CEO Statement

It's no overstatement to say that 2008 was a remarkable year for Ingersoll Rand. Through the acquisition of Trane, we transformed ourselves into a cohesive company of approximately 60,000 talented people. These individuals, along with our expanded portfolio of services, systems, and solutions, make Ingersoll Rand uniquely qualified to help our customers meet sustainability challenges they face every day, such as energy efficiency, food preservation, safety, comfort, and security.

Sustainability is at the core of who we are and what we do. Energy efficiency - with its large social, economic, and environmental implications - is a benefit tied to many of our products, services, and our own operations. Each time we help customers reduce their energy demands, we are creating a positive ripple effect that results in reduced greenhouse gas emissions, a cleaner environment, and cost savings over the long term.

The global economic situation makes it more important than ever that we remain committed to improving the triple bottom line of our economic, environmental, and social performance. Meeting our own productivity goals means working safely, working efficiently, and using our skills to develop innovative solutions that address the challenges faced by ourselves and our customers. These challenges cover a broad range of issues, from investing in innovation to achieve future growth to managing the phase-out of ozone-depleting refrigerants.

We've made significant strides during the past year. We established a sustainability strategy council, which has responsibility for defining and leading our sustainability efforts and providing leadership in the areas of green buildings, energy efficiency, and refrigeration. We've set enterprise-wide environmental, energy, and safety goals, and we continue to use the skills and solutions that we provide to our customers to help us meet these goals. We're joining the U.S. Environmental Protection Agency's Climate Leaders initiative, a voluntary program for tracking and reporting greenhouse gas emissions and setting reduction goals.

Based on our performance, in 2008 we were pleased to be listed for the first time on the Dow Jones Sustainability Index for North America, as well as several socially responsible investment indices.

Looking forward, we will continue to apply our expertise and knowledge to remain a world leader in creating and sustaining safe, comfortable, and efficient environments where we all work, live, and play. We will continue to drive innovation in goods and services that will help us maintain this leadership position, improve our internal productivity and energy efficiency, and increase our global reach.

We value transparency, honesty, respect, and dignity in our relationships with others: our customers, investors, employees, and the local communities in which we operate. I encourage you to read this Sustainability Report and visit the sustainability section of our website at www.ingersollrand.com for more information on our goals, performance, challenges, and opportunities. Together, we will create solutions for a more sustainable world, now and in the future.

Herbert L. Henkel
Chairman, President and
Chief Executive Officer
May 2009