Ingersoll Rand Scores Big: Execution of Industry-Leading Sustainability Strategy Drives Results

Published 10 months ago via Business Wire
  • Named to “A List” by global environmental nonprofit CDP (formally known as the Carbon Disclosure Project), putting the company among the top 1.7% of companies rated by the agency
  • Ranked #1 globally within the Machinery and Electrical Equipment industry with a top 1% score on the 2023 S&P Global Corporate Sustainability Assessment and inclusion on the Dow Jones Sustainability Indices (DJSI) for the second year in a row
  • Top Rated status from Morningstar Sustainalytics, a global leader in ESG research and data that provides ESG ratings for investors and corporations, for placing within the top 0.5% in machinery industry and top 5.5% globally

Ingersoll Rand Inc. (NYSE: IR), a global provider of mission-critical flow creation and industrial solutions, has been recognized as a leader in sustainability with top rankings from CDP, the Dow Jones Sustainability Indices (DJSI), and Morningstar Sustainalytics.

Earlier this week, Ingersoll Rand 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).

Lastly, 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.

These high-scoring ratings reflect the company’s longstanding commitment to sustainability in not only its own operations but also as a driver of growth through supporting its customers with efficient products and services that help them achieve their sustainability goals and targeting high-growth, sustainable end markets with new and existing products.

“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. Our 2023 Sustainability Report will be released in mid-2024.

Forward-Looking Statements

This news release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements related to Ingersoll Rand Inc.’s (the “Company” or “Ingersoll Rand”) expectations regarding the performance of its business, its financial results, its liquidity and capital resources and other non-historical statements. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “forecast,” “outlook,” “target,” “endeavor,” “seek,” “predict,” “intend,” “strategy,” “plan,” “may,” “could,” “should,” “will,” “would,” “will be,” “on track to” “will continue,” “will likely result,” “guidance” or the negative thereof or variations thereon or similar terminology generally intended to identify forward-looking statements. All statements other than historical facts are forward-looking statements.

These forward-looking statements are based on Ingersoll Rand’s current expectations and are subject to risks and uncertainties, which may cause actual results to differ materially from these current expectations. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. The inclusion of such statements should not be regarded as a representation that such plans, estimates or expectations will be achieved. Important factors that could cause actual results to differ materially from such plans, estimates or expectations include, among others, (1) adverse impact on our operations and financial performance due to natural disaster, catastrophe, global pandemics (including COVID-19), geopolitical tensions, cyber events or other events outside of our control; (2) unexpected costs, charges or expenses resulting from completed and proposed business combinations; (3) uncertainty of the expected financial performance of the Company; (4) failure to realize the anticipated benefits of completed and proposed business combinations; (5) the ability of the Company to implement its business strategy; (6) difficulties and delays in achieving revenue and cost synergies; (7) inability of the Company to retain and hire key personnel; (8) evolving legal, regulatory and tax regimes; (9) changes in general economic and/or industry specific conditions; (10) actions by third parties, including government agencies; and (11) other risk factors detailed in Ingersoll Rand’s most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”), as such factors may be updated from time to time in its periodic filings with the SEC, which are available on the SEC’s website at http://www.sec.gov. The foregoing list of important factors is not exclusive.

Any forward-looking statements speak only as of the date of this release. Ingersoll Rand undertakes no obligation to update any forward-looking statements, whether as a result of new information or development, future events or otherwise, except as required by law. Readers are cautioned not to place undue reliance on any of these forward-looking statements.

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.

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