Ingersoll Rand Ranks on CR Magazine’s 100 Best Corporate Citizens List
Celebrating its fourth consecutive year of recognition
SWORDS, Ireland — Ingersoll Rand is named to Corporate Responsibility (CR) Magazine’s annual 100 Best Corporate Citizens List for the fourth consecutive year.
The 100 Best Corporate Citizens List documents 260 data points of disclosure and performance measures harvested from publicly available information in seven categories: environment, climate change, employee relations, human rights, governance, finance, and philanthropy and community support.
“Ingersoll Rand is committed to improving all aspects of sustainability — business, social, and environmental — with the goal of creating long-term value for our people, our customers, and the communities in which we live and work,” said Michael W. Lamach, chairman and chief executive officer of Ingersoll Rand. “Achieving placement on the 100 Best Corporate Citizens List for the fourth year in a row is a humbling honor, and we are pleased to again be recognized for transparent and responsible business practices.”
The 100 Best Corporate Citizens List was first published in 1999 in Business Ethics Magazine, and has been managed by CR Magazine since 2007. To compile the list, every company in the Russell 1000 — the highest ranked stocks in the Russell 3000 Index of publicly held U.S. companies — is ranked according to 260 data points. The methodology for generating the list is governed by the Ratings and Rankings Thought Leadership Council of the Corporate Responsibility Association (CRA).
“CR Magazine is proud to present the only ranking list that doesn’t rely on self-reporting,” said Elliot Clark, CEO of CR Magazine. “Each year, the 100 Best Corporate Citizens List measures the success of the corporate responsibility movement by celebrating the most successful, most transparent companies who report on their responsible practices. We congratulate those honored on this year’s list for their commitment to corporate responsibility.”
CR Magazine provides case studies, analyzes best practices, and tracks trends in the five primary segments of CR: energy and the environment, risk management, governance and compliance, employee relations, and human rights.
Ingersoll Rand made a Climate Commitment to reduce greenhouse gas (GHG) emissions from its products and operations by 2030. The Ingersoll Rand Climate Commitment pledged to:
- Cut the refrigerant GHG footprint of its products by 50 percent by 2020 and incorporate lower global warming potential (GWP) alternatives across its portfolio by 2030;
- Invest $500 million in product-related research and development over the next five years to fund the long-term reduction of GHG emissions; and
- Reduce company operations-related GHG emissions by 35 percent by 2020.
To date, the company’s Climate Commitment has supported the avoidance of approximately 2 million metric tons of CO2 emissions globally, which is the equivalent of avoiding annual CO2 emissions from energy used in more than 270,000 homes or more than 2.1 billion pounds of coal burned. By 2030, the company expects to reduce its carbon footprint by 50 million metric tons.
For more information, visit www.ingersollrand.com.
Publication date: 4/24/2017