Trane Technologies, EU Parliament and Commission Officials & Cold Chain Partners Call for Accelerated Food Loss Solutions
February 14 2024 - 9:39AM
Business Wire
Trane Technologies (NYSE:TT), a global climate innovator,
co-developed a round table event at the European Parliament on
Advancing Food Loss Technologies and Policies. The round table,
hosted by Member of the European Parliament Ms. Rosa D’Amato MEP
and promoted in partnership with Sustainable Development Policy
Institute Competere, addressed the global impact of food loss and
the technologies and solutions required to reduce loss and waste
across the food chain.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20240214416167/en/
Trane Technologies co-developed a round
table event at the European Parliament on Advancing Food Loss
Technologies and Policies. (Photo: Business Wire)
“We are very proud to have partnered on this event with
Competere, as well as working with members of the European
Commission, European Parliament and major cold chain partners,”
said Claudio Zanframundo, president, Thermo King EMEA, Trane
Technologies. “Globally, 30% of food is lost or wasted, while 1.3
billion people experience food insecurity. Having an efficient and
sustainable cold chain makes a big difference in reducing food
waste and putting food on tables across the world. That’s why it’s
vital that policy makers and industry leaders connect regularly so
we can move the needle on this important issue.”
The round table included discussions on European Union policies
and strategies led by Alexandra Nikolakopoulou, Head of Unit
DGSANTE of the European Commission and the causes of food loss and
waste led by Associate Professor Kasza Gyula. Also taking part in
the discussions were representatives from Copa Cogeca, the
organization for farmers and agri-cooperatives in the EU, leading
European food manufacturers association FoodDrinkEurope, major
European retail organization Schwarz Group and surplus food
management app-based company Too Good To Go, and Safe Food Advocacy
Europe (SAFE), an NGO focused on protecting EU food consumers.
Through dedicated and committed action, Trane Technologies is
advancing its 2030 Sustainability Commitments, including the
Gigaton Challenge - a pledge to reduce customer greenhouse gas
emissions by 1 billion metric tons (or, one gigaton). This
reduction equates to 2% of the world’s annual emissions – or, the
annual emissions of Italy, France and the U.K. combined. The
company has also pledged to be net-zero by 2050 and is first in
industry to have its near and long-term emissions reduction targets
externally validated by the Science Based Targets Initiative
(SBTi).
Trane Technologies is also leading by example in the
electrification and decarbonization of the cold chain – helping
customers transition to more sustainable fleet solutions while
reducing their carbon footprints. In November 2023, it announced
that it fulfilled its August 2021 commitment to deliver fully
electric, zero direct emission Thermo King® refrigeration solutions
for every segment of the cold chain in the Europe, Middle East and
Africa (EMEA) region by 2023.
About Trane Technologies
Trane Technologies is a global climate innovator. Through our
strategic brands Trane® and Thermo King®, and our portfolio of
environmentally responsible products and services, we bring
efficient and sustainable climate solutions to buildings, homes and
transportation. For more on Trane Technologies, visit
tranetechnologies.com.
Forward Looking Statements
This news release includes “forward-looking statements” within
the meaning of securities laws, which are statements that are not
historical facts, including statements that relate to our
decarbonization and electrification initiatives, our sustainability
commitments and the impact of these commitments. These
forward-looking statements are based on our current expectations
and are subject to risks and uncertainties, which may cause actual
results to differ materially from our current expectations. Factors
that could cause such differences can be found in our Form 10-K for
the year ended December 31, 2023, as well as our subsequent reports
on Form 10-Q and other SEC filings. New risks and uncertainties
arise from time to time, and it is impossible for us to predict
these events or how they may affect the Company. We assume no
obligation to update these forward-looking statements.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240214416167/en/
Media Contact: Geraldine Velner +32 493 282676
Geraldine.Velner@tranetechnologies.com
Investors Contact: Zachary Nagle +1-704-990-3913
InvestorRelations@tranetechnologies.com
Trane Technologies (NYSE:TT)
Historical Stock Chart
From Apr 2024 to May 2024
Trane Technologies (NYSE:TT)
Historical Stock Chart
From May 2023 to May 2024