Honeywell commits to carbon neutrality in its operations and facilities by 2035
US-headed industrial technologies, processes, and performance materials major, Honeywell International Inc (Honeywell) has announced commitments to become carbon neutral in its operations and facilities by 2035 through a combination of further investment in energy savings projects, conversion to renewable energy sources, completion of capital improvement projects at its sites and in its fleet of company vehicles, and utilization of credible carbon credits.
According to a statement, these initiatives represent a continuation of the company’s sustainability efforts since 2004, which have already driven a more than 90 percent reduction in the greenhouse gas (GHG) intensity of its operations and facilities.
Companies like Honeywell have a unique role to play in shaping a future that is safer and more sustainable for our children and our grandchildren, and that’s why I am pleased to commit to achieving carbon-neutral facilities and operations by 2035. Honeywell has a long history of improving our own environmental and sustainability profile while providing innovative products and services that improve our customers’ profiles as well. We will continue to invest in our plants and in new technologies that will reduce our carbon footprint and contribute significantly to global efforts to mitigate climate change, said Darius Adamczyk, Chairman, and CEO of Honeywell.
Honeywell’s carbon footprint reduction will continue to be driven through the company’s “rigorous, end-to-end business operating system”, and will be reported publicly and third-party verified pursuant to the Greenhouse Gas Protocol.
The company’s efforts will result in carbon-neutral operations and facilities as it relates to direct emissions (Scope 1) and indirect emissions from electricity and steam (Scope 2).
In addition, Honeywell has committed to addressing Scope 3 indirect emissions, which include emissions in the value chain, by enhancing its existing tracking system and partnering with industry leaders to identify and implement best practices while encouraging customers to adopt Honeywell’s climate solutions and products.
Build on existing track record
Honeywell has a long and successful track record of setting aggressive sustainability targets and exceeding them. In addition to significantly reducing its GHG intensity, Honeywell has implemented more than 5 700 sustainability projects since 2010, saving an annualized US$100 million in costs.
In 2019, it set a new “10-10-10” target to reduce global Scope 1 and Scope 2 GHG emissions intensity by an additional 10 percent from 2018 levels, deploy at least 10 renewable energy opportunities, and achieve certification to ISO’s 50001 Energy Management Standard at 10 facilities by 2024.
The company says that it is on track to meeting these commitments.
Honeywell’s commitment to carbon neutrality builds on the company’s decades-long history of innovation to help its customers meet their environmental and social goals. About half of Honeywell’s new product introduction research and development investment is directed toward products that improve environmental and social outcomes for customers.
An example highlighted by the company is the widespread adoption of Honeywell’s “Solstice” line of low-global-warming-potential (GWP) refrigerants, blowing agents, and aerosols that have already avoided discharge of the equivalent of more than 200 million tonnes of carbon dioxide (CO2) to the atmosphere.
The company also provides process technology to produce biofuels, energy savings performance contracts to deliver energy efficiency in buildings and campuses, and software that helps owners of buildings to conserve energy while improving occupant safety and comfort.
Honeywell continues to invest in other leading-edge sustainability technologies, including energy storage solutions such as flow batteries that allow surplus wind and solar power to be stored and used when needed, along with technologies to support the decarbonization of residential, commercial, and industrial energy by replacing natural gas with hydrogen.