Honeywell is dedicated to protecting the environment with a comprehensive and contemporary commitment to address some of the world’s toughest challenges. This is one of the central tenets of how Honeywell does business throughout the world.
Greenhouse Gas and Energy Efficiency
By 2017, Honeywell will reduce greenhouse gas emissions by 15% per dollar of revenue from 2011 levels. This is in addition to our previous goal, which we exceeded, reducing global greenhouse gas emissions by more than 30% and improving energy efficiency by more than 20% between 2004 and 2011. Since 2010, more than 1,400 projects including building automation/controls, lighting, and mechanical upgrades have been implemented by our facilities.
Honeywell looks for ways to monetize its voluntary reductions in greenhouse gas emissions through trading opportunities. We seek and support opportunities to trade the credits earned for these reductions as a way to create more powerful incentives for future reductions across a range of industries and sectors globally. A more robust market for these credits could encourage additional reductions and speed progress on greenhouse gas reductions.
Honeywell is committed to integrity and compliance in everything that we do, which is set forth in our Code of Business Conduct. We also are dedicated to ensuring that our suppliers engage in sustainable health, safety, and fair business practices. As part of this commitment, Honeywell requires suppliers to comply with the Code.
Honeywell’s Vice President of Health, Safety, Environment, Product Stewardship and Sustainability (HSEPS) has overall responsibility for the Sustainability program. A Corporate Energy & Sustainability Team, led by the Vice President of HSEPS and the Vice President of Global Real Estate, helps drive the company’s greenhouse gas, energy efficiency, and safety goals.
Honeywell has developed a global inventory of water usage in its manufacturing operations. In 2013, the company implemented water conservation projects at sites that are significant water consumers in areas that are experiencing “water stress” as defined by the World Resources Institute. The company will implement additional water conservation projects in these areas in 2014.
Honeywell will maintain our company-wide global Total Case Incident Rate (the number of occupational injuries and illnesses per 100 employees) at less than half of the combined U.S. averages of the businesses in which we operate.