Energy Efficiency, GHG Emissions, Industrial - May 21, 2019
Ingersoll Rand aims for 2030 sustainability targets
Ingersoll Rand announced its 2030 sustainability aspirations, which are designed to meet the challenge of climate change, provide world-class systems and service performance for buildings, homes, transportation, and industrial customers, and improve the quality of life for the people and communities where it operates and serves.
According to a statement, the company plans the following course of actions by 2030:
- Scale technology, innovation, and sustainability strategies to enable more efficient customer solutions. This includes reducing the customer carbon footprint by one gigaton1 CO2e– equivalent to the annual emissions of Italy, France, and the United Kingdom combined.
- Transform its supply chain and operations to have a restorative impact on the environment including achieving carbon neutral operations, zero waste to landfill and a 10% absolute reduction in energy consumption, and giving back more water than we use in water-stressed areas.
- Increase opportunity for all, strengthening economic mobility and bolstering the quality of life of our people and those in the communities where we operate and serve. This includes achieving gender parity in leadership roles and a workforce reflective of our community populations, maintaining livable market-competitive wages and progressive benefits; and broadening community access to well-being services including food/nutrition, housing and shelter, transportation, education, and climate comfort.
The industrial manufacturing company recently announced its sustainability achievements, including a 45% reduction in greenhouse gas emissions intensity two years ahead of its goal and a 23% increase in energy efficiency. Additionally, 32% of the company's U.S. electricity is being replaced with renewable sources thanks to a PPA signed for 100,000 MWh of wind power annually.
Ingersoll Rand was awarded for its achievements in global environmental excellence and sustainable development over the past five years on May 16 by the World Environment Center. "I am honored to accept the Gold Medal Award on behalf of our team around the world, who has made sustainability central to our business strategy and how we grow, operate and engage,” said Micahel W. Lamach, chairman and CEO of Ingersoll Rand, in the statement. "As we look to the future of our company, sustainability is fundamental to our competitive advantage and our ability to create lasting value for our people, our customers and our shareholders. We are excited to build on our strong foundation with the launch of bold new targets to keep us on the forefront of business, social and environmental sustainability."
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