Ingersoll Rand Achieves 2020 Energy Efficiency Goal and Advances Climate Commitment with Renewable Energy

April 12, 2018

SWORDS, Ireland–(BUSINESS WIRE)–Ingersoll Rand (NYSE:IR), a world leader in creating comfortable,
sustainable and efficient environments, announced that it has achieved a
significant milestone in its global Climate Commitment ahead of schedule
and is deepening its commitment with on-site and off-site renewable
energy investments.

Achieving Energy Efficiency Goals

As part of its global Climate Commitment, Ingersoll Rand committed to a
35 percent reduction of its greenhouse gas (GHG) footprint from its own
operations by 2020. To deliver on this goal, the company targeted a 10
percent increase in energy efficiency from a 2013 baseline – and has
achieved the goal two years ahead of schedule1.

“Energy efficiency is a primary consideration in everything we do across
our own operations and for our customers in the building, industrial and
transport industries,” said Paul Camuti, senior vice president of
Innovation and chief technology officer for Ingersoll Rand. “We are
pleased to achieve this significant milestone, and thank the Ingersoll
Rand team around the world for reducing energy use and our impact on the
environment, and enhancing sustainable value for our customers.”

Ingersoll Rand conducted an energy audit of its own large facilities and
upgraded air conditioning systems, building controls and lighting, and
eliminated energy leakage from its compressed air systems while
measuring, validating and reporting the results. It reduced energy use
by 109,000 MM BTUs and electricity consumption by 22,000 MWh, which is
the equivalent of not burning 26 million pounds of coal and powering
1,750 homes for one year.

Committing to On-site and Off-site Renewable Energy Use

The company announced investments in renewable energy technologies to
deepen its Climate Commitment and reduce its impact on the environment.
At three large manufacturing sites in the U.S. and China, Ingersoll Rand
initiated or commissioned on-site solar installations to address 15
percent of the energy load at these locations. This is equivalent to
saving 560,000 gallons of gasoline and taking 1,000 cars off the road.

In addition to on-site renewable energy sources, Ingersoll Rand has
signed a power purchase agreement (PPA) for approximately 100,000 MWh of
wind power annually. The wind farm is in Baylor County, Texas. The PPA
replaces 32 percent of the company’s U.S. electricity use with green
energy, and reduces U.S. Scope 2 GHG Emissions from Electricity by 32
percent. This is the equivalent of recycling 26,000 tons of waste
instead of sending it to a landfill, and preserving 600 acres of U.S.
forests.

“Availability and accessibility of renewable energy options continues to
increase, making it attractive to manufacturers like Ingersoll Rand and
to our customers,” said Keith Sultana, senior vice president – Global
Operations and Integrated Supply Chain for Ingersoll Rand. “We engaged
our own Trane Energy Supply business to provide a roadmap on how to be
smarter about our energy purchases, and to organize an agreement that is
responsible to the environment and good for our business.”

Announcing the News at the Business Renewable Center Annual Event

Leaders from the company shared the news at the Rocky Mountain
Institute’s Business Renewable Center (BRC) annual event in Jersey City,
New Jersey last evening with representatives from 100 member companies.

BRC is a membership program of Rocky Mountain Institute that provides
educational support for buyers, developers and intermediaries to
accelerate the market for corporate renewable energy procurement. To
date, BRC members like Ingersoll Rand have contracted for more than 10
GW of new, renewable energy.

About the Ingersoll Rand Climate Commitment

In 2014, Ingersoll Rand publicly committed to increase its energy
efficiency and reduce the greenhouse gas emissions (GHG) related to its
operations and products. The company’s Climate Commitment includes:

50 percent reduction in GHG refrigerant footprint of its products by
2020 and lower-GWP alternatives across its portfolio by 2030;
$500 million investment in product-related research and development to
fund long-term GHG reduction
35 percent reduction in the greenhouse gas footprint of its own
operations by 2020

Ingersoll Rand’s Climate Commitment has enabled the avoidance of 11
million metric tons of CO2e globally from its products
compared to a 2013 baseline, equal to the emissions from the energy used
in 1.6 million homes for one year. The company also has reduced the GHG
intensity of its operations by 23 percent when compared to a 2013
baseline.

About Ingersoll Rand

Ingersoll Rand (NYSE:IR) advances the quality of life by creating
comfortable, sustainable and efficient environments. Our people and our
family of brands—including Club
Car®, Ingersoll
Rand®, Thermo
King® and Trane®—work
together to enhance the quality and comfort of air in homes and
buildings; transport and protect food and perishables; and increase
industrial productivity and efficiency. We are a $14 billion global
business committed to a world of sustainable progress and enduring
results. For more information, visit www.ingersollrand.com.