Governance

As the highest governance body for the company, our BOD holds the responsibility of making crucial decisions on matters of economic, environmental, and social significance. Our BOD ensures comprehensive oversight and expertise in key areas of corporate governance through our Audit Committee, Compensation Committee, Sustainability Committee, and Nominating and Corporate Governance Committee.

Integrity, honesty and sound judgment are fundamental to Ingersoll Rand’s reputation, success and growth. Our Code of Conduct helps ensure that all employees, irrespective of their position, consistently conduct themselves in a lawful manner and uphold the highest ethical standards in every facet of their business interactions. The Code is designed to assist us in avoiding even the appearance of improper behavior and serves as a guide for employees when faced with legal or ethical questions. All Ingersoll Rand employees are expected to read the Code carefully, understand its expectations and apply it to all aspects of work. Ingersoll Rand continues to partner with outside experts to enhance its online Code of Conduct training module, which has been successfully implemented across the entire organization.

We deeply value our supplier partners and recognize the pivotal role they play in manufacturing, delivering, and servicing our mission-critical products. To ensure the smooth operation of our supply chain, we have developed a comprehensive strategy focused on building a resilient and sustainable network of strong supply partners. Our supply chain strategy revolves around striking a balance between in-region/for-region sourcing. This approach aims to maintain supply chain security and mitigate potential disruptions by sourcing materials and components locally or within proximity to our operations.  Simultaneously, we also leverage best-cost country sourcing to capitalize on lower commodity and component costs, enhancing our competitiveness in the market. We also have a strong sustainability component to our supply chain strategy, which is ultimately overseen by the Sustainability Committee of our BOD.

Ingersoll Rand conducts a Materiality Assessment every two years that based on the principle of double materiality as outlined in the Global Reporting Initiative (GRI). This deepened the definition of materiality to encompass and emphasize the economic, environmental and social impacts of our value drivers. In our approach, we focused on the importance of each topic to stakeholders, long-term shareholder value creation and competitive positioning. We also considered the short-term and long-term impacts, intended and unintended impacts, positive or negative impacts, and reversible and irreversible impacts affecting our financial, organizational, and reputational performance now and in the future. This in-depth analysis helped us identify the most material topics and allowed us to arrange the topics in order of significance to stakeholders and impact on Ingersoll Rand.

Ingersoll Rand has implemented controls based on the National Institute of Standards and Technology Cybersecurity Framework (NIST CSF) and the Sarbanes-Oxley Act.  Our Information Technology organization is led by the Chief Information Officer (“CIO”) who is responsible for cybersecurity risk management. The Audit Committee is tasked with oversight of cybersecurity and receives three updates per year with one full readout to the Board of Directors. Directors with experience in cybersecurity and technology play crucial oversight roles for our digital and cybersecurity strategies. The Board of Directors oversees and approves the Company’s cybersecurity program.