Ingersoll bags award for sustainable development

Ingersoll Rand was awarded the World Environment Center’s 35thAnnual Gold Medal for International Corporate Achievement in Sustainable Development. Former United States Secretary of Energy Ernest J. Moniz presented the award to Michael W. Lamach, Chairman and Chief Executive Officer, Ingersoll Rand during the Gold Medal Presentation Ceremony in Washington, D.C.

In 2014, the company announced 2020 environmental, social and governance targets in the area of operations and supply chain; systems and services, and people and citizenship [2018 ESG fact sheet]. The award recognises the company’s significant achievements over the past five years in global environmental excellence and sustainable development.

“Sustainability is fundamental to the company’s competitive advantage and our ability to create lasting value for our people, customers and 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,” said Michael W. Lamach, Chairman and Chief Executive Officer of Ingersoll Rand.

Ingersoll Rand, together with Trane and Thermo King announcedits 2030sustainability aspirationsaligned to the time horizon of the United Nations Sustainable Development goals. These commitments 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. The company will continue momentum and create positive impact through three actions by 2030 which are as below:

• Scale technology, innovation and sustainability strategies to enable efficientcustomer solutions such as reducing customer carbon footprint by one gigaton1CO2e; equivalent to the annual emissions of Italy, France and the United Kingdom combined.
• Transforming supply chain and operationsto have restorative impact on environment including achieving carbon neutral operations, zero waste to landfill and 10 per cent absolute reduction in energy consumption and giving back more water than used in water-stressed areas.
• Increase opportunity for all, strengthening economic mobility and bolstering the quality of life of people and those in the communities where the company operate and serve. This includes achieving gender parity in leadership roles and a workforce reflective of community populations, maintaining livable market-competitive wages and progressive benefits; and broadening community access to well-being services including food or nutrition, housing and shelter, transportation, education and climate comfort.