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Global warming

Trane Technologies Leads the Way in Decarbonization Efforts

Strategic Insights

— 1 min read

Trane Technologies, a global climate innovator, is making significant strides in reducing energy use and carbon emissions for its customers and in its own operations. According to its 2024 Sustainability Report, the company has consistently executed a focused sustainability strategy, invested in innovation, and delivered leading business and sustainability performance. Trane Technologies' efforts have resulted in a substantial reduction of customer carbon emissions, with a goal to reach one gigaton (or, one billion metric tons) of customer carbon emissions reduction by 2030.

Key Takeaways:

  • Trane Technologies has reduced customer carbon emissions by 237 million metric tons since 2019, on track to meet its Gigaton Challenge goal by 2030.
  • The company has launched 190 new products in 2024, including a significant portfolio refresh with lower global warming potential (GWP) refrigerants.
  • Trane Technologies has achieved a fourth consecutive year of more than 20% adjusted EPS growth, driven by high customer demand for sustainable solutions.
  • The company has proven that embedding sustainability into its purpose, strategy, and culture is possible, generating positive outcomes for customers, investors, employees, and society.
  • Trane Technologies' 2024 Sustainability Report showcases data aligned with leading sustainability frameworks, demonstrating the company's commitment to sustainability and decarbonization efforts.

Statistics:

  • 237 million metric tons: reduction in customer carbon emissions since 2019.
  • 20%: adjusted EPS growth for the fourth consecutive year.
  • 190: new products launched in 2024, including a significant portfolio refresh with lower GWP refrigerants.
  • 2030: target year for Trane Technologies to reach its Gigaton Challenge goal of reducing one gigaton (or, one billion metric tons) of customer carbon emissions.

Sources:

  • "Trane Technologies Makes Strides in Sustainability with /2024 Sustainability Report - VerticalNews" (published on 2025 JUN 16)
  • Trane Technologies' 2024 Sustainability Report (published by Trane Technologies)

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