Ingersoll Rand Speaker to Discuss Sustainable Development Goals at Sustainability Leadership Summit
MUMBAI, May 26, 2017 /3BL Media/ – Randy Newton, vice president of enterprise engineering at Ingersoll Rand, a world leader in creating comfortable, sustainable and efficient environments, will discuss Ingersoll Rand’s technology innovations in support of sustainable development goals (SDGs) at the India Sustainability Leadership Summit in Mumbai. The summit is hosted by The Energy and Resources Institute (TERI) Initiative and Frost & Sullivan.
Newton will participate in a panel entitled “Circular Economies and Newer Business Models Encouraging Businesses to Achieve Sustainable Development Goals” on May 26 from 9:30 -11 a.m. The summit brings together corporate leaders, NGOs, government and social agencies to share best practices and strategies for implementing and adopting SDGs into business models.
“Sustainability targets provide partnership opportunities for industry and government agencies to address the global challenge of climate change to develop market-based solutions,” Newton said. “Ingersoll Rand's commitment to the environment is evident in our investment in new technologies that provide higher energy efficiency in products and systems while implementing next-generation, low global-warming potential refrigerants.”
Newton will discuss continuing the paradigm shift toward low-emission pathways by promoting and developing systems and technologies that reduce greenhouse gas emissions and facilitate adopting renewable energy options. He will also talk about the role of technological innovation accelerating the transition toward adopting a low-carbon development trajectory.
Ingersoll Rand in 2014 established long-term sustainability targets to address the issues of greatest importance to the company, the environment and society, including the company’s operational footprint, customer outcomes, and corporate citizenship. The 17 U.N. SDGs cover economic, social development, and environmental protection metrics, and provide an opportunity for engagement and partnerships to address the global challenges.
Ingersoll Rand Climate Commitment
Ingersoll Rand made a commitment to significantly reduce GHG emissions from its products and operations by 2030. The company’s Climate Commitment pledges to:
- Cut the refrigerant GHG footprint of its products by 50 percent 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 percent by 2020.
To date, the commitment has supported the avoidance of approximately 6.7 million metric tons of CO2e globally, which is the equivalent of avoiding annual CO2 emissions from energy used in more than 700,000 homes. In support of the commitment, Ingersoll Rand launched EcoWise™, a portfolio of products designed to lower environmental impact with next-generation, low-global warming potential refrigerants and high efficiency operation. By 2030, the company expects to reduce its carbon footprint by 50 million metric tons.
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.
