Trane Technologies, a global climate innovator, is accelerating growth and delivering continued, industry-top financial performance, while advancing the company’s bold 2030 Sustainability Commitments.
Trane Technologies' latest Environmental, Social, and Governance (ESG) Report, 'Accelerating Action for Impact', highlights the company’s relentless investment in sustainable innovation, its uplifting, engaging culture, and substantial progress toward its externally validated 2030 Sustainability Commitments and 2050 net-zero goals.
Transformative climate goals
The company has reduced 157 million metric tons of carbon from customers' emissions since 2019
The company has reduced 157 million metric tons of carbon from customers' emissions since 2019, while delivering a third consecutive year of more than 20% adjusted EPS growth.
“We continue to innovate, and grow, to address climate change at scale,” said Dave Regnery, Chair and CEO of Trane Technologies, adding “As we deliver on our pioneering, transformative climate goals, we are driving innovation and return on investment for our customers, uplifting our communities and positively shaping our industry.”
Strong sustainability performance
“Our strong sustainability performance begins with our culture, where sustainability is integrated into every role and function and reflects our shared belief in our ability to have a meaningful impact,” said Paul Camuti, Chief Technology & Sustainability Officer of Trane Technologies.
He adds, “By placing sustainability at the center of our business strategy, we are addressing global challenges through tangible actions – scaling today’s technology and innovating for tomorrow.”
Trane Technologies’ 2030 Sustainability Commitments
Trane Technologies’ 2023 ESG Report is a comprehensive, framework-aligned set of data that provides transparency and accountability.
Notable advancements made in 2023 toward Trane Technologies’ 2030 Sustainability Commitments and other areas include (compared to the 2019 baseline unless otherwise noted):
- Gigaton Challenge: Reduced 157 million metric tons of carbon–equivalent to the emissions generated from nearly 18 billion gallons of gasoline–from customers’ emissions toward the Gigaton Challenge, a pledge to reduce one billion metric tons of carbon from emissions by 2030.
- Carbon Neutrality: Reduced operational (Scope 1 and 2) emissions by 44%, ahead of schedule toward reaching the science-based target of 50% reduction and carbon-neutral operations across the company’s footprint by 2030.
- Absolute Energy: Reduced absolute energy use by 4% toward the 10% goal, even as demand and production increased.
- Renewable Energy: Met 68% of global electricity demand through renewable energy sources.
- Water and Waste: Reduced water usage by 26% at facilities in water-stressed regions for a 33% decrease in total water use and achieved zero waste to landfill at 85% of global manufacturing sites.
- Gender Parity: Increased women in management roles to 25.2% and achieved gender parity on the Board of Directors, with women occupying six out of 12 seats.
- Volunteerism: Completed 92,517 employee volunteer hours in 2023, reaching 47% of our 2030 goal.
- Workforce Innovation: Repositioned policy of tuition reimbursement to tuition advancement to further enable opportunities for learning by reducing the upfront financial burden–increasing program participation by 39% compared to the prior year. Launched pioneering, skills-based Trane® Technician Apprenticeship Program, nationally registered through the U.S. Department of Labor, welcoming more than 80 apprentices from 26 states.
Prominent awards, ratings, and listings
A series of prominent awards, ratings, and listings also recognized Trane Technologies for its industry-renowned sustainability performance and company culture:
- Dow Jones Sustainability Index (13th consecutive year listed on North America Index, 3rd on World Index)
- Just Capital’s JUST 100 List (ranked 1st in Buildings Materials & Construction industry, 56th overall)
- CDP Climate Change ‘A’ List
- Fortune’s World’s Most Admired Companies
- Corporate Knights (ranked 23 on the 2024 Global 100)
- Ethisphere® Institute’s World’s Most Ethical Companies
- Financial Times “European Climate Leaders 2023”