Dow Jones Sustainability Index Names Ingersoll Rand to World and North America Indices
SWORDS, Ireland--(BUSINESS WIRE)--Sep 13, 2018--For the eighth consecutive year, Ingersoll Rand (NYSE:IR), a world leader in creating comfortable, sustainable and efficient environments, has been named to the Dow Jones Sustainability World and North America Indices (DJSI). Continued placement on this index series showcases the company’s advances in integrating environmental, social and governance (ESG) practices into the core of how the company is operated.
“Our strong environmental, social and governance practices have helped Ingersoll Rand successfully embed sustainability throughout our business and outpace the S&P 500 Industrials Index in total shareholder return over the past five years,” said Michael W. Lamach, chairman and chief executive officer at Ingersoll Rand. “Companies like ours that have the intent and expertise to address pressing global challenges like climate change, urbanization and resource scarcity are positioned to grow faster than the market. We are proud of our repeated recognition on the Dow Jones Sustainability Index and continue to deepen our leadership in ESG practices.”
Created by S&P Dow Jones and RobecoSAM, the DJSI are a family of best-in-class benchmarks for the investment community aimed at investors who wish to reflect their sustainability convictions in their portfolios. DJSI also serves as an effective engagement platform for companies who want to adopt sustainable best practices.
Continued placement on this index series showcases Ingersoll Rand’s position as an ESG leader among peer companies and progress towards the company’s climate commitment, among other ESG factors.
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 avoidance of 11 million metric tons of CO 2 e 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.
About S&P Dow Jones Indices
S&P Dow Jones Indices LLC, a part of McGraw Hill Financial, is the world’s largest, global resource for index-based concepts, data and research. Home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average™, S&P Dow Jones Indices LLC has over 115 years of experience constructing innovative and transparent solutions that fulfill the needs of investors. More assets are invested in products based upon our indices than any other provider in the world. With over 830,000 indices covering a wide range of asset classes across the globe, S&P Dow Jones
Indices LLC defines the way investors measure and trade the markets. To learn more about the company, please visit www.spdji.com.
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CONTACT: Ingersoll Rand
Perri Richman, 732-652-6943
Zac Nagle, 704-990-3001
KEYWORD: UNITED STATES EUROPE NORTH AMERICA NORTH CAROLINA IRELAND
INDUSTRY KEYWORD: BUILDING SYSTEMS ENERGY UTILITIES HOME GOODS MANUFACTURING OTHER MANUFACTURING ENVIRONMENT RETAIL CONSTRUCTION & PROPERTY
SOURCE: Ingersoll Rand
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PUB: 09/13/2018 04:30 PM/DISC: 09/13/2018 04:30 PM