Ingersoll Rand Marks Climate Commitment Achievement at White House HFC Reduction Roundtable
Davidson, NC, Oct.15, 2015 – Ingersoll Rand (NYSE: IR), a world leader in creating comfortable, sustainable and efficient environments, announced at the White House HFC Reduction Roundtable, progress on its Climate Commitment to reduce greenhouse gas emissions from its products and operations by 2030. The Ingersoll Rand Climate Commitment is a pledge to:
· Cut the refrigerant-related greenhouse gas (GHG) footprint of its products by 50% 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% by 2020.
At the White House event, the company shared that its Thermo King® trailer, self-powered truck, and marine refrigeration products with strong efficiency performance and lower-GWP refrigerants will be available to U.S. customers by 2017, pending U.S. EPA Significant New Alternatives Policy (SNAP) approval. And that its Trane® high-performance chiller portfolio with low-GWP refrigerant alternatives will be available in the U.S. by the end of 2018, with commercial availability dependent on receiving SNAP approval for select new refrigerants. These products are part of the Ingersoll Rand EcoWise portfolio that endorses the company’s refrigerant bearing products that meet certain criteria for safety, efficiency, refrigerant use and greenhouse gas emissions.
This is the second annual White House Industry Leader Roundtable focused on curbing emissions of hydrofluorocarbons (HFCs). In 2014, 22 private-sector companies made HFC-related commitments that will avoid 700 million metric tons of CO2e through 2025. During the 2015 event, companies like Ingersoll Rand will report on progress and highlight new commitments.
“In delivering our Climate Commitment, we made a profound, long-term environmental pledge to our employees, customers and shareholders to address the unsustainable global demand for energy resources and its impact on the environment,” said Paul Camuti, senior vice president of innovation and chief technology officer of Ingersoll Rand. “We have transformed our approach to energy efficiency and greenhouse gas reductions and are making strong progress in reducing the climate impact of our portfolio. We are encouraged to see so many in the HVAC industry joining us to tackle the global challenges surrounding climate change and resource scarcity.”
In the first year, the company’s Climate Commitment led to the avoidance of approximately 1.5 million metric tons of CO2e which is equivalent to the CO2 emissions from burning more than 1.6 billion pounds of coal and the electricity use of more than 200,000 homes for one year. By 2030, the company expects to reduce its carbon footprint by 50 million metric tons.
As the company continues to execute upon its Climate Commitment, it will advance high performance, low GWP solutions for its customers, and will continue to measure and reduce the carbon footprint of its facilities and fleet. These solutions will continue to match the Ingersoll Rand legacy of efficient, reliable and sustainable innovations that delight the marketplace and exceed expectations.
For more information on the Ingersoll Rand Climate Commitment, visit our website.
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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 $13 billion global business committed to a world of sustainable progress and enduring results. For more information, visit www.ingersollrand.com.
Perri Richman, Ingersoll Rand