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Decarbonizing Business: The Opportunity

Global climate change poses a huge challenge for business, and decarbonization presents an opportunity to lead.

The urgency of addressing climate change is increasingly pressing, with the need to reduce carbon emissions becoming more critical every day. However, solutions for decarbonization exist today and, if implemented at scale, could significantly mitigate the impacts of climate change. In particular, two key areas for action are the built environment and the cold chain. Businesses have a unique opportunity to drive a low-carbon future and energy transition, leveraging their influence and resources.

The challenge

The heating and cooling of buildings accounts for 15% of global greenhouse gas emissions, with the majority coming from fossil-fuel based heating. Fortunately, there is immense potential to reduce these emissions through readily available technology and simple solutions. Similarly, food loss and waste contribute to a considerable portion of greenhouse gas emissions, highlighting the need for action in transportation and storage practices.

How business can lead

Decarbonizing the built environment, especially improving HVAC systems, is crucial for overall decarbonization efforts. Businesses, with their vast real estate holdings and vehicle fleets, are uniquely positioned to lead this change. National and regional governments are increasingly setting net-zero targets, creating a demand for emissions reduction. Various governmental initiatives and standards are pushing for emissions reductions at every level, incentivizing action from businesses. Investors and regulators are increasingly requiring companies to disclose their climate risks, further pushing them towards sustainable practices.

The time for action is now

Businesses play a vital role in driving decarbonization efforts through electrification, particularly in the built environment and transportation sectors. With the right incentives and support from governments and regulators, companies can lead the transition to a low-carbon future, benefiting both the environment and their bottom line. By seizing this opportunity now, businesses can help bend the curve on climate change and create a more sustainable world for future generations.

To learn more, download our white paper, Decarbonizing America: How Business Can Lead Through Electrification, co-developed with Reuters Events.

Thought Leaders

Dave Regnery

Chair and CEO, Trane Technologies

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Scott Tew

Vice President, Sustainability and Managing Director, Center for Energy Efficiency and Sustainability, Trane Technologies

Carrie Ruddy

Senior Vice President and Chief Communications and Marketing Officer

Mairéad Magner

Senior Vice President and Chief Human Resources Officer, Trane Technologies

Donny Simmons

Group President, Americas, Trane Technologies

Deidra Parrish Williams

Global Corporate Citizenship Leader, Trane Technologies

Jose La Loggia

Jose La Loggia, Group President, EMEA

Holly Paeper

President, Commercial HVAC Americas, Trane Technologies

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Paul Camuti

Executive Vice President and Chief Technology and Sustainability Officer, Trane Technologies

Steve Hagood

Senior Vice President and Chief Information Officer, Trane Technologies

Chris Kuehn

Executive Vice President and Chief Financial Officer, Trane Technologies

Keith Sultana

Senior Vice President, Global Integrated Supply Chain, Trane Technologies