Ingersoll Rand's Outstanding Sustainability Progress in 2024

Ingersoll Rand's Commitment to Sustainability in 2024

Ingersoll Rand Inc. (NYSE: IR) celebrates a remarkable year in sustainability and innovation. The company's 2024 sustainability report entitled "Enabling Growth: Leading Sustainably with Purpose" outlines its progress in operational excellence and responsible business practices.

Global Recognition for Sustainability Leadership

Ingersoll Rand's commitment to sustainability has earned it recognition on a global scale. For the third consecutive year, the company has ranked in the top 1% of its industry in the 2024 S&P Global Corporate Sustainability Assessment. This acknowledgment serves as a testament to its ongoing efforts to lead in environmental stewardship.

CDP A List Inclusion

Continuing its trend of excellence, Ingersoll Rand was named to the prestigious “A List” by CDP for environmental stewardship. This recognition highlights the company’s leadership in supplier engagement for two consecutive years, further emphasizing its dedication to sustainable practices.

Science-Based Targets Initiative

The company achieved validation from the Science Based Targets initiative (SBTi) for its ambitious Scope 1, 2, and 3 near-term and net-zero targets, aligning its efforts with the critical 1.5°C climate goal.

Environmental Impact and Operational Efficiency

Ingersoll Rand's transparency is evident in the report which outlines significant environmental impact and operational improvements. The company is making strides in reducing greenhouse gas (GHG) emissions and achieving sustainability goals.

GHG Emissions Reduction

Ingersoll Rand has made commendable progress towards its SBTi validated Scope 1 and 2 GHG emissions reduction goal, achieving 61% of the targeted 42% reduction. This substantial progress reflects the company’s methodical approach to mitigating its environmental footprint.

Water Reduction Initiatives

Exceeding expectations, Ingersoll Rand surpassed its water reduction goal of 17% with an impressive absolute reduction of 38%. Such initiatives demonstrate its commitment to conserving vital resources.

Zero Waste to Landfill

The company has also achieved 74% progress toward its zero waste to landfill goal, aiming to have over 50% of its sites attain this status. This initiative not only enhances waste management practices but also reinforces Ingersoll Rand's position as a leader in industrial sustainability.

A People-First Approach to Workplace Safety

The commitment to a people-first culture is evident in Ingersoll Rand's impressive safety performance. The total recordable incident rate (TRIR) of 0.54 is notably 72% better than the industry average, showcasing the company’s dedication to employee safety.

Employee Engagement and Ownership

Ingersoll Rand’s Ownership Works program has granted equity to around 3,900 employees, with a total of over 25,000 employees receiving equity grants since May 2017. This initiative fosters a sense of ownership and partnership among employees, further cultivating a positive workplace culture.

High Employee Engagement

The company has maintained an impressive employee engagement index score of 81, placing it in the top 10% of manufacturing companies. This high score underscores Ingersoll Rand's commitment to creating an engaging and rewarding work environment.

Leadership Perspective on Growth and Sustainability

Vicente Reynal, chairman and CEO of Ingersoll Rand, expressed pride in the company's achievements, stating, “2024 was a milestone year for Ingersoll Rand. We proved that sustainability and growth are not only compatible but mutually reinforcing.”

He emphasized the importance of sustainable innovation in creating value for customers, improving operational efficiency, and delivering long-term shareholder value.

About Ingersoll Rand Inc.

Ingersoll Rand Inc. (NYSE: IR), with its entrepreneurial spirit and ownership mindset, is dedicated to enhancing the lives of its employees, customers, shareholders, and the planet. The company's products and services excel in the demanding landscapes of life science and industrial solutions, supported by over 80 respected brands.

Frequently Asked Questions

1. What is Ingersoll Rand known for?

Ingersoll Rand is known for providing mission-critical flow creation and life science and industrial solutions.

2. What significant awards has Ingersoll Rand received?

The company has been ranked in the top 1% of its industry in global sustainability assessments and included in the CDP A List for environmental stewardship.

3. How does Ingersoll Rand focus on sustainability?

The company emphasizes sustainability through its greenhouse gas reductions, water conservation efforts, and waste management initiatives.

4. What is Ingersoll Rand's employee engagement strategy?

The company implements a people-first approach, maintaining high employee engagement scores and providing equity ownership opportunities through its Ownership Works program.

5. Where can I learn more about Ingersoll Rand's initiatives?

For more information, visit Ingersoll Rand's official website to explore detailed reports and insights into their sustainability and employee engagement initiatives.

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