Ingersoll Rand Achieves 2020 Energy Efficiency Goal and Advances Climate Commitment with Renewable Energy
12 April 2018 - 8:30PM
Business Wire
Ingersoll Rand (NYSE:IR), a world leader in creating
comfortable, sustainable and efficient environments, announced that
it has achieved a significant milestone in its global Climate
Commitment ahead of schedule and is deepening its commitment with
on-site and off-site renewable energy investments.
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Ingersoll Rand achieved a significant
milestone in its global Climate Commitment ahead of schedule and is
deepening its commitment with on-site and off-site renewable energy
investments. (Graphic: Business Wire)
Achieving Energy Efficiency Goals
As part of its global Climate Commitment, Ingersoll Rand
committed to a 35 percent reduction of its greenhouse gas (GHG)
footprint from its own operations by 2020. To deliver on this goal,
the company targeted a 10 percent increase in energy efficiency
from a 2013 baseline – and has achieved the goal two years ahead of
schedule1.
“Energy efficiency is a primary consideration in everything we
do across our own operations and for our customers in the building,
industrial and transport industries,” said Paul Camuti, senior vice
president of Innovation and chief technology officer for Ingersoll
Rand. “We are pleased to achieve this significant milestone, and
thank the Ingersoll Rand team around the world for reducing energy
use and our impact on the environment, and enhancing sustainable
value for our customers.”
Ingersoll Rand conducted an energy audit of its own large
facilities and upgraded air conditioning systems, building controls
and lighting, and eliminated energy leakage from its compressed air
systems while measuring, validating and reporting the results. It
reduced energy use by 109,000 MM BTUs and electricity consumption
by 22,000 MWh, which is the equivalent of not burning 26 million
pounds of coal and powering 1,750 homes for one year.
Committing to On-site and Off-site Renewable Energy
Use
The company announced investments in renewable energy
technologies to deepen its Climate Commitment and reduce its impact
on the environment. At three large manufacturing sites in the U.S.
and China, Ingersoll Rand initiated or commissioned on-site solar
installations to address 15 percent of the energy load at these
locations. This is equivalent to saving 560,000 gallons of gasoline
and taking 1,000 cars off the road.
In addition to on-site renewable energy sources, Ingersoll Rand
has signed a power purchase agreement (PPA) for approximately
100,000 MWh of wind power annually. The wind farm is in Baylor
County, Texas. The PPA replaces 32 percent of the company’s U.S.
electricity use with green energy, and reduces U.S. Scope 2 GHG
Emissions from Electricity by 32 percent. This is the equivalent of
recycling 26,000 tons of waste instead of sending it to a landfill,
and preserving 600 acres of U.S. forests.
“Availability and accessibility of renewable energy options
continues to increase, making it attractive to manufacturers like
Ingersoll Rand and to our customers,” said Keith Sultana, senior
vice president – Global Operations and Integrated Supply Chain for
Ingersoll Rand. “We engaged our own Trane Energy Supply business to
provide a roadmap on how to be smarter about our energy purchases,
and to organize an agreement that is responsible to the environment
and good for our business.”
Announcing the News at the Business Renewable Center Annual
Event
Leaders from the company shared the news at the Rocky Mountain
Institute’s Business Renewable Center (BRC) annual event in Jersey
City, New Jersey last evening with representatives from 100 member
companies.
BRC is a membership program of Rocky Mountain Institute that
provides educational support for buyers, developers and
intermediaries to accelerate the market for corporate renewable
energy procurement. To date, BRC members like Ingersoll Rand have
contracted for more than 10 GW of new, renewable energy.
About the Ingersoll Rand Climate Commitment
In 2014, Ingersoll Rand publicly committed to increase its
energy efficiency and reduce the greenhouse gas emissions (GHG)
related to its operations and products. The company’s Climate
Commitment includes:
- 50 percent reduction in GHG refrigerant
footprint of its products by 2020 and lower-GWP alternatives across
its portfolio by 2030;
- $500 million investment in
product-related research and development to fund long-term GHG
reduction
- 35 percent reduction in the greenhouse
gas footprint of its own operations by 2020
Ingersoll Rand’s Climate Commitment has enabled the avoidance of
11 million metric tons of CO2e globally from its products compared
to a 2013 baseline, equal to the emissions from the energy used in
1.6 million homes for one year. The company also has reduced the
GHG intensity of its operations by 23 percent when compared to a
2013 baseline.
About Ingersoll Rand
Ingersoll Rand (NYSE:IR) advances the quality of life by
creating comfortable, sustainable and efficient environments. Our
people and our family of brands—including Club Car®, Ingersoll
Rand®, Thermo King® and Trane®—work together to enhance the quality
and comfort of air in homes and buildings; transport and protect
food and perishables; and increase industrial productivity and
efficiency. We are a $14 billion global business committed to a
world of sustainable progress and enduring results. For more
information, visit www.ingersollrand.com.
1 Achievement and data is currently receiving assurance from a
third party based upon ANSI ISO 14064-3 and GRI guidelines
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Ingersoll RandMedia:Perri Richman,
732-319-1024prichman@irco.comorInvestors:Zac Nagle,
704-990-3001investorrelations@irco.com
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