NEW YORK — Ingersoll Rand stood on the global stage as part of the 2014 Clinton Global Initiative (CGI) Annual Meeting and United Nations Climate Summit to declare the importance of, and the company’s commitment to, reducing greenhouse gas emissions. Ingersoll Rand’s Commitment to Action will avoid the same amount of CO2 emissions that can result from powering nearly 2 million homes for one year.
The commitment increases energy efficiency and reduces the company’s climate impact with operational and product-related climate targets, including a 50 percent reduction in the greenhouse gas refrigerant footprint of products by 2020 and an increase in the number of lower-GWP (global warming potential) alternatives across its 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 greenhouse gas emissions; and a 35 percent reduction in the greenhouse gas footprint of the company’s office buildings, manufacturing facilities, and fleet by 2020.
“Energy efficiency requires action now and can be the most effective way of reducing greenhouse gas emissions,” said Michael W. Lamach, chairman and CEO, Ingersoll Rand. “We are leading our industry toward a more sustainable world and are signaling to our customers, employees, and shareholders 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 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 GWP and fit into the environmental plans of its customers without compromising safety, performance, and efficiency. Ingersoll Rand will also standardize its approach to minimizing refrigerant leakage in product design and reliability, manufacturing, and servicing practices.
As part of Ingersoll Rand’s product plans, the company has committed a total of $500 million to product-related research and development by 2020. It will work with other industry experts to help identify a lower-GWP roadmap for areas without viable alternatives, especially in hot climates; work with universities to develop and test alternative technologies to address areas, such as atmospheric life, heat transfer properties, and overall performance; and work with building owners and industrial and transport customers to understand their needs and demonstrate the performance of next-generation technologies. The company will reduce operational greenhouse gas emissions by lowering energy consumption, investing in technology, and improving its fleet fuel economy.
Further details of Ingersoll Rand’s commitment are now publicly available at www.ingersollrand.com.
Publication date: 10/6/2014