Big Companies are Making Big Commitments

(3BL/JustMeans) The biggest companies are making the biggest climate change commitments. One example is Ingersoll Rand’s commitment at the 2014 UN Climate Summit. In September 2014, Ingersoll Rand pledged to significantly reduce the greenhouse gas (GHG) emissions from both its operations and products by 2030. The commitment included pledging to reduce GHGs from refrigerants and invest in research and development.

Specifically, Ingersoll Rand pledged to:

  • Reduce 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 over a five-year period in order to fund reducing GHG emissions over a longer period.
  • Reduce GHG emissions from operations by 35 percent by 2020.

The $500 million pledged for product research and development by 2020 will be used in a variety of ways. One of those ways is helping identify a lower global warming potential roadmap for regions without viable alternatives, with a focus on hot climates. Other ways the monies will be used include working with universities to develop and test alternative technologies, and working with building owners and industrial and transport customers to demonstrate the performance of next-generation technologies.

There are a variety of ways that Ingersoll Rand seeks to reduce the GHG emissions from its operations. Energy efficiency is one of the key ways. The company continues to retrofit its facilities with more energy efficient equipment. It is also focusing on its fleet, namely buying new vehicles that have lower fuel use.

The company’s efforts are paying off. Its climate commitment has avoided about two million metric tons of carbon dioxide emissions globally, which is equivalent to the annual carbon emissions from the electricity use of almost 300,000 homes and over 2.3 billion pounds of coal burned. Ingersoll Rand expects to reduce its carbon footprint by 50 million metric tons by 2030.

In 2015, Ingersoll Rand launched its EcoWise portfolio which endorses its products that use a refrigerant with low global warming potential and operate with high efficiency. Four products were added to the portfolio. Last year, the company collaborated with the Western Cooling Efficiency Center at the University of California at Davis to test and validate alternatives to
R-410A refrigerant.In addition, the company launched a web-based tool, with sustainability expert ThinkStep, to collect product-related GHG emissions data.

Ingersoll Rand’s commitments to the environment began years ago. In 2010, the company launched the Center for Energy Efficiency and Sustainability (CEES) which helps it understand how sustainability can be beneficial. It includes four focus areas: innovation and product stewardship, issues and advocacy, external partners, and community and employee engagement.

Photo: Ingersoll Rand

Sources

http://3blmedia.com/News/Ingersoll-Rand-Issues-Extensive-Update-Its-Global-Climate-Commitment-Clinton-Global-Initiative
http://company.ingersollrand.com/ircorp/en/discover-us/sustainability/our-climate-commitment.html
http://investor.shareholder.com/ir/releasedetail.cfm?ReleaseID=871992
http://company.ingersollrand.com/ircorp/en/discover-us/sustainability/cees.html
http://company.ingersollrand.com/ircorp/en/discover-us/sustainability/climate-study.html