Ingersoll Rand has declared during 2014 CGI Annual Meeting and United Nations Climate Summit, the importance of, and company’s commitment to, reducing greenhouse gas emissions.
Ingersoll Rand’s Commitment to Action will avoids the CO2 emissions corresponding to powering nearly 2 million homes for one year.
The commitment reduces company’s climate impact with operational and product-related climate targets like 50 percent reduction in the greenhouse gas refrigerant footprint by 2020 and lower global warming potential alternatives by 2030.
In addition, 35 percent reduction in the greenhouse gas footprint of office buildings, manufacturing facilities and fleet by 2020 is also targeted.
Energy efficiency requires action now and can be the most effective way of reducing greenhouse gas emissions, said, Michael W. Lamach, chairman, chief executive officer, Ingersoll Rand.
Until the world finds a better way to reduce GHG emissions developing Energy efficiency technologies will be the only option, noted, Venkatesh Valluri, chairman, president, Ingersoll Rand India.
As the Indian economy develops, it is essential to drive robust initiatives to improve energy efficiency and sustainability. Over the years, Ingersoll Rand has been leading the way towards driving Innovation and Technology Convergence in India to drive sustainable growth. Efforts to collaborate with the government and other stakeholders to provide optimized, energy-efficient solutions and implement environment friendly initiatives are in progress, he said.
Moreover, two of the company’s climate brands, Trane and Thermo King, will launch products that use refrigerants with lower global warming potential and customized for environmental plans in next five years.
The company is committed to addressing energy consumption and refrigerant charge, leakage and technology, factors that contribute to greenhouse gas emissions. It will find a standardized approach to minimize refrigerant leakage in product design and reliability, manufacturing and servicing practices.
As part of the product plans, the company has committed $500 million to product-related research and development by 2020 including work with other industry experts to help identify a lower global warming potential roadmap for areas without viable alternatives and work with universities to develop and test alternative technologies.
Besides, the company will reduce operational greenhouse gas emissions by lowering energy consumption, investing in technology, and improving fleet fuel economy. This includes continuing to retrofit facilities with operationally efficient equipment and changing fleet procurement requirements into lower fuel consumption options.
Protecting the climate requires a deeper commitment from citizens including corporate citizens. Industry leaders must harness inventive genius to deliver the climate-friendly products of the future. Ingersoll Rand’s climate commitments show that it is listening and delivering, said, Durwood Zaelke, president, Institute for Governance and Sustainable Development.