Our solutions and technologies expand sustainable capacity and improve the efficiency of products and processes, fostering "Sustainable Opportunity." We design products that help conserve energy, reduce waste, and protect our homes and offices. We help other companies become more efficient and productive with our products and solutions. Our corporate-wide core processes identify and address risks and promote a culture of safety excellence.
With its roots partly in the chemical industry, Honeywell does have environmental remediation issues arising out of operations in the past, mostly in businesses Honeywell closed or sold years ago. We are responsibly addressing those issues.
Honeywell is committed to continuing to invent and manufacture innovative technologies that address tough challenges linked to global megatrends such as personal, commercial and homeland security; safety in the air and on the ground; and energy efficiency for factories, refineries, homes, buildings, cars and trucks.
Honeywell’s Environmental and Safety Goals
Greenhouse Gas and Energy Efficiency
In 2007, Honeywell established five-year greenhouse gas and energy efficiency objectives for our internal operations. Honeywell met these goals, reducing our greenhouse gas emissions by more than 30 percent, and increasing our energy efficiency by more than 20 percent, both measured from a 2004 baseline year. Annual goals will continue to reduce greenhouse gas emissions and increase energy efficiency.
Honeywell looks for ways to monetize its voluntary reductions in greenhouse gas emissions through trading opportunities. We seek and support opportunities to trade the credits earned for these reductions as a way to create more powerful incentives for future reductions across a range of industries and sectors globally. A more robust market for these credits could encourage additional reductions and speed progress on greenhouse gas reductions.
Honeywell is committed to integrity and compliance in everything that we do, which is set forth in our Code of Business Conduct. We also are dedicated to ensuring that our suppliers engage in sustainable health, safety, and fair business practices. As part of this commitment, Honeywell is launching an enhanced Supplier Code of Conduct, which will include a supplier reporting and audit and verification program.
Honeywell’s Vice President of Health, Safety, Environment and Remediation (HSER) has overall responsibility for the Sustainability program. A Corporate Energy & Sustainability Team, led by the Vice President of HSER and the Vice President of Global Real Estate, helps drive the company’s greenhouse gas and energy efficiency goals.
To reduce the impact of our operations, Honeywell reduced our hazardous waste generated per dollar of revenue by more than 15% between 2007 and 2012.
Honeywell has developed a global inventory of water usage in its manufacturing operations. Based on that, the company is developing conservation targets at our sites in areas that are experiencing “water stress” as defined by the World Resources Institute. Implementation of the conservation targets will begin in 2013.