Trane Technologies Recognized as One of Europe’s Climate Leaders by Financial Times
25 April 2024 - 12:50PM
Business Wire
Trane Technologies (NYSE:TT), a global climate innovator, has
been named to the Financial Times Europe’s Climate Leaders list for
the fourth consecutive year. This year’s list, compiled by the
Financial Times and market research company Statista, recognizes
European businesses whose Scope 1 and 2 GHG emissions intensity
fell the most between 2017 and 2022.
“We’re extremely honored to be recognized by Financial Times as
one of Europe’s climate leaders for the fourth year in a row,” said
Jose La Loggia, Group President, Europe, Middle East and Africa
(EMEA). “Leading change that drives impact is not new to Trane
Technologies. We’re driving meaningful action toward achieving our
ambitious sustainability commitments and science-based emission
reduction goals. We are climate innovators focused on bringing
solutions to customers that enable them to reduce their total
carbon footprint and we are proud to lead our industry in making a
significant impact on global greenhouse gas emissions, particularly
in the areas of heating and cooling and food loss.”
Trane Technologies is uniquely positioned to lead the movement
to tackle climate change and empower its customers to decarbonize.
In 2014, Trane Technologies established its first set of climate
commitments, and exceeded them two years early. Since then, the
company’s ambitions and actions have grown, with significant
progress toward its bold 2030 Sustainability Commitments and 2050
Net-Zero carbon target.
Through its Gigaton Challenge, announced in 2019, the company is
working with customers to reduce greenhouse gas emissions by 1
billion metric tons by 2030. This reduction equates to 2% of the
world’s annual emissions – or, the annual emissions of Italy,
France and the U.K. combined. It has also pledged to be net-zero by
2050, is first in industry to have its near and long-term emissions
reduction targets externally validated by the Science Based Targets
Initiative (SBTi) and is one of four Irish-based companies to be
recognized with an ‘A’ score for transparency on climate change by
CDP in 2023.
Trane Technologies continues to relentlessly invest in
sustainable innovation, accelerating decarbonization of buildings,
industry and the cold chain. Last November, the company announced
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. The company also called for quick action and
greater collaboration at the GCCA European Cold Chain Conference in
Brussels to ensure widespread adoption of technologies that reduce
carbon emissions and improve efficiency.
Earlier this year, Trane Technologies co-developed a roundtable
at the European Parliament that addressed the global impact of food
loss and the technologies and solutions required to reduce loss and
waste across the food chain. This session was aligned to the EU’s
commitment of meeting SDG 12.3 of halving per capita global food
loss and waste by 2030. In addition to saving more food for human
consumption, reducing food waste also lowers emissions. According
to Eurostat, food waste is responsible for about 16% of greenhouse
gas emissions from the EU food system.
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/20240425050316/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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