GRI 2: General Disclosures 2022
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Disclosure #
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GRI Disclosure Title
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2022 Direct Response or Location
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1. The organization and its reporting practices
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2-1
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Organizational details
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Trane Technologies
170/175 Lakeview Drive
Airside Business Park
Swords, Co. Dublin, Ireland
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2-2
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Entities included in the organization’s sustainability reporting
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2-3
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Reporting period, frequency and contact point
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Reporting period: 1 January 2022 - 31 December 2022
Reporting frequency: Annua
Date of report publication: 26 April 2023
Point of contact: Carrie Ruddy
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2-4
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Restatements of information
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2-5
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External assurance
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Our environmental, health & safety and GHG data are assured annually by an independent third party.
The assurance process is led by the Vice President, Environmental, Health and Safety Operations who reports to Senior Vice President, Global Operations and Integrated Supply Chain
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2. Activities and workers
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2-6
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Activities, value chain and other business relationships
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During the reporting year, there were no major changes within our supply chain.
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2-7
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Employees
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Our workforce breakdown includes the total number of full-time and hourly employees by region and gender. We employ contractors but do not currently track the region and gender breakdown of the contractor workforce. We did not experience significant fluctuations in our workforce during the reporting period.
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2-8
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Workers who are not employees
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3. Governance
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2-9
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Governance structure and composition
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2-10
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Nomination and selection of the highest governance body
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2-11
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Chair of the highest governance body
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2-12
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Role of the highest governance body in overseeing the management of impacts
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2-13
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Delegation of responsibility for managing impacts
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2-14
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Role of the highest governance body in sustainability reporting
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2-15
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Conflicts of interest
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The company's Conflicts of Interest Policy requires employees to disclose actual or potential conflicts of interest in a variety of categories, which generally capture the four categories of conflicts defined by GRI 2-16-b. Each disclosure is reviewed by the company's Ethics and Compliance Group and disclosed to the employee's manager. Conflict disclosures are escalated within the company, including the Board of Directors, as necessary to effectively eliminate or mitigate the conflict.
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2-16
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Communication of critical concerns
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The company's Vice President and Deputy General Counsel, Global Ethics and Compliance reports six times a year on critical concerns to the company's Global Business Integrity Council (GBIC) and to the Audit Committee of the Board of Directors at each Board meeting. The GBIC brings executive focus and expertise to drive consistent implementation of risk-based compliance solutions to prevent, detect, and remediate misconduct and promote an ethical culture. The GBIC is chaired by the CEO and co-owned by the General Counsel and the Vice President – Global Ethics and Compliance, who acts as the company’s chief compliance officer. Other members of the Council include the President and Chief Operating Officer, Chief Financial Officer, Executive Vice President, Human Resources, and the Vice President, Audit Services. As defined in its charter, the Council executes the company’s global ethics and compliance program and supervises subordinate regional compliance committees. If necessary, the Vice President and Deputy General Counsel, Global Ethics and Compliance has access to the Chair of the Audit Committee to escalate any particular concern immediately. Several times during the year, the Vice President and Deputy General Counsel, Global Ethics and Compliance have executive sessions with the audit committee, without management present, to review potential escalations.
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2-17
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Collective knowledge of the highest governance body
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2-18
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Evaluation of the performance of the highest governance body
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2-19
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Remuneration policies
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2-20
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Process to determine remuneration
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2-21
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Annual total compensation ratio
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4. Strategies, policies, and practices
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2-22
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Statement on sustainable development strategy
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2-23
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Policy commitments
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Our environmental, health and safety, and ethical operations policies are described throughout our ESG report. Links, applicable activities, and communication processess are described in the relevant section.
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2-24
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Embedding policy commitments
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2-25
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Processes to remediate negative impacts
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2-26
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Mechanisms for seeking advice and raising concerns
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2-27
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Compliance with laws and regulations
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Trane Technologies operates with integrity and expects all employees and business partners to uphold the same ethical standards. The number of Instances of non-compliance and the monetary value of fines for instances of non-compliance are considered confidential.
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2-28
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Membership associations
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5. Stakeholder Engagement
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2-29
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Approach to stakeholder engagement
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2-30
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Collective bargaining agreements
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17.7% of global workforce covered by collective bargaining agreements.
Trane Technologies determines working conditions and terms of employment on a regional, country, and industry specific basis.
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GRI 3: Material Topics 2022
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Disclosure #
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GRI Disclosure Title
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2022 Direct Response or Location
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3-1
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Process to determine material topics
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3-2
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List of material topics
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Business Integrity | GRI 205: Anti-Corruption 2016
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3-3
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Management of material topics
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Business Integrity
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205-2
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Communication and training about anti-corruption policies and procedures
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Business Integrity
Our anti-corruption policy is communicated to 100% of employees, including our Board of Directors, through our Code of Conduct and to 100% our business partners through the Business Partner Code of Conduct. All salaried employees, including the Board of Directors, must complete anti-corruption training upon hire and every two or three years based on a risk analysis of their function at the company.
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Climate Risk | GRI 201: Economic Performance 2016
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3-3
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Management of material topics
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Climate Change
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201-2
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Financial implications and other risks and opportunities due to climate change
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Climate Change
Climate Risk
TCFD Index
CDP Climate Change
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Company Culture | GRI 401: Employment 2016
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3-3
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Evaluation of management approach
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Company Culture
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401-1
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New employee hires and employee turnover
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Company Culture
ESG Data Center
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401-2
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Benefits provided to full-time employees that are not provided to temporary or part-time employees
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Company Culture
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401-3
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Parental Leave
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Company Culture
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Diversity & Inclusion | GRI 405: Diversity & Equal Opportunity 2016
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3-3
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Explanation of the material topic and its boundaries
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People: Diversity & Inclusion
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405-1
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Diversity of governance body and employees
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People: Diversity & Inclusion
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GHG Emissions | GRI 305: Emissions 2016
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3-3
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Management of material topics
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GHG Emissions
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305-1
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Energy direct (Scope 1) GHG emissions
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GHG Emissions
Gases included in the calculation: CO2, CH4, N2O, HFCs
Base year for the calculation: 2019
Source of emissions factors and the GWP rates used: IPCC AR5 – Climate Change 2013; EPA Climate Leaders, Emission Factors for Greenhouse Gas Inventories, March 9, 2018; 2017 Climate Registry Default Emissions Factors Report, Table B.2, March 15, 2017.
Consolidated approach for emissions: Financial control
Standards, methodologies, assumptions and/or calculation tools used: World Resources Institute, The Greenhouse Gas Protocol (Data & Report)
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305-2
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Energy indirect (Scope 2) GHG emissions
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GHG Emissions
Gases included in the calculation: CO2, CH4, N2O, HFCs and small quantities of HCFCs (e.g. R22)
Base year for the calculation: 2019
Source of emissions factors and the GWP rates used: USA location factors: 2020 eGRID, eGRID2020-data.xlsx, January 27, 2022
Other locations: International Energy Agency, IEA (2021), Emission Factors
Consolidated approach for emissions: Financial control
Standards, methodologies, assumptions and/or calculation tools used: World Resources Institute, The Greenhouse Gas Protocol
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305-3
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Other indirect (Scope 3) GHG emissions
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GHG Emissions
Gases included in Scope 3 calculations: All
Data sources and calculation methodologies vary based on the most relevant Scope 3 cateogry calculated.
Base year: 2019
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305-4
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GHG emissions intensity
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GHG Emissions
Organization-specific metric (the denominator): Million USD
Types of GHG emissions included in the intensity ratio: Scope 1 and market-based Scope 2
Gases included in the calculation: CO2, CH4, N2O
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305-5
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Reduction of GHG Emissions
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GHG Emissions
Gases included in the calculation: CO2, CH4, N2O
Base year or baseline: 2019
Scopes in which reductions took place: Scope 1 and Scope 2
Standards, methodologies, assumptions and/or calculation tools used: GRI 305: Emissions 2015, Disclosure 305-5
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305-6
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Emissions of Ozone-Depleting Substances (ODS)
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Trane Technologies is not a manufacturer of ODSs based on its interpretation of GRI 305-6.
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305-7
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Nitrogen Oxides (NOx), Sulfur Oxides (SOx), and other significant air emissions
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Persistent organic pollutants, volatile organic compounds, hazardous air pollutants, particulate matter, and other standard categories of air emissions identifed in relevant regulations are not significant air emissions for Trane Technologies.
Source of emission factors: U.S. EPA, Compilation of Air Pollution Emission Factors (AP-42), U.S. EPA Updated Emission Factors of Air Pollutants from Vehicle Operations in GREET Using MOVES; and vendor technical data sheets
Standards, methodologies, assumptions and/or calculation tools used: General calculation method is material usage multiplied by emissions factor
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Energy | GRI 302: Energy 2016
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3-3
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Management of material topics
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Energy
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302-1
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Energy consumption within the organization
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Energy
Standards, methodologies, assumptions and/or calculation tools used: GRI 302: Energy 2016, Disclosure 302-2
EPA Climate Leaders, Emission Factors for Greenhouse Gas Inventories, 9 March 2018; Climate Change, 2013, The Physical Science Basis, Working Group I Contribution to the Fifth Assessment Report of the Intergovernmental Panel on Climate Change, Chapter 8, Appendix 8.A, Table 8.A.1; 2017 Climate Registry Default Emission Factors report, Table B.2, March 15, 2017
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302-2
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Energy consumption outside the organization
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All energy was consumed within the organization.
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302-3
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Energy intensity
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Energy
Types of energy included in the intensity ratio: Fuel, heating, and electricity
All energy used was consumed inside the organization. Calculated using Trane Technologies' energy usage and multiplying against relevant DEFRA and IEA emission factors
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302-4
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Reduction of energy consumption
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Base year for targets: Calendar year 2020
Methodology: GRI 302: Energy 2016: 302-4
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Energy Efficient and Low Emission Products | GRI: Custom Disclosure
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3-3
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Management of material topics
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Energy Efficient and Low Emission Products
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Custom
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Clean revenue
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Energy Efficient and Low Emission Products
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Sustainable Product Design & Life Cycle | GRI 301: Materials 2016
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3-3
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Management of material topics
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Circularity: Product Life Cycle & Materials
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301-2
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Recycled input materials used
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Circularity: Product Life Cycle & Materials
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Technology & Innovation | GRI: Custom Disclosure
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3-3
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Management of material topics
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Technology & Innovation
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Custom
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Average revenue from innovation
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Technology & Innovation
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English