Trane Technologies Plc Stock Price, News & Analysis

Trane Technologies announced strong growth and sustainability achievements in its latest ESG Report, titled 'Accelerating Action for Impact.' The company has made significant strides toward its 2030 Sustainability Commitments and 2050 net-zero goals, including a 44% reduction in operational emissions, a 4% decrease in absolute energy use, and meeting 68% of global electricity demand through renewable sources. Additionally, Trane achieved gender parity on its Board of Directors and increased women in management roles to 25.2%. The report also highlighted the reduction of 157 million metric tons of carbon emissions from customer operations, significant water use reductions, and advances in workforce development programs.

Trane Technologies (NYSE: TT) has released its latest ESG report, highlighting substantial progress in sustainability and financial performance. Key achievements include reducing 157 million metric tons of customer carbon emissions and a 44% reduction in operational emissions since 2019.

The company also reported over 20% adjusted EPS growth for the third consecutive year. Notable advancements include achieving 68% renewable energy use, a 33% reduction in total water usage, and gender parity on the Board of Directors.

Trane Technologies continues to invest in sustainable innovation and culture as part of its 2030 Sustainability Commitments and 2050 net-zero goals. The company has been recognized with several prominent awards for its sustainability efforts.

Range Energy and Thermo King have collaborated to advance the commercial adoption of electric refrigerated trailers in the Americas. The partnership aims to integrate Range's electric trailer platform with Thermo King's refrigeration units to provide cleaner, safer, and more efficient solutions for the trucking industry. Through extensive testing, customer pilots, and public demonstrations, the companies are working towards accelerating the electrification of commercial trucking to meet emissions reduction goals and mandates.

Acepodia (6976:TT) released preliminary data from its Phase 1 clinical trial of ACE1831, an anti-CD20 antibody conjugated allogeneic gamma delta T cell therapy for non-Hodgkin's lymphoma. Initial results show a complete response and disease stabilization at the lowest dose level, with no serious adverse events observed. The therapy activates both innate and adaptive immune responses, potentially offering a more comprehensive immune response than standard CAR-T cell therapies.

Trane Technologies partners with the U.S. Department of Energy to advance building decarbonization through the Commercial Building Heat Pump Technology Challenge. They aim to develop cost-effective, low-emission heat pump rooftop units to reduce carbon emissions and energy costs by up to 50% compared to conventional units. The initiative focuses on creating prototypes, testing product performance, and conducting field trials to meet energy efficiency and decarbonization goals. Trane Technologies' participation highlights their commitment to sustainability and innovation in addressing climate change.

Trane Technologies (NYSE: TT) will participate in a fireside chat at the Bank of America Transportation, Airlines, and Industrials Conference on May 15, 2024, at 10:20 a.m. ET. The webcast will be available on the company's website with an archive for 30 days.

Trane Technologies reported strong first-quarter results, with revenues of $4.2 billion, up 15%, and adjusted EPS up 38%. The company raised its 2024 revenue and EPS guidance, showcasing a leading growth profile among industrials.