Trane Technologies PLC

Common Name
Trane Technologies
Country
Ireland
Sector
Industrials
Industry
Building Products & Equipment
Employees
45,000
Ticker
TT
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Trane Technologies plc is a global industrial company focused on sustainability and innovation in climate solutions. Primarily known for its HVAC (heating, ventilation, and air conditioning) systems, ...

Trane Technologies's GHG Emissions Data Preview

In 2024, Trane Technologies completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy), and Scope 3 (indirect emissions across the value chain).

Trane Technologies has also provided a category-level breakdown for 3 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Trane Technologies's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Trane Technologies amounted to 321,796 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).

Compared to 2023, the total operational greenhouse gas (GHG) emissions of Trane Technologies increased by 1.29%, suggesting that the company faced challenges in reducing its emissions from its core operations.

Trane Technologies's Scope 1 Emissions Over Time

201920202021202220232024080 k160 k240 k320 ktCO2e-11%-6%-9%-15%0%
  • Total Scope 1
  • Year-over-Year Change

What are Trane Technologies's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Trane Technologies were 204,962 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has Trane Technologies reduced its Scope 1 emissions over time?

Since 2019, Trane Technologies's Scope 1 emissions have decreased by 35.8%, reflecting a declining long-term trend in Scope 1 emissions over time.

Compared to the previous year (2023), Trane Technologies's Scope 1 emissions remained relatively stable, indicating that Trane Technologies's emissions have plateaued with no significant change in its operational footprint.

What are Trane Technologies's Scope 2 emissions?

In 2024, Trane Technologies reported Scope 2 greenhouse gas (GHG) emissions of 134,670 tCOâ‚‚e using the market-based method, and 116,834 tCOâ‚‚e using the location-based method.

Has Trane Technologies reduced its Scope 2 emissions over time?

Since 2019, Trane Technologies's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 26.47%, reflecting a declining long-term trend in Scope 2 emissions over time.

Compared to the previous year (2023), Trane Technologies's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Trane Technologies 's emissions have plateaued with no significant change in its energy consumption footprint.

What methodology does Trane Technologies use for Scope 2 reporting?

In 2024, Trane Technologies reported its Scope 2 emissions using the market-based method and using the location-based method.

Trane Technologies's Scope 2 Emissions Over Time

201920202021202220232024040 k80 k120 k160 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Trane Technologies's Value Chain Emissions

In 2024, Trane Technologies reported 238,000,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2024 disclosure of Trane Technologies includes a breakdown across 2 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.

Trane Technologies's Scope 3 Emissions Over Time

201920202021202220232024095 M190 M285 M380 MtCO2e-10%+11%-16%-12%-12%
  • Total Scope 3
  • Year-over-Year Change

What are Trane Technologies's Scope 3 emissions?

In 2024, Trane Technologies reported total Scope 3 emissions of 238,000,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Approximately 1.68% of these emissions originated from upstream activities such as purchased goods and capital goods, while 98.32% came from downstream activities like product use, distribution, and end-of-life treatment.

Has Trane Technologies reduced its Scope 3 emissions over time?

Since 2019, Trane Technologies's Scope 3 emissions have decreased by 35.5%, reflecting a declining long-term trend in Scope 3 emissions over time.

Compared to the previous year (2023), Trane Technologies's Scope 3 emissions decreased by 12.18%, highlighting the company's efforts to lower indirect emissions from its value chain.

What categories of Scope 3 emissions does Trane Technologies disclose?

In 2024, Trane Technologies reported emissions for 2 out of the 15 Scope 3 categories defined by the GHG Protocol.

The limited disclosure restricts visibility into specific emission sources across the company's value chain.

What are the main sources of Trane Technologies's Scope 3 emissions?

In 2024, the largest contributors to Trane Technologies's Scope 3 emissions were:

  • Use of Sold Products (Cat. 11): 234,000,000 tCOâ‚‚e (98.32%)
  • Purchased Goods and Services (Cat. 1): 4,000,000 tCOâ‚‚e (1.68%)

Trane Technologies's Scope 3 Emissions by Categories

Use of Sold Products(Cat. 11)(98.3%)Purchased Goods andServices (Cat. 1)(1.7%)

Insights into Trane Technologies's Total Carbon Footprint

In 2024, Trane Technologies reported a total carbon footprint of 238,321,796 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 12.16% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.

The largest contributor to Trane Technologies's total carbon footprint was Scope 3 emissions, accounting for 99.86% of the company's total carbon footprint, followed by Scope 1 emissions at 0.09%.

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