Lehigh ISE Spencer C. Schantz Distinguished Lecture - Public Lecture
Speaker: Paul Camuti, Executive Vice President and Chief Technology and Sustainability Officer
Title: "A Purpose Driven Innovation System, Delivery ESG Impact"
Lecture: Thursday, May 4, 2023, 4:15 p.m. - 5:00 p.m.
Location: MO 355, 200 West Packer Avenue, Bethlehem, PA 18015.
The Lehigh ISE Department is pleased to announce that Paul Camuti, will give the Spencer C. Schantz Distinguished Public Lecture titled A Purpose Driven Innovation System, Delivery ESG Impact on Thursday, May 4, 2023 from 4:15 p.m. to 5:00 p.m. in Mohler Laboratory room 355, 200 West Packer Avenue, Bethlehem, PA.
The ISE Award Ceremony honoring ISE students, faculty, and staff will follow immediately after the lecture (5:00 p.m. to 5:30 p.m.).
The ISE Banquet Dinner will be held Zoellner Arts Center, Butz Lobby (2nd Floor) 420 East Packer Avenue, Bethlehem, PA 18015 from 6:00 p.m. to 9:00 p.m.
Abstract:
A Purpose Driven Innovation System, Delivering ESG Impact
Over a decade ago, Trane Technologies set out to align its business strategy to match the global megatrends and sustainability challenges that also presented growth opportunities. By focusing on engaging employees, implementing a business operating system, and deploying a team-based approach to innovation, the company was able to accelerate its sustainability-focused strategy in 2020 following separation from its industrial segments, and transformation to a more focused climate innovator with a purpose to challenge what’s possible for a sustainable world.
The thermal management of built environment and the transportation cold chain are responsible for approximately 20% of global greenhouse gas emissions. With a more populated, warmer planet these emissions could increase dramatically. By committing to this challenge, Trane Technologies has taken as systems approach – engaging our employees, focusing on our customers, developing new technologies, and innovating our product and service offerings globally. This has resulted in top levels of employee engagement, business growth and total shareholder return.
This talk will explore the key components of the system, our learnings, and the importance of goal setting in an industrial transformation. Through examples we will highlight the opportunities for all organizations to set a clear purpose and to deliver impact. We will address questions and discuss how a systems engineering background and perspective can accelerate business success.
Bio:
Paul Camuti is executive vice president and chief technology and sustainability officer of Trane Technologies plc, a global climate innovator focused on sustainable solutions for buildings, homes and transportation.
In this role, Paul oversees the company’s innovation practices and sustainability-led strategy that powers the company’s strong financial and environmental, social and governance (ESG) performance. He also provides leadership to the shared technology and advanced manufacturing networks, sustainability practice, strategy and corporate development functions.
Since joining the company in 2011, Paul has helped establish its award-winning, sustainability-led innovation culture. He has led the company’s enterprise focus on sustainability, advocacy for smarter energy usage, and partnership with industry experts, academia and NGOs. Under his leadership, the company has formed external advisory councils on both sustainability and healthy and efficient spaces. In addition, he led the introduction of Operation Possible, a global crowdsourcing innovation program focused on solving major environmental and social challenges.
For more than 30 years, Paul has been at the intersection of industrial digital transformation and sustainability. Prior to joining the company, he was founder and president of Smart Grid Applications for Siemens Energy, Inc. and CEO of Siemens Corporate Research. In these roles he had global business responsibility for technology and innovation. He also held several leadership roles with Siemens Energy and Automation, where he founded the company's Industrial Software business. In addition, he has worked with Eaton Corporation and Westinghouse Electric.
Paul’s leadership has helped Trane Technologies earn a position as a global leader in sustainable innovation. Most recently, the company was listed on the Dow Jones Sustainability Indices for the 12th consecutive year, ranked 18th on the 2023 as a JUST 100 list and ranked on Fortune’s World’s Most Admired Companies for the 10th consecutive year. The company was also the first in its industry and one of the first across all sectors to have its net-zero emissions targets approved by the Science-based Targets Initiative (SBTi).