- Named to “A List” by global environmental nonprofit CDP
(formally known as the Carbon Disclosure Project), putting the
company among the top 1.7% of companies rated by the agency
- Ranked #1 globally within the Machinery and Electrical
Equipment industry with a top 1% score on the 2023 S&P Global
Corporate Sustainability Assessment and inclusion on the Dow Jones
Sustainability Indices (DJSI) for the second year in a row
- Top Rated status from Morningstar Sustainalytics, a global
leader in ESG research and data that provides ESG ratings for
investors and corporations, for placing within the top 0.5% in
machinery industry and top 5.5% globally
Ingersoll Rand Inc. (NYSE: IR), a global provider of
mission-critical flow creation and industrial solutions, has been
recognized as a leader in sustainability with top rankings from
CDP, the Dow Jones Sustainability Indices (DJSI), and
Morningstar Sustainalytics.
Earlier this week, Ingersoll Rand was named to the “A List” for
its performance in tackling climate change and commitment to global
environmental leadership by CDP, an international nonprofit that
runs the environmental disclosure system for companies, cities,
states, and regions. CDP’s annual environmental disclosure and
scoring process is globally recognized as the gold standard for
corporate environmental transparency.
Out of the more than 21,000 companies scored, Ingersoll Rand was
among 1.7% of companies to receive an “A” score for its efforts
that include reducing its greenhouse gas emissions, utilizing a
Design for Sustainability process for all new product development,
and developing strategies that assess climate risks and
opportunities.
In addition, S&P Global recently announced that Ingersoll
Rand ranked first worldwide within the IEQ Machinery and Electrical
Engineering industry, achieving a score of 81 out of 100 on the
2023 S&P Global Corporate Sustainability Assessment. The score
puts Ingersoll Rand in the top 1% of companies in its industry.
Ingersoll Rand was also named to the DJSI World and North
America Indices for the second year in a row. Since its launch in
1999, DJSI is a widely recognized standard for measuring corporate
environmental, social, and governance (ESG) progress across
industries. To be considered for inclusion, companies are evaluated
on ESG policies and actions through the annual S&P Global
Corporate Sustainability Assessment (CSA).
Lastly, Ingersoll Rand maintained a low-risk rating from
Morningstar Sustainalytics’ ESG Risk Ratings, measuring a company’s
exposure to ESG risk and how well the company is managing that
risk. Of the more than 16,000 companies covered, Ingersoll Rand
received Top Rated status for placing in the top 0.5% in the
machinery industry and top 5.5% globally.
These high-scoring ratings reflect the company’s longstanding
commitment to sustainability in not only its own operations but
also as a driver of growth through supporting its customers with
efficient products and services that help them achieve their
sustainability goals and targeting high-growth, sustainable end
markets with new and existing products.
“Guided by our mission of Making Life Better, leading
sustainably is central to the work we do at Ingersoll Rand,” said
Vicente Reynal, chairman and chief executive officer at Ingersoll
Rand. “We are proud to be recognized as an industry leader in
championing innovative business practices and developing products
with sustainable attributes that also benefit our environment.
Receiving recognition from these prestigious organizations propels
us forward in our journey to have a net-positive societal
impact.”
Ingersoll Rand’s most recent Sustainability Report is available
for additional reference. Our 2023 Sustainability Report will be
released in mid-2024.
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)
adverse impact on our operations and financial performance due to
natural disaster, catastrophe, global pandemics (including
COVID-19), geopolitical tensions, cyber events or other events
outside of our control; (2) unexpected costs, charges or expenses
resulting from completed and proposed business combinations; (3)
uncertainty of the expected financial performance of the Company;
(4) failure to realize the anticipated benefits of 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; and (11) 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/20240208695548/en/
Investor Relations: Matthew.Fort@irco.com
Media: Meghan.Agostinelli@irco.com
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