Facebook Twitter LinkedIn Google+


Ingersoll Rand to Cut Greenhouse Gas Emissions in Half by 2020

 

NEW YORK — Ingersoll Rand (NYSE:IR) 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:

  1. 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;
  2. 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
  3. 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're leading our industry toward a 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.”

Ingersoll Rand will introduce products across its industrial and climate portfolio that are significantly more energy and operationally efficient. Two of the company’s climate brands, Trane and Thermo King, will introduce products over the next five years that use refrigerants with lower global warming potential and fit into the environmental plans of our customers without compromising safety, performance and efficiency.

The company is committed to addressing all factors that contribute to our products’ greenhouse gas emissions: energy consumption and refrigerant charge, leakage and technology. Although HVACR and transport refrigeration products are designed to prevent leaks, products can sometimes leak refrigerant during manufacturing or shipping – or during or following installation from loose joints and from repetitive service. Ingersoll Rand will standardize its approach to minimizing refrigerant leakage in product design and reliability, manufacturing and servicing practices.

As part of Ingersoll Rand’s product plans, the company has committed a total of $500 million to product-related research and development by 2020. It will:

  • Work with other industry experts to help identify a lower global warming potential roadmap for areas without viable alternatives, especially in hot climates;
  • Work with universities to develop and test alternative technologies to address areas, such as atmospheric life, heat transfer properties and overall performance; and
  • Work with building owners and industrial and transport customers to understand their needs and demonstrate the performance of next-generation technologies.

For additional information, visit company.ingersollrand.com/ircorp/en/.