Trane Technologies
More information available in H2-2024

Current Score (vs. LY)

20.0 pts (-)

Last Update: Nov. 21, 2023

Current Rankings

Global: #139

S&P500: #102

Industrials: #21

33.3%

Transparency

Quality of climate reporting based on public disclosures, completeness and verification of GHG emissions

25.0%

Commitments

Level of ambition through gross absolute emissions reduction and 'net zero' targets

0.0%

Results

Results and actions to deliver on commitments for real

Greenhouse Gas Emissions

Last 3 Years Emissions Data Summary

Y2021Y2020Y2019
Scope 1 257,632273,621304,585
Scope 2 - location-based 137,264139,193154,027
Scope 2 - market-based 61,08575,149141,753
Scope 1-2 - location-based 394,896412,814458,612
Scope 1-2 - market-based 318,717 348,770 446,338
Scope 3 402,705,277242,354,105238,541,185
Total - location-based 403,100,173242,766,919238,999,797
Total - market-based 402,965,456 242,702,875 238,969,353

Note: Data sources detailed here

Y2022 Y2021
Total CO2e estimate (by Net0Tracker) 27,137,381402,965,456
Methodology Pre-calculated sector intensity (revenue)As reported

Carbon emissions are estimated according to comparable years, intensity and sector benchmarks

Performance vs. Target

Note: Targets without baseline are ignored. In case several targets exist, only the shorter-term target is displayed.


Value Chain (scope 3) Emissions by Category

Emissions Trajectory (Full Scopes)


Emissions Trajectory not available



Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Sector Benchmark

Note: Latest GHG and revenue data (based on tradingview.com) are used to calculate GHG emissions intensity by sector. The color scale of each bubble depends on the GHG intensity (GHG emissions per 1 million USD revenue). Sectors follow the Global Industry Classification Standard (GICS) that organize companies based on their primary business activities. The 11 sectors are : Information Technology, Health Care, Financials, Consumer Discretionary, Communication Services, Industrials, Consumer Staples, Energy, Utilities, Real Estate, and Materials.

Trane Technologies belongs to the sector Industrials.

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Reduction and Net Zero Targets

>Note: intensity targets are not represented in the current version - see Methodology

Gross Absolute Emission Reductions

There is no absolute emission reduction recorded in our database. Email us to report missing information Email


Net Absolute Emission Reductions

There is no absolute emission reduction recorded in our database. Email us to report missing information Email


Net Zero Future Commitments

There is no net zero target recorded in our database. Email us to report missing information Email


Science-based Targets (SBTI)

Date Published / Updated :01/03/2021

Near-term Long-Term Net Zero Standard
Targets Set : 1.5°C by 2030 Targets Set : 1.5°C by 2050 Yes by 2050
Trane Technologies is a member of the Business Ambition for 1.5 campaign (link here )

Overall Net-Zero Target
Trane Technologies commits to reach net-zero GHG emissions across the value chain by 2050 from a 2019 base year.
Near-Term Targets: Trane Technologies commits to reduce absolute scope 1 and 2 GHG emissions 50% by 2030 from a 2019 base year. Trane Technologies also commits to reduce scope 3 GHG emissions 55% per cooling ton from use of sold products within the same timeframe.
Long-term targets: Trane Technologies commits to reduce absolute scope 1 and 2 GHG emissions 90% by 2050 from a 2019 base year. Trane Technologies also commits to reduce scope 3 GHG emissions 97% per cooling ton from use of sold products within the same timeframe.

Data source: SBTI

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Offsets

Last update for Trane Technologies by zerotracker.net: Sept. 4, 2024
Planning to use external offset credits Yes
Separate targets for emission reductions and removals Yes
Conditions on use of offset credits
  • No conditions specified
Plans for carbon dioxide removal (CDR) No

Additional notes: To achieve a neutral balance, purchase carbon credits for any direct emissions Trane Technologies cannot eliminate.

Data source from zerotracker.net - For more information, see methodology

Score Summary

Ref Principle Score
(points) 		Max
(points) 		Delta
(points)
1 At least 2 years of GHG emissions for scope 1 and 2 are publicly-available and externally-verified 0.0 10.0 -
2 Scope 3 emissions are fully reported and externally-verified 0.0 10.0 -
3 CDP score demonstrates the level of transparent disclosures 10.0 10.0 -
Transparency 10.0 30.0 -
4 Net Zero Commitments by 2050 include an intermediate target and cover all the emissions 0.0 10.0 -
5 Net Zero targets demonstrate a high-level of emergency 0.0 10.0 -
6 Emission reduction targets on a forward-looking basis are ambitious 0.0 10.0 -
7 Targets are science-based as validated by SBTi 10.0 10.0 -
Commitments 10.0 40.0 -
8 Results re. operational emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 0.0 10.0 -
9 Results re. value chain emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 0.0 10.0 -
10 Implied Temperature Rating by MSCi 0.0 10.0 -
Results 0.0 30.0 -
Total 20.0 100.0 -


Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email


Score Details

Criteria Results 2023 Score 2022 Score Vs. 2022 2021 Score
Criteria 1 : Transparency on operational emissions (Scope 1 + 2)
Are S1+S2 figures publicly-disclosed for the last reporting year and the preceding period? NC 0.0 / 5.0 -
Are S1+S2 figures verified by a 3rd-party for the last reporting year? NC 0.0/ 5.0 -
Criteria 2 : Transparency on value chain emissions (Scope 3)
Are the 15 categories fully or partly disclosed? NC 0.0 / 5.0 -
Are S3 figures fully or partly verified by a 3rd-party for the last reporting year? NC 0.0 / 5.0 -
Criteria 3 : Quality and Frequency of reporting
What is the latest CDP score (no later than the preceding year)? A 10.0 / 10.0 -
How many interim reporting were provided between 2 reporting periods (GHG emissions only)?
Criteria 4 : Net Zero Commitments
Does the net 0 target include a statement of a generally-accepted net zero emission target by 2050? NC 0.0 / 3.0 -
Does the net zero target include an intermediate target by 2030? NC 0.0 / 3.0 -
Does the net zero target include all the emissions? NC 0.0 / 4.0 -
Criteria 5 : Target year for Net Zero Commitments
Target year for achieving net zero emissions for S1+S2? NC 0.0 / 5.0 -
Target year for achieving net zero emissions for S1+S2+S3 combined? NC 0.0 / 5.0 -
Criteria 6 : Reduction objectives
What is the forward-looking GHG% reduction (without compensation) for scope 1+2?
0.0 / 5.0 -
What is the forward-looking GHG% reduction (without compensation) for scope 1+2+3?
No target found
 0.0 / 5.0 -
Criteria 7 : Science-Based Targets
What type of science-based target (as validated by SBTi) did the company commit to? Targets Set 1.5°C 10.0 / 10.0 -
Criteria 8 : Results based on scope 1 - 2
Performance to date: cumulative% reduction vs. target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 -
Momentum: last year % reduction vs. forward-looking target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 -
Criteria 9 : Results based on scope 1 - 2 - 3
Performance to date: cumulative% reduction vs. target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 -
Momentum: last year % reduction vs. forward-looking target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 -
Criteria 10 : Implied Temperature Rise (ITR)
Is the company aligned with global climate targets? ITR: None°C 0.0 / 10.0 -
Total 20.0 / 100.0 -


Available Data Sources

Reporting Year 2021 2021 2020 2019 2018
Source NZPDU Yourstake NZPDU NZPDU NZPDU
Publication Year 2022 2022 2021 2020 2019
Scope 1 257,632 257,632 273,621 304,585 343,565
Scope 2 - location-based 137,264 137,264 139,193 154,027 192,939
Scope 2 - market-based 61,085 61,086 75,149 141,753 191,786
Scope 1-2 - location-based 394,896 394,896 412,814 458,612 536,504
Scope 1-2 - market-based 318,717 318,718 348,770 446,338 535,351
Scope 3 402,705,277 366,232,968 242,354,105 238,541,185 291,433,338
Total - location-based 403,100,173 366,627,864 242,766,919 238,999,797 291,969,842
Total - market-based 402,965,456 366,551,686 242,702,875 238,969,353 291,968,064

Sources

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

© Vincent Manier - September 2021 About us . Keep in touch . Blog