Ingersoll Rand Listed on FTSE4Good Index Series for Second Consecutive Year
August 12 2016 - 10:00AM
Business Wire
Index series measures environmental, social
and governance performance
Ingersoll Rand (NYSE:IR), a world leader in creating
comfortable, sustainable and efficient environments, is again
listed on the FTSE4Good Index Series. Created by the global index
company FTSE Group, FTSE4Good is an equity index series designed to
measure the performance of companies demonstrating strong
environmental, social and governance (ESG) practices.
Companies in the series have met stringent ESG criteria. Ratings
are designed to measure the ESG risk and performance of companies
worldwide and provide market participants with a tool to be used in
portfolio design and management against ESG criteria, or as a
framework for corporate engagement and stewardship.
“Inclusion on the FTSE4Good index two years running is further
verification that our performance matches the commitment of our
employees to integrating sustainability in ways that are valuable
to customers and to the vision and purpose of Ingersoll Rand,” said
Paul Camuti, senior vice president of innovation and chief
technology officer of Ingersoll Rand. “While we are pleased with
the FTSE4Good listing, we realize that we must continue to improve
our business practices, product innovation and community engagement
in ways that make the world a better, more sustainable place to
live.”
FTSE Group confirms that Ingersoll Rand has been independently
assessed according to the FTSE4Good criteria and has satisfied the
requirements to become a constituent of the index.
Ingersoll Rand Climate Commitment
In 2014, Ingersoll Rand announced its 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 alternatives across its portfolio by 2030;
- Invest $500 million in product-related
research and development by 2020 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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