Honeywell Pledges Carbon-Neutral Offices, Factories by 2035
By Maitane Sardon
Honeywell International Inc. said Thursday that it plans to step
up its efforts around sustainability and work to achieve carbon
neutrality across its business operations and facilities by
The Charlotte, N.C., industrial conglomerate joins other big
corporations such as Apple Inc., Microsoft Corp. and Salesforce.com
Inc. in embracing climate action. Global companies are spearheading
the shift toward cleaner energy, driven by falling renewables costs
and pressure from investors and consumers.
To cut emissions in offices and factories, Honeywell said it
would invest in energy-saving projects, purchase more renewable
electricity, shift toward cleaner vehicles and buy carbon credits.
Carbon credits allow the companies that purchase them to balance
out emissions they can't otherwise eliminate.
The company said it hasn't set a specific investment target for
its climate goals, but that it will make "the appropriate
investments in greenhouse-gas reductions going forward." It said
its investments in energy efficiency have helped it deliver cost
savings of more than $100 million a year since 2010.
The company, which produced more than 2 million metric tons of
carbon-dioxide equivalent in 2019 as a result of its activities,
didn't set a target for the emissions associated with the products
it sells and the companies in its supply chain.
It said it will work with suppliers to help them reduce their
environmental footprint and will design products that are more
energy efficient. In general, the biggest source of emissions for
companies are those associated with their products and suppliers
although some businesses find it challenging to accurately measure
these and monitor their progress. In the case of Honeywell, its
Chief Sustainability Officer Evan van Hook said the company makes
Honeywell said it would make the information on its progress
public and that its emissions reductions will be third-party
verified according to the Greenhouse Gas Protocol, a framework
companies use to measure and manage their carbon footprint.
Write to Maitane Sardon at email@example.com
(END) Dow Jones Newswires
April 08, 2021 09:08 ET (13:08 GMT)
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