Trane Technologies, a global climate innovator, has received the 2024 World’s Most Ethical Companies® recognition by Ethisphere, a pioneer in defining and advancing the standards of ethical business practices. This year, 136 honorees were recognized spanning 20 countries and 44 industries. Trane Technologies is one of ten honorees in the industrial manufacturing category.
The World's Most Ethical Companies assessment is grounded in Ethisphere's proprietary EthicsQuotient®, an extensive questionnaire that requires companies to provide over 240 different proof points on their culture of ethics; environmental, social, and governance (ESG) practices; ethics and compliance program; diversity, equity, & inclusion; and initiatives that support a strong value chain.
Strong value chain
“At Trane Technologies, we hold our team members and business partners to the highest legal, moral, and ethical standards, expecting them to do what’s right, always,” said Dave Regnery, chair and CEO of Trane Technologies. “That’s why it’s a tremendous honor to be recognized by Ethisphere as one of the World’s Most Ethical Companies®. We appreciate this recognition of how we hold our work to the highest expectations in pursuit of our purpose to challenge what’s possible for a sustainable world.”
“It’s always inspiring to recognize the World’s Most Ethical Companies®. Through the rigorous review process, we see the dedication of these organizations to continually improving their ethics, compliance, and governance practices to the benefit of all stakeholders,” said Erica Salmon Byrne, Ethisphere’s Chief Strategy Officer and Executive Chair.
Minimum business standards
The values they outline in these policies serve as their global minimum business standards
“Companies that elevate best-in-class cultures of ethics and integrity set a standard for corporate citizenship for their peers and competitors to follow. Congratulations to Trane Technologies for achieving this honor and demonstrating that strong ethics is good business.”
Trane Technologies promotes a responsible business culture through its Code of Conduct, Business Partner Code of Conduct, and Leadership Principles. Additionally, their Global Human Rights Policy and their Environmental, Health & Safety Policy reflect their dedication to protecting workers’ rights in their value chain. The values outlined in these policies serve as their global minimum business standards across the value chain.
Several additional recognitions
Broadly acknowledged for its transparency, credibility, and accountability, the company has recently received several additional recognitions for ethical behavior and corporate reputation.
Trane Technologies was named to the JUST 100 for the third consecutive year and finished first in the industry for the second consecutive year. It also was named to Fortune’s World’s Most Admired Companies list for the 12th consecutive year and was recognized as a pioneer in multiple categories including social responsibility and quality of management.
