Today, His Royal Highness The Prince of Wales recognized Trane Technologies for global leadership in sustainability.
Trane Technologies Honored by His Royal Highness The Prince of Wales with 2021 Terra Carta Seal for Sustainability Leadership.
In its inaugural year, the award recognizes the company for leading industry, driving transformative innovation and delivering solutions for a sustainable market.
Today, Trane Technologies stepped one notch closer to knighthood with the honor of being among the first recipients of the Terra Carta Seal for sustainability leadership. The award was bestowed by His Royal Highness The Prince of Wales to Trane Technologies’ Scott Tew at an event held in conjunction with the U.N. Climate Change Conference of the Parties (COP26) in Scotland.
The inaugural 2021 Terra Carta Seal is part of the Sustainable Markets Initiative and recognizes global companies that are driving innovation and demonstrating commitment and momentum towards the creation of genuinely sustainable markets. Trane Technologies is one of only 45 global companies to be presented with the prestigious award, showing leadership within industry and a credible, scientific-based transition plan for achieving net zero by 2050.
“Our purpose at Trane Technologies is to boldly challenge what’s possible for a sustainable world,” said Dave Regnery, CEO for Trane Technologies. “Every day, our 37 thousand employees around the world work to build a better, healthier planet as we help solve for big challenges like climate change and innovate towards a net-zero economy. Being named one of the inaugural Terra Carta Seal recipients is a great honor. We recognize the urgent need for climate leadership, which is why we set ambitious 2030 Sustainability Commitments, including the Gigaton Challenge to reduce our customers’ carbon emissions by a billion metric tons. We are proud to be leading our industry towards the creation of a sustainable future for generations to come.”
His Royal Highness The Prince of Wales, said “The Terra Carta Seal recognizes those organizations which have made a serious commitment to a future that is much more sustainable, and puts Nature, People and the Planet at the heart of the economy. We all need to make changes if we are to preserve the planet for our children and grandchildren and these businesses have pledged to make it easier for us all to do so.”
The Terra Carta launched in January 2021 and aims to provide an integrated roadmap towards an inspiring, inclusive, equitable, prosperous and sustainable future for the sake of present and future generations; one that will harness the power of nature combined with the transformative power, innovation and resources of the private sector.
With our 2030 Sustainability Commitments, we are helping solve for some of the world’s biggest sustainability challenges, inspiring industry and global change and creating a more equitable, inclusive world. These commitments include a pledge to reduce customer greenhouse gas emissions by one gigaton (2% of the world’s annual emissions) and achieve carbon-neutral operations. Our “Opportunity for All” pledge commits to achieving gender parity in leadership, workforce diversity reflective of its communities, and community initiatives that support equitable education and pathways to green and Science, Technology, Engineering and Math (STEM) careers.
We also announced earlier this week a continued commitment to a 2050 net-zero target and participation at the 2021 U.N. Climate Change Conference of Parties (COP26) in Glasgow, Scotland. CEO Dave Regnery will take the global stage and urge businesses and governments to accelerate progress towards decarbonizing buildings, homes and refrigerated transportation by adopting sustainable technology that exists today while innovating for the future.