Honeywell says it is committed to becoming 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. The initiatives represent a continuation of the company's sustainability efforts since 2004, which have driven a more than 90% reduction in the greenhouse gas intensity of its operations and facilities, according to the company.
"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," says 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 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"), according to Honeywell. In addition, Honeywell is 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 says it has implemented more than 5,700 sustainability projects since 2010, saving an annualized $100 million in costs. 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. The company is reportedly on track to meeting these commitments.
For more information, visit: www.honeywell.com
