Ingersoll-Rand plc today introduced its pure-play climate company, announcing the new company name, strategy, and executive leadership team.
The climate company will be named Trane Technologies plc, aims to create efficient and sustainable solutions for buildings, homes, and transportation, and is expected to trade on the New York Stock Exchange under the ticker “TT.”
Trane Technologies plc’s focus will be on sustainable businesses that directly address climate trends and create customer value. The company says it will continue to pursue Ingersoll Rand’s previously announced 2030 sustainability targets, which include:
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