Honeywell will work with SBTi, a partnership between CDP, the United Nations Global Compact,
Honeywell also announced that it has joined the
'Honeywell's enhanced sustainability commitments build on our two-decades-long program to reduce our greenhouse gas emissions. We have already reduced our intensity by more than 90 percent since 2004, and we are resolved to use the latest science and technology to continue to reduce our environmental impact,' said
In addition to addressing its own emissions, Honeywell is a leader in the innovation of new products that provide positive environmental, social and governance (ESG)-oriented outcomes for its customers1. 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 outcomes.
Honeywell takes a multi-faceted approach toward meeting its carbon neutrality commitments, including investing in energy savings projects, converting to renewable energy sources, executing capital improvement projects, and utilizing credible carbon offsets when necessary and permitted. The company uses its own technologies to achieve these goals wherever possible. The company is committed to addressing its Scope 3 indirect emissions in its value chain by continuing to focus on product innovation, adoption of Honeywell's climate solutions, which include targeted solutions for sectors responsible for two-thirds of the world's greenhouse gas emissions, and partnerships with industry leaders to identify and implement best practices.
Since 2004, Honeywell has continually set aggressive environmental targets and achieved them. In 2019, Honeywell 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. In 2021, the company committed to carbon neutrality in its facilities and operations by 2035. Honeywell has implemented more than 6,100 sustainability projects since 2010, saving an annualized
For more information about Honeywell's sustainability initiatives, visit our Website.
Honeywell (www.honeywell.com) is a Fortune 100 technology company that delivers industry-specific solutions that include aerospace products and services; control technologies for buildings and industry; and performance materials globally. Our technologies help aircraft, buildings, manufacturing plants, supply chains, and workers become more connected to make our world smarter, safer, and more sustainable. For more news and information on Honeywell, please visit www.honeywell.com/newsroom.
This release contains certain statements that may be deemed 'forward-looking statements' within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, that address activities, events or developments that we or our management intends, expects, projects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements are based upon certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this presentation are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, technological, and COVID-19 public health factors affecting our operations, markets, products, services and prices. Such forward-looking statements are not guarantees of future performance, and actual results, and other developments, including the potential impact of the COVID-19 pandemic, and business decisions may differ from those envisaged by such forward-looking statements. Any forward-looking plans described herein are not final and may be modified or abandoned at any time. We identify the principal risks and uncertainties that affect our performance in our Form 10-K and other filings with the
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