Ingersoll Rand Awarded Leadership Status in CDP’s Annual Climate Change Report
DAVIDSON, N.C., November 3, 2017 /3BL Media/ – The annual Global Climate Change Report from CDP awarded Ingersoll Rand (NYSE:IR), a world leader in creating comfortable, sustainable and efficient environments, leadership status with a final letter grade of A-. The report and grading award is based on analysis of the current state of corporate climate action.
Companies scoring high with the CDP demonstrate a thorough understanding of risks and opportunities related to climate change and have formulated and implemented strategies to mitigate or capitalize on these risks and opportunities in line with best practices.
“Receiving CDP leadership status highlights our expertise in helping customers become more environmentally responsible while also decreasing the environmental impact of our operations,” said Michael W. Lamach, Chairman and CEO of Ingersoll Rand. “With a strategy built on sustainability and the ongoing progress of our Climate Commitment, we are honored to again earn this recognition for our positive environmental impact.”
This recognition highlights Ingersoll Rand’s proactive work to develop energy-efficient solutions and refrigerant alternatives that will help reduce harmful greenhouse gas emissions. In addition to this award, in 2017 Ingersoll Rand was also listed on the FTSE4Good Index Series, named to the 2017 Dow Jones and the Dow Jones Sustainability World and North America Indices and recognized on Green Builder Magazine’s annual list of Eco Leaders.
Ingersoll Rand Climate Commitment
Ingersoll Rand made a Climate Commitment to reduce greenhouse gas emissions from its products and operations by 2030. The Ingersoll Rand Climate Commitment pledged to:
- Cut the refrigerant GHG footprint of its products by 50 percent by 2020 and incorporate lower GWP alternatives across its portfolio by 2030;
- Invest $500 million in product-related research and development over the next five years to fund the long-term reduction of GHG emissions; and
- Reduce company operations-related GHG emissions by 35 percent by 2020.
To date, the company’s Climate Commitment has supported the avoidance of approximately 6.7 million metric tons of CO2 globally, which is the equivalent of avoiding annual CO2 emissions from energy used in more than 700,000 homes for one year. By 2030, the company expects to reduce its carbon footprint by 50 million metric tons.
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About Ingersoll Rand
Ingersoll Rand (NYSE:IR) advances the quality of life by creating comfortable, sustainable and efficient environments. Our people and our family of brands—including Club Car®, Ingersoll Rand®, Thermo King® and Trane®—work together to enhance the quality and comfort of air in homes and buildings; transport and protect food and perishables; and increase industrial productivity and efficiency. We are a $13 billion global business committed to a world of sustainable progress and enduring results. For more information, visit www.ingersollrand.com.