Trane Technologies Delivers on Low-Carbon Steel Commitment with 1M+ Sustainable HVAC Systems
20 Novembro 2023 - 8:30AM
Business Wire
One year after industry-first announcement,
company is further reducing customers’ emissions and embodied
carbon of products for homes, schools and data centers
Trane Technologies (NYSE: TT), a global climate innovator, today
announced a significant milestone for its industry-leading,
sustainable climate solutions – with more than one million HVAC
units with low-carbon steel shipped to homeowners and commercial
customers across the U.S. Less than one year after Trane
Technologies established groundbreaking purchase agreements with
two major U.S. steel manufacturers, the company’s low-carbon steel
products – which include high-efficiency heat pumps and air
conditioners – are enabling emission reductions in homes, schools,
data centers and hospitals.
“As we continue taking bold, innovative action to decarbonize
our entire value chain, this milestone highlights another
remarkable step on our journey toward a net-zero future,” said
Keith Sultana, senior vice president, global integrated supply
chain, Trane Technologies. “Propelled by our purpose to
challenge what’s possible for a more sustainable world, we are
proud to lead our industry in reducing the embodied carbon of our
products – enabling further emissions reductions for our customers
and helping to lower their environmental footprints.”
Currently representing 20 percent of Trane Technologies’ annual
steel purchase, the low-carbon steel, manufactured in an electric
arc furnace and nearly 80 percent less carbon intensive than
traditional blast furnace steel, is expected to reduce
approximately 16,000 metric tons of carbon annually – the
equivalent of emissions generated from powering more than 2,000
homes for one year. As a member of SteelZero, Trane Technologies
pledges to procure, specify or stock 50 percent net-zero steel by
2030 and 100 percent net-zero by 2050. The company is also a
founding member of the First Movers Coalition.
“Decarbonizing the steel industry is crucial to speeding up
climate action,” said Mike Peirce, Executive Director of System
Change for Climate Group. “Our SteelZero campaign is dedicated to
working with forward-looking companies like Trane Technologies who
are turning their commitments into action, harnessing collective
purchasing power and influence to accelerate the transition to a
responsible, net zero future.”
Through bold, industry-leading action and partnerships, 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. In 2014, the company set
its first science-based 2020 Climate Commitments – accelerating
innovation to achieve them two years ahead of schedule. The
company’s near and long-term 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
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
innovation to develop decarbonization solutions for homeowners and
commercial customers, and our other 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, 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20231120189301/en/
Media Contact: Shelby Hansen +1-925-336-0496
Shelby.Hansen@tranetechnologies.com
Investors Contact: Zachary Nagle +1-704-990-3913
InvestorRelations@tranetechnologies.com
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