The Vision & Mission Statement of FIRST is given below:

Foundation of ISHRAE shall be an internationally acclaimed Institute for Research Science & Technology related to the HVACR & allied Industry.

• Foundation of ISHRAE shall conduct purposeful & focused Research in the HVAC& R Industry, to find practical solutions to specific problems through technical Innovation, driven by passion & dedication to serve, by offering benefits, the Society at large.
• Development of Industry Standards for Products & Services.
• Imparting quality Education & Training to upgrade manpower knowledge & skill-sets.