Trane Technologies (NYSE:TT), a global climate innovator, has been named to the S&P Dow Jones Sustainability World Index for the second consecutive year and the North America Index for the twelfth consecutive year. The company performed in the 97th percentile in the Capital Goods industry in the S&P Global Corporate Sustainability Assessment (score date: Oct. 21, 2022), with perfect scores of 100 in both the environmental reporting and social reporting categories.
The Dow Jones Sustainability 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. The North America Index represents the top 20 percent among the largest North American companies in the index.
“Our recognition on the S&P Dow Jones Sustainability Indices demonstrates our relentless focus on innovation to set the pace for our industry, and for the world,” said Dave Regnery, chair and CEO of Trane Technologies. “I’m proud of our team members who work every day to challenge what’s possible and identify sustainable solutions that will impact the world for generations to come.”
Trane Technologies’ inclusion on the S&P Dow Jones Sustainability Indices for over a decade underscores the company’s sustainability leadership and impact. Through bold, industry-leading action and innovation, the company is decarbonizing buildings, industry and the cold chain and advancing its 2030 Sustainability Commitments, including the Gigaton Challenge, and its pledge to be net-zero by 2050. The company’s emissions reductions targets have been externally validated by the Science Based Targets Initiative (SBTi).
With its Opportunity for All commitment, Trane Technologies is taking action to achieve gender parity in leadership, workforce diversity reflective of its communities, and community initiatives that support equitable education and pathways to green and Science, Technology, Engineering and Math (STEM) careers.
About Trane Technologies
Trane Technologies is a global climate innovator. Through our strategic brands Trane® and Thermo King®, and our portfolio of environmentally responsible products and services, we bring efficient and sustainable climate solutions to buildings, homes and transportation. For more on Trane Technologies, visit www.tranetechnologies.com.
About S&P Dow Jones Indices
S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets. For more information, visit: https://www.spglobal.com/spdji/en/.
This news release includes “forward-looking statements” which are statements that are not historical facts, including statements that relate to our sustainability commitments and the impact of these commitments. These forward-looking statements are based on our current expectations and are subject to risks and uncertainties, which may cause actual results to differ materially from our current expectations. Such factors include, but are not limited to, our future financial performance and targets, including revenue, EPS and operating income; our business operations; demand for our products and services, including bookings and backlog; capital deployment, including the amount and timing of our dividends, our share repurchase program, including the amount of shares to be repurchased and the timing of such repurchases and our capital allocation strategy, including acquisitions, if any; our projected free cash flow and usage of such cash; our available liquidity; performance of the markets in which we operate; restructuring activity and cost savings associated with such activity; and our effective tax rate. Additional factors that could cause such differences can be found in our Form 10-K for the year ended December 31, 2021, as well as our subsequent reports on Form 10-Q and other SEC filings. We assume no obligation to update these forward-looking statements.
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