Honeywell International : Climate-Related Lobbying Report

HONEYWELL CLIMATE AND SUSTAINABILITY LOBBYING REPORT

TABLE OF CONTENTS

Introduction ........................................................................................................................... 3

Honeywell's Position on Key Elements of Climate and Energy Policy ................. 4

Honeywell's Global Government Relations Team ....................................................... 5

Honeywell's View on the Role of Trade Associations ................................................. 6

Methodology for Data Gathering and Analysis .......................................................... 7

Notable Differences ............................................................................................................ 8

American Fuel and Petrochemical Manufacturers .................................................................................................................... 8

Summary View ................................................................................................................................................................................................ 8

National Association of Manufacturers ........................................................................................................................................... 8

Summary View ................................................................................................................................................................................................ 9

US Chamber of Commerce ...................................................................................................................................................................... 9

Summary View ................................................................................................................................................................................................ 9

Outcomes and Governance Model ............................................................................... 10

Governance Principles ........................................................................................................................................................................... 10

Next Steps ..................................................................................................................................................................................................... 10

Future relationship with American Fuel & Petrochemical Manufacturers,

the National Association of Manufacturers, and the US Chamber of Commerce ................................................. 10

Appendix 1 Honeywell's Trade Association Membership List .............................. 12

Appendix 2 Honeywell's Climate and Energy Approach ........................................ 14

Topics Included ........................................................................................................................................................................................... 14

Broad Sustainability Themes .............................................................................................................................................................. 14

Carbon Reduction Solutions: .............................................................................................................................................................. 15

Global Sustainability Policy .................................................................................................................................................................. 16

INTRODUCTION

Honeywell International Inc. strongly supports efforts to reduce the impact of climate change through the development and sale of products and services that reduce the impacts of global warming on the planet. To advance the effectiveness of its efforts, Honeywell at times works with various trade associations to achieve its goals. Following discussions with various stakeholders, Honeywell assessed all member trade associations with an annual membership dues of $50,000 or greater to review their published positions on sustainability and climate. Based upon this assessment, which we intend to conduct annually, this report documents the following critical information:

• • The positions each association currently takes related to climate change and energy usage

• • A comparison of any notable differences between the position Honeywell takes on the issue and the position of the association

• • A documentation of the governance model used by Honeywell to assess whether it should remain in these associations and if so, the proper role it should take in engaging with these organizations on climate policy.

The Report is divided into the following sections:

• • Honeywell's position on key elements of climate and energy policy

• • Honeywell's Global Government Relations team

• • Honeywell's view on the role of trade associations

• • Methodology for data gathering and analysis

• • Notable differences in Honeywell vs. association positions

• • Outcomes and Governance Model

This review was conducted by a collaboration of the Corporate Secretary's Office and the Government Relations team, with support from the Chief Sustainability Officer's team and the General Counsel for ESG.

This Report has been provided to Honeywell's Senior Leadership team, including its General Counsel and Chief Executive Officer.

The views expressed in this Report are those of Honeywell.

HONEYWELL'S POSITION ON KEY ELEMENTS OF CLIMATE AND ENERGY POLICY

Honeywell is committed to reaching carbon neutrality in its operations and facilities by 2035. Honeywell previously set a "10-10-10" target to reduce global Scope 1 and Scope 2 greenhouse gas emissions intensity by an additional 10% from 2018 levels, deploy at least 10 renewable energy opportunities, and achieve certification to ISO's 50001 Energy Management Standard at 10 facilities by 2024. The company's senior leadership, including the Chairman and CEO and Board of Directors, are engaged in the decision making regarding the company's climate efforts, and regularly provide oversight on climate risks. Honeywell has implemented more than 6,100 sustainability projects since 2010, saving an annualized $105 million in costs. The company also serves as a leader in the innovation of new products providing positive environmental outcomes - about 60% of Honeywell's 2021 new product introduction research and development investment was directed toward ESG-oriented outcomes, and more than 60% of its 2021 sales were from offerings that contribute to ESG-oriented outcomes1 .Honeywell has also taken steps to significantly reduce our scope 3 emissions by submitting a commitment to develop a science-based target extending to scope 3 emissions with Science Based Targets Initiative (SBTI).

Honeywell directly engages with policy makers to promote global policies for greater energy efficiency, clean energy generation, and energy savings performance contracts, as well as the global transition from high-Global Warming Potential HFCs to low-Global Warming Potential alternatives.

1 Methodology for identifying ESG-oriented solutions is available at investor.honeywell.com (see "ESG/ESG Information/Identification of ESG-Oriented Offerings").

HONEYWELL'S GLOBAL GOVERNMENT RELATIONS TEAM

We have developed a strong team of government relations professionals that drive our lobbying programs and initiatives. Our government relations organization is led by a Senior Vice President of Global Government Relations, who reports directly to the Company's Senior Vice President and General Counsel. Members of the government relations organization work from a global network of offices.

To ensure synergy of legislative and regulatory priorities with business objectives, our Government Relations organization is aligned with the corporation's business and regional leadership teams and is directly engaged in their core strategic processes. On an annual basis, the Government Relations team engages with the company's senior business leaders to review long-term strategic priorities, identify associated public policy risks and opportunities, and develop prioritized action plans. The Senior Vice President and General Counsel and Senior Vice President of Global Government Relations also meet at least quarterly with Honeywell's Chairman and CEO to ensure policy advocacy priorities align with Honeywell's overall business objectives, including climate and sustainability goals.

We are committed to responsibly engaging in the political process and fully complying with all applicable laws and regulations, our principles of good governance, and our high standards of ethical conduct.