Supplier Diversity

At Trane Technologies, we recognize the value of diversity in our supply chain. We believe in maintaining a corporate culture of mutual respect, cross collaboration and inclusion that drives growth and innovation while making a positive impact in the lives of our customers.

We are committed to working with minority-owned, women-owned, veteran-owned, LGBTQ-owned businesses, and businesses owned by people with disabilities. In 2020 we added 103 new diverse suppliers, representing $4.3M in spend. We are not only committed to growing our business with diverse suppliers, but also to developing and mentoring them to build stronger partnerships and enhanced capabilities.

We focus on three pillars:

• Increased utilization of diverse suppliers
• Supplier development and mentoring
• Strategic outreach 

Our Procurement Process

Our innovative procurement process identifies and prequalifies diverse-owned businesses to ensure a robust pipeline for procurement opportunities. The strategic sourcing process includes a Supplier Decision Matrix, which enables us to avoid using price as the primary driver for supplier selection. Instead, we consider a range of factors, including supplier diversity, quality, and risk. Our plans to launch the COE NEXT mentor program are on hold until face-to-face meetings are possible.

In 2020, we partnered with the Tri-state Minority Supplier Development Council and several teams within Trane Technologies Procurement Operations to develop and deliver virtual training to minority-owned businesses. The sessions focused on supplier quality, supply chain risks, and sustainability. Also, together with the Tri-state Council we hosted The Hackett Group in presenting their latest supplier diversity benchmark study to more than 83 corporations nationwide.