Trane Technologies Named to Europe’s Climate Leaders List
For the third year in a row, Trane Technologies (NYSE:TT), a worldwide climate innovation, has been recognized to the Financial Times 2023 Europe’s Climate Leaders list.
The Financial Times and market research firm Statista developed the distinguished list, which celebrates European enterprises who have achieved the most progress in decreasing greenhouse gas emissions intensity in their own activities, referred to as Scope 1 and 2 emissions. For the first time, this year’s ranking includes Scope 3 emissions, which occur elsewhere in the value chain, as well as firms’ openness in reporting these emissions. Statista examined publicly accessible data on 2,000 European firms.
“As a climate innovator, we work every day to deliver on our bold commitments, lowering both our own and our customers’ emissions.”
Last December, the company installed an electrified Thermal Management System in its Trane® Commercial manufacturing facility in Charmes, France, to provide all-electric heating to the entire site as well as simultaneous heating and cooling when needed. The technology is intended to cut carbon emissions by 1,800 metric tons per year.
“We’re helping our customers understand that technology exists today to reduce or even eliminate the use of fossil fuels for heating,” Regnery added. “Electrification of heating, enabled by our innovative Thermal Management systems, is a better alternative that can dramatically decarbonize the built environment while also saving significant energy.”
Trane Technologies is also committed to minimizing trash transported to landfills across the board. By the end of 2022, all European industrial facilities have achieved zero waste to landfills, as defined by the Zero Waste International Alliance. For the previous six years, the Charmes factory has produced zero garbage to landfill.
Trane Technologies’ 2030 Sustainability Commitments include the Gigaton Challenge, the highest climate commitment relating to product emission reductions made by any company in a single decade, which aims to decrease one gigaton (one billion metric tons of carbon) by 2030.
From its customers’ carbon footprints – comparable to Italy, France, and the United Kingdom combined.