- Trane Technologies (TT, Financial) reports a significant reduction of 237 million metric tons in customer carbon emissions since 2019.
- The company has achieved a 44% reduction in its own operational emissions, aligning with its 2030 sustainability targets.
- Trane Technologies continues to lead in sustainability with a fourth consecutive year of over 20% adjusted EPS growth.
Trane Technologies (TT), a global climate innovator headquartered in Swords, Ireland, is making significant strides in its sustainability initiatives. According to its 2024 Sustainability Report, the company has successfully reduced customer carbon emissions by 237 million metric tons since 2019, a critical step towards its Gigaton Challenge of cutting one billion metric tons by 2030. This achievement is equivalent to the emissions generated from using nearly 27 billion gallons of gasoline.
The report highlights Trane Technologies' dedication to sustainability, with the company achieving a 44% reduction in operational emissions since 2019, moving closer to its goal of a 50% reduction by the end of the decade. Moreover, the company has fulfilled 68% of its global electricity demand using renewable energy sources, demonstrating a firm commitment to decarbonization.
In 2024, the company launched 190 new products, including a significant refresh of its portfolio to incorporate low global warming potential refrigerants. This aligns with strong customer demand for sustainable solutions and has contributed to Trane Technologies reporting a fourth consecutive year of more than 20% adjusted EPS growth.
Furthermore, the sustainability report outlines significant reductions in water usage—49% overall and 27% at facilities located in water-stressed regions. The company has also achieved zero waste to landfill at 80% of its global manufacturing sites.
Trane Technologies continues to integrate sustainability into its strategic framework, fostering a company culture that is not only ethical and sustainable but also highly engaged. The employment engagement score reached 82 out of 100, placing the company in the top quartile of benchmarked entities.
The company's proactive steps have been recognized with multiple industry awards, including being listed on the Dow Jones Sustainability Index for the 14th consecutive year and earning positions on the CDP Climate Change 'A' List and Corporate Knights' Global 100.
