Trane Technologies to Debut and Feature Employee-Powered Social Innovation and Decarbonization Solutions at VERGE22
24 Oktober 2022 - 12:30PM
Business Wire
Company will highlight scalable sustainability
solutions, including a net-zero street vendor cooling cart and
science-based Gigaton Playbook, at Silicon Valley’s premier climate
tech event
Trane Technologies (NYSE: TT), a global climate innovator, will
be at VERGE22 to debut a net-zero cooling cart designed to provide
sustainable and affordable cooling for street vendors, while
combating food loss, reducing emissions and improving their
livelihoods.
On Wednesday, October 26 at 8 a.m. PT (11 a.m. ET), Trane
Technologies’ innovation team will share live from VERGE22 how the
company harnessed the collective talents and expertise of employees
to design a prototype cart and will invite partners to help scale
the solution in developing regions around the world.
“More than 25 million street vendors sell fruits and vegetables
in developing economies, and they are often the most vulnerable
part of informal food systems,” said Rasha Hasaneen, vice president
of Innovation for Trane Technologies. “Nearly 10 percent of global
greenhouse gas emissions come from food waste, and each year, over
30 percent of the food produced is lost or wasted. This
employee-inspired solution uses passive cooling technology to
extend the life of food at the point of distribution, which can
help dramatically reduce emissions, improve quality of life and
support resilient food systems around the world.”
In 2021, Trane Technologies and Hasaneen launched Operation
Possible, an employee-powered social innovation program helping to
solve for some of the world’s most daunting challenges – such as
the coexistence of food loss and hunger in low-income communities.
The cooling cart is one of the first social innovations to be
released.
The Gigaton Playbook: a roadmap for reducing
emissions
Another 15% of the world’s emissions come from heating, cooling
and ventilating buildings. Trane Technologies has set bold 2030
Sustainability Commitments and is taking deliberate action to
decarbonize homes, buildings and refrigerated transport with clean,
energy-efficient solutions.
At VERGE22, Scott Tew, Trane Technologies’ vice president of
Sustainability, will provide insight into pathways for
decarbonizing buildings, including the methodology Trane
Technologies is using to identify the strongest levers for
decarbonization. Leveraging Trane Technologies’ science-based
approach and Gigaton Playbook to calculate and measure absolute and
avoided product-related emissions, companies at all stages of their
sustainability journeys are encouraged to follow a similar model –
creating an inclusive, all-hands-on deck movement towards
addressing Scope 3 GHGs in the process.
“Creating pathways for calculating and setting ambitious,
science-based carbon reduction goals, with clear governance, are
critical components of an impactful sustainability strategy,” said
Tew. “It’s important to have both near-term and long-term goals,
and track action along the way. We’re proud to be at VERGE22 to
share our learnings with other companies and organizations and
accelerate climate change solutions.”
Trane Technologies’ Gigaton Challenge is the largest validated
science-based climate commitment related to product use emissions,
and pledges to reduce one billion metric tons (one gigaton) of
greenhouse gas (GHG) emissions from customers’ carbon footprints by
2030.
Trane Technologies will participate in the following sessions at
VERGE22.
Tuesday, October 25 9 a.m. PT How to Calculate Your Scope
3 Emissions
Wednesday, October 26 7:50 a.m. PT Purpose-Driven
Innovation: Reducing Food Loss While Uplifting Low-Income
Communities
9 a.m. PT How the First Movers Coalition Raises the Bar for
Corporate Action on Next-Gen Climate Tech
1:30 p.m. PT Pathways to Net-Zero Carbon Commercial
Buildings
The Cooling Cart will also be on display in the VERGE22
Microgrid.
This news release includes “forward-looking statements” which
are statements that are not historical facts, including statements
that relate to our environmental 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. Such factors include, but are not
limited to, changes in laws and regulation, global economic
conditions, the outcome of any litigation, our ability to develop
new products and services and the acceptance of these products in
the markets that we serve. Additional factors that could cause such
differences can be found in our Form 10-K for the year ended
December 31, 2021, as well as our subsequent reports on Form 10-Q
and other SEC filings. We assume no obligation to update these
forward-looking statements.
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. Learn more at tranetechologies.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20221024005263/en/
Media: Shelby Hansen +1 704-990-3835
Shelby.Hansen@tranetechnologies.com
Investors: Zachary Nagle +1 704-990-3913
InvestorRelations@tranetechnologies.com
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