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Trane Technologies PLC
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) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
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aVerified Sources Behind Trane Technologies’s Greenhouse Gas (GHG) Emissions Data
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Insights into Trane Technologies's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofTrane Technologies amounted to321,796metric 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).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Trane Technologiesincreased by 1.29%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
Trane Technologies's Scope 1 Emissions Over Time
- 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).a
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.a
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.a
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.a
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.a
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.a
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.a
Trane Technologies's Scope 2 Emissions Over Time
- 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.a
The 2024 disclosure of Trane Technologies includes a breakdown across 2of 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.a
Trane Technologies's Scope 3 Emissions Over Time
- 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).a
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.a
Has Trane Technologies reduced its Scope 3 emissions over time?
Since 2019, Trane Technologies's Scope 3 emissionshave decreased by 35.5%, reflecting a declining long-term trend in Scope 3 emissions over time.a
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.a
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.a
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:a
- 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
Insights into Trane Technologies’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Trane Technologies reported Scope 1 greenhouse gas (GHG) emissions of 204,962 tCOâ‚‚e and total revenues of USD 19,838 millions. This translates into an emissions intensity of 10.33 tCOâ‚‚e per millions USD.a
Trane Technologies's Scope 1 Emissions Intensity Compared to Peers
How does Trane Technologies's GHG emissions intensity compare to its peers?
In 2024, Trane Technologies reported a Scope 1 emissions intensity of 10.33 tCOâ‚‚e per millions USD. Compared to the peer group median of 15.02, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
Where does Trane Technologies rank on GHG emissions intensity within its industry?
In 2024, Trane Technologies ranked 12 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
Trane Technologies is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
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.a
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%.a