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TRANE TECHNOLOGIES PLC

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Trane Technologies : rsquo; Thermo King Manufacturing Production Line is Among the First in Europe to be ISO-Certified as Carbon Neutral

06/16/2021 | 06:31am EDT

The Advancer-A trailer refrigeration production line supports the company’s commitment to achieving net-carbon neutral emissions across its global operations by 2030

Thermo King, a brand of global climate innovator Trane Technologies (NYSE:TT) announced today that its state-of-the-art Thermo King® manufacturing production line in Galway, Ireland, was awarded the ISO 14064-1 (Carbon Neutrality) certification from the National Standards Authority of Ireland (NSAI), the first in the country and one of the first in Europe. The recognition demonstrates the company’s path towards their 2030 Sustainability Commitments, which includes leading by example in achieving net-zero carbon emissions, zero waste-to-landfill, and net positive water use in its own operations. The company’s commitments also include the Gigaton challenge to reduce customer emissions by 1 billion metric tons.

The Advancer A-Series trailer line, which was introduced last year, reduced energy used in its production processes by 60 percent over previous models. The refrigeration units are also 30% more fuel-efficient than the market average. The manufacturing line achieves carbon neutrality through a combination of efficiency measures and external carbon emission reduction initiatives. The award is based on greenhouse gas (GHG) emissions data across the entire manufacturing process including welding, e-coating, assembly and unit testing.

“The Advancer and the zero-waste-to-landfill plant in Galway reflect Trane Technologies’ commitment to a sustainable, carbon-free society,” said Francesco Incalza, President Thermo King EMEA for Trane Technologies. “We are proud to receive this certification and continue to prioritize carbon neutral operations and producing energy efficient, clean technologies for heating and cooling buildings and transporting food, medicines, vaccines, and other critical goods. We challenge what’s possible today to accelerate progress towards a sustainable tomorrow.”

The company’s overall carbon emissions targets have been validated by the Science Based Targets Initiative (SBTi); it is one of only 47 companies whose targets have been validated twice. Trane Technologies’ plans include reducing product emissions by 50% in support of the Paris Agreement goal to limit global warming to 1.5 degrees Celsius, requiring net-zero global carbon emissions by 2050.

For more information, read Trane Technologies’ 2020 ESG report, “Bold Action for a Sustainable Future,” or visit the 2030 Sustainability Commitments page.

About Trane Technologies

Trane Technologies is a global climate innovator. Through our strategic brands Trane and Thermo King, and our environmentally responsible portfolio of products and services, we bring efficient and sustainable climate solutions to buildings, homes, and transportation. Learn more at tranetechologies.com.


ę Business Wire 2021
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Financials (USD)
Sales 2021 13 950 M - -
Net income 2021 1 445 M - -
Net Debt 2021 2 469 M - -
P/E ratio 2021 34,6x
Yield 2021 1,13%
Capitalization 49 508 M 49 508 M -
EV / Sales 2021 3,73x
EV / Sales 2022 3,51x
Nbr of Employees 35 000
Free-Float 99,6%
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Christopher J. Kuehn Chief Financial Officer & Senior Vice President
Michael W. Lamach Executive Chairman
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Stephen Hagood Chief Information Officer & Senior Vice President
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