Trane Technologies PLC

We also get input on our sustainability strategy from the compensation committee and from the audit and finance committees. For example, when we renewed our $1 billion credit facility last year, we tied ESG metrics to it. So, the finance committee had to be aware of what those metrics are, how they're being reported, and what how the internal control system works to ensure we're reporting that information accurately.

**Why does Trane Technologies have a director of Global Climate Policy? Tell us about your role.** Fifteen percent of global greenhouse gas emissions come from heating and cooling of buildings, and another 10% come from food loss. The technology exists today to address these challenges. Global and local policies must encourage scale for the world to move faster. For example, the use of low global warming potential refrigerants must be enabled locally through building codes, transportation rules and training. Heat pumps must be enabled and accelerated through workforce development and incentives. There are over 1,000 code jurisdictions in the United States alone, creating a significant body of work to enable new refrigerants. Our innovative solutions are making a growing impact on reducing emissions in difficult-to-decarbonize spaces, but solutions must be adopted at scale to decarbonize heating and cooling. While we are busily disrupting ourselves to meet our Gigaton Challenge, engaging our colleagues by integrating emissions reductions strategies into our daily decision-making, we also leverage our leadership position to enable adoption of technologies to meet climate goals. I am fortunate to work with such accomplished colleagues at Trane Technologies. Governments around the world rely on us as a trusted resource to advance policies that are sound. We are consulted for our expertise on local, national and international policy issues. While I focus primarily on the regulatory side of things, we also have robust legislative expertise both here in the United States and in capitals around the world as part of a larger government relations function. Early engagement helps to ensure that ambitious policies produce the desired societal outcomes with the least disruption to the critical services we provide.

## Political Activities and Contributions

The laws of many countries prohibit or strictly limit contributions by corporations to political parties and candidates. Although our employees may engage in personal political activity, they are prohibited from doing so on behalf of Trane Technologies or in their capacity as company employees. In the United States, Trane Technologies manages a nonpartisan Political Action Committee (PAC) which is compliant with all applicable laws and is regulated by the Federal Election Commission (FEC).

Under the FEC, all funds received by the PAC and resulting contributions to federal candidates are publicly disclosed. For a list of federal contributions, see here. Although Trane Technologies employees may make personal contributions to political parties and candidates, they are not permitted any type of reimbursement from the company. The PAC is funded exclusively through voluntary contributions by salaried employees.

## Sustainability Advocacy

Trane Technologies supports climate and sustainability policies, frequently providing technical support and formal comments during the stakeholder comment period of public policy to support climate action. When necessary, we counter unproductive messaging from trade associations and other companies through our formal engagement with policymakers.

In 2023, InfluenceMap recognized Trane Technologies as a Corporate Climate Policy Engagement Leader for science-aligned climate policy influence. Trane Technologies was recognized as being in the top 5% of companies evaluated for positive and active climate policy engagements aligned with the Paris Climate Accords of 2015. Trane Technologies was also recognized as a leading industry "Transformer" by the Climate Trust in 2023. Learn more about our awards and recognition related to sustainability.

See below examples of our climate policy leadership through formal comments and testimony. Learn more about our Public Policy management in the ESG report.

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]Yes