PURPOSEFUL
GROWTH
POSITIVE
IMPACT
2025 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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chairman & CEO
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Executive
summary
HONEYWELL IMPACT
HIGHLIGHTS
2024-2025 SNAPSHOT
SUSTAINABILITY-ORIENTED¹
SOLUTIONS
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).
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
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:
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MSCI upgraded Honeywell’s rating to its highest ‘AAA’ level, in recognition of our strong corporate governance and business ethics practices, as well as our industry-leading clean technology initiatives
¹ As of December 31, 2023.
² 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”).
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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.
PLANET
Invested in utility scale solar project expected to reduce GHG by approximately 80,000 METRIC TONS per year
Validated SCIENCE-BASED TARGET with Science Based Targets initiative (SBTi)
6,800+ efficiency, emissions reduction, water and waste projects since 2010
Achieved ISO 50001 certifications at
28 FACILITIES
Invested more than $5 BILLION over the last 20 YEARS to remediate and restore approximately 3,100 ACRES to productive community use
>90% REDUCTION in Scope 1 and Scope 2 greenhouse gas intensity since 2004
Achieved 91% participation rate and more than 183,000 comments in annual Voice of Employee Survey (VOE)
In our 2025 university relations hiring cycle, nearly 80% of the interns that performed well will be rejoining Honeywell as returning interns or full-time employees
In 2024, more than 40,000 Futureshapers (75% of those with access) were active users in the Accelerator Learning Platform
Completed 55,000
volunteer hours in 2024
Distributed over $8.4 MILLION in relief assistance to employees since 2005
Recognized as a "BEST PLACE TO WORK FOR INTERNSHIPS" by U.S. News
More than 80% of all mid- and executive-level roles filled by internal employees in 2024
More than 52,000 INDIVIDUAL DEVELOPMENT PLANS (IDPs) approved for personalized employee development
PEOPLE
Real-Time Measurement
High Global Warming Potential (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
Leveraged more than 1,000 DATA POINTS to implement a Honeywell-specific suite of digital tools and processes to enable anti-corruption program
ACCESS Integrity Helpline offered 24-HOURS a day to all internal and external stakeholders¹
Developed detailed operational controls aligned to common risks and regulatory obligations in approximately 80 specific subject areas
Created a new TRUST CENTER addressing Privacy, Security and AI Governance
PRINCIPLES
Flight Efficiency²
Energy Optimization
Flight Management System²
Energy Storage System and Controls
Electric Vehicle Sensors
Electrification in Aerospace²
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 These product lines are included in the proposed spin-off of the Company's Advanced Materials business into Solstice Advanced Materials, a standalone, publicly traded company, the proposed separation of Automation and Aerospace Technologies, and the evaluation of strategic alternatives for the Productivity Solutions and Services and Warehouse and Workflow Solutions businesses.
³ Sale of the Personal Protective Equipment business closed May 2025.
Carbon Capture and Storage
Hydrogen
Renewable Fuels
Low Global Warming Potential Molecules²
Healthy Building Solutions
Personal Protection³
Warehouse Automation²
Enterprise Command and Control
Bio-Sourced Materials and Bio-Derived Plastics
Asset Life Extension
Plastics Recycling
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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.
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EXECUTIVE
SUMMARY
More than 52,000 INDIVIDUAL DEVELOPMENT PLANS (IDPs) approved for personalized employee development
In 2024, more than 40,000 Futureshapers (75% of those with access) were active users in the Accelerator Learning Platform
Leveraged more than 1,000 DATA POINTS to implement a Honeywell-specific suite of digital tools and processes to enable anti-corruption program
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OVERVIEW
VIDEO
>60% of 2024 new product research and development investment was directed toward sustainability-oriented outcomes²
>60% of 2024 sales were from offerings that contribute to sustainability-oriented outcomes²
>60% of 2024 new product research and development investment was directed toward sustainability-oriented outcomes²
>60% of 2024 sales were from offerings that contribute to sustainability-oriented outcomes²