Trane® by Trane Technologies Named America’s Most Trusted® HVAC Brand for the 10th Consecutive Year

Rhea-AI Summary

Trane Technologies (TT) has been named the top residential HVAC brand in Lifestory Research’s America’s Most Trusted® study for 10 consecutive years. Achieving the highest Net Trust Quotient score (116.4) among the most popular HVAC system brands, Trane was also named a 5-star Smart Thermostat Brand for the fourth year in a row with a Net Trust Quotient score of 110.7. The company's 2030 Sustainability Commitments include the Gigaton Challenge to reduce customer emissions by a billion metric tons and its pledge to reach net-zero carbon emissions by 2050.

SWORDS, Ireland--(BUSINESS WIRE)-- Trane Technologies (NYSE:TT), a global climate innovator, is pleased to announce that Trane® has been named the top residential HVAC brand in Lifestory Research’s America’s Most Trusted® study for 10 consecutive years.

For its America’s Most Trusted study, Lifestory Research surveyed more than 9,000 Americans who were actively shopping for an HVAC system between January and December 2023. Achieving the highest Net Trust Quotient score (116.4) among the most popular HVAC system brands, Trane was also named a 5-star Smart Thermostat Brand for the fourth year in a row with a Net Trust Quotient score of 110.7.

“Trane Technologies continually seeks ways to innovate beyond industry standards, and we take pride in providing the most reliable, best-in-class products and solutions to exceed our customers’ expectations,” said Katie Davis, vice president of engineering and technology, Residential HVAC & Supply, Trane Technologies. “Being named the Top HVAC Brand in America’s Most Trusted® Study for the tenth year in a row motivates us to continue evolving our products and services for our customers and striving for excellence in the HVAC industry."

Founded over a decade ago, America's Most Trusted gathers consumer input to assess brand trust. To be considered a top candidate for recognition, a brand must obtain ample survey responses to achieve a 95% confidence level. Additionally, brands must receive a margin of error no higher than 3% for inclusion in the rating results. Once confidence levels are determined, survey results are compared with peer organizations of like size and complexity.

“Trane has received commendable feedback from consumers for the 10^th consecutive year,” said Eric Snider, President of Lifestory Research. “When it comes to such an important investment as an HVAC system, brand trust is a crucial deciding factor for consumers.”

Through bold, industry-leading action and innovation, Trane Technologies is advancing its 2030 Sustainability Commitments, including the Gigaton Challenge to reduce customer emissions by a billion metric tons and its pledge to reach net-zero carbon emissions by 2050. The company’s emissions reduction targets have been externally validated by the Science Based Targets Initiative (SBTi).

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 tranetechnologies.com.

About Trane

Trane – by Trane Technologies (NYSE: TT), a global climate innovator – creates comfortable, energy efficient indoor environments for commercial and residential applications. For more information, please visit www.trane.com or www.tranetechnologies.com.

Forward Looking Statements

This news release includes “forward-looking statements” within the meaning of securities laws, which are statements that are not historical facts, including statements that relate to our technological innovations, our sustainability commitments, and the anticipated 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. Factors that could cause such differences can be found in our Form 10-K for the year ended December 31, 2022, as well as our subsequent reports on Form 10-Q and other SEC filings. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect the Company. We assume no obligation to update these forward-looking statements.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240111677574/en/

Media Contact:

Travis Bullard

+1-919-802-2593

Travis.Bullard@tranetechnologies.com

Investors Contact:

Zachary Nagle

+1-704-990-3913

InvestorRelations@tranetechnologies.com

Source: Trane Technologies

FAQ

How many years has Trane Technologies been named the top residential HVAC brand in Lifestory Research’s America’s Most Trusted® study?

Trane Technologies has been named the top residential HVAC brand in Lifestory Research’s America’s Most Trusted® study for 10 consecutive years.

What is the Net Trust Quotient score of Trane in the Lifestory Research study?

Trane achieved the highest Net Trust Quotient score (116.4) among the most popular HVAC system brands and was also named a 5-star Smart Thermostat Brand for the fourth year in a row with a Net Trust Quotient score of 110.7.

What are Trane Technologies' 2030 Sustainability Commitments?

Trane Technologies is advancing its 2030 Sustainability Commitments, including the Gigaton Challenge to reduce customer emissions by a billion metric tons and its pledge to reach net-zero carbon emissions by 2050.