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Trane Technologies (NYSE: TT), a global climate innovator, announced today that it has revised its executive and senior leader incentive plan to link directly to Environmental, Social and Governance (ESG) metrics that align with the company s bold 2030 Sustainability Commitments.
The company s revised annual incentive plan, which starts this year, holds top executives and approximately 2,300 company leaders accountable for meeting the company s ambitious social and environmental sustainability goals. In addition to tying leaders annual cash incentives to ESG metrics, all salaried employee performance plans now must include at least one goal tied to the company s 2030 sustainability commitments. We are leading with a bold purpose to challenge what s possible for a sustainable world, and have embedded leading environmental, social and governance practices into our strategy and operations, said Mike Lamach, Trane Technologies chairman and CEO. Solving major global challenge
Public Sector Entities to Benefit from the CCREEE Project Preparation Facility
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Last November, the Caribbean Centre for Renewable Energy and Energy Efficiency (CCREEE) launched the private sector stream of the Project Preparation Facility (PPF) and today, the Centre kicked off the public sector stream with a roundtable discussion.
Several high-level participants with focal areas ranging from energy and finance to climate resilience and youth spoke under the theme, The Energy and Climate Nexus: Meeting Targets and Goals through Project Development. Among these was Barbados’ Energy Permanent Secretary and Chairperson of the CCREEE Executive Board, Mrs Francine Blackman, who in responding to a question from the moderator noted that “for us in Barbados, the 2008 oil crisis and a deteriorating fiscal position with close to 800 million spent annually to purchase oil, the government made a decision to use more of the natural resources around us.”
Now is the time to fight against climate change What is city talk?
Anne Adrain is Head of Sustainability and Reporting at ICAS and represents ICAS on a number of global sustainability forums.
2021 is being billed as a pivotal moment in terms of our fight against climate change, with the global climate change conference, COP 26, due to take place in Glasgow in November of this year.
At the moment, there is some uncertainty around the format of the conference, and it is likely that it may take the form of a hybrid event with some physical activities in Glasgow, coupled with additional virtual activities. Regardless of the format, it is the substance of what COP 26 achieves that really matters and that will determine its success. Worryingly, it has to be highlighted that, despite all the initiatives and activity in the last 30 years, global emissions are still increasing.
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Trane Technologies (NYSE: TT), a global climate innovator, announced today that it has revised its executive and senior leader incentive plan to link directly to Environmental, Social and Governance (ESG) metrics that align with the company’s bold 2030 Sustainability Commitments.
The company’s revised annual incentive plan, which starts this year, holds top executives and approximately 2,300 company leaders accountable for meeting the company’s ambitious social and environmental sustainability goals. In addition to tying leaders’ annual cash incentives to ESG metrics, all salaried employee performance plans now must include at least one goal tied to the company’s 2030 sustainability commitments.
(CCREEE), Press Release
4 May, 2021|Bridgetown, Barbados – Last November, the Caribbean Centre for Renewable Energy and Energy Efficiency (CCREEE) launched the private sector stream of the Project Preparation Facility (PPF) and today, the Centre kicked-off the public sector stream with a roundtable discussion.
Several high-level participants with focal areas ranging from energy and finance, to climate resilience and youth spoke under the theme, The Energy and Climate Nexus: Meeting Targets and Goals through Project Development. Among these was Barbados’ Energy Permanent Secretary and Chairperson of the CCREEE Executive Board, Mrs Francine Blackman, who in responding to a question from the moderator noted that, “for us in Barbados, the 2008 oil crisis and a deteriorating fiscal position with close to 800 mil spent annually to purchase oil, the government made a decision to use more of the natural resources around us.”