Ingersoll Rand recently took the world stage at two important events, the Clinton Global Initiative’s 2014 Annual Meeting and the United Nations Climate Summit 2014. Michael W. Lamach, chairman and chief executive officer of Ingersoll Rand, attended both events and committed to significantly increase energy efficiency and reduce climate impact from the organization’s operations and product portfolio by 2020.
“Energy efficiency requires action now and can be the most effective way of reducing greenhouse gas emissions,” said Lamach. “We are leading our industry toward a more sustainable world and are signaling to our customers, employees and shareholders that our future products will match our legacy of efficient, reliable and sustainable solutions. When we create more sustainable choices, improve our operating footprint globally and continue to develop lower greenhouse gas emission options, our customers – and the climate – benefit.”
Ingersoll Rand’s Climate Commitment has three elements:
- A 50 percent reduction in greenhouse gas refrigerant footprint of products by 2020 and incorporating alternatives with lower global warming potential across the company’s product portfolio by 2030
- A $500 million investment in product-related research and development over the next five years to fund the long-term reduction of GHG emissions
- A 35 percent reduction in greenhouse gas footprint of operations by 2020
This commitment will result in the avoidance of approximately 20,850,000 metric tons of CO2e globally by 2020, which is equivalent to the energy used by nearly 2 million homes for one year.
“Protecting the climate requires a deeper commitment from all the citizens of the world, including our corporate citizens,” said Durwood Zaelke, president of the Institute for Governance and Sustainable Development. “Customers must demand more and industry leaders must harness our inventive genius to deliver the climate-friendly products of the future. Ingersoll Rand’s climate commitments show that it is listening—and delivering,” he continued.
Ingersoll Rand will introduce products across its industrial and climate portfolio that are significantly more energy and operationally efficient. Two of the company’s climate brands, Trane and Thermo King, will introduce products over the next five years that use refrigerants with lower global warming potential and fit into the environmental plans of customers without compromising safety, performance and efficiency.