Trane Technologies Plc Stock Price, News & Analysis

Trane Technologies plc (NYSE:TT), a global climate innovator, has announced its upcoming third quarter 2024 earnings conference call. The call is scheduled for Wednesday, October 30, 2024, at 10 a.m. ET. The company will release its earnings report and presentation prior to the call, making them available on the Trane Technologies website. A real-time, listen-only webcast of the conference call will be accessible through the company's website at www.tranetechnologies.com in the investor relations section. For those unable to attend the live event, a replay will be available on the company's website at approximately 1 p.m. ET on the same day.

Trane Technologies (NYSE:TT), a global climate innovator, has announced a quarterly dividend of $0.84 per ordinary share, which equates to $3.36 per share annualized. The dividend is set to be paid on December 31, 2024, to shareholders of record as of December 6, 2024. This declaration continues the company's long-standing tradition of dividend payments, with consecutive quarterly cash dividends on common shares dating back to 1919 and annual dividends since 1910. The announcement demonstrates Trane Technologies' commitment to providing consistent returns to its shareholders.

Trane Technologies believes every job is a sustainability job, as demonstrated by Cal Krause's role as an embodied carbon specialist in their Center for Energy Efficiency and Sustainability (CEES). Cal, with a background in industrial engineering and environmental science, is helping shape the company's approach to reducing embodied carbon - the hidden environmental cost in creating materials and products.

Cal's work involves collaborating with suppliers and educating customers about embodied carbon reduction. Trane Technologies has committed to reducing embodied carbon by 40% by 2030. The company's strong sustainability performance is driven by its culture, which integrates sustainability into every aspect of the business. Trane Technologies is accelerating action toward its 2030 Sustainability Commitments and net-zero goals, emphasizing the importance of employee actions in making a meaningful impact.

Trane Technologies (NYSE:TT) announces that Scott Tew, Vice President of Sustainability and co-founder of the Center for Energy Efficiency & Sustainability (CEES), has been named to The Independent's inaugural Climate 100 List. This prestigious list recognizes individuals and organizations dedicated to advancing positive climate solutions across various fields.

The CEES, led by Tew, integrates sustainable practices into Trane Technologies' daily operations, supporting its brands Trane and Thermo King. The center is responsible for implementing sustainability initiatives throughout the company's operations and product development processes.

Thermo King, a Trane Technologies company (NYSE:TT), unveiled new electric refrigeration solutions at the IAA Transportation show in Hanover, Germany. The company introduced its E-Series for vans and trucks, featuring advanced connectivity for real-time monitoring and energy management. The Advancer A-500e Spectrum, powered by AxlePower, made its debut and won the International Trailer Award 2025 in the Environment category. This unit can reduce CO2 emissions by up to 12 tons per year for distribution trailers.

Thermo King also received the ETM Award for Best Brand in Transport Management Systems with ThermoKare 24/7 Fleet Monitoring. These innovations align with Trane Technologies' 2030 Sustainability Commitments and 2050 net-zero carbon emissions target, which have been validated by the Science Based Targets initiative (SBTi).

Trane Technologies has announced a commitment to reduce embodied carbon by 40% by 2030, an industry-first initiative aligned with global climate goals. This expansion of their 2030 Sustainability Commitments builds on their momentum in sourcing sustainable solutions like low-carbon steel. The company aims to address both operational and embodied carbon in buildings, which are responsible for nearly 40% of global energy-related carbon emissions.

To achieve this goal, Trane Technologies is collaborating with suppliers to reduce carbon intensity across the value chain, focusing on materials used in buildings and building equipment such as steel, aluminum, copper, and refrigerants. The company emphasizes the importance of transparency, standardized approaches, and efficient measurement of embodied carbon. This commitment aligns with their culture of sustainability and the actions taken daily to deliver on their promises.

Trane Technologies (NYSE: TT), a global climate innovator, has announced a groundbreaking commitment to reduce embodied carbon by 40% by 2030. This industry-first initiative aims to lower the carbon footprint of buildings, which currently account for 40% of global energy-related carbon emissions. The company will focus on partnering with suppliers of materials used in buildings and building equipment, including steel, aluminum, copper, and refrigerants.

This new commitment aligns with guidance from global non-profit building sector organizations and builds upon Trane Technologies' existing 2030 Sustainability Commitments. These include the Gigaton Challenge, which pledges to reduce customer greenhouse gas emissions by 1 billion metric tons within a decade. The company has also committed to becoming net-zero by 2050, with its emissions reduction targets validated by the Science Based Targets Initiative (SBTi).

Trane Technologies (TT) has partnered with Pure Harvest Smart Farms to install the UAE's first sustainable, electrified cooling and heating plant in a desert greenhouse. The project aims to support local food production and increase food security in the UAE, which currently imports 90% of its food. The solution includes:

- Trane heat pumps and centrifugal chillers using near-zero GWP R-1233zd refrigerant
- Chiller and heat pump control and optimizing systems
- Expected reduction of 8293 metric tons of carbon per year
- Lower system water usage
- Reduced food loss and transportation pollution

This high-tech greenhouse maintains a controlled environment for growing produce in extreme desert conditions, with temperatures ranging from 60°F to over 120°F. The project demonstrates the potential for sustainable agriculture in challenging environments and aligns with Trane Technologies' environmental goals.

Trane Technologies has released the latest episode of its Healthy Spaces Podcast, featuring a discussion on the importance of strategic communications in advancing sustainability initiatives. Hosted by Dominique Silva and Scott Tew, the episode includes insights from Suzanne Shelton of Shelton Group and Carrie Ruddy, Chief Communications and Marketing Officer at Trane Technologies.

The conversation highlights the role of authentic storytelling in making sustainability relatable and impactful. Key topics include addressing climate change concerns, using plain language to communicate effectively, and embedding sustainability in business strategies. The episode is available on platforms like Apple Podcasts, Spotify, and YouTube.

Listeners are encouraged to share their stories on how they are building healthy spaces in their organizations or communities. Trane Technologies emphasizes that every job is a sustainability job and aims to showcase innovative approaches to creating sustainable environments.