We align our environmental, social and governance (ESG) practices with our purpose and strive to set the high standard in our industry and beyond.
Through a comprehensive governance framework, we manage our environmental, social and governance strategy, monitor our performance and hold ourselves accountable. Everyone, from our Board of Directors to individual team members and supply chain partners, plays a critical role in our responsible business operations.
Our Board of Directors prioritizes ESG leadership as integral to our business strategy. With their strong oversight and strategic direction, we set ambitious targets, manage actions and make a lasting positive impact.
Our governance practices mitigate risks and generate value within our value chain through robust employee training, comprehensive policies and adherence to regulations in our operations.
Conducting a formal materiality process helps us understand the most salient ESG topics to our business and stakeholders. In 2022, we conducted a materiality assessment and updated our topics to identify those most material to our company and inform our ongoing ESG strategies.
See our materiality assessment methodology and materiality matrix on our website.
To prepare for the upcoming reporting requirements associated with the Corporate Sustainability Reporting Directive (CSRD), Trane Technologies will complete its inaugural double materiality assessment in fiscal year 2024. The assessment aligns with the requirements established by the European Sustainability Reporting Standards (ESRS) that require companies to evaluate material topics from both an inside-out (impact) and outside-in (financial) perspective.
100%
of salaried team members completed Code of Conduct training in 2023
100%
of salaried team members completed anti-harassment training in 2023
50%
of directors on our Board are women
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