PURPOSEFUL
GROWTH
POSITIVE
IMPACT
2024 IMPACT REPORT
At Honeywell, we are innovating to solve the world’s toughest challenges. From our industrial roots, to becoming the premier software industrial, to leading in the energy transition, Honeywell’s ability to achieve ambitious, transformative objectives is rooted in our purposeful approach to making a difference.
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from our
chairman & CEO
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Executive
summary
HONEYWELL IMPACT HIGHLIGHTS
2023-2024 SNAPSHOT
SUSTAINABILITY-ORIENTED¹
SOLUTIONS
MEET FUTURESHAPER: Robby Kester
MEET FUTURESHAPER:
Cavene Vanhorne Robinson
MEET FUTURESHAPER: taylor Alberstadt
DELIVERS END-TO-END PATHWAY FOR EMISSIONS REDUCTIONS
Finding ways to reduce their environmental footprint and prepare for a carbon-neutral future are at or near the top of every industrial company’s to-do list. But choosing the most effective approach is nearly impossible without an end-to-end emission-management strategy that lets them measure, monitor and report and reduce greenhouse gas (GHG) emissions.
HONEYWELL DEFINES KEY PATHWAYS TO NET ZERO
Honeywell is ready now to deliver solutions to help drive the energy transition and decarbonization. We have unique expertise in essential technologies needed to create a net-zero economy, including refrigerants, renewable diesel and aviation fuels, hydrogen production and carbon capture, utilization and storage (CCUS).
MEET FUTURESHAPER: Nikki Mehta
MEET FUTURESHAPER: MOHAMMED RUSTOM
Electrification is a critical strategy for reducing GHG emissions and evolving to a net-zero world where electric transportation and renewable energy are the norms. Honeywell is playing a vital role in this energy transition with ready-now solutions for moreelectric aircraft, electric vehicles and advanced energy storage systems.
HONEYWELL SETS THE PACE FOR A MORE ELECTRIC FUTURE
MEET FUTURESHAPER: PRUDENCE HOFFMAN
Buildings differ in size, shape and purpose, but they all use energy and leave an environmental footprint. In fact, U.S. buildings account for about 70% of the country’s electricity use, 40% of total primary energy consumption and 30% of operational greenhouse gas emissions, according to the Environmental Protection Agency.
HONEYWELL HELPS DELIVER HEALTHIER AND MORE SUSTAINABLE BUILDINGS
Honeywell is a leader in the global crusade to decarbonize air transportation. Ready-now and emerging Honeywell solutions show promise for an industry whose environmental impact is likely to triple by 20501 unless it immediately changes course.
HONEYWELL SETS COURSE FOR A CLEANER FUTURE FOR AVIATION
HONEYWELL UPCYCLE PROCESS TECHNOLOGY DRIVES PLASTICS CIRCULARITY
Meet ESG Futureshaper:
jIA XU
>60% OF 2023 SALES
were from offerings that contribute to sustainability-oriented outcomes¹
~60% OF 2023 NEW PRODUCT RESEARCH AND DEVELOPMENT INVESTMENT
was directed toward sustainability-oriented outcomes¹
¹ Sustainability-oriented offerings are solutions that help improve safety, environmental impact, health, security, resilience and accountability. Methodology for identifying sustainability-oriented offerings is available at investor.honeywell.com (see “ESG/ESG Information/Identification of Sustainability-Oriented Offerings”). ² As of December 31, 2023.
Read more.
Read more.
Read more.
No one wants their plastic waste to end up in a landfill or the ocean, but conventional plastic recycling programs aren’t the answer either. Just 15% of the plastic waste generated today ends up being recycled and the plastic pollution problem will likely double by 2030 unless decisive action is taken soon.
Honeywell is a leader in the global crusade to decarbonize air transportation. Ready-now and emerging Honeywell solutions show promise for an industry whose environmental impact is likely to triple by 20501 unless it immediately changes course.
Meet Futureshapers
Robby is helping take action to detect and reduce potential methane and other gas leaks. Methane is more than 25 times as potent as carbon dioxide at warming the atmosphere, according to the Environmental Protection Agency. That makes continuous monitoring for methane leaks at industrial sites increasingly critical, and advancements like the ones Robby and his team bring to life are designed to help companies do that more effectively.
Mohammed is committed to working with customers to create a vision for the future and reduce their carbon footprint with our ready-now solutions.
Prudence wants her children and grandchildren to look at her career and be proud of the contributions she’s made. Her family inspired her to step away from a career in the petrochemical field and step into the world of renewable energy. At Honeywell, Prudence takes on the role of coach, mentor and leader as she supports the energy transition through Honeywell technologies.
Outdoor enthusiast. Climate change champion. Nikki saw the effects of climate change first hand after hiking one of Switzerland’s most legendary alpine destinations, Jungfraujoch, and a glacier in Iceland. Both of these challenging experiences inspired Nikki to make sustainability a core tenet in her life. At Honeywell, she’s developing software solutions to help customers assess, analyze and optimize their building carbon footprint. Much like climbing, she’s tackling sustainability challenges one step at a time.
Cavene is powering down harmful radiation in the aviation industry. A creative person at heart, Cavene grew up in Jamaica and used to make toys out of scraps and paper, and little else. This resourceful creativity led her to what she does today for Honeywell: redesigning and removing radioactive materials from aircraft. She and her team put in service the first high tension radiation-free exciter (the part that delivers high voltage to the igniter in an engine).
Taylor is leading the charge in creating a new market in advanced air mobility, where electric aircraft move people and goods faster, cheaper and with a fraction of their current energy consumption and emissions. His ultimate goal? Enabling a more efficient and sustainable world today and for future generations.
PLANET
SAVED 170M gallons of water in water-stressed regions through 195+ projects since 2013
Validated SCIENCE-BASED TARGET with Science Based Targets initiative (SBTi)
6,500+ sustainability projects since 2010
28 Honeywell locations globally certified for energy management efficiency with ISO 50001
More than 3,000 acres remediated and restored as valuable community assets
>90% REDUCTION in Scope 1 and Scope 2 greenhouse gas intensity since 2004
On track to help support the planting of 1 MILLION saplings in 10 cities by 2032 in partnership with
Give Me Trees Trust
Launched an INCLUSIVE LANGUAGE GUIDE, available to all employees to review
Futureshapers spent 151,000+ hours within the Accelerator Learning platform. 300,000+ Accelerator modules completed
Completed 35,000+
volunteer hours in 2023
Distributed over $7.7 MILLION in relief assistance to employees since 2005
Recognized as a "BEST PLACE TO WORK FOR DISABILITY INCLUSION" by Disability:IN
Offered 100+ jobs/internships to students through National Society of Black Engineers
Named NATIONAL PARTNER OF THE YEAR at the 49th National Society of Black Engineers Annual Convention
PEOPLE
Real-Time Measurement
High GWP Emissions Monitoring and Remediation
Smart Metering
Energy Performance Contract
Comprehensive integrity and compliance training made available in 20+ languages
100% of all eligible employees complete Code of Business Conduct training every year
Implemented a new RESPONSIBLE AI GOVERNANCE FRAMEWORK to support our deployment of AI responsibly and in compliance with applicable law and Company policy
18 U.S. manufacturing facilities hold the prestigious VPP STAR recognition
42% of the Board of Directors are ethnically or racially diverse and 33% are women²
Rated a CPA-Zicklin TRENDSETTER by the Center for Political Accountability
Implemented digital tools and processes with over 1,000 data elements to enhance our anti-corruption program
PRINCIPLES
Flight Efficiency
Energy Optimization
Flight Management System
Energy Storage System and Controls
Electric Vehicle Sensors
Electrification in Aerospace
¹ Sustainability-oriented offerings are solutions that help improve safety, environmental impact, health, security, resilience and accountability. Methodology for identifying sustainability-oriented offerings is available at investor.honeywell.com (see “ESG/ESG Information/Identification of Sustainability-Oriented Offerings”).
Carbon Capture and Storage
Hydrogen
Renewable Fuels
Low Global Warming Potential Molecules
Healthy Building Solutions
Personal Protection
Warehouse Automation
Enterprise Command and Control
Bio-Sourced Materials and Bio-Derived Plastics
Asset Life Extension
Plastics Recycling
Click Impact circles to learn more
HONEYWELL DELIVERS SOLUTIONS FOR PATHWAYS FOR EMISSIONS REDUCTIONS
Finding ways to reduce their environmental footprint and prepare for a carbon-neutral future is at or near the top of every industrial company’s to-do list. But choosing the most effective approach is nearly impossible without an end-to-end emission management strategy that lets them measure, monitor and report, and reduce greenhouse gas (GHG) emissions.
HONEYWELL HELPS DEFINE PATHWAYS TO NET ZERO
Honeywell can deliver solutions to help drive the energy transition and decarbonization. We have unique expertise in essential technologies needed to help on the journey to create a net-zero economy, including refrigerants, renewable diesel and aviation fuels, hydrogen production, and carbon capture, utilization and storage (CCUS).
HONEYWELL SETS THE PACE FOR A MORE ELECTRIC FUTURE
Electrification is a critical strategy for reducing GHG emissions and evolving to a net-zero world where electric transportation and renewable energy are the norms. Honeywell is playing a vital role in this energy transition with ready-now solutions for more-electric aircraft, electric vehicles and advanced energy storage systems.
HONEYWELL HELPS DELIVER HEALTHIER AND MORE SUSTAINABLE BUILDINGS
Buildings differ in size, shape and purpose, but they all use energy and they all leave an environmental footprint. In fact, building operations account for 30% of global final energy consumption and 26% of energy related emissions, according to the International Energy Agency.
HONEYWELL UPCYCLE PROCESS TECHNOLOGY ENABLES PLASTICS CIRCULARITY
No one wants their plastic waste to end up in a landfill or the ocean, but conventional plastic recycling programs aren’t the answer either. Just 15% of the plastic waste generated today ends up being recycled and the plastic pollution problem will likely double by 2030 unless decisive action is taken soon.
HONEYWELL SETS COURSE FOR A CLEANER FUTURE FOR AVIATION
Honeywell is a leader in the global crusade to decarbonize air transportation. Ready-now and emerging Honeywell solutions show promise for an industry whose environmental impact is likely to triple by 2050 unless it immediately changes course.
READ MORE
READ MORE
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READ MORE
READ MORE
READ MORE
MEASUREMENT AND REPORTING
ENERGY EFFICIENCY
ELECTRIFICATION
NET ZERO ENABLERS
HEALTH, SAFETY & SECURITY
CIRCULARITY
Honeywell’s deep roots in solving the world's most difficult environmental, social and governance (ESG) challenges stem from our team’s strong foundation as an industrial technology innovator and leader. But it’s not just about what we’ve done with our innovation. It’s about what we are doing now and what we will do next.
Read the
EXECUTIVE
SUMMARY
Named NATIONAL PARTNER OF THE YEAR at the 49th National Society of Black Engineers Annual Convention
Futureshapers spent 151,000+ hours within the Accelerator Learning platform. 300,000+ Accelerator modules completed
Implemented a new RESPONSIBLE AI GOVERNANCE FRAMEWORK to support our deployment of AI responsibly and in compliance with applicable law and Company policy
18 U.S. manufacturing facilities hold the prestigious VPP STAR recognition
ADDITIONAL RESOURCES
ADDITIONAL RESOURCES
ADDITIONAL RESOURCES
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OVERVIEW
VIDEO