- CEO and CSO stress 7-year countdown to cut the nearly 40% of
global emissions caused by the global building sector
- Company ahead of schedule on its net zero journey, already
reducing absolute emissions across operations by 42% since
2017
- Innovative technologies reduced customer emissions by 14%
since 2017
- Consistently ranked as a global leader for sustainability,
ethics, social impact and employee experience
CORK, Ireland, May 4, 2023 /PRNewswire/ -- Johnson Controls
(NYSE: JCI), a global leader for smart, healthy, and sustainable
buildings, today released its 2023 Sustainability Report,
marking milestones on the path to achieving net zero in
buildings around the world. Johnson Controls reports
accelerated progress both in its own sustainability journey and in
the reduction of customer emissions.
"Climate change is a key defining theme of this century. We have
seven years to cut global emissions nearly in half to reach net
zero by 2050 and limit global warming to 1.5 degrees Celsius. With
almost 40% of those emissions coming from buildings, the consensus
among global leaders is that there will be no net zero without
decarbonizing buildings," said George
Oliver, chairman and CEO of Johnson Controls. "The good news
is, we have the technology, financing, partnerships, and people to
turn buildings from one of the greatest challenges into one of the
biggest and quickest solutions toward net zero."
A 2022 International Energy Agency (IEA) emissions report showed
that 86% of emission reductions in Europe last year came from building
improvements. Heat pumps played a major role, with a 38% increase
in heat pump sales. Globally, the IEA says emissions were kept to
below a 1% rise, much lower than predicted, thanks in
significant measure to unprecedented growth in energy-efficient
equipment, heat pumps, renewable energy and electric
vehicles.
Johnson Controls is creating and deploying technology – the
smart building trifecta of energy-efficient equipment, clean
electrification and systemic digitalization – to accelerate its own
net zero journey. The company has already reduced absolute Scope 1
and 2 emissions by 42%, or more than 455,000 metric tons, on the
way to its 2030 Science Based Target initiative (SBTi) target of
55%. The company is ahead, too, on reducing absolute Scope 3
customer emissions, achieving a reduction of 14%, or more than 18
million metric tons, on the way to its 2030 SBTi target of 16%.
"To help lead the way to a net zero future, we have committed to
ambitious sustainability goals," said Katie
McGinty, vice president and chief sustainability and
external relations officer at Johnson Controls. "The numbers show
that our smart building technologies and as-a-service financing and
partnership models are having tremendous impact in cutting energy,
emissions, and cost in our own operations and for our customers. We
can accelerate climate progress and advance business objectives at
the same time – just in time for the action the planet needs
now!"
Driving climate progress is a significant factor in the
company's growth and vitality, and Johnson Controls continues to
innovate, investing 90% of R&D into new sustainability-related
technologies in fiscal year 2022. The company also is addressing
hard-to-abate steel production and embodied carbon. Over 70% of
Johnson Controls steel purchases in the
United States and 45% globally are from recycled scrap
materials, (Recycled steel has up to 80% less embodied carbon than
primary steel).
In addition, the company has stepped up to mobilize financing
and meet the capital constraints faced by so many companies today,
by introducing "Net Zero as a Service." This partnership model
delivers on key performance objectives for customers – from energy,
emissions, and cost reductions to healthy, smart workspaces –
without upfront capital costs. "Net Zero as a Service" redefines
risk by guaranteeing energy savings and paying project costs out of
the savings. Since January 2000,
Johnson Controls' innovative financing structures have helped
partners and customers avoid over 37 million metric tons of
emissions, and they are set to save partners over $7.8 billion in energy and operational costs over
their project terms.
For its ESG work with customers and in its own operations,
Johnson Controls has been ranked as one of the World's Most Ethical
Companies for 16 years. The company earned a platinum rating
from EcoVadis, a top ESG rating from Sustainalytics, and was
distinguished as a climate leader by the CDP, Corporate Knights,
and the Financial Times. The company received an AAA rating from
the MSCI and was named to the Clean200 for its high proportion of
sustainable revenues. Johnson Controls was honored as one of the
100 Best Corporate Citizens for the 17th year by 3BL, and was named
to Fortune's Change the World list.
Johnson Controls attributes its global sustainability leadership
to a 100,000-strong team, from the C-suite to the front line and
factories. Compensation for the executive committee is tied to
sustainability and diversity performance goals. Employees
volunteered over 45,800 hours in 2022, 86% of which
supported UN Sustainable Development Goals. The company is
also investing in the rising generation of diverse, sustainable
leaders through a wide range of scholarship, training, and
internship programs.
To read the full 2023 Sustainability Report, please visit:
https://www.johnsoncontrols.com/2023Sustainability
INVESTOR
CONTACT:
|
MEDIA
CONTACT:
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Jim Lucas
|
Olivia
Coker-Decker
|
Direct: +1 651 391
3182
|
Direct: +41 79 672 10
53
|
Email:
jim.lucas@jci.com
|
Email:
olivia.cokerdecker@jci.com
|
|
|
About Johnson Controls:
At Johnson Controls
(NYSE:JCI), we transform the environments where people live, work,
learn and play. As the global leader in smart, healthy and
sustainable buildings, our mission is to reimagine the performance
of buildings to serve people, places and the planet.
Building on a proud history of nearly 140 years of innovation,
we deliver the blueprint of the future for industries such as
healthcare, schools, data centers, airports, stadiums,
manufacturing and beyond through OpenBlue, our comprehensive
digital offering.
Today, with a global team of 100,000 experts in more than 150
countries, Johnson Controls offers the world`s largest portfolio of
building technology and software as well as service solutions from
some of the most trusted names in the industry.
Visit www.johnsoncontrols.com for more and follow @Johnson
Controls on social platforms.
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