Speakers From Corporate Houses Shares Perspective on Tackling Climate Change

Experts from across the country attended the CII 12^th Sustainability Summit, recently held in New Delhi. Joining panelists in the discussion on ‘Tackling Climate Change with Nationally Determined Contributions’ was Randal Newton, Vice President, Enterprise Engineering, Ingersoll Rand who shared insights on the best practices and strategies to attain Sustainable Development Goals (SDGs).

“Converting national climate plans into reality is a complex and demanding process and requires contributions from everyone – it needs a public-private partnership. Governments and Industries must work together to ensure successful implementation of the Paris Agreement commitments. With India poised to become a major manufacturing hub in the coming years, all players and policy makers in this sector need to align their Make in India goals with green technologies in order to remain competitive in global markets,” Newton said. “We hope to lead our industry towards a more sustainable world through our choices, improving our global operating footprint, and continuing to develop lower greenhouse gas emission options for the benefit of our customers and the environment.”

In 2014, long-term sustainability targets were established to address the issues of greatest importance to the company, the environment and the society, including the operational footprint, customer outcomes, and corporate citizenship. By integrating SDGs into its business model, Ingersoll Rand has achieved 23% reduction in GHG intensity since 2013. It has avoided 6.7 million metric tons CO2e since 2013. To align the business values along with its activities, there will be the introduction of products across its industrial and climate portfolio that are significantly more energy and operationally efficient.

The company’s Climate Commitment has supported the avoidance of approximately 6.7 million metric tons of CO2e globally, which is the equivalent of avoiding annual CO2 emissions from energy used in more than 700,000 homes. In support of the commitment, Eco-Wise was launched, a portfolio of products designed to lower environmental impact with next generation, low-global warming potential refrigerants and high efficiency operation. By 2030, the expectation is to reduce carbon footprint by 50 million metric tons.