Trane Technologies Plc Stock Price, News & Analysis

Trane Technologies (NYSE:TT), a global climate innovator, has been recognized for workplace excellence, culture, and sustainability by TIME, PEOPLE, and Fortune. The company secured spots on TIME's World's Best Companies list, PEOPLE's Companies That Care list, and ranked 5th on Fortune's Best Workplaces in Manufacturing and Production.

CEO Dave Regnery expressed pride in fostering a culture that values innovation, growth, and prioritizes employee well-being and environmental sustainability. Trane Technologies has also been recognized by Fast Company, the Disability Equality Index, and 50/50 Women on Boards, among others.

The company is advancing its 2030 Sustainability Commitments, including the Gigaton Challenge, and was the first in its industry to receive validation from the Science Based Targets Initiative for its emissions reduction targets. Trane Technologies is also committed to uplifting communities through inclusive approaches and focus on education and career development.

Mairéad Magner, Chief Human Resources Officer at Trane Technologies (TT), discusses how the company's culture of impact drives growth for employees, the company, and communities. TT's purpose, 'to boldly challenge what's possible for a sustainable world', is embedded in employee performance objectives. The company's Employee Resource Groups have expanded globally, adding 800 new members in 2023. TT launched 98 new products in 2023, advancing their Gigaton Challenge to reduce customer emissions. The company is also expanding hiring practices by removing degree requirements for certain roles and launching the Trane Technician Apprenticeship Program to address the skilled labor gap.

The latest episode of the Healthy Spaces Podcast features Emilio Tenuta, Chief Sustainability Officer at Ecolab, discussing the important role of water stewardship in corporate sustainability strategies. Hosted by Dominique Silva and Scott Tew from Trane Technologies, the conversation highlights how climate change impacts water resources and the importance of integrating water management into climate action plans. Tenuta emphasizes the need for industries to collaborate on innovative solutions, citing initiatives like the Water Resilience Coalition and California Water Resilience Initiative. Ecolab's 2023 Watermark Study reveals consumer concerns over water scarcity and holds businesses accountable for water conservation. The episode underscores the necessity of public-private partnerships to address global water challenges.

Acepodia (6976:TT) has entered a strategic clinical collaboration with Pfizer Ignite to accelerate the development of its Antibody-Cell Conjugation (ACC) platform for autoimmune diseases. This partnership will provide Acepodia with access to Pfizer's resources, expertise, and strategic guidance throughout the drug development process. Acepodia's ACC platform, based on Nobel laureate Dr. Carolyn Bertozzi's work, offers an off-the-shelf, non-genetically engineered alternative to CAR-T cell therapy with improved scalability and reduced side effects.

The collaboration will also support Acepodia's ongoing clinical programs, including ACE1831 for non-Hodgkin's lymphoma and ACE2016 for solid tumors. ACE1831 has shown promising results in early clinical trials. This partnership aims to address significant unmet needs in autoimmune diseases while leveraging the potential of cell therapies without the limitations of current CAR-T treatments.

Trane Technologies (NYSE: TT), a global climate innovator, has announced its participation in the Morgan Stanley Laguna Conference. Company leadership will engage in a fireside chat on Thursday, September 12, 2024, at 11:05 a.m. PDT. Investors and interested parties can access the live webcast through the Trane Technologies website under the investor relations section. For those unable to attend the live event, an archive of the webcast will be available for 30 days following the conference. This presentation offers an opportunity for stakeholders to gain insights into Trane Technologies' strategies and market positioning.

The latest episode of the Healthy Spaces podcast, hosted by Dominique Silva from Trane Technologies, features a discussion with Deidra Parrish Williams, Global Corporate Citizenship Leader at Trane Technologies; Alyssa Sharpe, CEO of DigiBridge; and Courtney Clague, a science teacher from Texas. The episode titled 'Sustainable Futures' emphasizes the importance of corporate citizenship and innovative education in fostering the next generation of climate innovators. The guests discuss initiatives like the Sustainable Futures platform, which provides immersive educational experiences, and various community partnerships that support sustainability education. They highlight the role of hands-on, engaging teaching methods in making sustainability and STEM education impactful for students. The episode is available on major podcast platforms like Apple Podcasts, Spotify, and YouTube.

Trane Technologies (NYSE:TT), a global climate innovator, has announced a partnership with the Carolina Ascent Football Club, one of the eight inaugural franchises of the United Soccer League's Super League. As part of this collaboration, Trane Technologies will be the presenting partner of the Carolina Ascent Women's Leadership Speaker Series, aimed at inspiring and developing female leaders in the Charlotte area.

The partnership includes Trane Technologies hosting executive panels to share career insights with students and young professionals. Additionally, the company's logo will feature on the Carolina Ascent away jersey sleeve, and they will sponsor a 'Science of Soccer' feature for match scoreboard and social media content. This marks Trane Technologies' first partnership with a women's professional sports organization.

In the latest episode of the Healthy Spaces Podcast, Trane Technologies explores how innovative climate tech can reduce food waste and carbon emissions in the cold chain. Hosted by Dominique Silva, the episode features Claudio Zanframundo, President of Thermo King EMEA, and Renier Du Preez, CEO of Digistics. They discuss the development of kinetic energy recovery systems and other technologies improving cold chain efficiency. Highlights include: 10% of global CO2 emissions stem from food loss, much of which occurs during transport; new solutions like axle power systems and digital tracking are helping decarbonize the transport sector. Listen to the full episode on Apple Podcasts, Spotify, YouTube, and Amazon Music to learn more about building a sustainable cold chain from farm to fork.

Trane Charlotte, a Commercial HVAC manufacturing facility and Rental Service office, has achieved a remarkable safety milestone of 3,000,000 work hours (approximately ten years) without a lost day due to work-related injury or illness. This achievement, celebrated on May 21, 2024, highlights the plant's commitment to employee safety and well-being.

The facility, which has been operational for 50 years and employs about 125 people, received recognition from North Carolina Senator Thom Tillis and Congresswoman Alma Adams. Trane Charlotte has also demonstrated environmental responsibility by achieving zero waste to landfill in 2021 and upgrading its HVAC and lighting systems to reduce energy consumption.

The plant specializes in manufacturing compressors and motors for commercial customers with complex needs, while Trane Rental Services provides scalable cooling, heating, and power solutions for unique applications and special events.