Ingersoll Rand Applauded by Newsweek as a Top Green Company in the U.S., Improves over Previous Ranking
June 13 2016 - 8:00AM
Business Wire
Newsweek again ranked Ingersoll Rand (NYSE: IR), a world leader
in creating comfortable, sustainable and efficient environments, on
its annual Green Rankings as one of 500 top green companies in the
United States. The company ranks No. 59, realizing a 42-point
improvement over the 2015 ranking.
“We continue to view external recognition as validation that our
strategy to integrate sustainable practices into our business is
working. This is fuel to keep innovating and developing new
solutions that help our company and our customers meet
climate-related goals,” said Paul Camuti, senior vice president of
innovation and chief technology officer of Ingersoll Rand. “While
we are pleased to make this list for two years running, we are even
more pleased to see significant improvement over last year.”
The 2016 Newsweek Green Rankings measure the environmental
performance of large public companies using eight key performance
indicators. The methodology is clear and rules-based, and the
process meets the test of being replicable by a third party.
"In the current global business and political climate, no
company can continue to ignore its environmental footprint and
there's good news: Newsweek's 2016 Green Rankings show
that the world's biggest companies are improving when it comes to
energy productivity and in limiting greenhouse gas emissions,” said
Elijah Wolfson, senior editor for Newsweek. “Our hope is that the
rankings will propel leaders to start looking at their
environmental impact not just in terms of carbon use, but
comprehensively, and make the changes necessary to sustain both
business growth and environmental viability."
Since 2009, the Newsweek Green Rankings have been one of the
world’s foremost corporate environmental rankings, assessing the
500 largest publicly-traded companies in the United States and the
500 largest publicly-traded companies globally on overall
environmental performance.
Ingersoll Rand Climate
Commitment
Ingersoll Rand made a Climate Commitment to reduce greenhouse
gas (GHG) emissions from its products and operations by 2030. The
Ingersoll Rand Climate Commitment pledges to:
- Cut the refrigerant GHG footprint of
its products by 50 percent by 2020 and incorporate lower global
warming potential (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 2 million metric tons of CO2e globally,
which is the equivalent of avoiding annual CO2 emissions from
energy used in more than 270,000 homes or more than 2.1 billion
pounds of coal burned. By 2030, the company expects to reduce its
carbon footprint by 50 million metric tons.
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.
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Ingersoll RandMisty Zelent, 704-655-5324mzelent@irco.com
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