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.
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:
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
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.”
Track Your Carbon Footprint
Identify & Execute Sustainability Projects
Drive real sustainability improvements and engage employees in sustainability initiatives.
Measure Progress Toward Goals
Easily analyze sustainability and REC metrics via data visualizations for increased transparency.
