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“We are grateful for the opportunity to
partner with Trane Technologies as their primary
supplier of lower carbon steel, which will reduce carbon
emissions throughout their supply chain,” said Leon
Topalian, Nucor’s chair, president and CEO. “Our Econiq™
brand is helping steel end-users meet their growth and
sustainability goals, and we are proud that it is going
to be a key piece of Trane Technologies’ vision of a
net-zero emissions future.”
“We are thrilled to help our customers move toward a
net-zero future by creating solutions that are Best for
All®,” said U. S. Steel president and CEO David B.
Burritt. “U. S. Steel’s verdeX® steel is strong enough
to handle the day-to-day demands of businesses and
homeowners, and can reduce CO2 emissions by up to
70%–80% versus integrated steel mill production.”
Trane Technologies
pledges to procure, specify or stock 50 percent net-zero
steel by 2030 and 100 percent net-zero steel by 2050 as
a member of SteelZero.
Trane Technologies also is a founding member of the First
Movers Coalition.
Through bold, industry-leading action and partnerships,
Trane Technologies is advancing its 2030
Sustainability Commitments,
including the Gigaton
Challenge,
and its pledge to be net-zero by 2050, with emissions
reduction targets validated by the Science Based Targets
Initiative (SBTi).
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
https://www.tranetechnologies.com.
This news release includes “forward-looking statements”
which are statements that are not historical facts,
including statements that relate to 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. Such factors include, but are
not limited to, our future financial performance and
targets, including revenue, EPS and operating income;
our business operations; demand for our products and
services, including bookings and backlog; capital
deployment, including the amount and timing of our
dividends, our share repurchase program, including the
amount of shares to be repurchased and the timing of
such repurchases and our capital allocation strategy,
including acquisitions, if any; our projected free cash
flow and usage of such cash; our available liquidity;
performance of the markets in which we operate;
restructuring activity and cost savings associated with
such activity; and our effective tax rate. Additional
factors that could cause such differences can be found
in our Form 10-K for the year ended December 31, 2021,
as well as our subsequent reports on Form 10-Q and other
SEC filings. We assume no obligation to update these
forward-looking statements.t:
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