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1 ESG Stock to Create a Growing Stream of Passive Income

TheMotleyFool

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1 ESG Stock to Create a Growing Stream of Passive Income: https://g.foolcdn.com/editorial/images/695301/esg.jpg

Manufacturer Trane Technologies (NYSE: TT) is firmly entrenched as an ESG company. ESG stands for Environment, Social, and Governance; the label is meant to indicate a company's endeavors in things like climate control, employee equity, and fair corporate governance. Trane is an ESG leader, especially on the environmental side.

The company is also entrenched as a dividend payer that has consistently provided shareholders with a passive income stream for many years. Trane's second-quarter earnings report showed spectacular numbers on both fronts. Let's take a closer look.

Image source: Getty Images.

Source Fool.com

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