Trane Technologies and luxury retailer Neiman Marcus Group are collaborating to decarbonize the luxury retailer's footprint through renewable energy, electrification, energy efficiency, and refrigerant management. Leveraging recommendations from Trane's customized energy decarbonization roadmap, Neiman Marcus Group is implementing significant change through major climate commitments and upgrades at stores across the country – efforts outlined in the company's inaugural Environmental, Social, Governance (ESG) report, “Our Journey to Revolutionize Impact.” Neiman Marcus Group has worked with Trane for years to help create energy-efficient, healthy, and comfortable spaces across its stores. Now, the companies are expanding their collaboration to achieve emissions reductions in line with Neiman Marcus Group's sustainability goals, beginning with a quantitative portfolio-wide analysis to strategically identify the facilities and initiatives that will deliver the most impactful outcomes for Neiman Marcus Group, shoppers, and shareholders.

With a shared vision for creating a more sustainable and equitable future, the companies have each set ambitious, science-based targets focused on carbon emissions reductions against a 2019 baseline. The Neiman Marcus Group has committed to a 50% reduction in Scope 1 (direct) and 2 (indirect) emissions across their real estate portfolio by 2025, in addition to pledging 100% renewable energy use by 2030. Trane Technologies has a longstanding history as an industry leader for sustainability, and has made bold 2030 Sustainability Commitments that include its Gigaton Challenge which aims to eliminate one gigaton – one billion metric tons – of customers' carbon emissions by 2030.