Climate Change Data

Ingersoll Rand Inc.

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:101,634 tCO2e/year (Scopes 1 & 2)
Scope 1 Emissions:44,126 tCO2e/year
Scope 2 Emissions:58,414 tCO2e/year
Scope 3 Emissions:218,554,078 tCO2e/year
Renewable Energy Share:10% of total energy use (2023)
Total Energy Consumption:295,345 MWh/year (non-renewable)
Water Consumption:0.369 million cubic meters/year
Waste Generated:5,682 tons/year (disposed)
Carbon Intensity:Reduction of 12.8 metric tons CO2e/revenue in millions USD (2023)

ESG Focus Areas

  • Climate Change
  • Water Stewardship
  • Waste Reduction
  • Diversity, Equity, and Inclusion
  • Employee Safety
  • Ethical Business Practices
  • Supply Chain Sustainability
  • Biodiversity

Environmental Achievements

  • Achieved 2030 water reduction goal seven years early (34% absolute water use reduction)
  • Reduced absolute annual GHG emissions by 15.3% (25% of 2030 goal)
  • Increased sites with zero waste to landfill by 37% (73% of 2030 goal)
  • Increased renewable energy consumption by a significant amount (from 1,455 MWh in 2020 to 31,370 MWh in 2023)

Social Achievements

  • Granted equity to over 1,800 employees through Ownership Works program, bringing total equity grants to over $980 million
  • Improved employee engagement scores across multiple metrics, including belonging, growth, and equal opportunity
  • 73% better Total Recordable Incident Rate (TRIR) than the industrial machinery manufacturing average
  • Zero product safety claims and recalls in 2023
  • Increased female representation in global leadership to 20.1%
  • Increased URT representation in the U.S. workforce to 12.9%

Governance Achievements

  • Implemented a robust Enterprise Risk Management (ERM) framework aligned with COSO and ISSB/TCFD
  • Established a comprehensive Code of Conduct with 100% employee and supplier acknowledgement and training
  • Conducted a double materiality assessment to identify key ESG issues
  • Maintained a strong commitment to anti-bribery and corruption compliance

Climate Goals & Targets

Long-term Goals:
  • Achieve net-zero GHG emissions by 2050
  • Power all operations with 100% renewable energy by 2050
  • Help customers reduce or avoid 1 billion metric tons of CO2e by 2040
Medium-term Goals:
  • Reduce GHG emissions by 60% by 2030
  • Achieve 64% intensity reduction goal for Scope 3 Category 11 by 2034
  • Generate >25% of revenue from high-growth, sustainable end markets by 2025
Short-term Goals:
  • Reduce water consumption by 2.5-2% annually in extremely high and high-risk water-stressed sites by 2030
  • Increase female representation in global leadership to 21.6% by 2025
  • Increase URT representation in U.S. leadership to 15% by 2025

Environmental Challenges

  • Supply chain disruptions
  • Climate change related physical risks (flooding, extreme heat)
  • Transition risks (carbon pricing, regulatory changes)
  • Integrating sustainability into operations quickly enough to meet stakeholder expectations
  • Developing new products and technologies to maintain competitiveness
Mitigation Strategies
  • In-region/for-region sourcing strategy
  • Site-specific resilience assessments and mitigation plans
  • Investment in R&D for energy-efficient technologies
  • Transparent public reporting and sustainability maturity plan
  • Robust Innovate to Value (i2V) program
  • Business continuity plans to address various climate scenarios

Supply Chain Management

Supplier Audits: 1,218 significant Tier 1 suppliers assessed (2023)

Responsible Procurement
  • Supplier Code of Conduct
  • IntegrityNext platform for ESG risk assessment
  • Air and Sustainability Audits for top suppliers

Climate-Related Risks & Opportunities

Physical Risks
  • Coastal inundation
  • Riverine flooding
  • Surface water flooding
  • Extreme heat
  • Extreme wind
  • Forest fire
  • Soil subsidence
  • Freeze thaw
Transition Risks
  • Carbon pricing
  • Regulations around equipment efficiency
  • Supply chain disruptions
Opportunities
  • Energy-efficient equipment
  • Sustainable end markets
  • Clean energy-related products
  • Remanufacturing

Reporting Standards

Frameworks Used: GRI, SASB, ISSB/TCFD, UNGC

Certifications: ISO 9001, ISO 14001, ISO 45001, ISO 50001

Third-party Assurance: ERM CVS

UN Sustainable Development Goals

  • Goal 7 (Affordable and Clean Energy)
  • Goal 9 (Industry, Innovation, and Infrastructure)
  • Goal 12 (Responsible Consumption and Production)
  • Goal 13 (Climate Action)
  • Goal 8 (Decent Work and Economic Growth)
  • Goal 10 (Reduced Inequalities)
  • Goal 6 (Clean Water and Sanitation)

Ingersoll Rand's initiatives contribute to these goals through various programs and operations as detailed throughout the report.

Sustainable Products & Innovation

  • Energy-efficient compressors and blowers
  • Cordless power tools
  • Remanufactured pumps
  • Refrigerated dryers with low-GWP refrigerants
  • Ecoplant AI-driven system optimization

Awards & Recognition

  • Dow Jones Sustainability World Index and Dow Jones Sustainability Index for North America
  • CDP 'A List' for climate change
  • CDP Supplier Engagement Rating Leaderboard
  • Great Place to Work certifications
  • Brandon Hall Group Silver award
  • Employer Excellence of China award