Ingersoll Rand's bold sustainability targets have seen it gonged by the World Environment Center.
The firm won the award thanks to its commitment to transform its supply chain and operations to have a restorative impact on the environment, including carbon neutral operations, zero waste to landfill and a 10% absolute reduction in energy consumption.
Ingersoll Rand, which has a product range that includes tools, air compressor systems and material handling systems, also committed to reduce its customer carbon footprint by one gigaton of Co2 (one billion metric tons) - the equivalent to the annual emissions of Italy, France and the UK combined.
The firm also promised to increase opportunity for all, bolster quality of life of its staff and those in the communities where it operates, including gender parity in leadership roles and a workforce that reflects community populations, livable market competitive wages and progressive benefits.
The bold plans, which will stretch to 2030, match the United Nations Sustainable Development goals.
Former US Secretary of Energy Ernest J. Moniz handed the World Environment Center’s 35th Annual Gold Medal for International Corporate Achievement in Sustainable Development to Michael W. Lamach, chairman and CEO of Ingersoll Rand, at a presentation Ccremony in Washington, D.C.
"I am honoured to accept the Gold Medal Award on behalf of our team around the world, who has made sustainability central to our business strategy and how we grow, operate and engage,” said Lamach. “As we look to the future of our company, sustainability is fundamental to our competitive advantage and our ability to create lasting value for our people, our customers and our shareholders. We are excited to build on our strong foundation with the launch of bold new targets to keep us on the forefront of business, social and environmental sustainability.”
Ingersoll Rand launched an Assembly Tool Controller and new Modular Precision Drills in Q4 last year.
