Trane Technologies S&P Global Environmental, Social and Governance (ESG) Evaluation Score Reflects Focus on Sustainability and Preparedness
SWORDS, Ireland, May 25, 2021 /3BL Media/ – S&P Global Ratings has assigned Trane Technologies (NYSE: TT) an Environmental, Social and Governance (ESG) evaluation score of 78. The company's score is the result of its ESG profile with ‘preparedness opinion’ of strong, and places the company among the highest scoring industrial firms. Higher ESG scores indicate stronger sustainability performance in the S&P evaluations.
Trane Technologies S&P Global Ratings ESG Evaluation score is driven by its leadership in delivering sustainable products and services to customers, and addressing and reporting on its own operational impacts. The company was recognized for being effective at identifying long-term trends and spurring innovation. The company continues to set and achieve ambitious sustainability targets, moving toward low-emission, high-efficiency products to support customer sustainability goals.
“Sustainability is at the center of our strategy – it’s who we are and how we operate,” said Paul Camuti, chief technology and strategy officer and executive vice president for Trane Technologies. “We have set ambitious targets as part of our 2030 Sustainability Commitments to reduce our customers’ emissions by a gigaton – one billion metric tons – and increase diversity and inclusion. Recently, we’ve also tied compensation for 2,300 leaders in the company to our ESG metrics.
“These commitments, along with our world-class safety record, and strong corporate governance help us to continually increase our ESG ratings and rankings. The ratings, in turn, help us to evaluate risks and opportunities and accelerate our efforts to make a positive impact for a more sustainable world.”
Trane Technologies’ ESG evaluation score is reflective of its long-term strategy centered on four global megatrends - urbanization, climate change, resource constraints, and workforce demographics. These trends will necessitate a vastly different suite of products and services and a greater focus on the risks and opportunities posed by environmental and social factors. The company’s leadership and employees are well-prepared to innovate quickly in pursuit of attaining its goals and driving sustainability throughout the organization.
About Trane Technologies
Trane Technologies is a global climate innovator. Through our strategic brands Trane and Thermo King, and our environmentally responsible portfolio of products and services, we bring efficient and sustainable climate solutions to buildings, homes, and transportation. Learn more at tranetechologies.com.