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Carrier Commits to Planting 5 Million Trees With the Arbor Day Foundation by 2030

1. Carrier collaborates with Arbor Day Foundation to plant 5 million trees by 2030. 2. The initiative aims to enhance air quality and sustainability efforts. 3. Carrier invites employees and customers to participate in tree-planting locations. 4. Trees can reduce urban temperatures by up to 10 degrees Fahrenheit. 5. Carrier's purpose emphasizes environmental stewardship and energy efficiency.

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Why Bullish?

This initiative aligns with growing consumer and investor interest in sustainability. Companies engaging in environmental efforts often experience positive market reactions, as seen with Tesla’s initiatives boosting their visibility and sales.

How important is it?

The article underscores Carrier’s commitment to sustainability, likely enhancing brand loyalty and market value. This is crucial given current trends linking sustainability with investment attractiveness.

Why Long Term?

The continued focus on sustainability initiatives positions Carrier for long-term growth. As environmental policies tighten and consumer preferences shift towards greener solutions, this can lead to sustained financial benefits.

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Initiative Supports Carrier's New Purpose—Enhancing the Lives We Live and the World We Share , /PRNewswire/ -- Carrier Global Corporation (NYSE: CARR), global leader in intelligent climate and energy solutions, today announced a collaboration with the Arbor Day Foundation, the world's largest tree planting charitable organization, committing to plant 5 million trees by 2030. The initiative, "For the Air We Breathe, For the World We Share," reinforces Carrier's new purpose by supporting nature-based solutions to help conserve energy and reduce heating and cooling costs, all while protecting the health of the planet. "With more than 120 years of rich history, Carrier's purpose has always run deep in our culture," said David Gitlin, Chairman and CEO, Carrier. "Planting 5 million trees isn't just symbolic—it reflects our responsibility and direct action to help build a cooler, healthier and more sustainable world today and for generations to come." Under this collaboration, Carrier will plant 1 million trees annually for five years, helping to improve air quality, generate oxygen, filter water and contribute positively to the restoration of our planet's most vulnerable ecosystems. Carrier will directly involve customers and employees by inviting them to help select one of the first planting locations, which will be announced later this year. "We're thrilled to work with an organization that has been dedicated to the sustainability and energy efficiency of our communities, as well as the preservation of our most vital ecosystem," said Dan Lambe, chief executive of the Arbor Day Foundation. "This partnership further demonstrates Carrier's commitment to environmental stewardship, providing a momentous boost to our global tree planting efforts in forests and communities of great need." Alongside these large-scale reforestation efforts, Carrier will support localized urban forestry efforts to address extreme heat in communities where its employees live, work and operate. According to the Arbor Day Foundation, strategically planted trees can provide shade that helps reduce urban temperatures by up to 10 degrees Fahrenheit. Carrier employees worldwide will be able to volunteer in local tree-planting activities, directly putting Carrier's purpose into action. To learn more about Carrier's tree planting initiative, For the Air We Breathe, For the World We Share, click here. About CarrierCarrier Global Corporation, global leader in intelligent climate and energy solutions, is committed to creating innovations that bring comfort, safety and sustainability to life. Through cutting-edge advancements in climate solutions such as temperature control, air quality and transportation, we improve lives, empower critical industries and ensure the safe transport of food, life-saving medicines and more. Since inventing modern air conditioning in 1902, we lead with purpose: enhancing the lives we live and the world we share. We continue to lead because of our world-class, inclusive workforce that puts the customer at the center of everything we do. For more information, visit corporate.carrier.com or follow Carrier on social media at @Carrier. Carrier. For the World We Share. SOURCE Carrier Global Corporation WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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