HONEYWELL INTERNATIONAL INC
For the period ended Apr 2, 2024. Filed Apr 2, 2024.
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Apr 2, 2024 · Filed Apr 2, 2024
Contents
Commitment to Sustainability
| Our people, our communities, and the environment | Sustainable growth and accelerated productivity | Technologies that expand the sustainable capacity of our world | |||
| WE PROTECT | WE ACHIEVE | WE DEVELOP |
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| PATH TO CARBON NEUTRALITY | •Committed to be carbon neutral in Honeywell's operations and facilities by 2035.(1)•Committed to a 50% reduction in our U.S. Scope 1 and 2 emissions by 2030 from a 2018 baseline in partnership with the U.S. Department of Energy's Better Climate Challenge.•Science-based target approved by the Science Based Targets initiative (SBTi) that includes Scope 3 emissions.•Committed to address Scope 3 indirect emissions, including through partnerships with industry leaders to identify and implement best practices.•Robust plans in place to meet commitments with a multifaceted approach, including energy savings projects, conversion to renewable energy sources, capital improvement projects, and the deployment of our own innovative “ready now” sustainable solutions. |
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| 10-10-10 GOALSBY 2024 | •Reduce global Scope 1 and 2 greenhouse gas emissions intensity by an additional 10% per dollar of sales from 2018 levels.•Deploy at least 10 renewable energy opportunities.•Achieve certification to ISO 50001 Energy Management Standard at 10 facilities.•Exceeded 10-10-10 commitments with >20% reduction(2) in Scope 1 and 2 greenhouse gas emissions intensity, 20 renewables, and 28 ISO 50001 certifications. |
| SUSTAINABLEOPERATIONS | •Over 90% reduction in Scope 1 and 2 greenhouse gas intensity since 2004.•Approximately 70% energy efficiency improvement since 2004.•More than 3,000 acres remediated and restored as valuable community assets.•170 million gallons of water saved in water-stressed regions since 2013 from 195 projects.•Safety record >4x better than the weighted average total case incident rate (TCIR) of the industries in which Honeywell operates.•6,500 sustainability projects since 2010, with more than $100 million in annualized savings. |
| ESG-ORIENTEDOFFERINGS | •Decades-long history of innovation to help customers meet their ESG-oriented goals.•~60% of 2023 new product research and development investment was directed toward ESG-oriented outcomes.(3)•>60% of 2023 sales were from offerings that contribute to ESG-oriented outcomes.(3)•Honeywell Environmental Sustainability Index (ESI) providing market insights and thought leadership. |
(1)Scope 1 and Scope 2.
(2)Subject to assurance.
(3)Methodology for identifying ESG-oriented solutions is available at investor.honeywell.com (see “ESG/ESG Information/Identification of ESG-Oriented Offerings”).
For more information about Honeywell's commitment to sustainability and community initiatives, please see our 2023 ESG Report at investor.honeywell.com (see “ESG/ESG Information”).
| 2024 NOTICE AND PROXY STATEMENT | | 9 |
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ESG-ORIENTED OFFERINGS
Honeywell is uniquely positioned to shape a safer and more sustainable future for both the Company and its customers. The Company continues to invent and develop technologies that provide customers with adaptable and efficient solutions for their ESG-oriented needs.
HONEYWELL’S NET ZERO ENABLERS SUPPORT A LOW-CARBON FUTURE
Low global warming potential molecules: Use of Honeywell Solstice® technology has helped avoid the potential release of the equivalent of more than 395 million metric tons of CO 2 e into the atmosphere.
Renewable fuels: Depending on the type of ethanol feedstock used, jet fuel produced from Honeywell's Ethanol to Jet Fuel (ETJ) process can reduce greenhouse gas (GHG) emissions by 80 percent on a total lifecycle basis, compared to petroleum-based jet fuel.
Carbon capture and storage: Current Honeywell customers have the capacity to capture 40 million metric tons of CO 2 per year through installed projects worldwide that utilize Honeywell CO 2 technology.(2)
(1)Methodology for identifying ESG-oriented solutions is available at investor.honeywell.com (see “ESG/ESG Information/Identification of ESG-Oriented Offerings”).
(2)Includes capacity of deployed Honeywell technology (membranes and chemical and physical solvents) in installed projects enabling CO 2 capture from gas streams.
| 10 | | 2024 NOTICE AND PROXY STATEMENT |
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