Ingersoll Rand Inc. (IR) - Get Ingersoll-Rand Plc (IR) Report, a global provider of mission-critical flow creation and industrial solutions, released its 2030 and 2050 environmental goals today designed to reduce the impact of its operations and products on the environment, and support customers and partners in doing the same. Achievement of these aggressive goals will reduce greenhouse gas emissions and save energy, create safer water for our communities and result in reduced waste to landfill.
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Ingersoll Rand 2030 and 2050 Environmental Goals Designed to Make Life Better for Generations to Come (Graphic: Business Wire)
"We are operating at a time when course-correcting the impact we have on the environment is an imperative and our collective responsibility," said Vicente Reynal, Chief Executive Officer. "On a daily basis Ingersoll Rand employees around the world live our purpose of Making Life Better, and with a strong culture centered on employee ownership and dedicated to citizenship, we stand ready to accelerate our environmental actions."
Ingersoll Rand commits to making a positive impact on our shared planet with these environmental goals:
- Realize net-zero greenhouse gas (GHG) emissions by 2050
- Invest in renewable energy to meet our 100% target by 2050
- Reduce GHG emissions by 60% in our operations (Scope 1 and Scope 2) and reduce customer GHG impacts >15% from IR products (Scope 3) by 2030
- Reduce water use 17% in our operations by 2030
- By 2030, eliminate, reduce or recycle >1 billion gallons of water annually in our customers' processes and applications through the use of our products
- Achieve zero waste to landfill at >50% of current sites by 2030
More details on our 2030 and 2050 goals can be found on Ingersoll Rand's website.
"These goals underscore our strategic priority to operate sustainably across key areas of our business where we can make a powerful, lasting impact," continued Reynal. "These commitments will further unite our 16,000 employees through a shared sense of responsibility and purpose, bring value to our customers through product innovation and stewardship and make a positive difference toward protecting our communities and the world."
The company will drive accountability and progress through Ingersoll Rand Execution Excellence (IRX), and provide transparency on our progress through its annual Sustainability Report. Ingersoll Rand's 2020 Sustainability Report is scheduled to be released in May 2021.
About Ingersoll Rand Inc.
Ingersoll Rand Inc. (IR) - Get Ingersoll-Rand Plc (IR) Report, driven by an entrepreneurial spirit and ownership mindset, is dedicated to helping make life better for our employees, customers and communities. Customers lean on us for our technology-driven excellence in mission-critical flow creation and industrial solutions across 40+ respected brands where our products and services excel in the most complex and harsh conditions. Our employees develop customers for life through their daily commitment to expertise, productivity and efficiency. For more information, visit www.IRCO.com.
This news release contains "forward-looking statements" as that term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995, including but not limited to, statements that relate to our intent to achieve environmental impact goal. These forward-looking statements are based on Ingersoll Rand's current expectations and are subject to risks and uncertainties, which may cause actual results to differ materially from these current expectations. Such risks and uncertainties, include, but are not limited to: adverse effects on the market price of our ordinary shares and on our operating results because of our inability to timely complete, if ever, the environmental goals; our ability to fully realize the general economic and business conditions that may impact the companies in connection with completing environmental goals; unanticipated expenses such as litigation or legal settlement expenses; changes in capital market conditions; and the impact of the completion of the environmental goals on the company's employees, customers and suppliers. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. The inclusion of such statements should not be regarded as a representation that such plans, estimates or expectations will be achieved. Additional factors that could cause Ingersoll Rand's results to differ materially from those described in the forward-looking statements can be found under the section entitled "Risk Factors" in its most recent annual report on Form 10-K filed with the Securities and Exchange Commission ("SEC"), as updated in the Company's Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2020, as such factors may be updated from time to time in its periodic filings with the SEC, which are accessible on the SEC's website at www.sec.gov. The foregoing list of important factors is not exclusive.
Any forward-looking statements speak only as of the date of this release. Ingersoll Rand undertakes no obligation to update any forward-looking statements, whether as a result of new information or development, future events or otherwise, except as required by law. Readers are cautioned not to place undue reliance on any of these forward-looking statements.
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