SWORDS, Ireland--(BUSINESS WIRE)--Newsweek again ranked Ingersoll Rand (NYSE: IR), a world leader in creating comfortable, sustainable and efficient environments, on its annual Green Rankings as one of 500 top green companies in the United States. The company ranks No. 59, realizing a 42-point improvement over the 2015 ranking.
“We continue to view external recognition as validation that our strategy to integrate sustainable practices into our business is working. This is fuel to keep innovating and developing new solutions that help our company and our customers meet climate-related goals,” said Paul Camuti, senior vice president of innovation and chief technology officer of Ingersoll Rand. “While we are pleased to make this list for two years running, we are even more pleased to see significant improvement over last year.”
The 2016 Newsweek Green Rankings measure the environmental performance of large public companies using eight key performance indicators. The methodology is clear and rules-based, and the process meets the test of being replicable by a third party.
"In the current global business and political climate, no company can continue to ignore its environmental footprint and there's good news: Newsweek's 2016 Green Rankings show that the world's biggest companies are improving when it comes to energy productivity and in limiting greenhouse gas emissions,” said Elijah Wolfson, senior editor for Newsweek. “Our hope is that the rankings will propel leaders to start looking at their environmental impact not just in terms of carbon use, but comprehensively, and make the changes necessary to sustain both business growth and environmental viability."
Since 2009, the Newsweek Green Rankings have been one of the world’s foremost corporate environmental rankings, assessing the 500 largest publicly-traded companies in the United States and the 500 largest publicly-traded companies globally on overall environmental performance.
Ingersoll Rand Climate Commitment
Ingersoll Rand made a Climate Commitment to reduce greenhouse gas (GHG) emissions from its products and operations by 2030. The Ingersoll Rand Climate Commitment pledges to:
- Cut the refrigerant GHG footprint of its products by 50 percent by 2020 and incorporate lower global warming potential (GWP) alternatives across its portfolio by 2030;
- Invest $500 million in product-related research and development over the next five years to fund the long-term reduction of GHG emissions; and
- Reduce company operations-related GHG emissions by 35 percent by 2020.
To date, the company’s Climate Commitment has supported the avoidance of approximately 2 million metric tons of CO2e globally, which is the equivalent of avoiding annual CO2 emissions from energy used in more than 270,000 homes or more than 2.1 billion pounds of coal burned. By 2030, the company expects to reduce its carbon footprint by 50 million metric tons.
About Ingersoll Rand
Ingersoll Rand (NYSE:IR) advances the quality of life by creating comfortable, sustainable and efficient environments. Our people and our family of brands — including Club Car®, Ingersoll Rand®, Thermo King® and Trane® — work together to enhance the quality and comfort of air in homes and buildings; transport and protect food and perishables; and increase industrial productivity and efficiency. We are a $13 billion global business committed to a world of sustainable progress and enduring results. For more information, visit www.ingersollrand.com.