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Trane Technologies plans to cut its product carbon emissions by nearly 50 per cent by 2030.

The company also confirmed its ambitious emissions reduction targets have been validated by the Science Based Targets Initiative (SBTi).

Cutting product emissions in half over the next decade supports Trane Technologies’ 2030 Sustainability Commitments, including its Gigaton Challenge to reduce customer emissions by one billion metric tonnes. It also supports the Paris Agreement goal to limit global warming to 1.5 degrees Celsius, which will require net-zero global carbon emissions by 2050.

Trane Technologies chair and chief executive officer, Mike Lamach, said 15 per cent of the world’s carbon emissions come from heating and cooling buildings, and another 10 per cent from global food loss.

“We are transforming our operations and revolutionizing the way the world heats and cools buildings and moves refrigerated goods,” he said.

“The SBTi-validation adds third-party credibility to our actions - we have real commitments, based on facts and data, that are externally validated and aligned with climate science. It will take a global response to address the growing climate emergency.

“We urge other companies to join us in taking bold actions to reduce greenhouse gas emissions and backing them up with science-based targets. Our team around the world is working hard every day to fulfill our purpose and pioneer a more sustainable and equitable future.”

Trane Technologies continues to make progress against its 2030 Sustainability Commitments through action including:

The company is especially proud to be one of 615 companies worldwide with science-based targets and one of only 47 companies to have its targets verified by SBTi twice.

“Even fewer companies have had their targets verified twice at the highest ambition level, which is those commitments that support limiting global warming to 1.5 degrees,” Lamach said.

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