Trane Technologies Named to FORTUNE Magazine World's Most Admired Companies List for Eleventh Consecutive Year

FORTUNE magazine has named Trane Technologies (NYSE:TT), a global climate innovator, to its World's Most Admired Companies list for the eleventh consecutive year.

The annual list, developed by FORTUNE and Korn Ferry, is widely considered to be the ultimate report card on corporate reputation. The companies on the list are the best-regarded in their industry and rated on nine criteria, ranging from investment value and quality of management and products to social responsibility and ability to attract talent.

"It's an honor to be recognized by FORTUNE, and I'm extremely proud of our global team for challenging what's possible to create a more sustainable world," said Dave Regnery, chair and CEO of Trane Technologies. "With our commitment to purpose, relentless focus on innovation, and uplifting, engaging culture, we are delivering value for our team, our customers, our shareholders and our communities."

Through bold, industry-leading action and innovation, Trane Technologies is decarbonizing buildings, industry and the cold chain and advancing its 2030 Sustainability Commitments, including the Gigaton Challenge, and its pledge to be net-zero by 2050. The company's emissions reductions targets have been externally validated by the Science Based Targets Initiative (SBTi).

With its Opportunity for All commitment, Trane Technologies is taking action to achieve gender parity in leadership, workforce diversity reflective of its communities, and community initiatives that support equitable education and pathways to green and Science, Technology, Engineering and Math (STEM) careers.

Trane Technologies was recently named to the JUST 100, the Management Top 250 and the S&P Dow Jones Sustainability World Index and the North America Index. The company was also recognized for corporate environmental transparency by CDP, securing a place on its annual ?A List'.

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.

Forward-Looking Statements

This news release includes "forward-looking statements" which are statements that are not historical facts, including statements that relate to our commitments to climate, sustainability and our people, 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.