2023

Unit of measure

StatusEmbed five sustainability themes
into product line strategies andthe new product development
process to help our customers
achieve their sustainability goals——

2024 launch

Goal

2023

Unit of measure

StatusComplete life-cycle assessmentsof our products——2024 launch

Goal

2023

Unit of measure

StatusEstablish waste baselines forour manufacturing facilities——

2024 launchDescription of annual progress toward goal
In 2024, in collaboration with global facilitates and operations
teams, we will develop and implement a process forcollecting water consumption data to establish baselines.
We plan to establish a water baseline for at least three ofour manufacturing facilities.

Description of annual progress toward goal
In 2023, we established a product sustainability workgroup whichprioritized embedding our net-zero targets with our product line
strategies. In 2024, this group is working to enhance our new
product development process, including incorporating the five
most common themes of customer inquiries as they seek partners
to help them achieve their sustainability goals.

Description of annual progress toward goal
In 2024, we will conduct two ISO-compliant life-cycle assessmentsfor our customers to better understand the life-cycle impact ofour products. These assessments will also identify opportunities tosignificantly reduce the life-cycle emissions of our products andinform our product design and development processes.

Description of annual progress toward goal
In 2024, in collaboration with global facilitates and operations teams,
we will develop and implement a process for collecting waste generated
and diversion data to establish a baseline. We plan to establish awater baseline for at least five of our manufacturing facilities.

Our leadership | About Tennant | Sustainability | Measuring progress | Thriving People | Healthy Planet | Governance | About this report | Index

Thriving People
Our success as a business relies on people – our employees, ourcustomers, our partners, and our communities.
Our Thriving People. pillar addresses areas where we can positively
impact these stakeholders and our collective shared spaces throughour products and way of working while helping our customers solve
their cleaning challenges. Within this pillar, we focus on three impact
areas: employee success, social impact, and shared spaces.

Our Thriving People. pillar contributes to these
United Nations Sustainable Development Goals (UN SDGs):

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Impact area: employee success
Our employees are the heart of our business; without them, we would
not be who we are today. We are committed to employee success,creating a safe, inclusive workplace where our people can findmeaningful work. Across our business, we aim to ensure the health,safety, well-being, and development of all our employees and a diverse,
equitable, and inclusive workplace.

Health & safety
Employee safety is essential to Tennant Company. We introduced our
global Safety Operating Model in 2019 and have been integrating asafety culture across the organization since. We prioritize the health andsafety of all employees and work diligently to meet and exceed regulatory
standards as applicable at each of our facilities. Tennant employees are
empowered to stop work anytime there is a potential hazard identified.
Each site maintains public and confidential ways for employees to raisesafety concerns to ensure employees feel supported in filing reports.
In alignment with best management practices, we publicly report our
global total recordable incident rate and our global days away, rest,
and transfer rate (Table 1). We track these metrics, along with otherkey performance indicators, to measure the progress of our safety
programs, focusing on continuous improvement to proactively identify
hazards in our work environments and prevent injuries before they occur.

Table 1

Safety metrics

Safety TRIR
(total recordable
incident rate)

DART (daysaway, rest, andtransfer) rate

2023

2022

2021

2020

2019

2018

2017

Operations

1.41

1.19

1.83

2.48

4.48

5.18

6.29

NA TSSC*

2.49

1.46

1.9

1.33

1.88

2.69

6.5

Operations

0.77

0.5**

0.7

1.55

3.58

4.07

3.52

NA TSSC*

1.97

1.05

0.95

0.77

1.44

2.07

4.66

*Tennant Sales and Service Company**Reference GRI disclosure 2-4 for restatement information

Our leadership | About Tennant | Sustainability | Measuring progress | Thriving People | Healthy Planet | Governance | About this report | Index

Since the beginning of 2019, our injury numbers have decreased steadily overtime with proper accident investigation and containment. However, in 2023, we
saw a slight increase due to more employee hours being worked when compared
to previous years (Table 1). Tennant Company is committed to creating a safe
working environment for our employees. We operate under our established safety
programs and employ an experienced team of health and safety specialists toprovide support to employees globally.

In line with our commitment to ensuring the highest standards of occupational
health and safety across our operations, six of our global facilities have obtained
the ISO 45001 certification, underscoring our dedication to providing a secure andhealthy work environment for our employees worldwide.
Tennant Company’s manufacturing plant in Golden Valley, MN, USA, won the
Minnesota Safety Council Silver Achievement Award in 2023, recognizing ourunwavering commitment to exemplary safety practices.

ISO-45001 certified locations

Tennant Shanghai

VENICE, ITALYIPC Gansow

IPC GLOBALMANUFACTURING

RongenGaomi
IPC Portotecnica
IPC Soteco

20

SHANGHAI, CHINA
APAC HEADQUARTERS
MANUFACTURING

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Well-being & development
At Tennant, we are committed to nurturing all
employees’ professional and personal growth.
In August 2023,
we introduced ourInvestInvest in Your Bestin yourprogram to fosterBesttalent development.
This program serves
as a foundational guide, outlining clear
expectations for individuals at variousorganizational levels, empowering each
employee to contribute to Tennant’s success.
Providing a structured approach enables ourworkforce to understand their role-specificresponsibilities, identify areas for growth, andactively manage their career progression.
We value our employees and their families
and are committed to providing a competitive
benefits package. Benefits for our different
global locations follow local laws and regulations
and are competitive in the local market. See
Figure 3 for a list of employee benefits. Benefits
vary for global locations depending on local
rules and regulations.

21

Figure 3

Tennant Company wellness and well-being program overview

PHYSICAL WELL-BEING

FINANCIAL WELL-BEINGEMOTIONAL WELL-BEING

Programs that help our employees
live a healthy lifestyle

Programs that help our employees
achieve financial security

Programs to help employees maintainstrong mental well-being

Health insurance(individual, family, domestic partner)

Educational webinars on
financial literacy

Employee assistance program

Dental insurance(individual, family, domestic partner)

Life insurance

Parental leave

Vision insurance(individual, family, domestic partner)
Accident insurance
Critical illness insurance
Telemedicine
Smoking cessation
Additional well-being support (onsite& virtual wellness screenings, flu shots)

Adoption assistance

AD&D

Paid sick days

Disability income replacement
insurance (short- and long-term)

Paid vacation

Flexible spending accounts(health care and child care)

Paid jury duty leave

401(k) savings plan(including company matching
contribution and profit sharing)
Health advocacy
Long-term care insurance
Auto & home insurance program
Health savings accountBereavement leave
Paid military leave
Floating holidays(for religious or personal reasons)
Legal services plan
Travel assistance program
Paid time off for volunteer activities
Tennant Foundation

Tuition reimbursement• Matching dollars for employee
charitable giving

Dependent scholarship program• Emotional well-being programs• Stress management tools• Resilience training

22

Our leadership | About Tennant | Sustainability | Measuring progress | Thriving People | Healthy Planet | Governance | About this report | Index

Diversity, equity, & inclusion

we increased the representation of women in
leadership positions globally (Table 2). We saw
positive impact from some of our retention efforts,
continued to invest in our women’s ERG, and drove
global inclusion work throughout the organization.

Tennant’s talented employees are a differentiator
for our Company, driving innovation and ensuring
our ability to serve our customers as they – andwe – expect. As we work to attract and retain highperforming teams worldwide, we continue to foster an
inclusive environment where all people feel welcome,heard, and able to reach their full potential.
As we continue our journey, our focus remains
on equipping the enterprise with the knowledge
and avenues for ongoing conversation, continual
process improvement, and strong governance todrive accountability.
In 2023, we set new ambitions to prioritize our areasof focus and initiatives, continued leader training,
and launched our Global DE&I Council. Additionally,
our established Employee Resource Groups (ERGs)
continued to build their communities through activities
and outreach.
As part of Tennant’s Thriving People. Healthy Planet.
sustainability framework, in 2023 we set our ambitions
to increase the percentage of women in leadership
positions globally by 50% and increase the percentageof U.S. employees identifying as BIPOC (Black,Indigenous, People of Color) by 25% by the end of2030, compared to the 2022 base year data. We haverevised the language of these ambitions to reflect
overall representation, drive greater clarity for our
stakeholders, and to align with the body of goals

within our Thriving People. Healthy Planet. framework.
The underlying analysis and ambition have notchanged. We set these meaningful DE&I ambitions
because we know that when our business is inclusive
and reflects the communities we operate in and thecustomers we serve, everyone has better outcomes.
As Tennant continues to grow, diversity of background,life experience, and innovative ideas are critical forour success. Compared to the 2022 base year, in 2023

We also increased the representation of U.S. BIPOC
employees (Table 3). We saw progress in hiring U.S.
BIPOC employees and continued to focus on retention,
including launching a BIPOC ERG in 2024. We also
partnered with our DE&I Council and a consulting
firm to further develop our inclusion journey. In 2023,
we continued to expand our DE&I training program,
and Tennant’s people leaders located in the U.S.
participated in a training that included discussions
around inclusion, unconscious bias, allyship, andmicroaggressions. We also developed a broader
employee training program and will continue to expand
our DE&I training to managers and all employees in
the coming years, as it is essential for all employees tounderstand the importance of a diverse and inclusive
organization and how we each play a part.

Table 2

Table 3

Ambition: Increase the representation of women in
leadership positions globally to 33% by the end of 2030
		Ambition: Increase the representation of BIPOC
employees in the U.S. to 30% by the end of 2030

Percentage ofwomen in leadership
positions globally

Ambition
year:
2030

2023

Base
year:
2022

33%

23.0%

22.1%

Percentage of
U.S. employees who
identify as BIPOC

Ambition
year:
2030

2023

Base
year:
2022

30%

25.4%

24.0%

Our leadership | About Tennant | Sustainability | Measuring progress | Thriving People | Healthy Planet | Governance | About this report | Index

Global Diversity, Equity, & Inclusion Council
Our Global DE&I Council serves as a working advisory
and advocacy body engaging at all levels of ourorganization, including with company leaders
and the Senior Management Team. Its members
represent our geographic regions, business functions,and diverse employee populations. The Council is

Tennant Company’s DE&I
Council Vision
The Council will play a vital role inadvancing the Company’s DE&I strategic
initiative worldwide and at every levelwithin the organization. The Council
was formed to actively seek input, raiseawareness, and ensure continuous
efforts to foster an inclusive environment
where individuals can express theirauthentic selves. By facilitating meaningfulconversations, the Council acts as across-functional representative for DE&I
enterprise leadership. It offers valuableadvice and input in implementing andmonitoring plans to fulfill the Company’s
strategic DE&I commitments.

23

Employee resource groups (ERGs)
also critical to integrating DE&I approaches across
our organization to inform how we do business andinteract globally. To foster collaboration, the Council
acts as a forum to discuss issues, share ideas, review
information, and leverage organizational resources.

Our established ERGs each managed activities
throughout 2023 to build their communities andengage with employees across the organization.
The three groups also hosted an ERG social tospread information about the groups. In 2023:•	IDEAS (Inclusion, Diversity, Equity, and Support) –led discussion groups on various topics related to
identity groups, led focused work on inclusivenessstrategies, and invited guest speakers to share theirexperiences and insights with ERG members.
•	TEAL (Teach, Empower, Advocate for, and Lead) –hosted a book discussion, celebrated International
Women’s Day, sponsored a lunch and discussion on
mentoring and networking, organized a Habitat for
Humanity Women’s Build volunteer event, and led
a StrengthsFinder event for employees to focus onleveraging their strengths.
•	TEND (Tennant Embraces Neurodiversity) –scheduled monthly discussions on topics related toneurodiversity, educated employees on common
characteristics of neurodivergent individuals, andfacilitated strategy-building to create a productive
work environment for all.

24

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Table 42023 employee demographics

Gender & equitable pay
Tennant Company is committed to employee
success, creating a safe, inclusive workplace
where our people can find meaningful work. We
have an opportunity to grow the diversity of ourorganization, and this, combined with providing an
inclusive work environment, will positively support
our business success.

Tennant Company annually performs a genderwage gap for its United States employees that
controls for title, grade, and work location, which
are legitimate and non-discretionary reasons forpay differences. The most recent assessment foundthat the adjusted median total income for females
was 99.6% of the adjusted median total income formales, suggesting there is no evidence of a gender
pay gap in the United States at Tennant Company.

COUNTRY

FEMALE

MALE

TOTAL

Australia

18

65

83

Belgium

23

24

47

Brazil

50

234

284

Canada

4

74

78

China

110

158

268

France

36

139

175

Germany

33

148

181

India

6

92

98

Italy

246

413

659

Japan

3

5

8

Mexico

27

76

103

Netherlands

33

201

234

New Zealand

1

5

6

Norway4

23

27Portugal

8

19

27

Singapore

2

2

4

Spain

25

102

127

Sweden

0

1

1

UK

38

125

163

USA

358

1,526

1,884

GRAND TOTAL

1,025

3,432

4,457

Our leadership | About Tennant | Sustainability | Measuring progress | Thriving People | Healthy Planet | Governance | About this report | Index

25

Impact area: social impact
At Tennant Company, we recognize the significant role
we play within the communities where we operate,
and are committed to making a positive social impact.
We work to improve the lives of people we engage
with outside our Company, including the workers inour supply chain, the operators who use our products,
and the local communities where we work.
We take pride in our efforts to promote employee
volunteerism, the substantial investments madeby the Tennant Foundation, and our engagementwith partners across our supply chain. By setting
clear expectations for ethical conduct in business
relationships, we strive to uphold the highest
standards of integrity.

Human rights
As a global organization and a signatory to theUnited Nations Global Compact and the Universal
Declaration of Human Rights, Tennant Company
is committed to protecting and upholding humanrights and enhancing the well-being of people andcommunities worldwide. Our Human Rights Policy
applies to all Tennant employees and temporary
workers globally, as we are committed to respecting
and promoting the human rights of our employees
and temporary workers across our global operations.

Photo by Sarah Mauragis, Tennant employee

Our principles
Health and safety
As a starting point for human rights, we are committed
to the safety and well-being of our employees andtemporary workers worldwide by providing a safeand healthy working environment while adhering toapplicable health, safety, and environmental laws.
Freedom of association
We recognize and respect the right of employees
and temporary workers to freedom of associationand collective bargaining, which they are entitled tounder applicable laws.

Forced or compulsory labor, human trafficking,and underage labor
We believe all labor must be voluntary. We do nottolerate any form of underage labor (as defined
under applicable laws) or forced labor, such as
indentured labor, bonded labor, military labor, slavelabor, or any form of human trafficking. Within ourbusiness, we also do not tolerate actions such as
recruiting, harboring, transporting, providing, or
obtaining a human being for compelled labor orother unlawful purposes. We expect our employees
and temporary workers to comply with local laborand employment laws wherever they operate.

Our leadership | About Tennant | Sustainability | Measuring progress | Thriving People | Healthy Planet | Governance | About this report | Index

26

Nondiscrimination

Working conditions

Third parties

We believe that no person shall be subject to any
unlawful discrimination in employment, such as hiring,compensation, benefits, advancement, discipline,
termination, or retirement, on the basis of race,color, religion, sex, national origin, physical or mental
disability, age, military service, pregnancy, sexual
orientation, genetic information (including family
medical history), marital status, gender identity or
expression, parental status, political affiliation, or any
other applicable prohibited basis. We offer training for
U.S. managers to help prevent discrimination during
the recruitment, interview, and hiring process. Table 5
provides an overview of our hiring process.

We recognize that compensating our employees
and temporary workers and providing reasonable
working hours are essential to meeting basic needs.
As such, we pay employees and temporary workers
at least the required minimum wage, provide legally
mandated benefits, and adhere to all applicableworking hours and overtime compensation laws.

We hold all third parties with whom we dobusiness to the same high standards as Tennant
Company. Performing due diligence allows us
to follow through on our commitment to act with
Integrity in Every Moment by partnering withorganizations and individuals that operate undersimilar ethical principles.

Anti-bribery and anti-corruption
We are committed to doing business through propermeans and actions in compliance with the laws
and regulations applicable to our global business.
We have zero tolerance for bribery or corruption in
conducting our business.

Table 5Tennant Company hiring process overview
Hiring process phase

Actions

Phase 1 – approvals

Hiring Managers or HR Business Partners create requisitions, which are routed through the appropriate
approval process, which may include higher-level business leaders. Talent Acquisition (TA) Specialists haveintake calls with hiring managers to review the role’s requirements and outline the selection process.

Phase 2 – posting andcandidate generation

All positions are typically posted internally. Confidential or executive positions may not be posted
internally. If considering external candidates, TA will post to the jobs.tennantco.com website andvarious external job boards. TA Specialists will source and screen candidates. All qualified candidates
will be submitted to the hiring manager for review and/or an interview.

Phase 3 – first-roundinterview

Interview materials will be shared with the interview team prior to an in-person interview. The firstround of interviews will occur. Interview feedback will be collected, and a conversation with the hiring
manager will occur to determine the next steps.

Phase 4 – second-roundinterview

A second round of interviews may occur. After the second round of interviews, feedback will becollected to determine next steps.

Phase 5 – offer andpre-employment

Once the final candidate is identified, the offer details will be finalized and flow through any necessary
approvals. A verbal offer will be extended, followed by a formal offer letter. Upon acceptance, preemployment checks will be initiated.

27

Our leadership | About Tennant | Sustainability | Measuring progress | Thriving People | Healthy Planet | Governance | About this report | Index

Investing in our communities
Through the Tennant Foundation and corporate philanthropy, Tennant proudly supports
organizations, programs, and individuals who value our commitment to creating a cleaner,safer, healthier world. In 2023, Tennant invested over $1.1 million back into our communities.

2023 Tennant Company community giving
Fiscal year ended December 31, 2023

Tennant Foundation giving

Giving programs

Tennant Foundation giving• Employee gift matching

Employee gift and volunteer matching$44,824

Community grants$894,500

Total Tennant Foundation giving$939,324• Employee volunteer matching• Community grants
Tennant Company corporate philanthropy

Tennant Company corporate philanthropy• Scholarships• Equipment donations

Scholarship program$158,100

Equipment donations$33,534

Total corporate philanthropy$191,634• Employee volunteer program• Other in-kind donations
Total community giving

Tennant Company is a proud participant of the Minnesota
Keystone Program. The Program promotes corporate philanthropy
by acknowledging and honoring companies that donate at least
2% of their pre-tax U.S. earnings to charitable organizations.

$1,130,958

Our leadership | About Tennant | Sustainability | Measuring progress | Thriving People | Healthy Planet | Governance | About this report | Index

Tennant Foundation giving

2023 Grants awarded*

The Tennant Foundation was established in 1972 tofoster ties to the community and support nonprofit
organizations. Today, the Foundation is committed
to creating a cleaner, safer, healthier world in which
to live, work and play through employee gift andvolunteerism matching, and community grants.

American Red Cross
BestPrep
Better Futures Minnesota
Big Brothers Big Sisters Twin Cities
Bridging
Children’s Theatre Company
Community Emergency Service
Dare to Care Foodbank
Disabled American Veterans - Ohio
Donors Choose
Dunwoody College of Technology
Emerge Mothers Academy
Every Meal
FraserGoodwill-Easter Seals Foundation
Great River Greening
Greater Minneapolis Crisis Nursery - Mpls
Guthrie Theater
Habitat for Humanity - Louisville

Live: Improving the quality of life in our community
through social services and environmental programs.
Work: Promoting workforce readiness througheducation, vocational rehabilitation, and otherrelated services.
Play: Contributing to cultural and arts organizations.
Employee gift matching
For nearly five decades, the Tennant Foundation
Gift Matching Program has provided matching
contributions on employee gifts to select organizations
recognized as nonprofit and tax-exempt by the IRS in
the United States.
Employee volunteer matching
The Volunteer Matching Program recognizes thevolunteer work of our employees in their respective
communities. This program supports employees’
annual volunteer hours with a monetary donation
to organizations eligible for Foundation grants. The
program encourages and rewards volunteerism
in response to the ever-increasing needs of local
nonprofit organizations.

Habitat for Humanity - Twin Cities
High Tech Kids
HIRED
Holland Free Health Clinic
Hunt 2 Heal
Junior Achievement
Midwest Art Conservation Center
Minneapolis Institute of Arts
Minnesota Opera
Minnesota Orchestra
Minnesota Public Radio
Minnesota Zoo Foundation
Mississippi Park Connection
MN Assistance Council for Veterans
MN Children’s Museum
MN Institute for Talented YouthMy Very Own Bed
Outdoor Discover Center
PRISM

28

PROP
Renand Foundation Inc.
Science Museum of Minnesota
Second Harvest Heartland
Stages Theatre Company
TC Food Justice
The Bakken Museum
The Food Group
The Lift Garage
The Saint Paul Chamber Orchestra
The Works Museum
Tree Trust
Twin Cities Public Television
Twin Cities Rise
United Way - Twin Cities
Walker Art Center
Women Venture
YMCA of the Greater Twin Cities*Includes Tennant Foundation grants and does not include employee gift or volunteer matching programs.

Community grant program
Tennant Foundation grants are directed toorganizations generally serving local communities
where our facilities reside and are typically modest
operating grants. When reviewing grant requests, theTennant Foundation considers whether this request
furthers our commitment to creating a cleaner, safer,
healthier world to live, work, and play. As part ofour DE&I strategic initiative, the grant application
form includes a question asking potential applicants
to list any efforts they are currently undertaking
to incorporate DE&I into its policies and practices.
Other grant-awarding categories include supporting

our communities through environmental programs,
workforce readiness through education, vocational
rehabilitation, and other similar services, andcontributing to cultural and arts organizations.
Organizations interested in submitting a grant
request should complete the Minnesota Common
Grant Application Form and explain how their work
helps further the Tennant Foundation’s mission. Only
qualified 501(c)(3) organizations are eligible to receive
a grant. The Foundation does not typically fundcapital campaigns or organizations funded by UnitedWay. Organizations may apply online.

Our leadership | About Tennant | Sustainability | Measuring progress | Thriving People | Healthy Planet | Governance | About this report | Index

29

Tennant corporate philanthropy
Scholarship program
In 1980, the global Tennant Scholarship Program
was implemented for eligible children of regularfull-time or part-time employees. A maximumof 33 new scholarships are available annually,
with awards of $1,750 per year for full-time
study. Each scholarship is limited to four years forstudents attending any approved post-high school
educational program. Students must qualify forscholarships each year. Scholarships are granted
based on academic performance, extracurricular
involvement, and potential to succeed in the chosen
educational program.

Equipment donations

Volunteerism

We consider it imperative that our Company is a
steward to the communities in which we do business.
Organizations that are nonprofit entities with IRS
501(c)(3) designation within the United States may be
eligible for equipment donation. We consider in-kindor equipment donations outside of the Foundation
when requests are employee-supported, if they help
to further our giving mission, and if the recipientorganization meets eligibility requirements.

Another way we support the communities in which
we live, work, and play is through volunteer events.
Every year, the Company organizes various eventsfor employees to participate in, including park andpublic space clean-ups, Habitat for Humanity builds,
meal packaging, and delivery.

30

Our leadership | About Tennant | Sustainability | Measuring progress | Thriving People | Healthy Planet | Governance | About this report | Index

Impact area: shared spaces
As Tennant continuously pursues innovation, we
acknowledge the meaningful impact our products
have had on shared spaces worldwide for over 150
years. We partner with our customers and otherstakeholders as we reinvent how the world cleans toenhance the health, safety, and well-being of all who
use and rely on our collective and shared spaces.
Tennant’s cleaning solutions have been a trusted
presence in communities globally, from grocery
stores to hospitals, factories, and warehouses.
This impact area shapes our business strategies
and market positioning as cleaning is the core ofour business and drives us to innovate and improveshared spaces through our cutting-edge products,
machines, and solutions. As we navigate thisdynamic landscape, Tennant remains committed toleveraging our expertise to promote healthier, safer,and more enjoyable shared spaces for all.

Delivering on our purpose
Tennant products are everywhere, in communal
and multi-user environments encompassing various
settings such as commercial areas, industrial
environments, educational institutions, healthcare
facilities, and other public venues. We understandthat people benefit when these shared spaces
support their well-being, productivity, and safety.
In hospitals and schools, warehouses and factories,
offices and stores – our equipment is revolutionizing

cleaning, delivering more sustainable, innovative,
efficient, and effective solutions.
With the activation of our Thriving People. Healthy
Planet. sustainability framework, we wanted to better
understand our products’ expansive presence in theseshared spaces and how we can continue to partnerwith our customers to deliver clean and healthy
spaces. In 2023, in alignment with our methodology
for calculating the greenhouse gas emissions fromthe use of our products, we established a baseline todetermine the total square feet our products enable
our customers to clean (Table 6). We were then able
to set the ambition to enable the cleaning of 63.5
trillion square feet across our shared spaces by 2030

to help more people benefit from shared spaces thatare cleaned in better ways. Because together, we cancreate a cleaner, healthier, safer world for everyone.
Table 6

Goal: to enable the cleaning of 63.5 trillion squared
feet across our shared spaces by 2030			
2023
Square feet cleaned across ourshared spaces in partnershipwith our customers

9.7

2022

Unit

8.7

TrillionsquaredfeetOur leadership | About Tennant | Sustainability | Measuring progress | Thriving People | Healthy Planet | Governance | About this report | Index

31

Photo by Kelsey Rollag, Tennant employee

Healthy Planet
We have built a culture that strives to leave things better than theywere, and we are proud of our legacy of stewardship.
Our Healthy Planet. pillar puts forth areas where we can build upon
our industry leadership in environmentally sustainable cleaning
solutions. It also considers new ways we can address global
challenges, drive change, and minimize our impact on the naturalenvironment through our products and operations while helping ourcustomers achieve their sustainability goals. Within Healthy Planet.,
we will focus on three impact areas: climate & energy, water &chemical use, and circular products & waste.

Our Healthy Planet. pillar contributes to these
United Nations Sustainable Development Goals (UN SDGs):

Our leadership | About Tennant | Sustainability | Measuring progress | Thriving People | Healthy Planet | Governance | About this report | Index

32

Impact area:
climate & energy
Climate change is the most pressing challenge facing the
global community, and we acknowledge the importanceof reducing our climate impacts using a science-based
approach. We see this work as an opportunity tobuild resiliency across our business and feel we haveboth the responsibility and opportunity to substantiallyreduce our greenhouse gas (GHG) emissions across
our operations, products, and supply chain. Our climate
work enables innovation as our customers seek loweremissions products, employees voice their concerns
about climate change, and investors seek information
about our climate-related risks and opportunities.

Our commitment to net-zeroby 2040
In 2018, we set two GHG emissions reduction targets
with the Science Based Targets initiative (SBTi). We
were one of the first 104 companies globally to haveour science-based targets approved.
Since setting these targets, our world and businesshave significantly changed. We have learned more
about our changing climate and seen a significant
increase in customer demand for lower-emissions
products and engagement from other stakeholders.
Combined with accelerated progress against ourtargets, our growth, and the drive to future-proof
our business in our ever-changing world, Tennant

Company, utilizing SBTi’s Corporate Net-Zero
Standard, drafted near- and long-term company
wide net-zero targets.
In 2023, these targets underwent SBTi’s validation
process and were approved, and Tennant is leading
the way in the cleaning equipment industry with our
net-zero by 2040 targets. At the time of our target
approval (fall 2023), Tennant Company was one of
only 500 companies globally with science-based netzero targets validated by SBTi, cementing our climate
leadership. Our approved targets are illustrated on
our net-zero roadmap (Figure 4).

Photo by Martin Lieser, Tennant employee

33

Our leadership | About Tennant | Sustainability | Measuring progress | Thriving People | Healthy Planet | Governance | About this report | Index

Our
roadmap
to net-zero
Our roadmap
to net-zero
Figure 4

Establishing leadership

2018

2023

SBTi approved
2030 GHG*
emissions
reduction targets

2020
Achieved 2030
operational targets
Reduced emissions
from our operations**
25%*** and emissions
from Tennant Legacy^^machines 32%***

Embedding net-zero
Set new SBTi-approved goals to be net-zero by 2040

Reduce emissions
from the use of oursold products by 45%^

Source 100%of electricity
from renewablesources across all
global facilities

Reduceemissionsfrom ourglobal vehicle
fleet by 40%^

2030
Accelerating progress45%

reductionin GHGemissionsby 2030^

Reduce emissions fromour operations** 90%^

Reduce emissions from ourglobal vehicle fleet 100%^
Expand sustainability
inspired innovation
within productstrategy and design

Invest in energy
efficiency initiatives
for our facilities
and operations

Increase ourportfolio ofelectrified andlow-emissions
products

Reduce emissions from theuse of our sold products, andacross our supply chain 90%^

Collaborate and partner to develop sustainable innovations that lead the industry toward a cleaner future

2040

Net-zero

1.5°C ambitionaligned*Greenhouse gas emissions | ** Scopes 1 and 2 | *** 2016 baseline year | ^2021 baseline year | ^^ Tennant Legacy is defined as Tennant Company before the IPC acquisition in 2017 and Gaomei acquisition in 2019.

Our leadership | About Tennant | Sustainability | Measuring progress | Thriving People | Healthy Planet | Governance | About this report | Index

34

We are also members of Race to Zero, the world’s
largest coalition of non-state actors, including
companies, cities, and financial, educational,
and healthcare institutions, to take rigorous andimmediate action to halve global emissions by
2030 and deliver a healthier, fairer, net-zero world.
In 2023, with the implementation of our Thriving
People. Healthy Planet. sustainability framework,
we established three cross-functional workstream
teams to accomplish our climate & energy impact
area goals. These impact area workstream
teams are made up of representatives from ourglobal facilities and operations, real estate, fleet
management, human resources, service, supply chain,engineering, product marketing, and sustainability
departments. These key stakeholders bring theexpertise and experience required to develop
roadmaps, define key performance indicators,
and implement the appropriate strategies to achieve
net-zero by 2040.
Progress toward our net-zero targets can be foundin the Thriving People. Healthy Planet. progress reportand in the greenhouse gas (GHG) emissions sectionof this report.

Photo by Sarah Mauragis, Tennant employee

35

Our leadership | About Tennant | Sustainability | Measuring progress | Thriving People | Healthy Planet | Governance | About this report | Index

Greenhouse gas (GHG) emissions
To achieve net-zero by 2040, we aim to source
electricity from renewable sources, eliminate
emissions from our global vehicle fleet, continue toinvest in energy efficiency initiatives, and partnerwith our customers to drive emission reduction
innovations, such as electrification and lithium-ion
batteries, through our products.
Our SBTi-validated near-term net-zero target isto reduce absolute scope 1 and 2 GHG emissions
45% by 2030 from a 2021 base year. In 2023, GHG
emissions from our operations and fleet (scope 1 and
2) decreased by 13% from 2021 (Table 7). We also
committed to reducing scope 3 GHG emissions fromthe use of sold products 45% by 2030 from a 2021
base year. In 2023, GHG emissions from the use of
our products (scope 3, category 11) decreased by 8%from 2021 (Table 8). For more information regarding
our greenhouse gas calculation methodology andpolicies, please refer to our Greenhouse Gas (GHG)
Emissions Statement for the Year Ended December
31, 2023 and our most recent CDP Climate Response,
which is publicly available on our investor website.
Deloitte & Touche LLP performed a review relating
to the specified information in the Greenhouse Gas(GHG) Emissions Statement for the Year Ended
December 31, 2023.

Table 7

Near-term net-zero target: reduce scope 1 & 2 GHG emissions 45% by 2030*
Scope 1 and 2 GHG emissions

2023

2022**

2021
base year

Unit

Scope 1 GHG emissions

21,802.1

23,237

24,105.6mT CO2e

Scope 2 (market-based) GHG emissions

837.4

1,357

1,903.6mT CO2eCombined scope 1 and 2 (market-based) GHG emissions

22,639.5

24,59426,009.2

mT CO2e

Change in scope 1 and 2 (market-based) GHG emissions
from 2021 baseline

-13%

-5%

–

Percentage

Table 8Near-term net-zero target: reduce scope 3, category 11, use of sold products GHG emissions 45% by 2030*

Scope 3, category 11 GHG emissions
Change in scope 3, category 11 GHG emissions
from 2021 baseline

2023

2022**

2021
base year**Unit

473,784

477,149

515,997mT CO2e

-8%

-8%

–

Percentage*Tennant Company reports based on operational control method outlined in the GHG Protocol Corporate Standard**Reference GRI disclosure 2-4 for restatement information

36

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Renewable energy

Fleet emissions

As part of our commitment to net-zero by 2040, we
will source 100% renewable electricity across all our
global facilities by 2030. In 2023, we established an
impact area workstream team dedicated to sourcing
renewable electricity for our global operations. The
total renewable energy purchased and produced
represents 92% of all electricity consumed across theCompany (Table 9).

To achieve our net-zero by 2040 targets, we will
reduce emissions from our global vehicle fleet 40% by
2030 and 100% by 2040. In 2023, we established an
impact area workstream team dedicated to reducing
emissions from our global vehicle fleet. The team
identified areas to incorporate electric vehicles into
our fleet, initiated a refresh of our fleet management
policies, and began developing other driver behavior
initiatives to help further reduce emissions. In 2023,
GHG emissions from our global fleet decreased by 8%from 2021 (Table 10).

We increased our renewable energy production by
investing in on-site solar panels at our manufacturing
plant in Limeira, Brazil, and 2023 was the first full yearof operation. We began investing in on-site solar atour manufacturing plants in Italy. These projects are
expected to be operational in 2024. We also sourced
renewable energy by purchasing energy attributecertificates (EAC). We purchased Renewable Energy
Credits (RECs) and Guarantees of Origin (GOs) for
electricity consumption at multiple facilities, including
our operations in the United States, Canada, Italy, theNetherlands, Norway, the UK, and Germany.

Solar panels on Italy manufacturing plant

Table 9

Goal: source 100% of global electricity from renewable sources*
2023

2022

2021

2020

2019

Unit

Renewable electricity**

18,834

21,177

23,05920,362

15,253MWh

Total electricity used

20,55423,871

26,05725,36728,332MWh% of total electricity used

92%

89%

88%

80%

54%

Percentage

2023

2022

2021 base year

Unit

Global fleet emissions

14,38914,903

15,605mT CO2e

Change in global fleet emissions
from 2021 baseline

-8%

-4%

–

Percentage

Table 10

Goal: reduce global fleet emissions 40% by 2030**Tennant Company reports based on operational control method outlined in the GHG Protocol Corporate Standard**Reference GRI disclosure 2-4 for restatement information

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Value chain emissions

Table 11

Scope 3 GHG emissions inventory*

Recognizing that our impact extends beyond our
direct operations, we are committed to partneringwith our customers and suppliers to reduce emissions
across our value chain.

Reducing value chain emissions requires collaboration
with suppliers, customers, and other stakeholders.
This collaboration is featured in SBTi’s Scope 3 bestpractices in the greenhouse gas management
guidance document which highlights our innovations in
product design to reduce our value stream emissions.
We actively engage with our customers to improve
efficiency, reduce emissions, and promote sustainable
practices. We are proud supporters of CDP, and weannually disclose through the climate change program
and respond to the supply chain questionnaire on
behalf of our customers. In 2023, we received our sixth
consecutive A- Leadership level score.

2023

2022

2021

Unit

1: Purchased goods and services

148,202129,015

155,795mT CO2e21.3%

Material, calculated

2: Capital goods

4,160

2,463

723

mT CO2e

0.6%

Not material, calculated

–

–

–

–

–

Not material, not calculated

4: Upstream transportation and distribution 64,842

85,82633,515mT CO2e9.3%

Material, calculated

5: Waste generated in operations

1,026

604***

71

mT CO2e

0.1%

Not material, calculated

6: Business travel

2,495

4,146

1,037

mT CO2e

0.4%

Not material, calculated

7: Employee commuting

2,201

5,865

10,764mT CO2e

0.3%

Not material, calculated

8: Upstream leased assets

–

–

–

–

–

Not material, not calculated

9: D ownstream transportation and distribution

–

-

-

–

–

Not material, not calculated

10: Processing of sold products

–

-

-

–

–

Not material, not calculated

UPSTREAM

3: F
 uel- and energy-related

DOWNSTREAM

As part of our net-zero by 2040 target development
and validation process, we assessed our Scope 3
emissions from all 15 categories across the value
chain, including upstream and downstream sources.
This assessment was completed for 2021, our net-zerotarget base year, and a materiality threshold wasdetermined. The materiality of each category will bereassessed at least once every five years. Table 11details our 2023 Scope 3 inventory.

Scope 3 Category

11: Use of sold products

473,784 477,149*** 515,997*** mT C02e

Scope 3 (%) Materiality**

68.0%

Material, calculated

12: End-of-life treatment of sold products

–

–

–

–

–

Not material, not calculated

13: Downstream leased assets

–

–

–

–

–

Not material, not calculated

14: Franchises

–

–

–

–

–

Not material, not calculated

15: Investments

–

-

-

–

–

Not material, not calculated

705,068

717,902

mT CO2e100%

Combined material and calculated scope 3 emissions 696,710*Tennant Company reports based on operational control method outlined in the GHG Protocol Corporate Standard**Materiality based on 1% threshold relative to total scope 3 emissions inventory. Not material, calculated categories are relevant to otherstrategic priorities. Not calculated categories were determined to be not relevant due to the nature of the Company and its business activities***Reference GRI disclosure 2-4 for restatement information

Our leadership | About Tennant | Sustainability | Measuring progress | Thriving People | Healthy Planet | Governance | About this report | Index

38

Impact area:
water & chemical use
Water is a critical and finite resource. Communities
across the globe are experiencing more droughts andfloods, as well as a lack of access to reliable and cleanwater. We have also seen increased engagementfrom our investors and regulatory entities on water
access and quality issues. We will improve water
stewardship in our operations and continue to design
products that require fewer cleaning chemicals andless water to clean.

Establishing baselines
We have a legacy of leadership in developing
innovations that require fewer chemicals and lesswater. Eco-mode, adjustable solution flow, andec-H2O NanoClean® technology are our innovations
that reduce water and chemical usage during thecleaning process. By continuing to drive innovations
into our operations and products, we can reduce ourwater footprint and help our customers reduce theirwater impacts.
In 2023, we responded to the CDP Water
questionnaire for the first time and identified theopportunity to better understand the impact of ourglobal operations on water withdrawals, access,and quality in the communities where we operate.
As a result, we set the goal to establish water

Photo by Malisa Lieser, Tennant employee

consumption baselines for our manufacturing
facilities. To accomplish this, we will collaborate with
our global manufacturing facilities and operation
teams to establish a cross-functional impact area
workstream team, develop a process for collecting

water data, and determine baselines for at least five
manufacturing facilities in 2024. We look forward
to reporting progress on this initiative in futuresustainability reports and other ESG disclosures.

Our leadership | About Tennant | Sustainability | Measuring progress | Thriving People | Healthy Planet | Governance | About this report | Index

39

Impact area:
circular products & waste
Tennant Company has a long history of innovationand creating solutions that help our customers
improve and clean the spaces we all share. We arecommitted to offering sustainable solutions that
help our customers clean spaces more effectively
and efficiently while assisting them to achieve theirsustainability goals.
Our products are what make us stand out. We willcontinue to design our products with an enhanced
focus on repair, serviceability, and recovery ofmaterials as well as adapt our manufacturing
processes to reduce waste, helping to close theloop on the life cycle of our products.

Circular products
Tennant strives to offer products that can provide
measurable sustainability improvements. Each
year, Tennant invests approximately 3% of sales into
research and development to drive innovations thatmove our industry forward, including autonomous
mobile robots and further embedding circularity,
repairability, and end-of-life care into our products.
We already provide electrically powered equipmentthat reduces greenhouse gas emissions compared
to internal combustion engines. We also offer water
management solutions that reduce the water needed

to clean and technology that eliminates the need for
detergents or chemicals in the cleaning process. We
recondition equipment that helps close the loop on thelife cycle of our products and manufacture productsthat incorporate recycled materials, minimizing theneed for virgin raw materials.
We proudly offer a variety of products with industry
credentials and approvals, as well as machinesthat support certifications such as the WELL
Building Standard and Leadership in Energy andEnvironmental Design (LEED).
Yet global challenges are accelerating, as are our
stakeholders’ expectations for how we design andmanufacture our products. We have seen a significant
increase in demand for lower-emissions products

from our customers who have their own sustainability
goals and are seeking partners to help reach them.
Incorporating sustainability into our product development
process has been core to our product strategy. In
2014, we established a sustainability target setting andtracking system for our product development process.
Since implementation, we have set 46 environmental
impact improvement targets and achieved over 80%
at the product launch. These targets were centeredon the core components of our cleaning machines
and included improvements such as increasing water
efficiency and reducing power consumption during
the product use phase. As we began to implement
and integrate our Thriving People. Healthy Planet.
sustainability framework, we refreshed our approachto product sustainability.

Our leadership | About Tennant | Sustainability | Measuring progress | Thriving People | Healthy Planet | Governance | About this report | Index

40

Also in 2023, the team evaluated the numerous
sustainability-related customer inquiries we havereceived over the past several years, as well assustainability areas where our machines havesignificant influence. These areas were categorized
and five themes emerged where we can drive
the most impact throughout the life cycle of our
products. These themes will be embedded into ourexisting product line strategies as well as the productdevelopment process so we continue help ourcustomers achieve their sustainability goals. These
themes are:•	Circular products & waste: engineering parts
with less plastic, using recycled materials to createcomponents, and designing recyclable parts

In 2023, we concentrated our efforts on enhancing how
we integrate sustainability throughout the life cycle of our
products and the goal-setting process. We established across-functional team dedicated to circular products andincorporating sustainability into our product development
process. The team is comprised of representatives
from global research and development, engineering,product marketing, and sustainability and initiated amore integrated approach to enhancing the circularity
and sustainability of our products and solutions.

In direct response to the increase in demand for loweremissions products from our customers, the workstream
team determined the need to better understand our
products’ impact. As a result, we initiated product family
life-cycle assessments in 2023 that will be completed
in 2024. The results of these assessments will provide
actionable data for our research and development
teams to use, as well as enhance the process forcalculating our products’ impact throughout theirusable life, from production to end-of-life.

•	Climate & energy: reducing the use phaseemissions of our products through electrificationand energy use reduction•	Shared spaces: supporting clean and healthy
spaces for our communities•	Social impact: designing for a diverse operatorgroup by providing safe and ergonomic equipment•	Water & chemical use: maintaining high cleaningand quality standards while using less water andchemical-free cleaning solutions

Our leadership | About Tennant | Sustainability | Measuring progress | Thriving People | Healthy Planet | Governance | About this report | Index

41

Figure 5

Tennant product sustainability themes

Climate & energy

Reducing Tenant’s and ourcustomers’ impact on climate change
through energy use reduction

Social impact

Designing for a diverse usergroup, providing safe andergonomic equipment

Circular products & waste

Engineering parts with less plastic and using
recycled materials to create components.
Reducing waste by designing recyclable parts

Shared spaces

Providing clean and healthy
spaces for our communities

Water & chemical use

Providing the same thorough cleaning
by using less water and chemical freecleaning solutions – like ec-H2O™

In addition to building these themes into our productline strategies and new product development, we arealso incorporating them into our innovation process.
Our long-standing innovation process has helped
enable Tennant to continue to bring new products
and solutions to reinvent how our customers clean.
We established this process because we recognizethat developing new technologies requires additionaltime and resources that may fall out of the scopeof our standard product development process. In
2023, our product sustainability workstream teamestablished a sustainability vector and incorporated
it into our innovation process to drive dedicatedtime and resources into developing new sustainable
technologies that can be incorporated into future
product development.

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42

RECON program
At Tennant Company, we design our products with anenhanced focus on durability and quality, and to havemore than one life. Our RECON program has offered
our customers reconditioned equipment for decades.
This program helps to close the loop on the life cycleof our products and contributes to a circular, versus
the traditional linear, economic model.
Reconditioning starts with a used machine returning
to Tennant through a buy-back or trade-in program.
The machine is assessed and rated based on its

BEFORE

condition and will either be cleaned and repaired
for resale or dismantled for recycling. We recondition
machines deemed appropriate to three different tiers:• Certified pre-owned• Used• As-isEach tier requires a different level of reconditioning,
and the ‘newness’ and quality of the resulting
product will depend on the tier. RECON machinesthat have been assessed and deemed appropriate
for reconditioning, are thoroughly inspected, andcomponents with excessive wear are replaced.
After the machine is returned to a high quality andfunctional state, it goes through an exterior restoration
where many machines emerge looking brand new.
Finally, the machines undergo a comprehensive
quality check and are delivered to the customer
with labor and parts warranties appropriate to theirreconditioned tier.

Recon, Brazil employees

AFTER

We have reconditioning teams,
resources, and facilities in:Toronto, ON, Canada
Minneapolis, MN, USA
Dallas, TX, USA
Zaragoza, Spain
Limeira, Brazil
Aguascalientes, Mexico
Sydney, Australia

We have experienced increased interest in RECON
machines from our existing and new customers, asthese pre-owned products provide reliable cleaning
power and quality at an affordable price.
This business model enables us to manage the end-oflife of our products better and extend their valuable life.

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43

Accelerating the adoptionof robotic cleaning
Our autonomous mobile robots (AMRs) are
revolutionizing the cleaning industry – providing
substantial value by helping customers effectively
manage costs, improve operational consistency,
address labor shortages, re-deploy labor, andimprove the customer experience.
Commercial cleaning professionals work in various
settings, often at night and on weekends, to makeour shared spaces clean, sanitary, and inviting for
employees and visitors. This work can be physicallytaxing, especially if the cleaner frequently bends,
sweeps, and scrubs. Like all employees, commercial
cleaning professionals also want to feel safe andproductive. They want to know that their work
has value and that their company will invest in
their success.
Our robotic cleaning machines help our customers
solve labor shortages by driving labor efficiencies.
They are built to perform redundant tasks alongside
their human counterparts, whose time can bereallocated to higher-skilled, more detailed, andhands-on tasks that only humans can do. They canalso expand their skill set to include robot training

and management. This collaboration between
robotic cleaning machines and their human coworkers helps companies and their employees bemore productive and unlock new returns on clean.

We continue to focus on automating cleaning tasks byusing robotics, which results in more sustainable products
and more value for our customers. Robotic scrubbers
integrate seamlessly with existing cleaning protocols.

44

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ISO 9001 & 14001 certification
Tennant Company utilizes quality management systems (QMS) based on the ISO 9001
standard to ensure high and consistent quality throughout our operations. Obtaining
the ISO 9001 certification for 16 of our facilities demonstrates our commitment to meetingcustomer expectations, continuous process improvement, and ongoing optimization.

Additionally, eight of our global locations obtained the ISO 14001 standard forEnvironmental Management Systems (EMS), an international standard that setsrequirements for an environmental management system. It helps organizations
improve environmental performance through more efficient resource use and waste
reduction. More information can be found on our Commitment to Quality web page.

Figure 6

ISO 9001- and 14001-certified locations

Tennant Company Uden
Tennant Company UK

Tennant Portugal
Golden Valley, MN, USA
Eden Prairie, MN, USA

Holland, MI, USA
Minneapolis, MN, USA

ISO 9001-certified locations

Tennant Company Spain

IPC Euromop
IPC Portotecnica
IPC Pulex
IPC Gansow
IPC Soteco
Summaga, Italy
Castelverde, Italy

ISO 14001-certified locations

Tennant Shanghai
RongenGaomei45

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IPC carbon footprint analyses
We have been partnering with customers to provide
information regarding the environmental impactof our products, enabling them to make informed
decisions about their cleaning selections. To
accurately and transparently measure the carbon
emissions of our products over their lifetime, IPC
sought ISO 14067 certification in collaboration with athird-party assurance provider.

CT15 B35

The total emissions of the products with thiscertification have been analyzed throughout themachine’s life. Additionally, customers can use
onboard telematics to actively monitor the carbon
emissions of their machines on a use-by-use basis.
This offers more details on the impact of using amachine and helps customers develop cleaning
programs that minimize carbon emissions while still
providing an excellent clean for their facilities.

CT30 B35

CT51 BT55

IPC currently offers eight scrubber dryer machineswith ISO 14067-certified carbon footprints and plans
to continue certifying more products to provide
customers with an excellent selection of options.

CT40 BT50

CT71 BT70

CT70 BT70

CT80 BT55

IPC has quantified the carbon footprint of 8 scrubber
dryers. For each one, the environmental impact of
GHG emissions on climate change is measured.

CT110 BT85

46

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Waste
At Tennant Company, we are committed tocontinuously adapting our design, operational,
and manufacturing processes to reduce waste.
As we activated our Thriving People. Healthy Planet.
sustainability framework in 2023, we established across-functional team dedicated to developing andimplementing a comprehensive waste reduction
playbook at our manufacturing plant in Golden Valley,
Minnesota, that can be deployed across our global

operations. A comprehensive approach to waste
management has been an integrated part of the plant
operations for many years, including prioritizing waste
prevention, minimization, and responsible disposal. To
track the progress of these efforts, the team aligned
our waste data collection processes with global best
management practices to establish a baseline forthe total waste generated. The team also identified
the various methods waste is being diverted fromthe landfill or incineration and established baselines
for each. The diversion methods include recycling,organics recycling, and waste-to-energy (Table 12).
We look forward to deploying these learnings
globally as we extend our waste management
program beyond our manufacturing plant in Golden
Valley, MN. Also, in 2023, we enhanced our waste
and recycling data collection processes to capture
this information from more of our facilities, andwe diverted an estimated 7,576 metric tonnes ofmaterials across our global operations. We lookforward to continuing to integrate our waste
management practices, data collection processes,
and waste goals across our business.

In 2023, the Golden Valley,
Minnesota manufacturing plant
diverted over 99% by weight of thetotal waste generated away fromthe landfill or incineration (Table 12).

Table 12

Goal: establish waste diversion baseline atGolden Valley, MN manufacturing plant		
2023

2022

Unit

Total waste recycled*

1,951

1,821

Metric tonnes

Total waste
waste-to-energy

56

70

Metric tonnes

Total waste landfilled

2

1

Metric tonnes

Total waste incinerated

1

1

Metric tonnes

Total waste generated**

2,011

1,893

Metric tonnes

Total waste diverted***

2,007

1,892

Metric tonnes

Diversion rate

99.8%

99.9%

Percentage*Includes single-stream recycling and organics recycling**Data does not include construction and demolition waste***Total waste diverted includes the following disposal methods:
recycled and waste-to-energy

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Governance
Ethics & integrity
At Tennant Company, we believe ethics and integrity go together. We regularly
educate our employees on our standards and expectations, embedding
integrity-based decision-making in our work and enhancing our culture of
ethics as a company. We recognize that everyone learns differently, and thisprogram embraces varying mediums designed to engage employees whileempowering them to learn at their own pace. Our Ethics and Corporate
Compliance program is based on the principle of Integrity in Every Moment.

47

48

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GOVERNANCE

48

Our code of conduct
Tennant Company has built its reputation as an
ethical company. Our customers and partners
have grown to trust that we will conduct businessfairly, ethically, and honestly. Our Code of Conduct
provides the foundation that guides our decisions
and behaviors as a global business. It applies to all
our employees, officers, and members of our Boardof Directors. We also expect all individuals andorganizations that partner with Tennant Company
or do business on our behalf to act in accordancewith our values and our commitment to integrity.
As part of our ongoing commitment to being an ethicalcompany, we unveiled an updated Code of Conduct
in 2023. Our new and enhanced Code is more thanjust a set of rules that cover existing topics. It is areflection of our values and principles that provide evenmore comprehensive guidance for daily challenges
with resources to help along the way. We believe intreating people fairly, with dignity and respect, while
communicating accurately and honestly. We believe in
acting responsibly and professionally as a company. We
believe building business relationships on a foundationof trust and operating with integrity sets us apart.

Spain AMR Open Day

Continuous improvement program enhancements
As part of our commitment to going above andbeyond what is required of us, we are dedicated toenhancing and streamlining Tennant Company’s
Ethics & Corporate Compliance Program. This
commitment allows us to stay ahead of compliancechallenges and reflects our unwavering commitment
to fostering a culture of compliance excellence. For
example, we launched a refreshed ethics hotline

intake website. The refresh offers reporters easy
access to additional resources and feedback
options in a user-friendly format while providing
administrators with enhanced reporting and analytics.
In addition, we streamlined the conflicts of interest
process to increase efficiency and make reporting
issues more accessible for our employees.

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49

Our suppliers
In order to fully realize the ambitions outlined in
our Thriving People. Healthy Planet. sustainability
framework, we must also look to our supply chain.
Our supply chain plays a vital role in our sustainability
objectives, and we value the partnership with our
suppliers in achieving them.
A fundamental concept within our Thriving People. pillar
is ensuring we positively affect the lives of those weengage with, both internally and externally, including
our supply chain. We expect our suppliers and theirsubcontractors to comply with all applicable laws andregulations and maintain just and decent working
conditions, as outlined in our Code of Conduct andHuman Rights Policy. Our Supplier Core Expectations
outlines our zero-tolerance policy relating to forcedlabor, human trafficking, child labor, and discrimination.
It promotes reasonable working conditions and wages,
anti-corruption, compliance, and reporting.
Tennant contributes to a healthier planet by reducing
greenhouse gas emissions, improving product designand efficiency, and reducing waste. We expect our
suppliers to do the same. Our suppliers should conductbusiness in a way that demonstrates respect for
the environment and shares in our commitment toconserve natural resources.
In 2023, as part of our Thriving People. Healthy Planet.
strategy activation work, we established a cross-functional team dedicated to supplier sustainability
engagement. This team is responsible for governing ourinteractions with suppliers to achieve our sustainability
objectives. Supply chain inputs are essential, and we
expect our suppliers to help us in our journey toward amore transparent, sustainable supply chain. This means
participating in trade compliance assessments andresponsible material sourcing surveys, sharing diverseowned business status information, and other focused
activities to confirm compliance with our expectations.
We are building upon this momentum to advanceour efforts in 2024. In conjunction with Tennant’s
targeted efforts aimed at addressing our social andenvironmental impacts, our suppliers will play animportant role in helping us achieve our business andsustainability goals. We look forward to the difference
we can make together.

Responsible mineral sourcing
Tennant Company is concerned with potential links
between the illegal extraction and trade of natural
resources, human rights violations, conflict, andenvironmental degradation. As such, Tennant hasestablished a due diligence and management systemfor conflict minerals. Conflict minerals are classified as
cassiterite, columbite-tantalite, gold, wolframite, and theirderivatives are limited to tin, tantalum, tungsten, andgold (“3TG”). Tennant Company is an active Responsible

Minerals Initiative (RMI) member and has served on a
Smelter Engagement Team responsible for auditing gold
smelters in Brazil for conformance to the Responsible
Minerals Assurance Process (RMAP). We are dedicatedto staying up to date on best practices and industrywide initiatives pertaining to conflict minerals, asevident in Tennant’s Conflict Minerals Policy.
Tennant uses a third-party service provider to support
our Conflict Minerals Program. This program includes
assessing and responding to the risks identified in
the supply chain and prioritizing suppliers with astrong ESG record. One aspect of this assessment isto evaluate supply chain information regarding 3TGs,
identify potential risks, and develop and implement
additional due diligence steps that the Company will
undertake with suppliers regarding conflict minerals.
All suppliers are required to fill out a conflict mineralreporting template to identify where minerals arebeing refined and smelted.
Our Conflict Minerals Program is implemented,
managed, and monitored through our enterpriserisk management program, including an OversightCommittee sponsored by the General Counsel andmanagement-level representatives. This group meetsas needed to gauge progress, approve extraordinary
spending, and coordinate communication with the
Audit Committee of our Board of Directors.

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50

About this report
Scope
This 2024 (FY23) Sustainability Report was publishedin June 2024 and reflects activities and initiatives in our2023 fiscal year (January 1, 2023 – December 31, 2023).
All quantitative company data, unless otherwise
stated, reflects the fiscal year 2023. In this report andgreenhouse gas inventory, we apply the operational
control approach in alignment with the Greenhouse
Gas Protocol’s Corporate Standard. The reporting

boundary includes Tennant Company’s owned
and leased facilities and Sales & Service fleets.
The reporting boundary for 2023 shows minimalchanges from 2022. Based on an analysis of the facility
ownership, rental, lease arrangements, and utility
usage, we have identified 48 facilities as material. All
fleets in countries with direct sales and service presence
are within the reporting boundary. The facilities outside

the boundary are, in the aggregate, less than 1% of
our total emissions and energy consumption. For more
information regarding our greenhouse gas calculation
methodology and policies, please refer to ourGreenhouse Gas (GHG) Emissions Statement for theYear Ended December 31, 2023 and our most recent
CDP Climate Response, which is publicly available on
our investor website.

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51

Structure
This report builds on previous years’ initiatives andreport content. Our last report, the 2023 (FY22)
Sustainability Report, was published in August2023. Tennant Company’s core business model,
governance, policies, practices, customers, andstakeholders changed little between 2022 and 2023.
This report uses the Global Reporting Initiative’s(GRI) definition of double materiality, which differsfrom the definition used for filings with the Securities
and Exchange Commission (SEC). Issues deemedmaterial for purposes of this report may not be
considered material for SEC reporting purposes.
This report was written for a broad range ofstakeholders, including but not limited to ouremployees, customers, suppliers, investors, andnonprofits. It utilizes the Global Reporting Initiative(GRI) framework in this report’s Index section.

Photo by Kelsey Rollag, Tennant employee

Stakeholder engagement
Engagement and collaboration were integral tolaunching our Thriving People. Healthy Planet.
sustainability framework in 2023, providing strategic
direction to our commitments, investments, andactions. As part of our most recent materiality
assessment, we established a cross-functional team ofinternal stakeholders who participated in workshops
to evaluate the results and the intersections between
the material issues to build our new sustainability
strategic framework. We also engaged customers,
investors, and partners in this process to better
understand what issues were important to themand where they felt Tennant Company could have themost significant impact.
Other stakeholders we routinely engage include
our suppliers, government and other regulatory
entities, trade organizations and partners, and thecommunities in which we work. We will continue
to look to all our stakeholders for their valued
perspectives as we implement the new framework,
set goals, and develop action plans. Table 13 on thenext page provides an overview of our stakeholder
engagement process.

Our leadership | About Tennant | Sustainability | Measuring progress | Thriving People | Healthy Planet | Governance | About this report | Index

Table 13

Stakeholder engagement
Stakeholder group

How we engage

Major issues raised

Customers- Provide innovative, high-quality, sustainable products and services that help our customers achieve theirsustainability and ESG goals- Collaborate with the global strategic accounts sales team to respond to customer requests- Direct dialogue with customers- Publish performance in the annual sustainability report, CDP Response, and EcoVadis questionnaire

Product design & life-cycle management
Product & operator safety
GHG Emissions
Product energy use
Ethics, governance, & transparency
Human & labor rights in the supply chain
Labor relations in own operations
Product water use
Transportation & vehicle fleet

Investors- Include sustainability performance on the investor website- Publish performance in the annual sustainability report and CDP Response- Respond to ESG rating firm requests and questionnaires, including ISS, MSCI, and Sustainalytics- SEC Filing- Upholding corporate values

GHG emissions
Ethics, governance, & transparency
Social & economic factors
Water & wastewater management

Employees- Conduct all employee engagement survey annually- Support Employee Resource Groups (ERG), which provide a space for employees to build community anddevelop stronger relationships with others with similar identities and as allies- Sustainability & ESG page on intranet- Respect human rights and diversity, equity, and inclusion- Provide a safe and healthy work environment

Employee health, safety, & well-being
Employee diversity, equity, & inclusion
Employee attraction, engagement, & development
Physical impact of climate change
Energy use & management
Labor relations in own operations
Transportation & vehicle fleet

Suppliers- Require all suppliers to comply with our Supplier Core Expectations and Code of Conduct- Annual RMI Audits- Meet the reasonable needs of distribution channel members and respect their business- Respecting the human rights of workers

Supply chain management
Materials sourcing & efficiency
Health & safety in the supply chain
Human & labor rights in the supply chain

Governments &non-governmentorganizations (NGOs)- Comply with laws, regulations, and policies- Provide support to advance and solve global issues- Partner to understand societal concerns

GHG emissions
Data security & privacy
Ethics, governance, & transparency
Chemical use & management
Healthy shared spaces
Water & wastewater management
Hazardous materials waste

Communities- Give back to communities in which we work, live, and play
- Provide economic and social value to communities while minimizing environmental impact- Support communities to help them thrive

Community impact
Brand values alignment
Healthy shared spaces
Biodiversity & land use

Trade organizations& partners- Support through memberships- Participate in industry work groups, forums, and workshops- Collaborate on technical and other research to develop innovative solutions for society

Brand values alignment

52

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Our leadership | About Tennant | Sustainability | Measuring progress | Thriving People | Healthy Planet | Governance | About this report | Index
GOVERNANCEUN Sustainable Development Goals

Our Thriving People. pillar contributes to these SDGs:

The United Nations Sustainable Development Goals(UN SDGs) call on governments, businesses, andorganizations to take action to address the urgent
problems facing our world today. We value thesegoals’ vital role in equitable, inclusive, sustainable
development. The UN SDGs were source material forour materiality assessment and influenced our new
sustainability strategic framework. As participants in
the United Nations Global Compact, Tennant strives
to contribute to the SDGs through our products andways of working. We mapped the relevant goals toeach pillar of our Thriving People. Healthy Planet.
framework to demonstrate how we integrate thesegoals into our sustainability strategy and acrossour business.

Our Healthy Planet. pillar contributes to these SDGs:

By prioritizing these SDGs and integrating theminto our sustainability strategy and operations, we
believe we can drive positive social, environmental,
and economic impacts while contributing to
the global effort to achieve the UN Sustainable
Development Goals.

53

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54

Our leadership | About Tennant | Sustainability | Measuring progress | Thriving People | Healthy Planet | Governance | About this report | Index
GOVERNANCE

Environmental, social, and governance (ESG) metrics
Metric

2023

2022

2021

Notes

Scope 121,802.12

23,2373

24,105.6mT CO2e

Scope 2 (location-based)

8,37129,2503

10,202mT CO2e

Scope 2 (market-based)

837.42

1,3573

1,903.6mT CO2e

Scope 3, Category 1, purchased goods and services

148,2022

129,015

155,795mT CO2e

Scope 3, Category 2, capital goods

4,160

2,463

723

mT CO2e

Scope 3, Category 4, upstream transportation and distribution

64,842285,82633,515mT CO2e

Scope 3, Category 5, waste generated in operations

1,026

6043

71

mT CO2e

Scope 3, Category 6, business travel

2,495

4,146

1,037

mT CO2e

Scope 3, Category 7, employee commuting

2,201

5,865

10,764mT CO2e

Scope 3, Category 11, use of sold products

473,7842

477,1493

515,9973

mT CO2eRenewable electricity purchased3

18,834

21,177

23,059MWh% of total electricity used

92%

89%

88%

Total amount of waste recycled

7,576

3,3873

3,900

Total number of locations with ISO 9001 Quality management certification

16

—

—

Total number of locations with ISO 14001 Environmental Management Systems certification

8

7

—

Greenhouse gas emissions

Environmental

1

Renewable energy purchasing

Tennant Company reports based on operational control method outlined in the GHG Protocol Corporate Standard
Deloitte & Touche LLP performed a review relating to the specified information in the Greenhouse Gas (GHG) Emissions Statement for the Year Ended December 31, 2023.
3
Reference GRI disclosure 2-4 for restatement information
1

2

metric tonnes

Our leadership | About Tennant | Sustainability | Measuring progress | Thriving People | Healthy Planet | Governance | About this report | Index

Metric

2023

2022

2021

Total number of employees

4,457

4,299

4,263

Female

1,025

992

966

Male

3,432

3,307

3,297

Percentage of U.S. employees who identify as BIPOC

25.4%

24.0%

–

Percentage of women in leadership positions globally

23.0%

22.1%

–

Female

3

3

3

Male

6

6

6

Total number of Board of Directors
who identify as BIPOC

2

2

2

Total number of Board of Directors
who identify as White

7

7

7

Total number of employees by gender

SocialDiversity of Board or Directors

Tennant Foundation and corporate giving$1,130,958$834,097$880,425

Operations

1.41

1.19

1.83

NA TSSC4

2.49

1.46

1.9

Operations

0.77

0.53

0.7

NA TSSC4

1.97

1.05

0.95

Total number of locations with ISO-45001 Occupational health and safety certification

6

–

–

Global new hire rate

22%

38%

26%

Global turnover rate

17%

19%

22%

Average number of training hours per total employee

9

15

73

Percentage of employees covered by a collective bargaining agreement

31%

32%

19%

Annual total compensation ratio

98:1

79:1

89:1

Number of employees who took parental leave

194

186

146

Safety (TRIR)
Total recordable incident rate
DART rate
Days away, rest and transfer rate

3

Reference GRI disclosure 2-4 for restatement information
Tennant Sales and Service Company

4

55

Notes

Includes sum of employee gift matching, grant
disbursements, scholarship program, andequipment and inventory donations

2021 data does not include Italy

Our leadership | About Tennant | Sustainability | Measuring progress | Thriving People | Healthy Planet | Governance | About this report | Index

Metric

2023

2022

2021

Number of ethic hotline reports

20

3

16

Percent of ethic hotline reports closed

90%

100%

100%

Average days ethics hotline reports are open

25

23

50

ESG

C

C

C

Environmental

3

3

3

Social2

2

6

Governance

2

3

2

Sustainalytics ESG Risk Rating

23.2

23.54

24.11

EcoVadisBronzeBronzeBronzeCDP Climate Program

A-

A-

A-

MSCI

AA

AA

A-

Governance

Company ethics

ISS ratings

Notes

56

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GOVERNANCE

57

Forward-looking statements
Certain statements in this document are considered“forward-looking statements” within the meaningof the Private Securities Litigation Reform Act. Thesestatements do not relate to strictly historical or current
facts and provide current expectations or forecasts offuture events and are generally preceded or followedby or include the words “targets,” “plans,” “goals,”“commitments,” “believes,” “expects,” “intends,” “will,”“likely,” “may” or terms of similar substance. Any suchexpectations or forecasts of future events are subject
to various factors that could cause actual results todiffer. These include factors that affect all businesses

operating in a global market as well as mattersspecific to us and the markets we serve. Particularrisks and uncertainties that may cause actual results
to differ from our expectations include, but are notlimited to, the risk that we will be unable to execute oursustainability strategy because of market or competitive
conditions and economic, industrial, and governmental
developments that may impact our operations.
Information about other factors that could materiallyaffect our results can be found in our 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. We undertake no obligation to update orrevise any forward-looking statement, whether as aresult of new information, future events, or otherwise,
except as required by law. Investors are advised toconsult any future disclosures by us in our filings with
the Securities and Exchange Commission and in otherwritten statements on related subjects.
If you have comments or concerns, please contact
SustainabilityReport@tennantco.com.

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58

Index
Tennant Company uses the Global Reporting Initiative (GRI) Standards framework
to guide the content disclosed in this report. The GRI standards create a common
language for organizations—large or small, private or public—to report on theirsustainability impacts consistently and credibly. This enhances global comparability
and enables organizations to be transparent and accountable.

ESRS

Disclosure Number
2-1

To prepare for the EU CSRD, we began aligning our current reporting and disclosure
strategy with the European Sustainability Reporting Standards (ESRS). As a result, wehave mapped the GRI standards that we report to with the ESRS in the following index.
If a disclosure detail is found in a separate document, that document is linked
with the appropriate reference page to locate the content. All other information is
included in the disclosure statement.

Disclosure Title

Reference

Disclosure Statement

Organizational Details

About Tennant Company section
10-K pgs 3, 15, 75 - Exhibits 3.1 - 4.1

Headquarters located at: 10400 Clean Street, Eden Prairie, MN 55344
All entities in Tennant Company's financial reporting are also included in its sustainability reporting.

ESRS 1 and 2

ESRS 12-2

Entities included in
the organization's
sustainability reporting

2-3

Reporting period, frequency
and contact point

The consolidated financial statements include the accounts of the Company and its subsidiaries.
10-K pg 15

10-K pg 15

We are organized into four operating segments: North America; Latin America; Europe, Middle East, Africa; and Asia Pacific. We combine ourNorth America and Latin America operating segments into the "Americas" for reporting net sales by geographic area. In accordance with theobjective and basic principles of the applicable accounting guidance, we aggregate our operating segments into one reportable segment thatconsists of the design, manufacture and sale of products used primarily in the maintenance of nonresidential surfaces.
The reporting period for this sustainability report is January 1, 2023 - December 31, 2023, and is published annually. This is the same reporting
period as our annual financial reporting. The publication date of this sustainability report is 06/27/2024. Questions and comments about thisreport can be directed to: SustainabilityReport@tennantco.com.
In October 2022, the Science Based Target initiative completed its validation of Tennant’s net-zero targets. The process was completed after
the publication of the 2023 (FY22) Sustainability Report. Additionally, in 2023 Tennant Company completed readiness assessments of various
sustainability and ESG data. As a result of these projects, the following data points are restatements:

ESRS 2

2-4

Restatements of information

2-5

External assurance

2022 Operations DART rate2022 Scope 1, Scope 2 market-based and location-based emissions
2022, 2021 Scope 3, category 11 emissions
2022, 2021, 2020, 2019 megawatt hours of electricity from renewable sources (renewable electricity)
2022 Scope 3, category 5 emissions
2022 total amount of waste recycled2021 average hours of employee training
Assurance statements

At this time, there is no external assurance of the 2024 (FY23) Sustainability Report. Deloitte & Touche LLP performed a review relating to thespecified information in the Greenhouse Gas (GHG) Emissions Statement for the Year Ended December 31, 2023.

Our leadership | About Tennant | Sustainability | Measuring progress | Thriving People | Healthy Planet | Governance | About this report | Index

ESRS

Disclosure Number

Disclosure Title

Reference

59

Disclosure Statement
We are not prohibited from entering any intended market for any product or service; however, we do not enter all markets due to various
strategic or business reasons. There were no significant organizational changes made in 2023.

ESRS 2

2-6

Activities, value chain and otherbusiness relationships

About Tennant Company section
10-K pgs 3, 45-46

With Tennant Company's complex and broad product line, we have many different direct material supplier groupings like batteries, chargers,
castings, engines, motors, and drives. We have several suppliers in most direct material groups, and many of these suppliers have somefacilities in advanced economies like the EU, US, Japan, China, and Mexico. Sole sourcing creates risk, and more diverse sourcing createscomplexity, so a strategic supplier approach is required to achieve a good balance. We consider our supply chain partnerships confidential
and, in general, choose not to disclose details on specific suppliers.
In 2023, we made considerable efforts to expand our dual sourcing and localization efforts to reduce risk and complexity. We have developed aproactive monitoring process and incorporated an escalation process for high-risk supply continuity.

ESRS 2 and S1ESRS 2 and G1

ESRS 2 and G1

ESRS 2 and G1

2-7

Employees

About Tennant Company section
Table 2
Table 3
Table 410-K pgs 6-9

2-9

Governance structure
and composition

Governance Committee Charter
Proxy pgs 15-23

2-10

Nomination and selection of
the highest governance body

Proxy pgs 18-23

2-11

Chair of the highest
governance body

Proxy pg 15

Role of the highest governancebody in overseeing themanagement of impacts

Sustainability at Tennant
Governance Committee Charter
Proxy pgs 14-15
CDP Climate Response

2-12

2-13

Delegation of responsibility
for managing impacts

Proxy pg 14-17
CDP Climate Response

Total number of employees: 4,457
Tennant Company reports employee numbers as Headcount and not FTE. Temporary employees are organized at the team and business level;
therefore, we do not have a complete temporary employee count for the entire enterprise.
Tennant Company is governed by our Board of Directors, which has four standing Board Committees: Audit, Compensation, Executive, andGovernance. Each Tennant Company Board of Directors committee has a written charter covering the committee's purpose and responsibilities.
The Charters and Corporate Governance Principles for Tennant Company's Board Committees are available at investors.tennantco.com. Moreinformation is available in our Proxy.

Donald L. Mulligan served as the Chairman of the Board in February 2023.
The Board of Directors Governance Committee oversees the Company’s sustainability programs, policies, and practices, including
environmental, social, and corporate governance (ESG).
In 2023, the Senior Director of Sustainability & ESG reported to the Senior Vice President, General Counsel and Corporate Secretary, who reports directly
to the President and CEO and the Board of Directors. The Governance Committee receives an annual update from the Senior Director of Sustainability& ESG on progress toward sustainability and ESG targets. There is always the potential to discuss pressing matters on an as-needed basis.
In 2023, the Senior Director of Sustainability & ESG reported to the Senior Vice President, General Counsel and Corporate Secretary, who reports
directly to the President and CEO and the Board of Directors. With the Senior Director of Sustainability & ESG reporting directly to the C-Suite, theorganization understands the importance of our sustainability and ESG commitments. The Senior Management Team (SMT), which consists ofthe company’s C-Suite leaders, is responsible for enterprise performance and strategy, including sustainability and ESG initiatives. This groupassigns enterprise accountability and allocates resources to implement sustainability and ESG strategies. The Senior Director of Sustainability &ESG oversees the Sustainability team, which is responsible for helping define the enterprise sustainability and ESG agenda, prioritizing issues,and driving impact. The team provides dedicated oversight of strategy, initiatives, and goals. The team collaborates with stakeholders to enable
enterprise integration and progress.

Our leadership | About Tennant | Sustainability | Measuring progress | Thriving People | Healthy Planet | Governance | About this report | Index

ESRS

Disclosure Number

ESRS 2ESRS 2Disclosure Title

Reference

Disclosure Statement

2-14

Role of the highest governancebody in sustainability reporting

Governance Committee Charter

The annual sustainability report is reviewed by the Board of Directors Governance Committee and Senior Management Team (SMT), which
includes the organization's material topics.

2-15

Conflicts of interest

Proxy pg 17

2-16

All interested parties may communicate with the independent members of the Board of Directors by writing to the Chair of the Executive
Committee at ATTN: General Counsel, Tennant Company, 10400 Clean Street, Eden Prairie, MN 55344.

Communication ofcritical concerns

All communications will be delivered to the General Counsel, who will forward communications to the appropriate member(s) of the Board of
Directors to address the matter.

2-17

Collective knowledge of thehighest governance body

Governance Committee Charter
Proxy pgs 5-12
CDP Climate Response

2-18

Evaluation of the performanceof the highest governance body

Proxy pg 18

ESRS 2 and E1

2-19

Remuneration policies

Proxy pgs 30-48

ESRS 22-20

Process to determine
remuneration

Proxy pgs 30-49

ESRS S1

2-21

Annual total compensation ratio

Proxy pgs 53

ESRS 2

2-22

Statement on sustainable
development strategy

Our leadership section
Message from our CEO

ESRS 260

ESRS 2, S1, S2, S3,
S4, G1

2-23

Policy commitments

Ethics & integrity
Code of Conduct

ESRS 2, S1, S2,
S3, S4, G1

2-24

Embedding policy commitments

Governance section

The Board of Directors Governance Committee oversees the company's sustainability and ESG strategy, programs, policies, and practices.
Members of our Governance Committee have experience in sustainability, environmental health and safety (EHS), shareholder activism, andother sustainability and climate-related issues. Their experience was gained both through their professional work and other corporate board
services. The Senior Director of Sustainability & ESG and the Chief Legal Officer, present to the Governance Committee at least once a year toprovide an update on the progress toward sustainability and ESG targets and to enhance the Committee's collective knowledge on ESG topics.

Although we have significant operations outside of the US, we do not currently report on country-specific pay.
2023 Pay Ratio: 98:1, CEO Pay: $5,520,144, the median of annual total compensation of all employees: $56,265.

We have a code of conduct, anti-corruption training, and a nondiscrimination policy available to all employees in digital and printed
formats. One of the ways we communicate to employees about these policies is through our US policy intranet site and the US employee
handbook. Acknowledgment/attestation that employees have read and reviewed the employee policies and handbook is required uponhire and each time a significant change applicable to them is made. Minor changes are communicated to employees through various
channels. We have an ethics hotline to report ethics, discrimination, and unsafe workplace conditions. Anonymous reporting is available
where allowed by law. Tennant Company's Human Rights Policy is publicly available on our sustainability page, under the People &Communities, in the documents section.

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61

ESRS

Disclosure Number

Disclosure Title

Reference

ESRS S1, S2, S3,
S4

2-25

Process to remediate
negative impacts

Governance section

ESRS S1, S2, S3,
S4, G1

2-26

Mechanisms for seeking advice
and raising concerns

Ethics & integrity
Code of Conduct

ESRS 2, E2, S1, G1

2-27

Compliance with laws
and regulations

In 2023 Tennant Company did not have any further non-compliance incidents as it relates to environmental laws and regulations.
American Association of Cleaning Equipment Manufacturers; International Sanitary Supply Association; EUnited Cleaning-The European
Cleaning Machine Association; Cremona Energy Consortium; Environmental Initiative & MN Sustainable Growth Coalition; UN Global Compact;
Canada Green Building Council; U.S. Green Building Council; Waste Wise Minnesota; NorthStar Initiative for Sustainable Enterprise; BSCAI;PRSM; SEAC; ABRALIMP; ABIMAQ; Cleaning Industry Research Initiative; CEB/Gartner Human Resources Practice Group; Minnesota Chamberof Commerce; Minnesota Business Partnership; National Association of Corporate Directors; Responsible Minerals Initiative; ICCMA (UK); VDMA
(Germany); AFIMIN (France); AFIDAMP (Italy)

ESRS 1

2-28

Membership associations

CDP Climate Response

ESRS 2, S1, S2,
S3, S42-29

Approach to stakeholder
management

Table 13: Stakeholder engagement

Disclosure Statement

We have a US employee handbook, ethics policy, anti-corruption training, and nondiscrimination policy available to all employees in digitaland printed formats. We have an ethics hotline to report ethics, discrimination, and unsafe workplace conditions. Anonymous reporting isavailable where allowed by law.

Tennant Company recognizes an individual's right to collective bargaining.
ESRS S1

2-30

Collective bargaining
agreements

Social impact
Tennant Company
Human Rights Policy

ESRS 23-1

Process to determinematerial topics

About this report

ESRS 2

3-2

List of material topics

Figure 1: Materiality matrix

ESRS 2, S1, S2, S3,
S4, G1, E5, E1, E2,
E3, E43-3

Management of material topics

About this report

201-1

Direct economic value
generated and distributed

10-K pgs 19-70

201-2

Financial implications andother risks and opportunities
due to climate change

CDP Climate Response

ESRS 2 and E1

Collective bargaining agreements exist where required per local laws.
31% of employees are covered by a Collective Bargaining Agreement. (This dataset does not include Italy.)
Tennant Company's Human Rights Policy is publicly available on our sustainability page, under the People & Communities, in the
documents section.

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ESRS

Disclosure Number

Disclosure Title

Reference62

Disclosure Statement
Tennant Company offers benefit plans to employees worldwide in compliance with local requirements and with consideration for local markets.

201-3

Defined benefit plan obligations
and other retirement plans

10-K pgs 6-8, 55-61

In the United States and Canada:
The Retirement Savings Plan match from the company at 75% on the first 4% of deferrals, or 3% total company match, beginning on theemployees' hire date. 91% of employees participate in the U.S. plan, and 84% participate in the Canada plan. The savings plan offers a profit
sharing option which has averaged 2.96% over three years.
In Brazil:
The retirement plan provides a 100% company match on the first 4% of employee contributions. 75% of employees participate in this plan.
Tennant Company received financial assistance from governments in 2023.

201-4

The Company received approximately €234,000 from the Italian government to compensate for increased energy costs and as incentives forenergy efficiency projects.

Financial assistance received
from government

The Company received approximately CN¥2,275,828 from the Commerce Bureau of Hefei State High-tech Industry Development Zone for the
production facility in Hefei and from the Shanghai Lingang Taopu Zhichuang City Economic Development Co., Ltd. for plant relocation subsidies.

ESRS 1

202-2

Proportion of senior
management hired fromthe local community

ESRS 1

203-1

Infrastructure investments
and services supported

Social impact
Tennant Foundation

ESRS S1, S2, S3

203-2

Significant indirect
economic impacts

Tennant Foundation

ESRS G1

205-1

Operations assessed for risks
related to corruption

We comply with the provisions of the U.S. Foreign Corrupt Practices Act (FCPA) of 1977, the UK Bribery Act 2010, and other applicable ABAC
(antibribery, anti-corruption) laws and regulations. Accordingly, our relevant policies prohibit any payments to persons, foreign officials, or
foreign political parties for the purpose of obtaining, retaining, or directing business.

ESRS G1

205-2

Communication and training
about anti-corruption policies
and procedures

We regularly conduct online business ethics training across our employee base and online ABAC training to select job functions. Additionally, on
a risk-based approach, we conduct supplemental live and web-based business ethics and ABAC training to select employees and third parties.

ESRS G1

205-3

Confirmed incidents ofcorruption and actions taken

None in 2023.

206-1

Legal actions for anticompetitive behavior, anti-trust,and monopoly practices

None in 2023.

302-1

Energy consumption within
the organization

ESRS E1

10-K pgs 6-7

CDP Climate Response

Tennant Company is headquartered in Minnesota, USA, where our senior management team (Senior Vice President and above) is based. 66%(4 of 6) of our senior management team was hired from Minnesota.

Our leadership | About Tennant | Sustainability | Measuring progress | Thriving People | Healthy Planet | Governance | About this report | Index

ESRS

Disclosure Number

ESRS 163Disclosure Title

Reference

Disclosure Statement

302-2

Energy consumption outsideof the organization

CDP Climate Response

ESRS E1

302-3

Energy intensity

CDP Climate Response

ESRS 1

302-4

Reduction of energy
consumption

CDP Climate Response

ESRS 1

302-5

Reductions in energy
requirements of products
and services

Circular products & waste

ESRS 2 and E3

303-1

Interactions with water as ashared resource

Water & chemical use

ESRS E1

305-1

Direct (Scope 1) GHG emissions

Climate & energy
CDP Climate Response

ESRS E1

305-2

Energy indirect (Scope 2)
GHG emissions

Climate & energy
CDP Climate Response

ESRS E1

305-3

Other indirect (Scope 3)
GHG emissions

Climate & energy
CDP Climate Response

ESRS E1

305-4

GHG emissions intensity

Climate & energy
CDP Climate Response

ESRS E1

305-5

Reduction of GHG emissions

Climate & energy
CDP Climate Response

ESRS E5

306-4

Waste Diverted from disposal

Circular products & waste

Estimated waste diverted from landfill and/or incineration totaled over 7,300 metric tons globally. Diversion methods include recycling,
composting, organics recycling, and thermal waste to energy.

ESRS G1

308-1

New suppliers thatwere screened using
environmental criteria

Our suppliers

A supplier evaluation tool is under development, with plans to include environmental criteria. This project was put on hold in 2023 due topriorities for supply continuity.

ESRS 2308-2

Negative environmental
impacts in the supply chain
and actions taken

Tennant Company is not aware of any negative environmental impacts in the supply chain.

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ESRS

Disclosure Number

ESRS S1

401-1

ESRS S1

401-2

Disclosure Title

Reference

Disclosure Statement

New employee hires
and employee turnover

Measuring our progress

21.90% Global New Hire Rate for 2023
17.22% Global Turnover Rate for 2023
These rates do not include IPC employees in non-integrated countries.

Benefits provided to full-time
employees that are notprovided to temporary or
part-time employees

Employee successFigure 3: Tennant Company
wellness and well-being
program overview

64

Tennant Company values our employees and their families. The company is committed to providing a competitive benefits package as part ofa Total Rewards Paradigm (benefits, compensation, well-being, and recognition). Benefits for our different global locations are set up to follow
local laws and regulations and to be competitive in the local market. In 2023, our compensation program included salaries, benefits, bonuses,
incentives, stock awards, and retirement benefits.
Global employee recognition:
Tennant’s Applause program delivers timely, personalized, and meaningful recognition to employees globally. Individuals can nominate
colleagues or teams for a monetary reward to recognize outstanding work or to send a quick thank you at any time.
See Table 401-2 for the complete list of employee benefits. Benefits vary for global locations depending on local rules and regulations.
In 2023, 194 employees took parental leave.

Measuring our progress

Tennant Company designs its parental leave programs to comply with local law and regulations and to be competitive in the market.
In the US, Tennant grants up to 12 weeks of leave as specified by the federal Family and Medical Leave Act (FMLA) for, among other things, afamily member’s serious health condition and the birth or adoption of a child. In addition to a birth or adoption of a child, Tennant provides an
employee with up to 40 hours of pay under Parental Leave if they have been employed for at least 12 months prior. Additional leave of absence
for personal reasons may be granted when approved by appropriate management for up to six months. Personal reasons may include
education, family issues, etc. Outside of the United States, leave varies by country and local law.

ESRS S1

401-3

Parental leave

ESRS 1402-1

Minimum notice periods
regarding operational changes

Tennant Company does not have a defined notice period. The notice period is determined for each event based on business needs.

403-1

Workers representation in formal
joint management–worker
health and safety committees

Tennant Company has health and safety committees at most manufacturing facilities globally. The committees include members of plant
management and employees from the different departments at the facility.

ESRS S1

There were zero work-related fatalities in 2023 for Tennant Employees and Contractors.
· Total Recordable Incidents Rate (TIRI): # recordable injuries X 200,000 hours ÷ Actual hours worked· Days Away, Rest and Transfer (DART) Rate: # of DART cases X 200,000 hours ÷ Actual hours worked
ESRS S1

403-2

Types of injury and rates of injury,
occupational diseases, lost days,
and absenteeism, and numberof work-related fatalities

Measuring our progress
Employee success
Table 1: Safety metrics

Tennant Company uses the following definitions when reporting near misses, incidents, and injuries:
Near miss: Anything considered unsafe. An event where no property was damaged and no personal injury was sustained but where, given aslight shift in time or position, damage and/or injury easily could have occurred. Something you walk away from or past and think to yourself
someone could have been hurt, or that was close.
Incident: An unplanned, undesired event that results in a personal injury requiring only in-house medical attention (i.e., band-aid), property
damage, or spill.
Injury: An unplanned, undesired event that results in a personal injury requiring outside medical attention.

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Disclosure Number

404-1

Disclosure Title

Average hours of training
per year per employee

Reference

65

Disclosure Statement
Our employees complete training at various points throughout the year, whether that be safety training, ethics training, orientation training, or
machine operation training.

Measuring our progress

Globally, employees completed over 40,000 hours of training through our various channels, including instructor in-person training, online
training, and our e-learning platform, Tennant University.
In 2023, we had an average of 9 hours of training per employee.

ESRS S1

404-2

Programs for upgrading
employee skills and transition
assistance programs

Employee success

Talent Management/Development:
Tennant Company utilizes a talent review process to identify top talent, critical roles, and successors and plan individual development.
Individual development plans are used to help employees enhance their skills and prepare them for future opportunities. In addition to thetalent review, Tennant Company offers leadership development programs designed to help leaders understand the behavioral expectations
associated with their leadership level. HR also deploys annual performance management training for current managers and employees tohelp them understand their roles and responsibilities.
Tuition Reimbursement:
All qualified employees are eligible for tuition reimbursement for approved courses.
Transition Assistance/Career Management:
Tennant Company offers outplacement and career management services through Career Partners International (CPI) for eligible US
employees. The level of support varies based on the level of the employee.

ESRS S1ESRS 2 and S1

404-3

405-1

405-2

Percentage of employees
receiving regular performanceand career development reviews

Diversity of governancebodies and employees

Ratio of basic salary andremuneration of women to men

Employee success

Employee success
Table 2
Table 3
Table 410-K pg 7

Employee success
10-K pg 7

Through Tennant Company's annual performance review process, managers are asked to provide a performance review to all eligible
employees with the goal of completing the review within one month of the scheduled common review date (April).
Tennant Company believes that an inclusive and diverse workforce contributes to our business success. The inclusion of diverse perspectives
enables innovation and our ability to serve customers. We continue our DE&I focus through strategies which engage and educate our
employees, promote inclusion, and drive effective governance.
Tennant Company proudly continues our commitment to be an equal opportunity employer. We make employment decisions on the basis ofindividual skill, ability, reliability, productivity, and other factors important to performance.
Women represent 50% of our executive management team and 33% of our Board of Directors as of December 31, 2023.
2 of our 9 Board of Directors members identify as BIPOC as of December 31, 2023.
Tennant Company annually performs a gender wage gap for its United States employees that controls for title, grade and work location, which
are legitimate and non-discretionary reasons for pay differences. The most recent assessment found that the median total income for females
was 99.6% of the median total income for males, suggesting there is no evidence of a gender pay gap in the United States at Tennant Company.

Our leadership | About Tennant | Sustainability | Measuring progress | Thriving People | Healthy Planet | Governance | About this report | IndexESRSESRS S1ESRS S1ESRS 1

Disclosure Number

406-1

407-1

408-1

Disclosure Title

Incidents of discriminationand corrective actions taken

Operations and suppliers inwhich the right to freedomof association and collective
bargaining may be at risk

Operations and suppliers at
significant risk for incidents
of child labor

66

Reference

Disclosure Statement

Measuring our progress

In the ordinary course of business, allegations of discrimination may be received by Tennant Company through supervisors, representativesof Tennant Company's Human Resources organization, Tennant Company's Ethics Hotline, or external authorities. The Ethics Hotline number isavailable globally, and complaints may be made anonymously, where allowed by law. All allegations are promptly investigated using internalor external independent investigators. Tennant Company enforces a strict anti-retaliation policy to encourage employees to provide prompt
notice of issues and to encourage early resolution. In addition, Tennant Company's internal audit team regularly monitors internal procedures
and controls around our various Human Resources processes. Our Human Resources team responds to requests for information from external
authorities, such as state and federal labor and government contracting authorities.

Supplier Core Expectations

In 2023 Tennant Company was not aware of potential risks to freedom of association or collective bargaining at our operations or suppliers.
This is specifically addressed in our supplier code of conduct (supplier core expectations) which is publicly available on our website, and all
suppliers are subjected to adhere to. Additionally, Tennant Company is a signatory of the United Nations Global Compact, demonstrating our
support and efforts to align our strategies and operations with universal principals on human rights, labor, environment, and anti-corruption
and take actions that advance societal goals. Principle #3 refers to upholding the freedom of association and the effective recognition of theright to collective bargaining.

Supplier Core Expectations

Tennant Company's policy is that it will not employ nor knowingly engage with suppliers who employ workers younger than the minimum
age prescribed by local law. In 2023, we updated our master supply agreement (MSA) in alignment with our core values and code of conduct
with all suppliers. This is specifically addressed in our supplier code of conduct (supplier core expectations) which is publicly available on our
website, and all suppliers are subjected to adhere to. Notwithstanding, Tennant Company's policy is not to employ nor knowingly engage with
suppliers who employ workers younger than 15 years of age. Also, in 2023, we proactively increased focus on avoiding geographical locations
suspected of engaging in forced labor or other practices that conflict with our code of conduct. Additionally, Tennant Company is a signatory of
the United Nations Global Compact, demonstrating our support and efforts to align our strategies and operations with universal principles onhuman rights, labor, environment, and anti-corruption and take actions that advance societal goals. Principle #5 refers to the effective abolitionof child labor.

Supplier Core Expectations

Tennant Company does not use, nor does it knowingly engage with suppliers who use, forced labor, whether in the form of prison labor,
indentured labor, bonded labor, slavery, or otherwise. This is specifically addressed in our supplier code of conduct (supplier core expectations)which is publicly available on our website, and all suppliers are subjected to adhere to. Additionally, Tennant Company is a signatory of theUnited Nations Global Compact, demonstrating our support and efforts to align our strategies and operations with universal principles onhuman rights, labor, environment, and anti-corruption and take actions that advance societal goals. Principle #4 refers to eliminating all formsof forced and compulsory labor.

ESRS S1 and S2

409-1

Operations and suppliers at
significant risk for incidents offorced or compulsory labor

ESRS S1 and S2

412-2

Employee training on humanrights policies or procedures

Employees are trained annually on our code of conduct, including Human Rights topics, policies, and procedures. Training included information
on reporting functions, including the ethics hotline, which can accommodate Human Rights concerns.

412-3

Significant investment
agreements and contracts
that include human rights
clauses or that underwent
human rights screening

100% of our suppliers who either sign our supply agreement form or provide products via PO (subject to our T&Cs) are subject to our SupplierCore Expectations (supplier code of conduct), which include human rights and are publicly available on our website. Our master service
agreement (MSA) language aligns with our core values and code of conduct. Additionally, Tennant Company is a signatory of the United
Nations Global Compact, demonstrating our support and efforts to align our strategies and operations with universal principals on humanrights, labor, environment, and anti-corruption and take actions that advance societal goals. Principals #1 and #2 refer to human rights.

Supplier Core Expectations

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Disclosure Number

67

Disclosure Title

Reference

Disclosure Statement414-1

New suppliers that werescreened using social criteria

Supplier Core Expectations

Supplier evaluation tool is under development. A team is reviewing and updating the screening criteria to align with supplier code of conduct.

414-2

Negative social impacts in the
supply chain and actions taken

Tennant Company was not made aware of any negative social impacts in the supply chain in 2023.
Aside from our participation in public industry bodies that recommend product safety standards, in which our participation is appropriate,public, and fully transparent, Tennant Company does not lobby or participate in public policy development.

ESRS 2415-1

Political contributions

CDP Climate Response

We support Non-Governmental Organizations (NGOs) that work to improve facility conditions, e.g., Healthy Schools Campaign, Environmental
Initiative, The NorthStar Initiative at the University of Minnesota, and Global Environmental Management Initiative. Such organizations' goalsalign with our vision of creating a cleaner, safer, healthier world.

416-1

Assessment of the healthand safety impacts of productand service categories

Tennant Company actively engages internal and external test and evaluation agencies to review products for health and safety impact andto ensure Tennant Company is compliant with all applicable product regulations. This occurs during new product development and also
during a product's life cycle as updates are made to meet the changing needs of our customers and stakeholders and to meet changing
regulations in our markets. Through Tennant Company’s Quality Assurance process, issues are reviewed regularly, including customer
feedback. Any issue impacting health or safety related to our products is addressed immediately by various committees authorized to
implement any necessary changes.

416-2

Incidents of non-complianceconcerning the health andsafety impacts of products
and services

Tennant recorded only one non-compliance incident concerning health and safety in 2023. This incident did not impact our products andservices. Tennant recorded zero incidents of non-compliance with regulations and/or voluntary codes concerning the health and safety impacts
of products and services in 2023.

ESRS S4

417-1

Requirements for product andservice information and labelingInternal ISO-9001 processes require Tennant Company to identify and comply with applicable product safety regulations, including labeling.
Product safety regulations specify what information appears on our machine data labels. We also track sourcing information on some components
to inform customers regarding substance origin and restrictions, including the presence of minerals sourced in conflict areas, REACH
substances, latex, animal-based products, and recycled content. Lastly, Tennant Company complies with WEEE and RoHS directives in Europe.

ESRS 1

417-2

Incidents of non-complianceconcerning product and service
information and labeling

Zero in 2023.

ESRS S4

417-3

Incidents of non-complianceconcerning marketing
communications

Zero in 2023.

418-1

Substantiated complaints
concerning breaches ofcustomer privacy and lossesof customer data

Zero in 2023.

ESRS G1

ESRS 1ESRS S4

Commitment to Quality web page

10400 Clean Street | Eden Prairie, MN 55344 | United States

www.tennantco.com