Original Article by Trane Technologies
A shared understanding of measurements and reporting mechanisms provides the foundation for trust with employees, investors, customers and communities.
In 2022, we made significant progress toward our targets for our 2030 Sustainability Commitments. In our 2022 ESG Report, we shared a first glance at our Net-Zero Roadmap to offer insight into exactly what actions we are taking in the near-term to advance our ambition with a positive and lasting impact. We also shared that our actions have been broadly recognized by trusted voices in the sustainability community. Why is that important?
As we move forward through a decade that demands action and collaboration, it will be even more important to maintain the trust of our employees and our stakeholders and continue to build trust with new communities. Operating with a shared understanding of measurements, reporting mechanisms, and frameworks provides the foundation of that trust.
Recognized for our approach - and results
Our investors, our customers and our communities appreciate the value of third-party validation—for transparency, credibility and accountability. In their 2023 “Rate the Raters” Survey, The SustainABILITY Institute cited growing investor demand for ESG ratings, with 57% of companies citing it as their top motivation for engaging with ESG raters.
- For example, we were named to the Dow Jones Sustainability Index (DJSI) Index for the twelfth consecutive year. We performed in the 97th percentile in the Capital Goods industry in the S&P Corporate Sustainability Assessment, with perfect scores of 100 in both the environmental reporting and social reporting categories. The DJSI World Index represents the top 10 percent of the 2,500 largest companies in the S&P Global Broad Market Index based on long-term economic, environmental and social criteria.
- We were also recognized for corporate environmental transparency by the Climate Disclosure Project (CDP), securing a place on their annual “A List.” Trane Technologies is one of 283 companies that achieved an “A” – out of the more than 15,000 companies scored. CDP’s scoring process is based on the comprehensiveness of disclosure, awareness and management of environmental risks and demonstration of best practices associated with environmental leadership, such as setting ambitious and meaningful targets.
- We have also been recognized by InfluenceMap as a 2023 Corporate Climate Policy Engagement Leader. Trane Technologies was one of only five U.S. companies to meet InfluenceMap’s criteria, which include positive and active climate policy engagement aligned with science-based pathways for delivering on the goals of the Paris Agreement.
- Trane Technologies was one of only six companies to receive a grade of A in the 2023 Road to Zero Emissions Report published by As You Sow. The report evaluates companies’ greenhouse gas emissions disclosure, GHG target setting and GHG reductions. While many companies are setting 2050 goals, few are making clear progress in reducing and disclosing those emissions, and we are proud to be one of them.