Trane Technologies is committed to good corporate citizenship in all of the communities in which we are located. Through the actions of our business operations and the involvement of our dedicated employees, Trane Technologies seeks to have a positive impact on these communities.
To align our global businesses and employees with a common vision for corporate citizenship, Trane Technologies has established our Foundation Council.
As a Council, we will strive to make recommendations that focus resources on areas where we believe Trane Technologies can make a difference.
We will select philanthropic partners according to criteria that include employee involvement, affinity with our business mission, demonstrated need, shared values, and financial stewardship. We will direct our support in a manner that delivers consequential and sustained benefits to, and appreciably improves the lives of, people within our communities.
We will recommend and create programs and policies that encourage our employees to actively support the communities where we live and work, and that support their personal involvement in volunteer and philanthropic activities. We will encourage leadership connectedness within our communities by advocating memberships on philanthropic boards. We will establish, support, and promote volunteer programs that encourage the involvement of all employees and recognize outstanding employee volunteer efforts.
The Council is not specifically focused on coordinating the company’s response to catastrophic events; however, the Council will work with Trane Technologies’ Enterprise Leadership Team (ELT) to ensure that the company is prepared to appropriately and rapidly deploy its resources when these events occur.
Our Foundation Council is established as an advisory board to the
ELT. The Council’s mission is to develop recommendations to guide our
strategic business units and all of our employees in the application
of company resources in support of global, regional, or local causes
of interest to our employee population or requiring special support
due to the significance of the issue and its potential impact on our
Our Council will be composed of selected members of the Strategic Business Unit Leadership Team (SBU-LT), representatives of SBU leadership teams, and other, selected Trane Technologies employees. The Director of External and Executive Communications will chair the Council.
Other designated SBU and functional members may be asked to serve on the Council to assist its efforts. Members from SBU leadership teams shall be recommended by each SBU president and/or segment executive vice president, and corporate officers shall serve as liaisons between the Council and Corporate Center. Other Council participants may be appointed at the recommendation of the Council Chair.
All Council representatives shall serve for a two-year period to provide consistency in the long-term support of our global citizenship goals. Members may be re-appointed by the Council Chair to seek continuity of Council efforts. SBU presidents will nominate a replacement from their leadership team upon the end of a representative’s service.
The Council will meet quarterly or as dictated by the volume of requests to review programs, policies, and requests; to make recommendations as appropriate to the ELT; and to conduct any business that falls within the Council’s charter.
Business Unit and Function representatives shall be responsible for establishing and maintaining a reporting mechanism within their SBUs and Functions for the purpose of collecting data and sharing information across the company and with external audiences about Trane Technologies’ global citizenship activities.
Our Foundation Council will develop a framework that will guide the company’s business units and Corporate Center in:
Selected areas of interest will be carefully evaluated and recommended by the Council based on demonstrated need and potential benefit to the communities in which we live and work.
Our Foundation Council will be called upon by the ELT to develop guidelines for sustainable support of core areas. These guidelines are to be submitted to the ELT for review and approval, and then communicated to the business units and Corporate Center locations. Selected guidelines are intended to be tools to assist each business unit in the thoughtful consideration of community support.
The Council will review all contribution requests above $10,000. Prospective contributions below $10,000 will be managed by our Foundation administrators or within the business units.
The Council shall review the annual activities of the business units
to evaluate the company’s performance against our corporate
citizenship goals and report our progress to the ELT. Additionally,
the Council will be responsible for recommending, coordinating and
leveraging the company’s global or regional citizenship programs, such
as the United Way campaign.
All employees are encouraged to support causes within the focus areas recommended by the Global Citizenship Council, as well as to recommend other areas to be considered and endorsed by the ELT in the future. In fact, the company’s support of a cause often is predicated on the involvement of Trane Technologies employees. To be selected, areas of focus should:
Individual causes or institutions within the recommended areas of focus also should:
It will be the policy of Trane Technologies to focus corporate charitable contributions on those areas recommended by our Foundation Council and approved by the ELT. The company will not support contributions to, nor will it sponsor employee involvement with, political organizations, candidates, public office holders, fraternal or labor organizations, or any cause that is inconsistent with the letter and spirit of the company’s Code of Conduct and values.
Our Foundation Council has identified areas related to economic mobility, STEM and early education experiences and access to well-being services as the focus of the company’s giving and volunteer support. Other focus areas may emerge through the ongoing review of the company’s citizenship objectives. Segment, business unit, and employee contributions to areas of focus, and suggestions for additional areas of focus, are encouraged. Guidelines and examples of giving will be developed by our Foundation Council and communicated to all employees and business units as they are developed for each focus area.
All employees are encouraged to work with the prospective organization to complete the entire grant application within the areas of focus identified by our Foundation Council, and which meet the company’s citizenship guidelines. The process to request a grant is as follows:
The council recognizes that many of our neighbors require relief due to unexpected events and hardships, or assistance to improve their living conditions. As a result, the Council has identified Community Relief as a focus area for the company’s philanthropic activities.