Trane Technologies Named One of the World’s Most Sustainable Companies by TIME
June 27 2024 - 6:30AM
Business Wire
Trane Technologies (NYSE:TT), a global climate innovator, has
been recognized in TIME’s inaugural rankings of the World’s Most
Sustainable Companies. The list, published in collaboration with
market research company Statista, celebrates companies who advance
sustainable practices and promote corporate responsibility and
social stewardship.
"It’s a tremendous honor to be included on TIME’s inaugural list
of the World’s Most Sustainable Companies,” said Paul Camuti,
executive vice president and chief technology and sustainability
officer, Trane Technologies. “Sustainability is at the center of
our strategy and is integrated into every aspect of our business.
The urgent need for climate action is clear and so is our purpose
to boldly challenge what’s possible for a sustainable world.”
Through industry-leading action and innovation, Trane
Technologies is decarbonizing buildings, industry and the cold
chain and advancing its 2030 Sustainability Commitments, including
the Gigaton Challenge, and its pledge to be net-zero by 2050. The
company was also the first in its industry to have its near and
long-term emissions reductions targets externally validated by the
Science Based Targets Initiative (SBTi).
Broadly acknowledged for its industry-leading transparency,
credibility and accountability, Trane Technologies has received
several additional recognitions for climate action. The company was
one of over 350 companies to be recognized with an ‘A’ score for
transparency on climate change by CDP – out of over 21,000
companies scored. It was also named to the S&P Dow Jones
Sustainability World Index for the third consecutive year and the
North America Index for the thirteenth consecutive year.
With its Opportunity for All commitment, Trane Technologies is
taking action to uplift its culture and communities through an
inclusive approach and focus on education and career development
for everyone. Last year, the company achieved gender parity on our
Board of Directors and donated $18.8 million to initiatives that
support our corporate citizenship strategy, Sustainable Futures,
which focuses on uplifting and supporting students from
underrepresented communities throughout their educational
journeys.
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. Visit tranetechnologies.com.
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
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240627603253/en/
Media Contact: Travis Bullard +1-919-802-2593
Media@tranetechnologies.com
Investors Contact: Zachary Nagle +1-704-990-3913
InvestorRelations@tranetechnologies.com
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