Corporate News

COP28 marked the first Global Stocktake, a key element of the five-year ambition cycle designed to ensure that countries ratchet up their ambition in line with the temperature goals of the Paris Agreement. The COP decision laid out a handful of priority actions needed to close the emissions gap, calling on countries to undertake steps including tripling renewable energy capacity and doubling energy efficiency by 2030, transitioning away from fossil fuels, substantially reducing methane and oth...

TE Connectivity, a globally renowned company in connectors and sensors, has been included in the Dow Jones Sustainability Index for the 12th consecutive year. This designation continues to demonstrate TE's dedication to sustainable business practices that provide value to its customers and are aligned with the company's commitments to its owners. Dow Jones Sustainability Index The Dow Jones Sustainability Index analyzes approximately 13,000 companies around the world using the Corporate Susta...

In response to the publication of the Scottish Government's 'Starting a National Conversation on the Heat Transition in Scotland,' Fiona Hodgson, Chief Executive of the Scottish and Northern Ireland Plumbing Employers Federation (SNIPEF), said, "We welcome the start of this crucial dialogue by the Scottish Government and particularly applaud the increased commitment to incorporating industry expertise into establishing achievable targets." She adds, "This represents a significant step forw...

New research from a pioneering construction professional body shows a large proportion of people would not buy a newly built property due to concerns over quality. The Chartered Institute of Building (CIOB) has published its ‘New Build Housing: How Regulation Can Improve the Consumer Journey’ report. It explores public perceptions of new build homes along with levels of awareness of the standards housebuilders must adhere to and where to turn for help when they’re not met....

The Construction Industry Council (CIC), through their Liability Panel, has written a new Risk Management Briefing, “Personal Liability of Employees”. The Briefing details Professional Indemnity Insurance (PII), when employees may be covered (and when not) how it impacts employers and employees, what employers should do and how employees can protect themselves. This guidance is important for all of those in the built environment to understand. As an employee there is a risk of perso...

Carrier Global Corporation, a globally renowned company in intelligent climate and energy solutions, entered into a definitive agreement to sell its global commercial refrigeration business to its decades-long joint venture partner - Haier (stock ticker: 600690) for an enterprise value of $775 million, including approximately $200 million of net pension liabilities. This represents about 16.5x 2023 expected EBITDA. The announcement follows last week's agreement to sell Carrier's Global Access S...

Airthings, the global pioneer in indoor air quality monitoring and energy-saving solutions, has announced a new partnership with Soter Technologies, a provider of innovative environmental sensors and software technology. This collaboration seamlessly integrates the Airthings for Business solution into Soter’s portfolio to complement Soter Technologies’ FlySense® Vape Detection devices. Monitoring air quality This partnership extends the scope of monitoring air quality in vario...

New research from Fair Fix, the boiler engineer experts, reveals that the number of plumbing and heating businesses operating in the UK has increased by 3% in 2023, which is good news for any homeowners and a result of increasing self-employment opportunities rising within the industry. Growth in the industry Fair Fix has analyzed the number of plumbing, heating, and air conditioning enterprises in the UK and how this number has changed over 2023, discovering that the industry is growing in si...

Toshiba Carrier has become an official partner to Sale Sharks, one of Europe’s top professional Rugby Union clubs, for the 2023/2024 Gallagher Premiership Rugby season.  Toshiba Carrier UK Ltd (TCUK) is part of Carrier Global Corporation, a global pioneer in intelligent climate and energy solutions.   History of supporting rugby Toshiba has a long history of supporting rugby having previously sponsored Rugby World Cups and the Japanese team. Closer to home, this new...

Trane Technologies, a global climate innovator, announced the appointment of Riaz Raihan as Chief Digital Officer, effective December 11. Raihan will report to Chair and CEO Dave Regnery as part of the executive leadership team and will lead the digital strategy for Trane Technologies globally. “The appointment of Riaz as Chief Digital Officer is an exciting milestone for Trane Technologies as we continue to broaden our digital services and solutions,” said Dave Regnery, t...

Trane Technologies, a global climate innovator, has been 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. The company performed in the 98th percentile in the Building Products industry in the S&P Global Corporate Sustainability Assessment (CSA score as of November 27, 2023), with a perfect score of 100 in the Resource Efficiency and Circularity category. Sustainability practices The No...

Johnson Controls, the pioneer for smart, healthy and sustainable buildings, announced it was named a pioneer in energy management software by independent industry analyst firm - Verdantix in its Green Quadrant: Energy Management Software 2023 report. "Buildings contribute nearly 40% of global emissions and new levels of efficiency and sustainability can only be achieved through digitalization," said Johnson Controls' Chief Technology Officer (CTO), Vijay Sankaran, adding "Recognition as a leade...

Trane Supply, Trane Technologies’ HVAC parts and supply solutions business, and A-Gas are making refrigerant reclaim easier than ever for Trane Supply Customers so that together, they can increase their positive impact on the environment.  Refrigerant reclamation involves processing used refrigerants to meet AHRI-700 specifications and performance. Reclaiming refrigerants reduces the need to manufacture virgin refrigerants, substantially reducing potential emissions and contrib...

Daikin UK, the UK’s heat pump manufacturer, has opened the doors to nine new centers and showrooms this year, growing its national Sustainable Home Network by almost 40% year on year. In 2023 alone, Daikin UK expanded its Sustainable Home Network by opening centers across England, Scotland and Wales – including Northampton, Sheffield, Yorkshire, Aberdeen and Port Talbot – in partnership with builders’ merchants, heating specialists and energy companies across the UK. Tr...

The number of active fleet management systems deployed in commercial vehicle fleets in Europe was 14.8 million at the end of 2022, according to a new research report from the IoT analyst firm - Berg Insight. Growing at a compound annual growth rate (CAGR) of 12.4 percent, this number is expected to reach 26.5 million by 2027. The top-38 vendors have today more than 100,000 active units in Europe. Berg Insight ranks Targa Telematics as the largest player in terms of active installed base with ar...

The global installed base of active remote tank monitoring (RTM) solutions reached 7.7 million units at the end of 2022, according to a new research report from the IoT analyst firm - Berg Insight. Growing at a compound annual growth rate (CAGR) of 25.0 percent, the active installed base is estimated to reach 23.5 million units worldwide in 2027. Berg Insight estimates that the European market accounted for more than 1.8 million active RTM systems at the end of 2022. The North American market i...

Ford and Resideo Technologies, Inc. announced a joint simulation project to explore vehicle-to-home (V2H) energy management called the 'EV-Home Power Partnership', designed to explore the potential of electric vehicle batteries to support optimal home energy management. full-size electric truck The project will explore, test, and quantify the customer benefits of pairing bi-directional EV charging with a Resideo smart thermostat to help customers potentially save money on monthly electric bill...

Sound is a critical consideration in the selection and application of fans. Despite this, fan sound remains one of the least understood topics in the air handling industry. This series of articles provides a better understanding and point of reference on how fan sound is developed, rated, applied, and controlled. Understanding the Development of Fan Sound Data and the Product Rating Process (FA/120-23) Products that are independently third-party tested and performance certified assure the...

Trade Jobs, a recruiting platform built specifically for the HVAC, electrical, and plumbing industries, was launched on November 13th, 2023. The company aims to address the ongoing and increasing employment crisis in the trades. 770,000 skilled job postings A report by Fox Business stated that there have been more than 770,000 skilled job postings from nearly 95,000 different employers across the country in 2023. With the older generation of skilled workers retiring, that number will likely...

Siemens has published its fiscal year 2023 Sustainability Report which demonstrates strong progress towards a range of targets. Since the baseline year of fiscal 2019, the CO2 emissions within Siemens’ own operations have been halved. In addition, more than 90 percent of Siemens’ business enables customers to have a positive sustainability impact: With the aid of Siemens technologies sold in fiscal 2023, customers will avoid around 190 million tons of CO2 emissions–an imp...

Ford and Resideo Technologies, Inc. announces a joint simulation project to explore vehicle-to-home (V2H) energy management called the ‘EV-Home Power Partnership,’ designed to explore the potential of electric vehicle batteries to support optimal home energy management. The project will explore, test and quantify the customer benefits of pairing bi-directional EV charging with a Resideo smart thermostat to help customers potentially save money on monthly electric bills, reduce stra...

Takyeef Factory LLC, one of the major OEM manufacturers of HVACR equipment in the Gulf, has joined the Eurovent Middle East association, driven by its mission on delivering a broad portfolio of premium international products and underlining its commitment to support energy efficiency and sustainability initiatives in the region. Located on 30,000 square meters in the Industrial City of Abu Dhabi (ICAD), Takyeef specializes in the manufacturing of standard and customized HVACR equipment, includi...

The owner of an acclaimed new Cotswolds hotel has showered building services company - Campbell West with praise for its role in transforming the former 16th-century coaching house. Matthew Freud, one of the public relations industry’s pioneering figures, paid tribute to the Berkshire-based firm for “outstanding professionalism” following the opening of ‘Bull - A Coaching Inn’ in Burford, Oxfordshire. transforming the property He enlisted their services after set...

Design of buildings and spaces needs to remove barriers to inclusivity - including age, disability, ethnicity, gender, and neuro-divergence. As the world mark’s the UN’s International Day of Persons with Disabilities, the Institution of Structural Engineers (IStructE) announces new guidance, Inclusive design for structural engineers. Aimed at all professions in the built environment, the guidance challenges perceptions that inclusive design is expensive and costs more. Collective ex...

ABM, a pioneering provider of facility services, infrastructure and eMobility solutions, announced the initiation of an Energy Performance Contracting program for Orange County Public Schools (“OCPS”), in central Virginia, USA. This marks the third energy savings project for OCPS by ABM. This new project creates an additional $6.7 million in projected energy and operating cost savings over a twenty-year period and includes an extensive upgrade to a critical HVAC mechanical system an...

Budderfly, the premier sustainability partner for businesses with repeatable footprints, announced a strategic partnership with Fujitsu General America, Inc., a subsidiary of one of Japan’s providers of air conditioning and heat pump equipment Fujitsu General Limited, to develop and deploy high-efficiency energy technologies for mid-market businesses across the United States. AIRSTAGE Variable Refrigerant Flow Under the terms of the agreement, Budderfly will leverage FGAI’s AI...

Business Development Resources (BDR), the training and business coaching authority for home services industry professionals, introduces its Emerging Business Academy, a streamlined version of its flagship coaching program tailored to the unique needs of growing small businesses. BDR’s Emerging Business Academy, designed for businesses with four people or fewer, guides motivated owners to put specific foundational systems and processes into place to reach revenues of $1 million and beyond....

According to a survey of U.S. homeowners conducted by Mitsubishi Electric Trane HVAC US (METUS), 63% of American homeowners have heard of the Inflation Reduction Act (IRA) and 54% ranked government incentive (such as a tax credit or rebate) as one of their top three reasons why they would consider installing a heat pump. These findings, among others, were uncovered by the METUS 2023 Heat Pumps & Homeowners Index. The survey explored American homeowners’ attitudes toward the IRA a...

Release of the International Energy Agency’s (IEA) Energy Efficiency 2023 report shows that not enough progress is being made on energy efficiency. The report reveals a slowing in global improvements in energy intensity-the IEA’s primary measure of energy efficiency–and, in response, Danfoss President and CEO, Kim Fausing is calling on governments to commit to doubling the rate of energy efficiency improvements by 2030 at COP28 to limit global warming to 1.5°C. Keys to me...

Baltimore Aircoil Company (BAC) announces enhancements to the Vertex® Evaporative Condenser, where peak reliability meets easy maintenance. For models with the EC Fan System, enhanced controls are now available including a user interface and integral pump control which maximizes uptime and reliability. “In 2018, when we launched the Vertex evaporative condenser, we began our innovation process by seeking to understand what our customers really need and want from us. After that launch,...