Trane Technologies calls for climate action, scale of existing technologies at COP27

SWORDS, IRELAND / ACCESSWIRE / November 8, 2022 / Trane Technologies (NYSE:TT), a global climate innovator, will participate in several climate action dialogues at the Sustainable Innovation Forum 2022 (SIF22) during COP27 in Sharm el-Sheikh, Egypt, from 9 to November 11th. SIF22 will focus on the critical environmental and social factors and scalable solutions needed to successfully transition to net zero.

“Innovative solutions that will bend the curve of climate change exist today. We can act now to significantly reduce emissions from building heating and cooling,” said Jose La Loggia, President, Commercial HVAC EMEA. “Now is the time to move from commitment to action – rolling out concrete policies and financing and accelerating the technologies that will create a more sustainable and energy-secure future today.”

Trane Technologies executives will participate in the following SIF climate talks:

  • Securing food systems in the face of the climate crisis: Rasha Hasaneen, Vice President of Innovation, November 9, 2:15 p.m. – 3:05 p.m. GMT

  • From global to local – Climate change will be won and lost in cities: Jose La Loggia, President, Commercial HVAC EMEA, November 10, 12:25 – 13:05 GMT

  • Translating climate commitments into climate action – Introducing the Gigaton Playbook, a roadmap for reducing emissions: Scott Tew, VP of Sustainability, November 10, 2:10 – 2:30 GMT

All dialogs can be viewed live once registered in the Climate Action Innovation Zone.

Trane Technologies is a proud partner of the World Economic Forum Alliance of CEO Climate Leaders and is a signatory of his open letter COP27, calling for accelerated government policies and creating a sustainable future for all. With an unwavering commitment to action, Trane Technologies also supports Corporate Knights’ Climate Policy Commitment Action Statementwhich outlines how industry leaders will support ambitious action to close the gap between decisions and emissions reductions.

Through bold, industry-leading actions, Trane Technologies continues to advance its 2030 Sustainable Development Commitmentsincluding his Gigaton Challenge – a commitment to reduce greenhouse gas emissions from customers’ carbon footprints by 1 billion metric tons by 2030 – and its goal of net-zero emissions reduction by 2050, both validated by the Science Based Targets Initiative (SBTi). The company’s leadership in sustainability has been recognized by the Financial Times (Europe’s Climate Leaders 2022) and the Center for Climate and Energy Solutions (induction into the Climate Leadership Hall of Fame).

About Trane Technologies
Trane Technologies is a global climate innovator. Through our strategic Trane® and Thermo King® brands, and our portfolio of environmentally friendly products and services, we provide efficient and sustainable climate solutions for buildings, homes and transportation. To learn more about Trane Technologies, visit www.tranetechnologies.com.

This press release contains “forward-looking statements” which are statements that are not historical facts, including statements relating to our sustainability commitments and the impact of those 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. These factors include, but are not limited to, our future financial performance and objectives, including revenue, EPS and operating profit; our business activities; demand for our products and services, including reservations and order backlog; capital deployment, including the amount and timing of our dividends, our share buyback program, including the amount of shares to be repurchased and the timing of such buybacks, and our capital allocation strategy, including acquisitions, if any; our projected free cash flow and the use of such cash; our available cash; the performance of the markets in which we operate; restructuring activity and cost savings associated with such activity; and our effective tax rate. Other factors that could cause such differences can be found in our Form 10-K for the year ended December 31, 2021, as well as our subsequent reports on Form 10-Q and other filings with the SEC. We assume no obligation to update these forward-looking statements.

Discover additional media content and other ESG stories from Trane Technologies on 3blmedia.com.

Contact information:
Spokesperson: Trane Technologies
Website: www.tranetechnologies.com
Email: [email protected]

THE SOURCE: Trane Technology

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https://www.accesswire.com/724553/Trane-Technologies-Calls-for-Climate-Action-Scale-of-Existing-Technologies-at-COP27

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