SOURCE: Ingersoll RandDESCRIPTION:
DAVIDSON, N.C., Aug. 4, 2016 /3BL Media/ – Ingersoll Rand (NYSE:IR), a world leader in creating comfortable, sustainable and efficient environments, is again listed on the FTSE4Good Index Series. Created by the global index company FTSE Group, FTSE4Good is an equity index series designed to measure the performance of companies demonstrating strong environmental, social and governance (ESG) practices.
Companies in the series have met stringent ESG criteria. Ratings are designed to measure the ESG risk and performance of companies worldwide and provide market participants with a tool to be used in portfolio design and management against ESG criteria, or as a framework for corporate engagement and stewardship.
“Inclusion on the FTSE4Good index two years running is further verification that our performance matches the commitment of our employees to integrating sustainability in ways that are valuable to customers and to the vision and purpose of Ingersoll Rand,” said Paul Camuti, senior vice president of innovation and chief technology officer of Ingersoll Rand. “While we are pleased with the FTSE4Good listing, we realize that we must continue to improve our business practices, product innovation and community engagement in ways that make the world a better, more sustainable place to live.”
FTSE Group confirms that Ingersoll Rand has been independently assessed according to the FTSE4Good criteria and has satisfied the requirements to become a constituent of the index.
Ingersoll Rand Climate Commitment
In 2014, Ingersoll Rand announced its Climate Commitment to reduce greenhouse gas (GHG) emissions from its products and operations by 2030. The Ingersoll Rand Climate Commitment pledges to:
- Cut the refrigerant GHG footprint of its products by 50 percent by 2020 and incorporate lower-global warming potential alternatives across its portfolio by 2030;
- Invest $500 million in product-related research and development by 2020 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 CO2e 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.
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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.
KEYWORDS: Awards & Recognition, Business & Trade, climate commitment, esg, FTSE, FTSE4Good, Paul Camuti, GHG, refrigerant ghg, Ingersoll Rand