Commercial, Energy Efficiency, GHG Emissions - August 29, 2024
Resideo Technologies Sets 2035 Goals
Resideo Technologies Inc. — a global provider of home comfort, life safety and security solutions and distributor of commercial and residential security, safety, smart-living and audio-visual products — established a reduction target of 50% by 2035 for Scope 1 and 2 emissions.
For its EMEA facilities the company invested nearly $5 million in capital expenditures related to ESG, including CO2e reduction projects, reductions in electrical energy costs, improvements in grid dependency and the addition of smart energy meters in multiple facilities.
Details were released in its 2023 Environmental, Social and Governance (ESG) report, detailing its ESG progress and new climate commitments.
"After five years as a stand-alone company, we are learning more every day about what is necessary to succeed with our customers and in our key markets," said Jay Geldmacher, President and CEO, Resideo Technologies, in a statement. "At Resideo, we know sustainability is a process and 'It Starts with Us.' Each of our employees has a role to play in making our communities and our planet more resilient and sustainable. We must each take actions to make our business stronger and more sustainable."
Resideo's progress is underlined by its recent 10-point increase in its EcoVadis score. The company's current Silver Medal placing, awarded for the second time, puts it in the top 8% of its peer category across 21 sustainability criteria including environment, labor and human rights, ethics, and sustainable procurement.
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