Reportedly, Honeywell (HON) is making a major climate pledge of becoming carbon neutral in its operations and facilities by 2035. To achieve the target, Honeywell plans to further invest in energy-saving projects, use more renewable energy sources, complete capital improvement projects, and utilize carbon credits.
Honeywell says the reductions in carbon will be reported publicly and will be third-party verified pursuant to The Greenhouse Gas Protocol. Honeywell informs that it has implemented more than 5,700 sustainability projects since 2010, saving it an annualized $100 million in costs.
“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,” stated Darius Adamczyk Honeywell Chairman and CEO.
Adamczyk added, “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”.
President Biden is seeking to develop carbon-free electricity by 2035. He is also looking forward to building the solar and wind infrastructure in the country to achieve net-zero emissions by 2050. Recently, Johnson Controls and 3M have also made significant commitments to addressing the issue of climate change in their businesses.
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