CEO Mike Lamach to speak at 2014 Clinton Global Initiative (CGI)
Annual Meeting and UN Climate Summit to help solve the world’s
unsustainable demand for energy resources
NEW YORK -- (Business Wire)
Ingersoll
Rand (NYSE:IR), a world leader in creating comfortable, sustainable
and efficient environments, 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 are leading our
industry toward a more 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. When
we create more sustainable choices, improve our operating footprint
globally and continue to develop lower greenhouse gas emission options,
our customers – and the climate – benefit.”
Reducing Greenhouse Gas Emissions from
Ingersoll Rand Products
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 HVAC 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.
Funding Research and Development to Reduce
Greenhouse Gas Emissions
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.
Reducing Greenhouse Gas Emissions from
Ingersoll Rand’s Operations
The company will reduce operational greenhouse gas emissions by lowering
our energy consumption, investing in technology, and improving our fleet
fuel economy. This includes:
-
Continuing to retrofit facilities with new energy and operationally
efficient equipment;
-
Changing fleet procurement requirements to include lower fuel
consumption options when new vehicles are purchased or leased;
-
Reducing the use of high global warming potential foam-blowing agents;
-
Celebrating the continued work of the Ingersoll Rand Green Teams and
further employee engagement, education and training; and
-
Continuing to develop tools to quantify and measure progress.
“Protecting the climate requires a deeper commitment from all the
citizens of the world, including our corporate citizens,” said Durwood
Zaelke, president of the Institute
for Governance and Sustainable Development. “Customers must demand
more and industry leaders must harness our inventive genius to deliver
the climate-friendly products of the future. Ingersoll Rand’s climate
commitments show that it is listening—and delivering.”
Further details of Ingersoll Rand’s commitment are now publicly
available on the website.
About Ingersoll Rand
Ingersoll Rand (NYSE:IR) advances the quality of life by creating
comfortable, sustainable and efficient environments. Our people and our
family of brands—including Club
Car®, Ingersoll
Rand®, Thermo
King® and Trane®—work
together to enhance the quality and comfort of air in homes and
buildings; transport and protect food and perishables; and increase
industrial productivity and efficiency. We are a $12 billion global
business committed to a world of sustainable progress and enduring
results. For more information, visit www.ingersollrand.com.
Contacts:
Ingersoll Rand
Perri Richman, 732-652-6943
prichman@irco.com
Source: Ingersoll Rand
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