Ingersoll Rand Publishes 2021 Sustainability Report
Driving Environmental, Social and Governance leadership as a competitive growth advantage
DAVIDSON, N.C.–(BUSINESS WIRE)–Ingersoll Rand Inc. (NYSE:IR) published the company’s 2021 Global Sustainability Report this week, detailing how the company advances customers’ sustainability goals with innovative products and services, meets the demands of high-growth sustainable end markets through new product innovation and focuses on sustainability improvements in its own operations.
The report also showcases how Ingersoll Rand’s Operate Sustainably strategic imperative, which is one of its five strategic imperatives along with Deploy Talent, Accelerate Growth, Expand Margins and Allocate Capital Effectively, is interwoven through all of its other strategies.
Highlights from the Sustainability Report include the company’s successes in:
- Delivering products and services that offer sustainability benefits such as efficiency, circularity and safety and that serve high growth, sustainable end markets, including renewable energy, water and wastewater, food and beverage, and life and sciences.
- Achieving significant energy and GHG reductions in its own operations through the rigor and discipline of Ingersoll Rand Execution Excellence (IRX).
- Investing in employees through its new “Ownership Works” program, a one-time equity grant for new employees after they join the company; the program builds on the company’s prior $250 million all-employee equity grants.1
- Continuing its unwavering commitment to diversity, equity and inclusion (DE&I) to achieve its ambitious goals in the areas of representation, advancement and experience.
- Implementing governance best practices including the formation of a new Sustainability Committee of its Board of Directors and development of a robust award-winning ethics and compliance program.
“Ingersoll Rand leads by example to help Make Life Better for our employees, customers, stockholders, communities and planet,” said Vicente Reynal, chairman and CEO, Ingersoll Rand. “We have an opportunity to help our customers reduce their GHG emissions and consumption of water and materials through our sustainable products and services. In addition, our portfolio of products and services has become more strategically focused on serving high-growth, sustainable end markets. We also have a responsibility to continue to drive energy, water and waste reduction in our own operations as we progress toward our 2050 goal of net zero, and remain committed to making progress on our critically important DE&I goals.”
Ingersoll Rand plans to host an investor conference call during the third quarter to more thoroughly discuss its Sustainability Report and progress. Details regarding the date and timing of this call will be announced in the future.
Ingersoll Rand’s 2021 Sustainability Report has been prepared in accordance with the Global Reporting Initiative (GRI) Sustainability Reporting Standards and is aligned with the Sustainable Accounting Standards Board (SASB) requirements, Task Force for Climate Related Financial Disclosures (TCFD) and the U.N. Global Compact framework.
Download and view the full report here.
About Ingersoll Rand Inc.
Ingersoll Rand Inc. (NYSE:IR), driven by an entrepreneurial spirit and ownership mindset, is dedicated to helping make life better for our employees, customers and communities. Customers lean on us for our technology-driven excellence in mission-critical flow creation and industrial solutions across 40+ respected brands where our products and services excel in the most complex and harsh conditions. Our employees develop customers for life through their daily commitment to expertise, productivity and efficiency. For more information, visit www.IRCO.com.
1Employees must be full time and have one year of service to be eligible. Not available to employees where prohibited by local law or regulation or where such grant is required to be bargained for with an employee union unless such grant is agreed to as part of such bargaining.
Contacts
Media:
Misty Zelent
mzelent@irco.com
Investor Relations:
Matthew Fort
matthew.fort@irco.com
