Ingersoll Rand Awarded Leadership Status In CDP's Annual Climate Change Report

The annual Global Climate Change Report from CDP awarded Ingersoll Rand (NYSE:IR), a world leader in creating comfortable, sustainable and efficient environments, leadership status with a final letter grade of A-. The report and grading award is based on analysis of the current state of corporate climate action.

A high score in the CDP report (scores of A or A-) distinguishes leaders in the global effort to shift to a below-2-degrees Celsius world, the maximum temperature threshold outlined in the Paris Climate Agreement. This agreement, led by the United Nations Framework Convention on Climate Change (UNFCCC), aims to stabilize greenhouse gas (GHG) concentrations in the atmosphere at a level that will prevent dangerous human interference with the climate system. Companies scoring high with the CDP have made public climate commitments and implemented emissions reduction strategies which will help achieve international goals.

"To attain the objectives outlined in the Paris Climate Agreement, companies need to weave sustainability into their business systems and work with industry partners to develop more climate-friendly solutions," said W. Scott Tew, executive director of the Center for Energy Efficiency and Sustainability (CEES) at Ingersoll Rand. "We are honored to receive the CDP leadership status, as this recognition demonstrates our long-term commitment to address the global demand for energy resources, to reduce our carbon footprint and to achieve our own Climate Commitment goals."

CDP, which runs a global environmental disclosure system, updated the scope and methodology of its report in light of the Paris Climate Agreement. The report now combines performance and disclosure into one score, and addresses how prepared companies are for the low-carbon transition. It serves as a baseline for companies tracking the progress of their climate action.

"The choice facing companies and investors has never been clearer: seize the opportunities of a carbon-constrained world and lead the way in shaping our transition to a sustainable economy; or continue business as usual and face serious risks," said Paul Simpson, CEO of CDP.

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