Honeywell Commits To Carbon Neutrality by 2035 (NYSE: HON)
Honeywell Commits To Carbon Neutrality In Its Operations And Facilities By 2035
The company has already reduced the greenhouse gas intensity of its operations and facilities by more than 90% since 2004.
Builds on the company's '10-10-10' commitment to reduce greenhouse gas emissions by 10% from 2018 levels, deploy at least 10 renewable energy opportunities and achieve ISO's 50001 Energy Management Standard at 10 facilities by 2024.
Honeywell will continue to support its customers' sustainability goals with innovative new products that reduce greenhouse gas emissions, save energy and support the adoption of renewable energy sources.
Honeywell (NYSE: HON) committed today to become carbon neutral in its operations and facilities by 2035 through a combination of further investment in energy savings projects, conversion to renewable energy sources, completion of capital improvement projects at its sites and in its fleet of company vehicles, and utilization of credible carbon credits. These initiatives represent a continuation of the company's sustainability efforts since 2004, which have already driven a more than 90% reduction in the greenhouse gas intensity of its operations and facilities.
"Companies like Honeywell have a unique role to play in shaping a future that is safer and more sustainable for our children and our grandchildren, and that's why I am pleased to commit to achieving carbon-neutral facilities and operations by 2035," said Darius Adamczyk, chairman and chief executive officer of Honeywell. "Honeywell has a long history of improving our own environmental and sustainability profile while providing innovative products and services that improve our customers' profiles as well. We will continue to invest in our plants and in new technologies that will reduce our carbon footprint and contribute significantly to global efforts to mitigate climate change."
Honeywell's carbon-footprint reduction will continue to be driven through the company's rigorous, end-to-end business operating system. Honeywell's reductions will be reported publicly and third-party verified pursuant to The Greenhouse Gas Protocol. The company's efforts will result in carbon-neutral operations and facilities as it relates to direct emissions ("Scope 1") and indirect emissions from electricity and steam ("Scope 2"). In addition, Honeywell has committed to addressing "Scope 3" indirect emissions, which include emissions in the value chain, by enhancing its existing tracking system and partnering with industry leaders to identify and implement best practices while encouraging customers to adopt Honeywell's climate solutions and products.
Honeywell has a long and successful track record of setting aggressive sustainability targets and exceeding them. In addition to significantly reducing its greenhouse gas intensity, Honeywell has implemented more than 5,700 sustainability projects since 2010, saving an annualized $100 million in costs.
In 2019, Honeywell set a new "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 is on track to meeting these commitments.
Honeywell's commitment to carbon neutrality builds on the company's decades-long history of innovation to help its customers meet their environmental and social goals. In fact, about half of Honeywell's new product introduction research and development investment is directed toward products that improve environmental and social outcomes for customers.
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.
Source: PR Newswire
Experian’s 2021 Disability Equality Index top score
The American Association of People with Disabilities (AAPD) and Disability has awarded Experian North America the title “Best Place to Work for Disability Inclusion” of 2021.
The association is the nation’s largest disability rights organisation, which works to advance the inclusion of people with disabilities.
Experian is a global information services company, which assists customers in their data management. With 17,800 employees operating across 44 countries, Experian is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index. Headquartered in California, USA, the company has a revenue of $5b.
Experian’s ongoing commitment to disability inclusion
People with disabilities represent over one billion people across the world, crossing the lines of age, ethnicity, gender, gender identity, race, sexual orientation, socioeconomic status and religion.
Experian North America earned a score of 90 out of 100 on the Disability Equality Index® (DEI), which is considered the world’s most comprehensive benchmarking tool to measure disability workplace inclusion.
The company has been applauded previously for its attitude to diversity and inclusion:
- For the third year in a row, Experian earned its recertification as one of Fortune’s 100 Best Companies to Work For
- Experian is among the top of Fortune’s Best Workplaces in Financial Services and Insurance
- The Human Rights Campaign Foundation gave Experian North America a perfect score in its Corporate Equality Index, also for the third year in a row
- Experian was also honored as a Comparably Top 50 company for Best Outlook 2021.
More inclusion to be done for those with disabilities in the world, says Experian
Staff at Experian are thrilled with the result, but understand that their inclusion journey is not over.
“I am thrilled Experian is being recognised for our ongoing efforts to improve disability inclusion for employees, in our technology and how we support our clients”, said Wil Lewis, Experian North America’s chief diversity, equity and inclusion officer. “We realise there is much more work for us to do, and to be done in the world, and we’re committed to continuing our focus on inclusion and belonging for all,”
"We are so pleased to partner with 319 companies this year on the Disability Equality Index”, said Jill Houghton, Disability:IN’s President and Chief Executive Officer. “Part of corporate commitment to disability inclusion is recognising your stance and using it as an 'aha moment' to drive the business investments needed to scale change. Inclusion and accessibility cuts across the enterprise, from cultural representation in the workforce, to technology acceleration, to incorporating supply chain diversity. These are tangible opportunities that leading companies can leverage to create sustainable impact for their business and brand."