Ingersoll Rand receives top rankings for sustainability
Ingersoll Rand Inc. has been recognized as a leader in sustainability with top rankings from CDP, the Dow Jones Sustainability Indices (DJSI), and MorningstarSustainalytics.
The company was named to the “A List” for its performance in tackling climate change and commitment to global environmental leadership by CDP, an international nonprofit that runs the environmental disclosure system for companies, cities, states, and regions. CDP’s annual environmental disclosure and scoring process is globally recognized as the gold standard for corporate environmental transparency.
Out of the more than 21,000 companies scored, Ingersoll Rand was among 1.7% of companies to receive an “A” score for its efforts that include reducing its greenhouse gas emissions, utilizing a Design for Sustainability process for all new product development, and developing strategies that assess climate risks and opportunities.
In addition, S&P Global recently announced that Ingersoll Rand ranked first worldwide within the IEQ Machinery and Electrical Engineering industry, achieving a score of 81 out of 100 on the 2023 S&P Global Corporate Sustainability Assessment. The score puts Ingersoll Rand in the top 1% of companies in its industry.
Ingersoll Rand was also named to the DJSI World and North America Indices for the second year in a row. Since its launch in 1999, DJSI is a widely recognized standard for measuring corporate environmental, social, and governance (ESG) progress across industries. To be considered for inclusion, companies are evaluated on ESG policies and actions through the annual S&P Global Corporate Sustainability Assessment (CSA).
Last, Ingersoll Rand maintained a low-risk rating from Morningstar Sustainalytics’ ESG Risk Ratings, measuring a company’s exposure to ESG risk and how well the company is managing that risk. Of the more than 16,000 companies covered, Ingersoll Rand received Top Rated status for placing in the top 0.5% in the machinery industry and top 5.5% globally.
“Guided by our mission of Making Life Better, leading sustainably is central to the work we do at Ingersoll Rand,” said Vicente Reynal, chairman and chief executive officer at Ingersoll Rand. “We are proud to be recognized as an industry leader in championing innovative business practices and developing products with sustainable attributes that also benefit our environment. Receiving recognition from these prestigious organizations propels us forward in our journey to have a net-positive societal impact.”
Ingersoll Rand’s most recent Sustainability Report is available for additional reference. Its 2023 Sustainability Report will be released in mid-2024.
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