Ingersoll-Rand to Invest $500 Million to Reduce GHGs

Ingersoll-Rand to Invest $500 Million to Reduce GHGs
NEW YORK—Ingersoll Rand plans to halve its greenhouse gas emissions by 2020, according to an announcement made during the recent 2014 CGI Annual Meeting and United Nations Climate Summit. The company also said it will invest $500 million in product-related research and development over the next five years to fund the long-term reduction of greenhouse gas emissions. In addition, the company said it will reduce the greenhouse gas footprint of the company’s office buildings, manufacturing facilities and fleet by 35% by 2020. The company said its “Commitment to Action” will avoid the same amount of CO₂ emissions that can result from powering nearly 2 million homes for one year.