Ingersoll Rand (NYSE:IR), a world leader in creating comfortable, sustainable and efficient environments, has been named to the 2016 Dow Jones Sustainability World and North America Indices for a sixth consecutive year. 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 help save energy, transport food and perishables, and spur economic growth. Our business operations reflect a longstanding commitment to innovation, sustainability and corporate citizenship aimed at leading the way to a better world. Our economic, environmental and social contributions enhance the company’s financial results, creating value for our employees, shareholders and business partners.
“We are honored by this repeated recognition on the Dow Jones Sustainability World and North America Indices. Inclusion in the Dow Jones indices validates our strategy and commitment, while also allowing us to benchmark against peer companies,” said Gary Michel, senior vice president and president of Residential Heating, Ventilation and Air Conditioning and Supply. “I’m proud of our team’s dedication, discipline and innovation that enables us to continue improving. In addition, we are well positioned and have the expertise to help our customers as they embark on their energy efficiency, economic productivity and greenhouse gas mitigation journeys.”
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 2 million metric tons of CO2e globally, which is the equivalent of avoiding annual CO2 emissions from energy used in more than 270,000 homes or more than 2.1 billion pounds of coal burned. In support of 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.
Source: Ingersoll Rand