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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
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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.
Trane Technologies plc (NYSE:TT), released its 2020 Environmental, Social and Governance (ESG) Report,
Bold Action for a Sustainable Future, which highlights the company’s major sustainability achievements and contributions towards its ambitious science-based emission-reduction targets. During its first year operating as a global climate innovator, the company significantly reduced carbon emissions from its customers’ carbon footprints, aided pandemic recovery efforts through its expertise in indoor environmental quality and cold chain solutions, and advanced industry-leading diversity & inclusion efforts.
“2020 was an extraordinary year during which we launched our new company, built resilience through a global pandemic, and met or exceeded our sustainability goals,” said Mike Lamach, chairman and CEO for Trane Technologies. “We have put a stake in the ground with aggressive 2030 commitments, including our Gigaton Challenge, which commits to eliminating one gigaton of
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