Ingersoll Rand recognized by the CDP
The CDP S&P 500 2014 Climate Change Report recognized Ingersoll Rand last month for its carbon management efforts, gained through transparent reporting of greenhouse gas emissions, energy use, and risks and opportunities associated with climate change.
CDP Logo
CDP awarded Ingersoll Rand a score of 93, which is a significant jump over last year’s score of 80, steadily climbing from 76 in 2012, and a baseline of 55 in 2011.
“Our focus on embedding sustainability into our business processes continues to help advance our environmental performance,” said Scott Tew, executive director of the Center for Energy Efficiency and Sustainability (CEES) at Ingersoll Rand. “We’re honored that CDP, a respected performance indicator, recognizes our continuing progress, and we are proud to continue to take bold actions to address climate change.”
This annual CDP report measures progress achieved by participating S&P 500 companies. This year, researchers scored 337 firms on their success in reducing emissions and addressing climate-related risks and opportunities. CDP credited Ingersoll Rand with increasing transparency and introducing ongoing process improvements.
Ingersoll Rand’s commitment to sustainability
The CDP announcement came during an exciting week, as Mike Lamach, chairman and CEO of Ingersoll Rand, took to a global stage as part of the 2014 Clinton Global Initiative (CGI) Annual Meeting and United Nations Climate Summit to declare the importance of, and Ingersoll Rand’s commitment to, reducing greenhouse gas emissions. Lamach introduced and detailed Ingersoll Rand’s Climate Commitment, to increase energy efficiency and reduce greenhouse gas emissions related to operations and products, by reducing the greenhouse gas refrigerant footprint of the company’s products by 50 percent and reducing greenhouse gas emissions from its operations by 35 percent, by 2020. CDP is a globally recognized measurement tool that will be used to report progress toward this commitment.
Along with the Climate Commitment, Ingersoll Rand will invest $500 million in more climate-friendly and energy-efficient products over the next five years.