Ingersoll Rand (NYSE:IR), a world leader in creating comfortable, sustainable and efficient environments, received a significant jump in its CDP score, moving up 13 points from the previous year, with an overall score of 93 in the CDP S&P 500 Climate Change Report. This year’s report again recognized Ingersoll Rand for its carbon management, gained through transparent reporting of greenhouse gas emissions, energy use and risks and opportunities associated with climate change.
“Our focus on embedding sustainability into our business processes continues to help advance our environmental performance,” said Scott Tew, executive director of the Center for Energy Efficiency and Sustainability at Ingersoll Rand. “We’re honored the CDP, a respected performance indicator, recognizes our continuing progress and we are proud to continue to take bold actions to address climate change.”
The CDP announcement comes on the heels of Ingersoll Rand’s Climate Commitment to increase energy efficiency and reduce greenhouse gas emissions related to operations and products by reducing the greenhouse gas refrigerant footprint of the company’s products by 50 percent and reducing greenhouse gas emissions from its operations by 35 percent by 2020. The company also committed to investing $500 million in more climate-friendly and energy-efficient products over the next five years. CDP is a globally recognized measurement tool the company will use to report progress toward this commitment.
The CDP provides this annual report, measuring progress achieved by 337 participating S&P 500 companies. The report scores the firms on their success in reducing emissions and addressing climate-related risks and opportunities.
Ingersoll Rand’s score has climbed steadily since it received a baseline of 55 in 2011. CDP credited Ingersoll Rand with increasing its transparency and introducing ongoing process improvements.
Ingersoll Rand produces a combined Annual and Sustainability Report, demonstrating the link between the company’s economic and social and environmental performance. The report details how the company is addressing urgent global challenges – an unsustainable demand for energy resources, the impact of urbanization on the environment, and the constant need for increased industrial productivity with lower resource intensity – in a way that is beneficial to customers and quantifies progress made toward achieving aggressive, publicly announced goals. To view the company’s most recent Annual and Sustainability Report, visit www.ingersollrand.com/sustainability.
About CDP and the Climate Change Report
CDP is a global not-for-profit organization, founded in 2000 and headquartered in London. CDP pioneered and provide the world’s only global natural capital disclosure system where over 4,500 companies, representing over 50 percent of the market capitalization of the world’s largest 30 stock exchanges, and 110 cities from 80 countries, report, share and take action on vital environmental information.
CDP operates their global disclosure system on behalf of 767 institutional investors representing over a third of the world’s invested capital and 66 companies with US$1.15 trillion of annual purchasing spend. The insights it brings enables investors, companies, cities and governments to understand and act on the business case for reducing impacts on the environment and natural resources.
About Ingersoll Rand
Ingersoll Rand (NYSE:IR) advances the quality of life by creating comfortable, sustainable and efficient environments. Our people and our family of brands—including Club Car®, Ingersoll Rand®, Thermo King® and Trane®—work together to enhance the quality and comfort of air in homes and buildings; transport and protect food and perishables; and increase industrial productivity and efficiency. We are a $12 billion global business committed to a world of sustainable progress and enduring results. For more information, visit www.ingersollrand.com.
Contacts:
Paige Muhlenkamp, 704-990-3282
paige_muhlenkamp@irco.com
