Leading Sustainably: Ingersoll Rand Highlights Accelerated Progress in 2023 Sustainability Report and Announces New Goals

Core Viewpoint - Ingersoll Rand Inc. has released its 2023 Sustainability Report, highlighting its commitment to sustainability through innovative practices and operational excellence aimed at creating a better future [1][2]. Group 1: Grow Sustainably - The company employed a Design for Sustainability (DfS) process for all new product development, launching 80 new innovative products in 2023 [3]. - 66% of the product portfolio features sustainable attributes, with expectations that products with sustainable attributes will account for over 25% of total revenue by 2030 [3]. - Ingersoll Rand continues to support customers in high-growth, sustainable end markets such as clean energy, food, life sciences, and water [3]. Group 2: Operate Sustainably - The company prioritized employee safety, surpassing the industry average by 73%, with a total recordable incident rate (TRIR) of 0.69, approaching world-class standards [4][10]. - More than 1,800 employees have been granted equity through the Ownership Works program, increasing the total number of employees receiving grants to over 23,000 since May 2017 [4]. - Ingersoll Rand powers 45 sites worldwide with renewable energy and achieved its water reduction goal seven years ahead of the 2030 target [4]. - The company has been recognized on the "A List" by CDP and included in the Dow Jones Sustainability Indices for its leadership in sustainability practices [4]. Group 3: Future Goals - The company has set a new operational goal to reduce absolute water usage by 30% in water-stressed sites by 2030 [4]. - By 2040, Ingersoll Rand aims to help customers reduce or avoid 1 billion metric tons of carbon dioxide equivalent (CO2e) in their Scope 2 emissions through its products and services [4].