Trane Technologies has secured the 19th position on TIME’s 2026 list of the World’s Most Sustainable Companies, marking the third consecutive year the global climate innovator has appeared on the ranking. Published in collaboration with Statista, the list recognizes companies embedding sustainability into core business strategies and delivering measurable environmental and social impact. This accolade underscores the company's progress toward its 2030 Sustainability Commitments, including the Gigaton Challenge to reduce customer emissions by one billion metric tons.

Mauro Atalla, Senior Vice President and Chief Technology and Sustainability Officer at Trane Technologies, attributed the recognition to the company's strategic focus on helping customers reduce emissions and lower operating costs. The company’s 2025 Sustainability Report, titled Scaling Sustainability, details its performance across emissions reductions, energy efficiency, and circularity. The report highlights that Trane Technologies has reduced 331 million metric tons of CO2e from customers’ carbon footprints since 2019.

Operational and Environmental Metrics

Trane Technologies reported exceeding the pace required to meet its science-based 2030 target for operational greenhouse gas emissions. The company achieved a 59% reduction in these emissions since 2019. Furthermore, 84% of its global electricity needs were met with renewable energy sources in 2025. The company also improved energy intensity by 38% from its 2019 baseline.

Key Sustainability Achievements in 2025

Financial and Strategic Developments

Beyond environmental metrics, the company increased circularity within its operations. Revenue from remanufactured products and services grew to $282 million in 2025, representing a 31% increase from 2024. To support decarbonization efforts, Trane Technologies invested $348 million in research and development and introduced 110 new products and services during the year.

The TIME ranking adds to a series of external sustainability honors for Trane Technologies in 2026. The company was named to Financial Times’ Europe’s Climate Leaders list for the sixth consecutive year and CDP’s annual ‘A List’ for climate change for the fourth consecutive year. It also appeared on Corporate Knights’ inaugural USA 25 Most Sustainable Corporations list.

Trane Technologies has appointed Donny Simmons as Chief Operating Officer (COO), effective July 1, 2026, reporting to Chair and CEO Dave Regnery. Simmons will oversee the company's regional business units and operations, driving tighter business and operational alignment and accelerating execution of the company's growth strategy. The appointment aligns the leadership structure with the company's increased scale and expanding market opportunities driven by the global energy transition and advancements in climate innovation.

Since launching as a pure-play climate innovation company in 2020, Trane Technologies has nearly doubled its annual revenue. The company aims to capture unprecedented market opportunities created by the acceleration of artificial intelligence and climate innovation by fostering stronger alignment across its regional businesses and operations.

"Donny's appointment is an important step in our growth journey," said Dave Regnery, Chair and CEO of Trane Technologies. "By bringing our regional businesses and operations together under his leadership, we will foster deeper collaboration, strengthen our Business Operating System and accelerate execution of our strategy. Donny's strategic leadership, deep understanding of our businesses and strong operational mindset make him uniquely positioned to drive our next phase of growth."

Simmons is a 25-year veteran of the company with a proven track record of delivering consistent, profitable growth. Most recently, he served as Group President of the Americas region, overseeing a broad portfolio including commercial and residential HVAC, transport refrigeration and life science solutions.

Since joining the company in 2001, Simmons has led several of the company's largest businesses, including Commercial HVAC North America and EMEA as well as several global industrial businesses. He has extensive experience managing complex, global operations and brings a holistic perspective to the COO role, having held key leadership positions across general management, sales, manufacturing and finance.