Commercial, Energy Storage  -  August 16, 2021

Carrier Global Reduces Carbon Footprint, Ties Compensation to ESG Goals

Carrier Global Corporation announced Aug. 11 that it has reduced its customers' carbon footprint by 68 million metric tons in 2020.

The provider of sustainable and intelligent building and cold chain solutions released its 2021 ESG Report, detailing progress through investments in various energy efficiency projects. Carrier also made the decision in 2020 to begin tying its executives’ incentive compensation to its ESG goals, including diversity goals and strategic initiatives. The company previously announced a goal to reach carbon neutrality by 2030.

“The urgency of climate change requires us to be bold, to innovate and to disrupt – the future demands it. At Carrier, our focus on ESG is fundamental to our culture and our business, and we have an opportunity to make a profound impact on some of the most pressing environmental and social challenges of our time,” Dave Gitlin, chairman and CEO at Carrier, said in a statement. “Expanding on three decades of environmental targets, we're making meaningful progress against our 2030 goals around the areas of people, planet and our communities. Our goals are intentionally ambitious, because challenging ourselves to think bigger and be better is what we do every day.”