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Case Study

How Trane Technologies Uses Sustainability Management Software to Track Renewable Energy Credits and Dramatically Reduce Its Carbon Footprint

By Effectively Allocating 121 RECs Across 24 Facilities Worldwide, Trane Technologies Has Eliminated 136,000+ Metric Tons of Market-Based Scope 2 CO2 Emissions

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RECs allocated

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MWh of electricity allocated

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Sites receiving RECs

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Metric tons of market-based Scope 2 CO2 emissions eliminated

The Challenge: Tracking and Allocating Renewable Energy Credits (RECs) Across a Global Carbon Footprint

Trane Technologies operates as a global climate innovator, bringing efficient and sustainable climate solutions to buildings, homes, and transportation. One of its bold commitments for Environmental, Social, and Governance (ESG) and sustainability improvements is to become carbon neutral by 2030.

To achieve this goal, the company would need to reduce Scope 1 and Scope 2 emissions from its manufacturing operations, warehouses, distribution centers, service centers, research and design labs, offices, and service fleet. Trane first focused its sights on reducing market-based Scope 2 emissions for purchased electricity and investing in Renewable Energy Credits.

What are RECs?

Renewable Energy Credits (RECs) are certificates issued when energy is generated and delivered to the grid from a renewable source, such as solar or wind, and purchased by organizations to claim ownership of renewable energy generation.

RECs can be used to help companies reduce their Scope 2 emissions under the market-based accounting method.

Tracking and allocating RECs across Trane’s 700+ global facilities would be a heavy lift requiring:

The Solution: Digitize and Automate to Simplify REC Tracking and Allocation

Accelerating the Journey to Carbon Neutral with the Benchmark Gensuite® Sustainability Management Software

Trane partnered with Benchmark Gensuite to develop a comprehensive digital solutions package that would offer a structured process and platform for tracking and allocating RECs. This process enabled the company to:

Collaborate on the development of configurable, scalable solutions tailored to its unique use case

Automatically calculate company sustainability metrics for emissions, resource consumption, and energy usage

Expand its emissions factor library including market-based and location-based calculations

Integrate reporting with data analytics and visualizations

Taking Charge of RECs Across the Enterprise

We contracted with a Texas wind farm for a multi-year agreement that provides a large allotment of RECs that accounts for about 30% of our US Scope 2 carbon. We do an analysis monthly, apply the REC, and basically zero out the electricity in our adjusted market calculations within the Benchmark Gensuite tool. They've come up with a strategy of how to incorporate the market emissions calculations, the renewable energy certificate, and the carbon credit. The takeaway from a supply chain, corporate environmental resource standpoint is the importance of having a tool that's trustworthy and open to all our colleagues and leaders. Benchmark Gensuite was the logical place to build this. We've got lots of external sustainability reports and questionnaires, CDP and DJSI, and our annual ESG report; all that is easier to process now with the implementation of Benchmark Gensuite."

– Director, Global Environmental Programs, Trane

Ready to Jumpstart Your Carbon Reduction Strategies?

Empower your teams to manage carbon reduction strategies enterprise-wide and track progress towards targets with the Benchmark Gensuite Sustainability Management Software platform, a comprehensive digital solutions package.

01

Track Your Carbon Footprint

Set an accurate baseline for carbon reduction and standardize your progress measurements. Track and allocate RECs to reduce site emissions.

02

Identify & Execute Sustainability Projects

Drive real sustainability improvements and engage employees in sustainability initiatives.

03

Measure Progress Toward Goals

Easily analyze sustainability and REC metrics via data visualizations for increased transparency.

Spotlight on Levin Sources, a Benchmark Gensuite Partner

Levin Sources is a global B Corp-certified consultancy that:

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