Trane Technologies

Industrial Machinery
TT
$ 148 (0.05)%
Share price
$ 34 bn
Market Cap
$ 38 bn
Enterprise Value

Carbon footprint

8.4 Ton
GHG emissions per $ 1 mln investment
0.21x the weighted average for S&P 500
FY2021
How is this calculated?
-9.2%
YOY change in GHG emissions
Weaker than the +4.9% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

-3.7%
Proj. YOY change in GHG emissions (Scope 1 + 2)
Weaker than the -6.6% weighted average for S&P 500
FY2022
How is this calculated?

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
Trane Technologies's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

Secondary Climate Goal

-5.4%
Proj. YOY change in GHG emissions (Scope 3)
Weaker than the -6.2% weighted average for S&P 500
FY2022
How is this calculated?

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
Trane Technologies's actual and proj. GHG emissions (Scope 3) (Kt of CO2e)

GHG emissions and Carbon intensity

Trane Technologies's GHG emissions (market-based) (Kt of CO2e)
Trane Technologies's Carbon intensity (Tons per 1 USDm)

Trane Technologies's carbon footprint

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 decreased to 28 t (-4.3 /-13.2% 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.

Company environmental metrics

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