Foundation for the Future: 2023 Honeywell ESG Report

霍尼韦尔 's deep roots in solving the world’s most difficult environmental, social and governance (ESG) challenges stem from our team’s strong foundation as an industrial technology innovator and leader. But it’s not just about what we’ve done with our innovation. It’s about what we are doing now and what we will do next.

A Better Future for the Planet

Environmental sustainability remains a top priority, both in the solutions we provide to our customers and in our own operations. Honeywell is ready now to equip our customers with the innovative tools to fight the effects of climate change and become more sustainable. By continuing to spend approximately 60% of our research and development funding on ESG-oriented solutions[1], we’re introducing cutting-edge offerings for a vast number of global markets and industries and helping solve some of the world’s most complex challenges. Our innovative technologies – including renewable fuels, Solstice hydrofluoroolefin (HFO) with lower GHG emission for cooling applications, and Forge software solutions to reduce energy consumption in commercial buildings – are just a few premier examples of our significant contributions to environmental sustainability.

Simultaneously, we’re working diligently to ensure we operate more sustainably and achieve carbon neutrality in our operations and facilities by 2035. In 2022, we executed 240 projects that will address nearly 20% of our 2021 carbon footprint. We know that sustainability starts with us, and we’re dedicated to leading the way to carbon neutral.

A Better Future for Our People

Our leadership in ESG is only possible because of our team of Futureshapers, who show up every day focused on serving our customers and shareholders in their sustainability journeys. We remain deeply committed to talent development and succession planning to grow the next generation for our company and beyond.

Our caliber of leadership and innovation requires diverse perspectives, and Inclusion and Diversity is essential to our success. In 2022, we continued to make steady progress in representation, retention and recognition to continue forging new paths in this foundational principle.

Furthermore, Honeywell takes its role as a global corporate citizen very seriously. We leverage our resources and expertise to positively impact the communities where we work and live. Our corporate social responsibility pillars focus on STEM education, sustainability and empowering our employees to make an impact across the globe through meaningful projects.

A Better Future for Business

Honeywell is committed to doing business the right way, guided by our Code of Business Conduct. Integrity and ethics are the cornerstones of how we operate our company. We have high standards, and we’re proud of our Futureshapers who uphold them in every decision, every day. We will never lower our high standards on integrity and ethics. Our senior leadership team works in tandem with the Honeywell Board of Directors – who welcomed two new members in 2022 – enabling our company to maintain responsible reporting and operating practices.

As we all navigate the dynamic landscape of global challenges, Honeywell remains committed to building on our legacy of leadership in ESG. We hope you’ll enjoy this report commemorating our ESG accomplishments over the last year. The future is what we make it – and there is so much more to come.

Learn more at https://www.honeywell.com/us/en/company/esg-report

Vimal Kapur

Honeywell Chief Executive Officer

[1] Methodology for identifying ESG-oriented solutions is available at investor.honeywell.com (see “ESG/ESG Information/Identification of ESG-Oriented Offerings).