Ingersoll Rand’s improved approach to the disclosure of climate change information has led to a 21 point score increase by the Carbon Disclosure Project (CDP).
Moving from a 2011 baseline score of 55, the new score of 76 is the result of better transparency into the company’s approach toward mitigating emissions, as well as process improvements in the company’s accountability and reporting mechanisms. The new score places Ingersoll Rand among industry peers such as General Electric.
“Although there are still areas of improvement, we consider this new score an important springboard for us to accelerate actions that minimize our impact on the environment,” said W. Scott Tew, executive director, Center for Energy Efficiency and Sustainability at Ingersoll Rand.
Ingersoll Rand has set and publicly announced aggressive sustainability goals. In 2011, the company successfully reduced absolute energy consumption by 14 percent compared with 2010 – 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 greenhouse gas (GHG) emissions by 18 percent compared with the previous year.
“The best interests of investors are catalyzing U.S. companies to improve the management of environmental risk, which is vital if we are to forge a more sustainable economy,” said Paul Dickinson, executive chairman of the Carbon Disclosure Project. “Failure to act could result in a competitive disadvantage.”
Carbon Disclosure Project (CDP)
is an international, not-for-profit organization providing the only global system for companies and cities to measure, disclose, manage and share vital environmental information. CDP harnesses the power of market forces, including 655 institutional investors with assets of U.S. $78 trillion, to collect information from companies on their greenhouse gas emissions and assessment of climate change and water risk and opportunity. CDP now holds the largest collection globally of primary climate change and water data and puts these insights at the heart of strategic business, investment and policy decisions.
About Ingersoll Rand
Ingersoll Rand (NYSE:IR) advances the quality of life by creating and sustaining safe, comfortable and efficient environments. Our people and our family of brands—including Club Car®, Ingersoll Rand®, Schlage®, Thermo King® and Trane® —work together to enhance the quality and comfort of air in homes and buildings; transport and protect food and perishables; secure homes and commercial properties; and increase industrial productivity and efficiency. We are a $14 billion global business committed to a world of sustainable progress and enduring results.
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