Trane Technologies (formerly Ingersoll-Rand)

InfluenceMap Score
B-
Performance Band
81%
Organisation Score
61%
Relationship Score
Sector:
Industrials
Head​quarters:
Davidson, United States

Climate Lobbying Overview: Trane Technologies (formerly Ingersoll-Rand) demonstrates generally positive and increasingly active engagement with US climate policy. While Trane Technologies exited the US Chamber of Commerce in 2019, its CEO remains on the Executive Committee of the National Association of Manufacturers, which is actively, negatively lobbying on US climate policy.

Top-line Messaging on Climate Policy: Trane Technologies (Trane) has communicated top-line support for climate policy from 2019-22. In a corporate blog in January 2022, Trane supported global net-zero emissions and accelerated government action and policy to achieve this aim. The company and its CEO Dave Regnery have also signed multiple joint letters advocating for climate action, such as a letter through Corporate Leaders Group Europe in June 2021 advocating for the EU Fit for 55 package, as well as a January 2021 C2ES letter supporting reentry of the US into the Paris Agreement. In February 2022, via a joint letter with C2ES, Trane advocated in support of the climate provisions in the Build Back Better Act. A January 2021 press release by Trane reiterated the company’s consistent support for the Paris Agreement, including its opposition to US withdrawal in 2017.

Engagement with Climate-Related Regulations: Trane has engaged positively on climate policy, though with limited engagement. In a joint letter with C2ES in February 2022, Trane supported the climate provisions in the Build Back Better Act, including the clean energy tax credits, and urged Congress to pass them. In its 2021 CDP response, Trane disclosed support for US EPA regulations that align with the Kigali Amendment, as well as more ambitious GHG emissions standards for HFCs. In its 2019 ESG report, released April 2020, Trane disclosed that it has engaged policymakers to support numerous US energy efficiency bills. These include The Energy Savings and Industrial Competitiveness Act, US federal tax incentives to promote energy efficiency, and energy efficiency targets in North Carolina. The same report also communicates support for “policies that encourage non-battery storage like thermal energy storage technologies in U.S. states” alongside “clean energy plans” in several regions and US states, though the details of its engagement were unclear.

Positioning on Energy Transition: Trane Technologies has limited, positive engagement with policy related to the energy mix. On Twitter in May 2021, Trane offered broad support for public and private sector collaboration to advance decarbonization of the economy. In press releases from 2020-21, Trane stated support for the decarbonization of buildings and heating in the EU, including by “moving away from fossil fuel heating.” In its 2019 ESG report, Trane stated support for decarbonizing the electricity sector.

Industry Association Governance: Trane Technologies has publicly disclosed a list of its memberships to industry associations on its website, without their climate policy positions, its role within each association, or an assessment of alignment. In its 2021 CDP response, Trane disclosed membership in only two industry associations, failing to note its membership in the National Association of Manufacturers (NAM) where its CEO, Dave Regnery, was formerly Chair of the Board of Directors and continues to serve on the Board. NAM appears actively opposed to most forms of US climate policy, including the US Build Back Better Act. Previously, Trane was a member of both the US Chamber of Commerce and Business Roundtable before exiting both associations in 2019. The company remains a member of Advanced Energy Economy.

QUERIES
DATA SOURCES
21NA1NS1NS
12NS122NS
22NS221NS
12NSNSNS2NS
0NA-1NANANANS
NSNSNSNSNS1NS
NSNSNSNSNS2NS
2112NS2NS
22NSNSNS2NS
11NSNS12NS
222022NS
0NA-1NANANANS
Strength of Relationship
STRONG
 
 
 
 
 
 
 
WEAK
 
29%
 
29%
 
84%
 
84%
 
95%
 
95%

How to Read our Relationship Score Map

In this section, we depict graphically the relationships the corporation has with trade associations, federations, advocacy groups and other third parties who may be acting on their behalf to influence climate change policy. Each of the columns above represents one relationship the corporation appears to have with such a third party. In these columns, the top, dark section represents the strength of the relationship the corporation has with the influencer. For example if a corporation's senior executive also held a key role in the trade association, we would deem this to be a strong relationship and it would be on the far left of the chart above, with the weaker ones to the right. Click on these grey shaded upper sections for details of these relationships. The middle section contains a link to the organization score details of the influencer concerned, so you can see the details of its climate change policy influence. Click on the middle sections for for details of the trade associations. The lower section contains the organization score of that influencer, the lower the more negatively it is influencing climate policy.