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Company Joins Fight Against Climate Change
Ingersoll Rand recently announced that it has joined representatives from hundreds of countries at the 23rd session of the Conference of the Parties to the United Nations Convention on Climate Change.
“We are pleased to participate in forums about the need for long-term climate change actions where our customers and the environment both benefit,” says Paul Camuti, senior vice president with Ingersoll Rand. “We believe sustainable business practices improve our operating footprint globally and deliver business results. We create a broad range of innovative solutions that provide options for our customers to determine when and how they can achieve their own climate goals.”
COP 23 convenes countries and various private sector organizations to share best practices in achieving national greenhouse gas (GHG) reduction targets.
Ingersoll Rand will participate this year, as in previous years, to ensure country-level delegates have access to the latest information on next-generation technologies and solutions can help them achieve their GHG reduction targets.
Ingersoll Rand made a Climate Commitment to reduce greenhouse gas 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 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.
As part of the company’s effort to reduce emissions, Ingersoll Rand evaluated its own operations at facilities and committed to reducing greenhouse gas (GHG) emissions within locations around the world. Examples of the company’s efforts include lighting upgrades, reducing carbon dioxide (CO2) emissions, waste reduction and water conservation.
To date, the company’s Climate Commitment has supported the avoidance of approximately 6.7 million metric tons of CO2 globally, which is the equivalent of avoiding annual CO2 emissions from energy used in more than 700,000 homes for one year. By 2030, the company expects to reduce its carbon footprint by 50 million metric tons.