Trane Technologies reaffirms net-zero targets at the COP26 conference

Trane Technologies, a global HVAC system manufacturer and climate innovator, has reportedly reiterated its goal of reaching net-zero emissions at the 2021 UN Climate Change Conference of Parties (COP26).

Notably, Trane Technologies has committed to a net-zero target by 2050, to support worldwide efforts in limiting global warming to 1.5°C. These targets are in accordance with the Science Based Targets initiatives (SBTi) Ambition, as well as the United Nations Framework Convention on Climate Change (UNFCCC) Race to Zero program

The company has an array of aggressive science-based targets in place to reduce product emissions by 50% by 2030. This will cut consumers’ carbon emissions by one gigaton in 2030 and allow the company to achieve carbon-neutral operations during the same year.

The UNFCCC’s Race to Zero initiative will be the foremost topic of discussion during the COP26 conference.

At the conference, CEO of Trane Technologies, Dave Regnery, will urge private companies and governments to accelerate the progress towards decarbonizing homes, buildings, and refrigerated transportation by employing sustainable technology that exists today and innovating new technology for the future.

This will be a stepping stone towards reaching net-zero emissions, as 15% of the total GHG emissions originate from heating & cooling buildings and another 10% comes from food wastage.

It is worth mentioning that Trane Technologies was the first HVAC (Heating, Ventilation, and Air Conditioning) sector company to implement science-based emissions reduction targets recommended by the Science Based Targets Initiatives (SBTi).

The company is one of the few organizations worldwide to have attained SBTi validated targets in 2018, and then set a second target for 2030 based on the latest science.

In October this year, Dave Regnery joined a group of 100 CEOs of multinational companies - the members of World Economic Forum’s Alliance of CEO Climate Leaders, and wrote a letter to world leaders pledging their support for decisive climate steps at the COP26 conference.

Source Credits –

https://www.businesswire.com/news/home/20211101005058/en/Trane-Technologies-Announces-Net-Zero-Ambition-In-Line-With-UNFCCC-%E2%80%9CRace-to-Zero%E2%80%9D