Trane Technologies, a global climate innovator, announced that it plans to cut its product carbon emissions by nearly 50% by 2030, and that its ambitious emissions reduction targets have been validated by the Science Based Targets Initiative (SBTi).
Cutting product emissions in half over the next decade supports Trane Technologies’ 2030 Sustainability Commitments, including its Gigaton Challenge to reduce customer emissions by one billion metric tons. It also supports the Paris Agreement goal to limit global warming to 1.5 degrees Celsius, which will require net-zero global carbon emissions by 2050.
“As a climate innovator, we can make a significant contribution to solving climate change,” said Mike Lamach, chairman and chief executive officer for Trane Technologies. “Fifteen percent of the world’s carbon emissions come from heating and cooling buildings, and another 10% from global food loss. We are transforming our operations and revolutionizing the way the world heats and cools buildings and moves refrigerated goods.
“The SBTi-validation adds third-party credibility to our actions - we have real commitments, based on facts and data, that are externally validated and aligned with climate science. It will take a global response to address the growing climate emergency. We urge other companies to join us in taking bold actions to reduce greenhouse gas emissions and backing them up with science-based targets. Our team around the world is working hard every day to fulfill our purpose and pioneer a more sustainable and equitable future.”
Trane Technologies takes a collaborative approach to sustainability through its Center for Energy Efficiency and Sustainability (CEES) and partnerships with governments, environmental leaders, NGOs, and its Advisory Council on Sustainability. Andrew Winston, environmental consultant, author of Green to Gold, and member of the advisory council added, “Trane Technologies’ science-based targets are an important step in the right direction. Companies can play an active role in the fight against climate change if they set goals ─ and live by them ─ to cut emissions at the rapid pace that science demands."
Trane Technologies continues to make progress against its 2030 Sustainability Commitments through action including:
- Launch of Sintesis Balance, a zero-emission solution for commercial heating and cooling when paired with renewable energy
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Transition of 15 manufacturing locations to 100% renewable energy
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Electrification of Thermo King’s sustainable transport temperature control solutions including the fully electric, zero-emission E-200 refrigeration unit
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The company is especially proud to be one of 615 companies worldwide with science-based targets and one of only 47 companies to have its targets verified by SBTi twice. Even fewer companies have had their targets verified twice at the highest ambition level, which is those commitments that support limiting global warming to 1.5 degrees.
In 2014, the company set ambitious greenhouse gas (GHG) reduction targets, which were also verified by SBTi. It met all its 2020 sustainability commitments two years early, including reducing the refrigerant-related GHG footprint of its products by 53%, reducing the GHG footprint of its operations by 45% and investing more than $500 million in product-related research and development to fund long-term GHG reductions. The company’s 2030 commitments reflect even higher goals for environmental and social sustainability.
