Trane Technologies

Industrial Machinery
TT
$ 131 0.78
Share price
$ 31 bn
Market Cap
$ 34 bn
Enterprise Value

Carbon footprint

10 Ton
GHG emissions per $ 1 mln investment
0.37x the weighted average for S&P 500
FY2020
How is this calculated?
-18%
YOY change in GHG emissions
Stronger than the -8.7% weighted average for S&P 500
FY2020 vs. previous year

Primary Climate Goal

-3.9%
Proj. YOY change in GHG emissions (Scope 1 + 2)
Weaker than the -5.1% weighted average for S&P 500
FY2021
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

-4.8%
Proj. YOY change in GHG emissions (Scope 3)
Weaker than the -6.3% weighted average for S&P 500
FY2021
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 2020 at 349 Kt (-75 /-17.7% y-o-y). Also positively, carbon intensity was down at 28 t (-4.4 /-13.6% y-o-y).

Trane Technologies's Scope 3 emissions declined marginally to 242,206 Kt (-2,027 /-0.8% y-o-y).

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 -14 Kt per annum over the period of FY2021 - 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 -11,520 Kt per annum over the period of FY2021 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Company environmental metrics

Show more...