Climate Policy Engagement Analysis
Climate Policy Engagement Overview: Trane Technologies (formerly Ingersoll-Rand) demonstrates generally positive and increasingly active engagement with U.S. and EU climate policy. Trane Technologies CEO remains an Executive Committee Member on the Board of Directors of the National Association of Manufacturers, a group that is actively, and negatively lobbying on U.S. climate policy.
Top-line Messaging on Climate Policy: Trane Technologies (Trane) has communicated consistent support for climate policy, generally aligning its top-line messaging with IPCC goals. In its 2024 Sustainability Report published in May 2025, the company acknowledged the causal relationship between human activity, climate change, and related weather phenomena, broadly supported climate neutrality in line with IPCC timelines, and expressed support for government regulation to respond to climate change. Earlier, in October 2024, Trane’s CEO joined a WEF COP29 letter calling for more ambitious nationally determined contributions (NDCs) and supporting the UN Climate Treaty.
Engagement with Climate-Related Policy: Trane has generally engaged positively on climate policy, both in the U.S. and internationally. In May 2025, the company submitted a policy proposal to the European Commission on the Industrial Decarbonization Act, calling for more ambitious energy efficiency standards, additional electrification targets, mandatory integration of waste heat recovery in industrial design, and inclusion of these technologies in national climate plans. The company’s response framed heat pumps as a key lever to meet EU Climate Law targets. Trane disclosed broad support for GHG emissions regulation in its 2024 CDP Response.
Earlier, in June 2024, Trane advocated for more ambitious building standards in the EU in a European Commission consultation response. In April 2024, the company supported the Biden Administration’s initiative requiring federal contractors to set GHG emissions reduction targets. In October 2023, Trane, through the Ceres BICEP Coalition, advocated for the strongest possible Corporate Average Fuel Economy (CAFE) standards in the U.S., while also joining a World Economic Forum joint letter in support of renewable energy legislation and targets. In September 2023 Trane advocated for Michigan policymakers to expand access to distributed renewable energy, including rooftop and community solar.
Positioning on Energy Transition: Trane Technologies has generally engaged positively with policies related to the energy mix, with at least one notable recent exception. In June 2025, the company joined a letter advocating for the passage of the U.S. budget reconciliation bill, which proposed repealing or rapidly phasing out many of the Inflation Reduction Act’s climate incentives while facilitating the buildout of fossil fuel infrastructure. The statement emphasized tax provisions without addressing the bill’s negative implications for the energy transition.
By contrast, Trane strongly supported the European Automotive Action Plan and advocated for the electrification of refrigeration systems installed on heavy-duty vehicles in an April 2025 meeting with the European Commission. In its 2024 CDP Response, the company also broadly supported regulatory measures to accelerate the transition toward zero-carbon technologies and infrastructure.
Earlier engagements reinforce this pro-transition stance. In October 2023, as part of the We Mean Business Coalition, Trane advocated for the phase-out of fossil fuels in favor of renewables and supported urgent decarbonization of the power sector. In September 2023, Trane signed a Ceres letter urging ambitious policies on building electrification and encouraging states to pursue decarbonization funding under the Inflation Reduction Act. In August 2023, through the Ceres BICEP Network, the company supported the EPA’s power plant rule while advocating for stronger standards on coal and gas plant GHG emissions.
Industry Association Governance: Trane Technologies has publicly disclosed a list of its memberships to industry associations on its website, however, the company has not published a dededicated review of its alignment with its industry associations' climate policy positions and engagement activities. Trane is a member of the National Association of Manufacturers (NAM) where its CEO, Dave Regnery, was formerly Chair of the Board of Directors and currently sits on the Executive Committee. NAM has actively opposed numerous specific climate policies in the US, including the U.S. Inflation Reduction Act. The company remains a member of the European Association of Automotive Suppliers (CLEPA), a group that has actively promoted the use of e-fuels over policy to enable the electrification of the transportation sector.
A detailed assessment of the company's corporate review on climate policy engagement can be found on InfluenceMap's CA100+ Investor Hub here.
InfluenceMap collects and assesses evidence of corporate climate policy engagement on a weekly basis, depending on the availability of information from each specific data source (for more information see our methodology). While this analysis flows through to the company’s scores each week, the summary above is updated periodically. This summary was last updated in Q3 2025.