Countries around the globe, including the U.S., have set lofty goals to reduce carbon emissions. In doing so, they have applied pressure to corporations to reduce their carbon footprints to meet environmental goals.
You may not typically associate HVAC or refrigeration with huge potential to reduce carbon emissions. But Carrier Global (NYSE: CARR) has digitally enhanced its HVAC systems to run on cloud-based platforms that allow them to reduce cost, work more efficiently, and lessen the environmental impact of its customers.
Carrier's cost-reducing approach to solving its commercial customers' carbon footprint goals could provide a long runway for growth. Let's take a closer look.
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Want an Unsung ESG Stock? Try This HVAC and Refrigeration Leader