Ingersoll Rand to Cut Greenhouse Gas Emissions in Half by 2020; Invests $500 Million in Energy Efficiency to Address Climate Change
CEO Mike Lamach speaks at 2014 Clinton Global Initiative (CGI) Annual Meeting and UN Climate Summit to help solve the world’s unsustainable demand for energy resources
New York, September 22, 2014 /3BL Media/ – Ingersoll Rand (NYSE:IR), a world leader in creating comfortable, sustainable and efficient environments, stands on the global stage this week as part of the 2014 CGI Annual Meeting and United Nations Climate Summit to declare the importance of, and the company’s commitment to, reducing greenhouse gas emissions. Ingersoll Rand’s Commitment to Action will avoid the same amount of CO2 emissions that can result from powering nearly 2 million homes for one year.
The commitment increases energy efficiency and reduces the company’s climate impact with operational and product-related climate targets, including:
- A 50 percent reduction in the greenhouse gas refrigerant footprint of our products for our customers by 2020 and lower global warming potential alternatives across our portfolio by 2030;
- A $500 million investment in product-related research and development over the next five years to fund the long-term reduction of greenhouse gas emissions; and
- A 35 percent reduction in the greenhouse gas footprint of the company’s office buildings, manufacturing facilities and fleet by 2020.
“Energy efficiency requires action now and can be the most effective way of reducing greenhouse gas emissions,” said Michael W. Lamach, chairman and chief executive officer of Ingersoll Rand. “We are leading our industry toward a more sustainable world and are signaling to our customers, employees and shareholders that our future products will match our legacy of efficient, reliable and sustainable solutions. When we create more sustainable choices, improve our operating footprint globally and continue to develop lower greenhouse gas emission options, our customers – and the climate – benefit.”
Further details of Ingersoll Rand’s commitment are now publicly available on the 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 $12 billion global business committed to a world of sustainable progress and enduring results. For more information, visit www.ingersollrand.com.
Contact
Perri Richman
732-652-6943, prichman@irco.com
