Irish global diversified industrial company Ingersoll Rand has been added to the FTSE4Good Index Series, an equity index series designed to facilitate investment in companies that meet globally recognized corporate responsibility standards.
The company, which claims to make “comfortable, sustainable and efficient environments,” was independently assessed according to the FTSE4Good criteria, and satisfied the requirements to become a constituent of the index.
Created by the global index company FTSE Group, FTSE4Good companies must meet stringent environmental, social and governance criteria.
“Companies placed on the FTSE4Good index series are among the leaders in their industries and understand the importance of being exceptional corporate citizens,” said Paul Camuti, senior vice president of innovation and chief technology officer of Ingersoll Rand. “We know the way to build a great company is to focus on action and metrics that matter to our employees, customers and shareholders...”
The company has an established set of initiatives aimed at embedding sustainability across the enterprise in pursuit of six key objectives for 2020. These include improving governance standards, working with suppliers to cultivate a sustainable and innovative supply chain, optimizing the use of natural resources in its operations to reduce environmental impact, as well as addressing social and environmental imperatives that create shared value, among others.
Ingersoll Rand says it has many opportunities for growth through customer-focused innovations that improve the quality of life and the environment, including many that advance sustainable business practices. It provides products and services that can help customers reduce their energy use and greenhouse gas emissions, minimizing the effects of climate change. Meanwhile, Ingersoll Rand is working to reduce the energy footprint of its own operations.
In the last year, Ingersoll Rand has been included on the Dow Jones Sustainability Index (DJSI), received an overall score of 93 on the CDP S&P 500 Climate Change Report, is a constituent to the MSCI Global Sustainability Indexes and recognized as the No. 1 Industrial Machinery company on FORTUNE Magazine’s 2015 World’s Most Admired Companies list.