Trane Technologies

Building Products

$ 203 (0.63)%

Share price

$ 46 bn

Market Cap

$ 51 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

0.18x the weighted average for S&P 500

FY2021

Primary Climate Goal

Proj. YOY change in GHG emissions (Scope 1 + 2)

Weaker than the -8% weighted average for S&P 500

FY2022

Trane Technologies aims to reduce Scope 1 + 2 by 50% by 2030 from a base year 2019

This target has not been verified as science based according to SBTi

Secondary Climate Goal

Proj. YOY change in GHG emissions (Scope 3)

Weaker than the -6.2% weighted average for S&P 500

FY2022

Trane Technologies aims to reduce Scope 3 by 48% by 2030 from a base year 2019

This target has not been verified as science based according to SBTi

GHG emissions and Carbon intensity

Trane Technologies reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 319 Kt (-32 /-9.2% y-o-y). Also positively, carbon intensity plunged to 23 t (-5.7 /-20.2% y-o-y).

Trane Technologies's Scope 3 emissions took off to 366,163 Kt (+34,957/+11% y-o-y). There has been no consistent trend in recent years.

The company is committed to reducing Scope 1 + 2 by 50% by 2030 from a base year 2019, which translates into the estimated reduction of -12 Kt per annum over the period of FY2022 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Also, the company commits to reducing Scope 3 by 48% by 2030 from a base year 2019, which translates into the estimated reduction of -19,582 Kt per annum over the period of FY2022 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Date	Total CO2e emissions (market-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2021Q4	319	258	61	366,163	14,136	23
2020Q4	351	276	75	331,206	12,455	28
2019Q4	425	314	111	365,233	13,076	33