New Sustainability Strategy Solidifies Focus
on Growth and Operations
Ingersoll Rand Inc. (NYSE: IR) (“the Company”), a global
provider of mission-critical flow creation and industrial
solutions, announced today an update to its sustainability strategy
designed to further the company’s Environmental, Social and
Governance (“ESG”) leadership, capture ESG-related competitive
advantages and drive internal and external growth while helping its
customers meet their sustainability goals. With its purpose to Make
Life Better for customers, employees, stockholders and the planet,
an unwavering commitment to sustainability is deeply embedded
throughout Ingersoll Rand’s operations and decision-making
processes.
The Company is introducing “Lead Sustainably” as an updated and
expanded strategic imperative – along with Deploy Talent,
Accelerate Growth, Expand Margins and Allocate Capital Effectively
– that reflects Ingersoll Rand’s external growth strategy, internal
ESG objectives and bold ambition to be a global industry leader in
sustainability. The Lead Sustainably strategic imperative is
supported by two key and complementary pillars: “Grow Sustainably,”
which has an external focus; and “Operate Sustainably,” which has
an internal focus.
Grow Sustainably: Supporting customers on their
sustainability journey and expanding into sustainable end markets,
through:
- Innovative development of intrinsically sustainable products
that enable greater efficiency, circularity and safety
- Intentional focus on sustainable, high-growth end markets,
including but not limited to clean energy, food and beverage, life
science and water
Operate Sustainably: Driving internal efforts to improve
operations and processes, including a focus on:
- Greenhouse gas emissions
- Water efficiency and conservation
- Waste to landfill reduction
- Safety
Ingersoll Rand is also committed to advancing its Social and
Governance goals. The Company delivers on its purpose - Make Life
Better - for its employees through ongoing employee engagement
efforts, the promotion of Diversity, Equity & Inclusion
principles and commitment to its leading-edge Employee Ownership
program. The Board of Director’s Sustainability Committee, formed
in 2021, oversees the sustainability program and strategy, which is
operationalized at every level throughout the Company via the
Ingersoll Rand Execution Excellence (“IRX”) framework, Ingersoll
Rand’s competitive differentiator operating model.
“We make life better for our employees, customers, stockholders
and planet by creating long-term value. Every day, we are driving
sustainable product and service innovation that enables our
customers to meet their own sustainability goals, while embracing a
circular economy mindset internally, ultimately resulting in a
better bottom-line,” said Vicente Reynal, Chairman and CEO. “We
believe engaged employees are crucial to our success, which is why
our employees are given a personal ownership stake in Ingersoll
Rand. As owners, we are motivated to work together to lead
sustainably. It’s an exciting time at Ingersoll Rand with
significant long-term opportunities ahead.”
Sustainability Conference Call and Presentation
Ingersoll Rand will host an investor conference call on
September 22, 2022, at 8:00 a.m. (Eastern Time) to discuss the
company’s sustainability progress and strategy. To participate in
the call, please dial 1-844-200-6205, domestically, or
1-929-526-1599, internationally, and use access code 918517. A
real-time audio webcast of the presentation can be accessed via the
Events and Presentations section of the Ingersoll Rand Investor
Relations website (https://investors.irco.com), where related
materials will be posted prior to the conference call. A replay of
the webcast will be available after conclusion of the conference
and can be accessed on the Ingersoll Rand Investor Relations
website.
Forward-Looking Statements
This news release contains “forward-looking statements” within
the meaning of the Private Securities Litigation Reform Act of
1995, including statements related to Ingersoll Rand Inc.’s (the
“Company” or “Ingersoll Rand”) expectations regarding the
performance of its business, its financial results, its liquidity
and capital resources and other non-historical statements. These
forward-looking statements generally are identified by the words
“believe,” “project,” “expect,” “anticipate,” “estimate,”
“forecast,” “outlook,” “target,” “endeavor,” “seek,” “predict,”
“intend,” “strategy,” “plan,” “may,” “could,” “should,” “will,”
“would,” “will be,” “on track to” “will continue,” “will likely
result,” “guidance” or the negative thereof or variations thereon
or similar terminology generally intended to identify
forward-looking statements. All statements other than historical
facts are forward-looking statements.
These forward-looking statements are based on Ingersoll Rand’s
current expectations and are subject to risks and uncertainties,
which may cause actual results to differ materially from these
current expectations. Should one or more of these risks or
uncertainties materialize, or should underlying assumptions prove
incorrect, actual results may vary materially from those indicated
or anticipated by such forward-looking statements. The inclusion of
such statements should not be regarded as a representation that
such plans, estimates or expectations will be achieved. Important
factors that could cause actual results to differ materially from
such plans, estimates or expectations include, among others, (1)
the impact on the Company’s business, suppliers and customers and
global economic conditions of the COVID-19 pandemic, including
business disruptions caused by government restrictions; (2)
unexpected costs, charges or expenses resulting from the completed
and proposed business combinations; (3) uncertainty of the expected
financial performance of the Company; (4) failure to realize the
anticipated benefits of the completed and proposed business
combinations; (5) the ability of the Company to implement its
business strategy; (6) difficulties and delays in achieving revenue
and cost synergies; (7) inability of the Company to retain and hire
key personnel; (8) evolving legal, regulatory and tax regimes; (9)
changes in general economic and/or industry specific conditions;
(10) actions by third parties, including government agencies; (11)
adverse impact on our operations and financial performance due to
natural disaster, catastrophe, pandemic, geopolitical tensions or
other events outside of our control; and (12) other risk factors
detailed in Ingersoll Rand’s most recent Annual Report on Form 10-K
filed with the Securities and Exchange Commission (the “SEC”), as
such factors may be updated from time to time in its periodic
filings with the SEC, which are available on the SEC’s website at
http://www.sec.gov. The foregoing list of important factors is not
exclusive.
Any forward-looking statements speak only as of the date of this
release. Ingersoll Rand undertakes no obligation to update any
forward-looking statements, whether as a result of new information
or development, future events or otherwise, except as required by
law. Readers are cautioned not to place undue reliance on any of
these forward-looking statements.
About Ingersoll Rand Inc.
Ingersoll Rand Inc. (NYSE:IR), driven by an entrepreneurial
spirit and ownership mindset, is dedicated to helping make life
better for our employees, customers and communities. Customers lean
on us for our technology-driven excellence in mission-critical flow
creation and industrial solutions across 40+ respected brands where
our products and services excel in the most complex and harsh
conditions. Our employees develop customers for life through their
daily commitment to expertise, productivity and efficiency. For
more information, visit www.IRCO.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20220921005826/en/
Investor Relations: Matthew Fort matthew.fort@irco.com
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