Awarded the "2024 ESG Model Enterprise Award" by China Public Welfare Festival for ten consecutive Years

Beijing, March 3, 2025 - Trane Technologies (NYSE: TT), a global innovator in climate control systems, has been awarded the "2024 ESG Corporate Excellence Award" at the 14th Annual Public Welfare Festival for its excellence in environmental, social and corporate governance (ESG) and long-term commitment to sustainable development practices. As the most influential annual event in the field of philanthropy and ESG, the award highlights Trane's far-reaching influence in leading the green development of the industry and practicing corporate social responsibility in China and the world. This is also the tenth consecutive year that Trane Technology has been honored by the Festival, further consolidating its leading position in the field of sustainable development.

As a global innovator in temperature control systems, Trane has always adhered to the scientific basis, set clear sustainable development goals, and integrated them into the core of corporate strategy. In 2019, the company released its 2030 Sustainability Commitment, promising to help customers reduce 1 billion tons of carbon emissions, achieve carbon neutrality in their own operations, and promote "equal opportunity." By the end of 2023, Trane Technology has helped customers worldwide reduce carbon emissions by 157 million tons, its own operational carbon emissions have been reduced by 44%, and it is steadily moving towards the goal of carbon neutrality across the value chain by 2050 through technological innovation and green operation practices.

In China, Trane Technology has been deeply engaged in the field of HVAC and cold chain logistics for many years, and actively promotes the research and development and application of green technology with innovation as the driving force. Through a series of innovative initiatives such as promoting low global warming potential (GWP) refrigerants, developing high efficiency energy saving and electrification solutions, and exploring innovative applications of renewable energy sources, the company not only helps customers achieve energy saving and emission reduction targets, but also provides strong support for the green transformation of the industry.