Trane Technologies

Ingersoll-Rand, Thermo King
Ireland
Capital Goods

Risk Level:

Rating - Caution
Medium Risk

Summary:

Trane Technologies vets vendors according to LGBTQ policies and does not provide its employees with protections against viewpoint discrimination, but has not publicly terminated business relationships based on views or beliefs. The company integrates ESG into all of its business practices and is committed to carbon neutrality by 2030. Trane Technologies has lobbied for the Equality Act and is a corporate partner of the National LGBT Chamber of Commerce. However, the company does not discriminate against religious organizations in its charitable giving. For these reasons, Trane Technologies receives a "Medium Risk" rating.

Criteria
Risk Level
Rationale
Corporate Weaponization
Criteria

Has denied service to customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.

Risk Level
Rationale

There are no publicly known cases of Trane Technologies terminating business relationships due to religious or political beliefs. Trane Technologies received a score of 90 on the Corporate Equality Index from the Human Rights Campaign (HRC). Among other requirements, this indicates that Trane Technologies vets suppliers according to their LGBTQ policies (1).

Criteria

Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.

Risk Level
Rationale

Trane Technologies’ charitable mission goals include “Access to education and pathways to green and STEM careers” (1). Due to its mission, religious organizations are not discriminated against (2).

Criteria

Employment policies fail to protect against discrimination based on political affiliation/views and/or religion.

Risk Level
Rationale

Trane Technologies does not provide its employees with protection against viewpoint discrimination (1).

Corporate Governance and Public Policy
Criteria

Uses corporate reputation to support ideological causes and/or organizations hostile to freedom of expression.

Risk Level
Rationale

Trane Technologies has committed to public advocacy for or engagement with LGBTQ causes (1). Trane Technologies implements ESG principles into all its business practices through its 2030 Sustainability Commitments and ESG Data Center, committed to net zero carbon emissions by 2030 (2)(3). Trane Technologies’ CEO, Dave Regnery, signed the CEO Action for Diversity and Inclusion (4). Trane Technologies hosted the CEO Day of Understanding to implement DEI goals (5).

Criteria

Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.

Risk Level
Rationale

Trane Technologies donated $1 million to Racial Equity Initiatives (1). The company is a corporate partner of the National LGBT Chamber of Commerce (2).

Criteria

Uses corporate political contributions for ideological, non-business purposes.

Risk Level
Rationale

Trane Technologies has a PAC, however it has not made contributions since Ingersoll-Rand rebranded (1). Trane Technologies lobbied for the Equality Act (2). 

All links were last accessed and all information was updated on:
May 24, 2023

Company reports are intended for educational use only. Full Disclaimer

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