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Ingersoll Rand, Selected for Seventh Consecutive Dow Jones Sustainability World and North America Indices
For the seventh consecutive year, Ingersoll Rand, a creator of comfortable, sustainable and efficient environments, has been named to the Dow Jones Sustainability World and North America Indices. Continued placement on this index series showcases the company’s position as an economic, environmental and social leader among peer companies.
Ingersoll Rand products and services heat, cool and automate homes and buildings; enhance commercial and industrial productivity; keep transported food and perishables safe and fresh; and deliver fun, efficient and reliable transportation solutions. Our business operations reflect a longstanding commitment to innovation, sustainability and corporate citizenship aimed at leading the way to a better world.
“There’s more to a company’s purpose than generating great financial results,” says Michael W. Lamach, chairman and chief executive officer of Ingersoll Rand. “We have an obligation to anticipate and address pressing global trends that impact the way we live, work and move. That’s why our focus on business, social and environmental sustainability guides both what we do and how we do it. Inclusion on the Dow Jones Sustainability World and North America Indices over the past seven years is an honor, and recognizes the longstanding positive impact our people have on the world.”
The Dow Jones Sustainability Indices launched in 1999 as the first global sustainability benchmarks. The indices are offered cooperatively by RobecoSAM and S&P Dow Jones Indices. The indices serve as benchmarks for investors who integrate sustainability considerations into their portfolios, and provide an effective engagement platform for companies who want to adopt sustainable best practices. Ingersoll Rand Climate Commitment
Ingersoll Rand made a commitment to significantly reduce greenhouse gas (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. To support 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.