Energy Efficiency, GHG Emissions  -  April 13, 2022

Honeywell Sets Emission Scope Plans

Honeywell announced a new set of commitments that further advance its sustainability goals beyond the company's existing commitment to become carbon neutral in its facilities and operations by 2035.

The company expects to reduce its Scope 1 and 2 emissions in the U.S. by 50% and improve energy efficiency by an additional 10% by 2030 from a 2018 baseline. Honeywell will develop a plan with GHG emissions reduction milestones, share its progress and solutions with other organizations and report on its emissions data during the 10-year timeframe. Honeywell also joined the Department of Energy’s Better Building Climate Challenge.

Over the next two years, Honeywell will further quantify its Scope 3 emissions and work closely with SBTi to determine an appropriate reduction target for those emissions. Honeywell has already committed to carbon neutrality in Scope 1 and 2 emissions by 2035.

"Honeywell's enhanced sustainability commitments build on our two-decades-long program to reduce our greenhouse gas emissions. We have already reduced our intensity by more than 90 percent since 2004, and we are resolved to use the latest science and technology to continue to reduce our environmental impact," said Darius Adamczyk, chairman and chief executive officer of Honeywell in a statement.

The company is committed to addressing its Scope 3 indirect emissions in its value chain by continuing to focus on product innovation, adoption of Honeywell's climate solutions, which include targeted solutions for sectors responsible for two-thirds of the world's GHG emissions and partnerships with industry leaders to identify and implement best practices.

In 2021, the company committed to carbon neutrality in its facilities and operations by 2035. Honeywell has implemented more than 6,100 sustainability projects since 2010, saving an annualized $105 million in costs.