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Trane Technologies Among First Companies in Ireland To Join United Nations’ Forward Faster Initiative

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Trane Technologies (TT) has become one of the first companies in Ireland to join the UN Global Compact's Forward Faster initiative, which launched its Country Network for Ireland on November 28. The initiative aims to accelerate progress toward the UN's 2030 Sustainable Development Goals (SDGs), with only 17% currently on track.

TT's commitment aligns with its May 2022 milestone of being among the first 11 companies globally to receive external validation of its emissions reduction targets by the Science Based Targets initiative (SBTi). The company aims to achieve net-zero greenhouse gas emissions across its value chain by 2050 and has already set its 2030 Sustainability Commitments, including the Gigaton Challenge.

Trane Technologies (TT) è diventata una delle prime aziende in Irlanda ad aderire all'iniziativa Forward Faster del Global Compact delle Nazioni Unite, che ha lanciato la sua Rete Nazionale per l'Irlanda il 28 novembre. L'iniziativa mira ad accelerare i progressi verso gli Obiettivi di Sviluppo Sostenibile (SDGs) delle Nazioni Unite per il 2030, con solo il 17% attualmente in carreggiata.

L'impegno di TT si allinea con il suo traguardo di maggio 2022 di essere una delle prime 11 aziende a livello globale a ricevere la validazione esterna dei suoi obiettivi di riduzione delle emissioni da parte dell'iniziativa Science Based Targets (SBTi). L'azienda mira a raggiungere emissioni nette di gas serra pari a zero lungo la sua catena del valore entro il 2050 e ha già stabilito i suoi Impegni di Sostenibilità per il 2030, compreso il Gigaton Challenge.

Trane Technologies (TT) se ha convertido en una de las primeras empresas en Irlanda en unirse a la iniciativa Forward Faster del Pacto Global de la ONU, que lanzó su Red Nacional para Irlanda el 28 de noviembre. La iniciativa busca acelerar el progreso hacia los Objetivos de Desarrollo Sostenible (ODS) de la ONU para 2030, con solo el 17% actualmente en camino.

El compromiso de TT se alinea con su hito de mayo de 2022 de ser una de las primeras 11 empresas a nivel global en recibir validación externa de sus objetivos de reducción de emisiones por parte de la iniciativa Science Based Targets (SBTi). La empresa tiene como objetivo alcanzar emisiones netas de gases de efecto invernadero cero a lo largo de su cadena de valor para 2050 y ya ha establecido sus Compromisos de Sostenibilidad 2030, incluido el Gigaton Challenge.

트레인 테크놀로지스(Trane Technologies, TT)는 11월 28일에 아일랜드의 국가 네트워크를 시작한 유엔 글로벌 콤팩트의 포워드 패스터(Forward Faster) 이니셔티브에 가입한 첫 번째 기업 중 하나가 되었습니다. 이 이니셔티브는 현재 17%만이 순조로운 진행을 보이고 있는 유엔의 2030 지속 가능한 개발 목표(SDGs)로의 진전을 가속화하는 것을 목표로 하고 있습니다.

TT의 약속은 2022년 5월에 세계적으로 11개 기업 중 하나로서 과학 기반 목표 이니셔티브(SBTi)로부터 탄소 배출 감축 목표에 대한 외부 검증을 받은 이정표와 일치합니다. 이 회사는 2050년까지 가치 사슬 전반에 걸쳐 넷 제로 온실가스 배출을 달성하는 것을 목표로 하고 있으며, 이미 2030 지속 가능성 약속을 설정하였고 기가톤 챌린지를 포함합니다.

Trane Technologies (TT) est devenu l'une des premières entreprises en Irlande à rejoindre l'initiative Forward Faster du Pacte mondial des Nations Unies, qui a lancé son Réseau national pour l'Irlande le 28 novembre. Cette initiative vise à accélérer les progrès vers les Objectifs de développement durable (ODD) des Nations Unies pour 2030, avec seulement 17% qui sont actuellement sur la bonne voie.

L'engagement de TT s'aligne avec son jalon de mai 2022 d'être l'une des 11 premières entreprises au niveau mondial à recevoir la validation externe de ses objectifs de réduction des émissions par l'initiative Science Based Targets (SBTi). L'entreprise vise à atteindre des émissions nettes de gaz à effet de serre nulles sur l'ensemble de sa chaîne de valeur d'ici 2050 et a déjà défini ses engagements de durabilité pour 2030, y compris le Gigaton Challenge.

Trane Technologies (TT) ist eines der ersten Unternehmen in Irland geworden, das der Forward Faster-Initiative des UN Global Compact beigetreten ist, die am 28. November ihr nationales Netzwerk für Irland gestartet hat. Die Initiative zielt darauf ab, den Fortschritt in Richtung der UN-Nachhaltigkeitsziele (SDGs) für 2030 zu beschleunigen, wobei derzeit nur 17% auf Kurs sind.

TTs Engagement stimmt mit dem Meilenstein von Mai 2022 überein, bei dem das Unternehmen zu den ersten 11 weltweit gehörte, die von der Science Based Targets Initiative (SBTi) eine externe Validierung ihrer Emissionsreduktionsziele erhielten. Das Unternehmen strebt an, bis 2050 netto null Treibhausgasemissionen in seiner Wertschöpfungskette zu erreichen, und hat bereits seine Nachhaltigkeitsverpflichtungen für 2030 festgelegt, einschließlich der Gigaton-Challenge.

Positive
  • First in its industry to receive SBTi validation for emissions reduction targets
  • Early achievement of 2020 Climate Commitments
  • Clear roadmap towards net-zero emissions by 2050
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Senior representatives from business, government, academia, and civil society gather to celebrate the launch of the UN Global Compact Network Ireland and local launch of the Forward Faster Initiative

SWORDS, IRELAND / ACCESSWIRE / December 11, 2024 / Trane Technologies, a global climate innovator providing energy-efficient solutions and services for heating and cooling across the built environment and transport sectors, proudly announces its one of the first companies in Ireland to commit to the UN Global Compact's Forward Faster initiative.

The UN Global Compact, the world's largest voluntary, corporate sustainability initiative officially launched its Country Network for Ireland on November 28. The event, which gathered some 150 senior leaders from Ireland's business community, also served as the local launch of the Forward Faster initiative. The initiative provides businesses with guidance to make a significant impact towards the UN's 2030 Sustainable Development Goals (SDGs). With only 17% of SDGs on track, the initiative calls for urgent action from both public and private sectors.

A signatory of the UN Global Compact since December 2023, Trane Technologies has made a Forward Faster-aligned commitment with the company's May 2022 milestone of being among the first 11 companies globally, and first in its industry, to receive external validation of its near and long-term emissions reduction targets by the Science Based Targets initiative (SBTi). Trane Technologies aims to achieve net-zero greenhouse gas emissions across its value chain by 2050. As an early participant in the Forward Faster initiative in Ireland, Trane Technologies is poised to play a pivotal role in driving significant change and setting new standards for corporate sustainability.

Jose La Loggia, Group President EMEA at Trane Technologies, emphasized the importance of the Forward Faster initiative during the launch event in a distinguished panel entitled: "Unlocking the Value of Sustainability: Business Leadership Across Sectors." Discussions brought together spokespeople from Irish enterprises to explore how companies are embedding sustainability into their operations, addressing challenges, and maximizing the benefits of sustainable practices aligned with the SDGs.

Jose La Loggia shared: "We are proud to join the Forward Faster initiative, which aligns perfectly with our mission to decarbonize our cities through sustainable heating and cooling solutions for buildings.

We started our sustainability journey long before green was a trend, setting our 2020 Climate Commitments with our first science-based targets back in 2014, and met them early by accelerating innovation. Recognizing there was no time to waste for climate action, we put a stake in the ground and set even bolder goals in 2019 - our 2030 Sustainability Commitments - including our Gigaton Challenge. Our progress on our near-term 2030 goals puts us on a glidepath toward net-zero by 2050.

The Forward Faster Initiative brings long-term value to our business and the communities we serve. We invite more companies to join us in collaborating and innovating to drive meaningful progress and to continue boldly challenging what's possible for a sustainable world.

Nessa Whelan, Executive Director of the UN Global Compact Network Ireland , emphasized the importance of the launch and Trane Technologies' participation: "We are delighted to have Trane Technologies join us as a speaker at the launch of the UN Global Compact Network Ireland to share insights on the business case for sustainability. Their commitment to ambitious targets aligned with the Forward Faster initiative serves as a strong example of the kind of action we hope to see more companies take, driving meaningful progress and inspiring lasting impact."

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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 the UN Global Compact Network Ireland: The UN Global Compact Network Ireland is a local network of the United Nations Global Compact, the world's largest corporate sustainability initiative. It aims to mobilize a global movement of sustainable companies and stakeholders to create the world we want. For more information, visit UN Global Compact Network IrelandSee also: Forward Faster initiative

Trane Technologies Among First Companies in Ireland to Join United Nations' Forward Faster Initiative

View additional multimedia and more ESG storytelling from Trane Technologies on 3blmedia.com.

Contact Info:
Spokesperson: Trane Technologies
Website: https://www.3blmedia.com/profiles/trane-technologies
Email: info@3blmedia.com

SOURCE: Trane Technologies



View the original press release on accesswire.com

FAQ

What are Trane Technologies' (TT) emission reduction targets for 2050?

Trane Technologies aims to achieve net-zero greenhouse gas emissions across its entire value chain by 2050.

When did Trane Technologies join the UN Global Compact?

Trane Technologies became a signatory of the UN Global Compact in December 2023.

What milestone did Trane Technologies achieve in May 2022?

In May 2022, Trane Technologies became one of the first 11 companies globally to receive external validation of its emissions reduction targets from the Science Based Targets initiative (SBTi).

What is Trane Technologies' role in the Forward Faster initiative in Ireland?

Trane Technologies is one of the first companies in Ireland to join the Forward Faster initiative, positioning itself as a leader in driving corporate sustainability standards and climate action.

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