Trane Technologies Calls for Greater Action, Collaboration To Transform Commercial Transport and the Cold Chain - Seite 2

Thermo King recognizes the need to keep investing in innovation for the cold chain because of the potential to reduce emissions, but also because it plays a critical role in feeding society. Roughly 30% of the food produced worldwide is lost every year, before reaching consumers, largely due to uncontrolled environments and disruptions in the cold chain. Partnering with retailers, non-profits and the European Commission to reduce food waste, we recently co-developed a roundtable at the European Parliament to help accelerate progress and get more people taking action. The session was aligned to the EU's commitment of meeting SDG 12.3 of halving per capita global food loss and waste by 2030.

Through bold, industry-leading action, Trane Technologies is advancing its 2030 Sustainability Commitments, including the Gigaton Challenge - a pledge to reduce customer greenhouse gas emissions by 1 billion metric tons (or, one gigaton) - and its pledge to be net-zero by 2050. In 2014, the company set its first science-based 2020 Climate Commitments - accelerating innovation to achieve them two years ahead of schedule. The company is first in its industry with near and long-term emissions reduction targets externally validated by the Science Based Targets Initiative (SBTi).

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About Trane Technologies
Trane Technologies is a global climate innovator. Through our strategic brands Trane and Thermo King, and our portfolio of environmentally responsible products and services, we bring efficient and sustainable climate solutions to buildings, homes, and transportation. For more on Trane Technologies, visit www.tranetechnologies.com.

About Thermo King
Thermo King is the leader in sustainable transport climate control solutions. We provide cutting-edge technology and solutions with sustainability and the customer experience in mind. Fresh thinking, passion, and problem-solving are core to our culture and approach, ensuring our customers deliver what matters most to communities everywhere.

Forward Looking Statements
This news release includes "forward-looking statements" within the meaning of securities laws, which are statements that are not historical facts, including statements that relate to innovations to develop efficiency and decarbonization solutions, and our sustainability commitments and the impact of these commitments. These forward-looking statements are based on our current expectations and are subject to risks and uncertainties, which may cause actual results to differ materially from our current expectations. Factors that could cause such differences can be found in our Form 10-K for the year ended December 31, 2023, as well as our subsequent reports on Form 10-Q and other SEC filings. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect the Company. We assume no obligation to update these forward-looking statements.

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