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TheStreet Open House

Ingersoll Rand Named To 2012 Dow Jones Sustainability World And North America Indexes

Stock quotes in this article: IR

Ingersoll Rand (NYSE:IR), a world leader in creating and sustaining safe, comfortable and efficient environments, was selected for the 2012 Dow Jones Sustainability World Index and North America Index in recognition of the company’s economic, environmental and social performance. This is the second consecutive year that Ingersoll Rand has been included on the Dow Jones Sustainability World Index.

“Placement on the Dow Jones Sustainability World and North America Indexes validates our commitment to improving our operational efficiency and delivering innovative solutions that help our customers reduce their environmental impact,” said Michael W. Lamach, chairman and chief executive officer of Ingersoll Rand. “We are successfully fostering a culture of new thinking that builds on our legacy of meeting big challenges and our vision of ‘sustainable progress and enduring results’. Today, we are focused on solutions and services that meet customer needs in a world of growing resource scarcity and increasing populations.”

Ingersoll Rand has set and publicly announced aggressive sustainability goals. In 2011, the company successfully reduced absolute energy consumption by 14 percent from the previous year – the equivalent of 6.1 million gallons of gasoline. Last year, the company also realized a 36 percent reduction in hazardous waste and a 27 percent reduction in non-hazardous waste-to-landfill compared with 2010 – both metrics are normalized by net revenue. In 2011, the company reduced normalized GHG emissions by 18 percent compared with the previous year.

“Although we are proud of our efforts to achieve placement on the DJSI, we are determined to continue to improve our scores in all areas,” said John Conover, president of Ingersoll Rand’s Security Technologies business and chairman of the company’s sustainability strategy council. “For instance, through our ongoing and proactive assessment of our customers’ challenges and sustainability needs, we are incorporating sustainable thinking in our product development process to create solutions that reduce environmental impact and deliver more efficiency throughout the full life of the product.”

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