As the world focuses on COP28 in Dubai, Trane Technologies, a prominent global climate innovator, underscores the pivotal role of technology and policy in combating climate change. With the window to limit global warming narrowing, the company advocates for bolder accountability aligned with the United Nations Sustainable Development Goals.
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Advocating for Decarbonization and Sustainable Policies
Scott Tew, Vice President of Sustainability at Trane Technologies, emphasises the need for innovation and supportive policies to drive decarbonization at scale. He stresses that companies worldwide, spanning all sectors, must be accountable for meeting commitments and taking urgent action to create a more sustainable future. Trane Technologies is a member of the World Economic Forum’s Alliance of CEO Climate Leaders, aligning its goals with the COP28 open letter that calls for increased public-private collaboration to reduce emissions globally.
Trane Technologies leaders will actively participate in climate action dialogues throughout COP28, addressing various aspects of climate innovation. These dialogues include discussions on financing and innovating industry decarbonization, accelerating climate innovation, disrupting climate trends through next-generation leadership, and reducing city emissions through improved building management and clean transport.
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Technology Driving Emission Reductions
Jose La Loggia, President of Commercial HVAC EMEA at Trane Technologies, highlights the existing technology capable of significantly reducing emissions for both the company and its customers. He points to innovative thermal management systems, renewable energy sources, and the electrification of heating as game-changing solutions, contributing to energy security and enhanced efficiency.
Trane Technologies recently fulfilled key commitments to reduce embodied carbon in its supply chain. Notably, the company shipped over one million HVAC units with low-carbon steel and provided fully electric, zero direct emission refrigeration solutions for the Europe, Middle East, and Africa region. Acknowledged for transparency, credibility, and accountability, the company received an A grade in As You Sow’s 2023 Road to Zero Emissions Report and was recognized as a 2023 Corporate Climate Policy Engagement Leader by InfluenceMap.
African Development Bank aims to amplify climate action at COP28
Advancing 2030 Sustainability Commitments
Trane Technologies continues to advance its 2030 Sustainability Commitments, including the Gigaton Challenge, aiming to reduce customer greenhouse gas emissions by one billion metric tons. The company’s pledge to achieve net-zero emissions by 2050 reinforces its industry-leading position in emissions reduction targets, validated by the Science Based Targets Initiative.
In a rapidly evolving landscape, Trane Technologies exemplifies the fusion of technology and sustainability, driving innovation and accountability in the quest for a greener future.
About Trane Technologies
Trane Technologies stands as a global climate innovator, delivering efficient and sustainable climate solutions through brands like Trane® and Thermo King®. With a commitment to environmentally responsible products and services, the company addresses climate challenges in buildings, homes, and transportation.