Honeywell has committed to become carbon neutral in its operations and facilities by 2035 through a combination of further investment in energy savings projects, conversion to renewable energy sources, completion of capital improvement projects at its sites and in its fleet of company vehicles, and utilization of credible carbon credits.
“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,” said Darius Adamczyk, chairman and chief executive officer of Honeywell.
The company noted in a press release that since 2004, it has already driven a more than 90% reduction in the greenhouse gas intensity of its operations and facilities.
Several Middle Eastern countries have set ambitious renewable energy targets while also committing to reducing carbon emissions from the hydrocarbon industry. The Kingdom of Saudi Arabia recently announced The Saudi Green Initiative, a roadmap for the country and region to extend its environmental sustainability and stewardship. Similarly, The UAE Energy Strategy 2050 aims to increase the contribution of clean energy in the total energy mix from 25% to 50% by 2050 and reduce carbon footprint of power generation by 70%.
“Middle Eastern nations have invested in solutions that support long-term sustainability visions and goals,” said Norm Gilsdorf, president for Honeywell, High Growth Regions, Middle East, Russia, Turkey, Central Asia, Customs Union and ASEAN. “Honeywell actively collaborates with governments and organizations in the region to help them achieve their sustainability goals. Whether it is through developing machine learning technologies that continuously study building energy consumption patterns or supplying low-global-warming-potential refrigerant solutions to key commercial and industrial sectors, Honeywell remains committed to working with regional entities to drive future sustainability and efficiency.”
Honeywell’s reductions will be reported publicly and third-party verified pursuant to The Greenhouse Gas Protocol. The company’s efforts will result in carbon-neutral operations and facilities as it relates to direct emissions (“Scope 1”) and indirect emissions from electricity and steam (“Scope 2”). In addition, Honeywell has committed to addressing “Scope 3” indirect emissions, which include emissions in the value chain, by enhancing its existing tracking system and partnering with industry leaders to identify and implement best practices while encouraging customers to adopt Honeywell’s climate solutions and products.
In 2019, Honeywell set a “10-10-10” target to reduce global Scope 1 and Scope 2 greenhouse gas emissions intensity by an additional 10% from 2018 levels, deploy at least 10 renewable energy opportunities, and achieve certification to ISO’s 50001 Energy Management Standard at 10 facilities by 2024. The company is on track to meeting these commitments.
Honeywell also invests in other leading-edge sustainability technologies, including energy storage solutions such as flow batteries that allow surplus wind and solar power to be stored and used when needed, along with technologies to support the decarbonization of residential, commercial, and industrial energy by replacing natural gas with hydrogen.
