Trane Technologies Champions Decarbonization, Sustainable Cooling and Climate Policies at COP29
Trane Technologies (NYSE:TT) will participate in COP29 in Baku, Azerbaijan (Nov 11-22), focusing on decarbonizing built environment and transport sectors. The company joined other CEOs in signing an open letter to world leaders emphasizing net-zero emissions by 2050. Key initiatives include reducing embodied carbon by 40% by 2030 and the Gigaton Challenge to reduce customer greenhouse gas emissions by 1 billion metric tons. The company was recognized by InfluenceMap as a 2024 Corporate Climate Policy Engagement Leader in North America for its performance in building electrification and efficiency.
Trane Technologies (NYSE:TT) parteciperà al COP29 a Baku, Azerbaigian (11-22 novembre), con un focus sulla decarbonizzazione dell'ambiente costruito e dei settori dei trasporti. L'azienda ha aderito ad altri CEO firmando una lettera aperta ai leader mondiali, sottolineando l'importanza di emissioni nette zero entro il 2050. Le iniziative principali includono la riduzione del carbonio incorporato del 40% entro il 2030 e la Gigaton Challenge per ridurre le emissioni di gas serra dei clienti di 1 miliardo di tonnellate metriche. L'azienda è stata riconosciuta da InfluenceMap come Leader nella Partecipazione alle Politiche Climatiche Aziendali per il 2024 in Nord America per le sue prestazioni nell'elettrificazione e nell'efficienza degli edifici.
Trane Technologies (NYSE:TT) participará en COP29 en Bakú, Azerbaiyán (del 11 al 22 de noviembre), centrando su atención en la descarbonización del entorno construido y los sectores de transporte. La empresa se unió a otros directores ejecutivos firmando una carta abierta a los líderes mundiales enfatizando la necesidad de emisiones netas cero para 2050. Las iniciativas clave incluyen la reducción del carbono incorporado en un 40% para 2030 y el Gigaton Challenge para reducir las emisiones de gases de efecto invernadero de los clientes en 1 mil millones de toneladas métricas. La empresa fue reconocida por InfluenceMap como Líder en Participación en Políticas Climáticas Corporativas en 2024 en América del Norte por su desempeño en la electrificación y eficiencia de edificios.
트레인 테크놀로지스 (NYSE:TT)는 아제르바이잔 바쿠에서 열리는 COP29에 참석하여 (11월 11일~22일) 건축 환경 및 교통 부문의 탈탄소화에 중점을 둘 것입니다. 이 회사는 2050년까지 탄소 중립 목표를 강조하는 세계 지도자들에게의 공개 서한에 서명하기 위해 다른 CEO들과 함께했습니다. 주요 이니셔티브에는 2030년까지 내재 탄소를 40% 감소시키고, 고객의 온실가스 배출을 10억 톤 줄이는 Gigaton Challenge가 포함됩니다. 이 회사는 InfluenceMap에 의해 북미의 2024년도 기업 기후 정책 참여 리더로 인정받으며, 건물의 전력화 및 효율성에서의 성과로 평가받았습니다.
Trane Technologies (NYSE:TT) participera à la COP29 à Bakou, en Azerbaïdjan (du 11 au 22 novembre), en mettant l'accent sur la décarbonisation de l'environnement construit et des secteurs des transports. L'entreprise a rejoint d'autres PDG pour signer une lettre ouverte aux dirigeants mondiaux soulignant l'importance de parvenir à des émissions nettes nulles d'ici 2050. Les initiatives clés comprennent la réduction du carbone incorporé de 40 % d'ici 2030 et le Gigaton Challenge pour réduire les émissions de gaz à effet de serre de ses clients de 1 milliard de tonnes métriques. L'entreprise a été reconnue par InfluenceMap comme le Leader de l'engagement en politique climatique d'entreprise pour 2024 en Amérique du Nord, grâce à sa performance en matière d'électrification et d'efficacité des bâtiments.
Trane Technologies (NYSE:TT) wird an der COP29 in Baku, Aserbaidschan (11.-22. November), teilnehmen und sich auf die Dekarbonisierung des gebauten Umfelds und der Verkehrssektoren konzentrieren. Das Unternehmen hat sich anderen CEO angeschlossen und einen offenen Brief an die Weltführer unterzeichnet, um auf die Notwendigkeit von Netto-Null-Emissionen bis 2050 hinzuweisen. Wichtige Initiativen sind die Reduzierung des verkörperten Kohlenstoffs um 40 % bis 2030 sowie die Gigaton Challenge, um die Treibhausgasemissionen der Kunden um 1 Milliarde metrische Tonnen zu reduzieren. Das Unternehmen wurde von InfluenceMap als Führer im Bereich Corporate Climate Policy Engagement für 2024 in Nordamerika für seine Leistungen in der Elektrifizierung und Effizienz von Gebäuden anerkannt.
- Recognized as 2024 Corporate Climate Policy Engagement Leader in North America
- Industry-first commitment to reduce embodied carbon by 40% by 2030
- Received one of the highest Engagement Intensity scores among US-based entities
- None.
Insights
This conference participation, while showcasing Trane Technologies' sustainability leadership, has direct market impact. The company's reaffirmation of existing environmental commitments and conference discussions are primarily routine corporate sustainability communications. While the 40% embodied carbon reduction goal by 2030 and recognition by InfluenceMap are notable achievements, they don't represent immediate financial catalysts.
The focus on decarbonization and sustainable cooling aligns with growing market trends and regulatory pressures, particularly following the Inflation Reduction Act. However, without specific financial targets, new contracts, or material business developments, this news is more about long-term positioning than short-term value creation.
SWORDS, IRELAND / ACCESSWIRE / November 11, 2024 / Trane Technologies (NYSE:TT), a global climate innovator, will underscore the critical need for decarbonizing the built environment and transport sectors, advocating and advancing climate policies, and increasing the adoption of electrified heating and cooling and other low-carbon, energy-efficient solutions during COP29 in Baku, Azerbaijan, November 11 - 22.
As a member of the World Economic Forum's Alliance of CEO Climate Leaders, Trane Technologies joined more than 100 CEOs and Senior Executives in signing an open letter to world leaders ahead of the UN Climate Change Conference 2024 (COP29). The letter emphasizes the need for governments and business to double down on transformative policies and collaboration for the transition to net-zero emissions by 2050.
"Accelerating decarbonization is an environmental imperative that we must continue driving with innovative solutions to reduce carbon emissions and enhance energy efficiency," said Scott Tew, VP of Sustainability, Trane Technologies. "The faster we transition to a low-carbon economy, the more we safeguard our planet to ensure a sustainable future for all."
Trane Technologies leaders will join several critical climate discussions throughout COP29, including (*note: all times local):
Net-Zero - Turning Commitments into Reality: Nov. 15, 1:00pm AZT
Revolutionizing Heating and Cooling for Building Decarbonization: Nov. 16, 3:00pm AZT, livestream available
Broadening the Benefits of Clean Energy - Community Engagement and Next Generation Workforce Development: Nov. 18, 10:00am AZT
Catalysts for Change - Transforming Food Supply Chains for Reduced Waste and Sustainable Production: Nov. 17, 11:15am AZT, livestream available upon registering
Circularity and Decarbonization of the Built Environment - Pathways to Net-Zero: Nov. 19, 2:00pm AZT, livestream available
With cities around the world warming at twice the global average, collective action on sustainable cooling can reduce nearly 80 billion tons of carbon by 2050 - improving the lives of hundreds of millions and enabling significant financial savings. In alignment with United Nations Sustainable Development Goals Affordable Clean Energy (SDG7) and Climate Action (SDG13), Trane Technologies continues to demonstrate its industry-leading impact, calling for increased renewable energy supplies, standardized and transparent emissions reporting, an expedited transition to low global warming potential refrigerants and continued advocacy for policies that support the adoption of new and existing solutions at scale.
Trane Technologies recently announced its industry-first commitment to reduce embodied carbon by
Through bold, industry-leading action, Trane Technologies is advancing its 2030 Sustainability Commitments, including the Gigaton Challenge - a pledge to reduce customer greenhouse gas emissions by 1 billion metric tons (or, one gigaton) - and its pledge to be net-zero by 2050. The company is first in its industry with near and long-term emissions reduction targets externally validated by the Science Based Targets Initiative (SBTi).
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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.
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 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. Factors that could cause such differences can be found in our Form 10-K for the year ended December 31, 2023, 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 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
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