GHG Emissions - April 9, 2021
Honeywell Targets Carbon Neutrality by 2035
Honeywell announced on April 8 its commitment to become carbon neutral in its operations and facilities by 2035. This target represents a continuation of the company’s sustainability efforts, which have already led to a reduction in GHG intensity from operations and facilities of more than 90%.
The Fortune 100 technology company intends to achieve this goal 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, according to a statement from the company.
The company's efforts will result in carbon-neutral operations and facilities as it relates to Scope 1 direct emissions and Scope 2 indirect emissions from electricity and steam. In addition, Honeywell will address Scope 3 indirect emissions in its 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.
"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."