Honeywell Int'l Inc. Sustainability Profile
Honeywell International Inc., commonly referred to as Honeywell, is a leading multinational conglomerate headquartered in the United States. Founded in 1906, the company has established a strong presence across various operational regions, including North America, Europe, and Asia. Honeywell operates primarily in the aerospace, building technologies, performance materials, and safety and productivity solutions industries. The company is renowned for its innovative core products and services, which include advanced aerospace systems, energy-efficient building solutions, and cutting-edge safety equipment. Honeywell's commitment to sustainability and technological advancement sets it apart in the market. With a rich history of key milestones, including significant acquisitions and product launches, Honeywell continues to maintain a strong market position, recognised for its contributions to enhancing operational efficiency and safety across diverse sectors.
DitchCarbon Score
How does Honeywell Int'l Inc.'s carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Electrical Machinery Manufacturing industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Honeywell Int'l Inc.'s score of 54 is higher than 70% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Honeywell Int'l Inc.'s reported carbon emissions
In 2023, Honeywell International Inc. reported total carbon emissions of approximately 690,042,000 kg CO2e for Scope 1, 69,534,000 kg CO2e for Scope 2 (market-based), and significant Scope 3 emissions, including 15,557,194,000 kg CO2e from purchased goods and services. The company has set ambitious climate commitments, aiming for carbon neutrality in its facilities and operations by 2035. Additionally, Honeywell has established science-based targets to reduce its absolute Scope 1 and 2 emissions by 50% and Scope 3 emissions by 23% by 2037, using 2019 as the baseline year. These targets align with industry standards for greenhouse gas reductions, reflecting Honeywell's commitment to sustainability and climate action. The company has also implemented a "10-10-10" initiative, targeting a 10% reduction in global greenhouse gas emissions indexed to revenue from 2018 levels by 2024, alongside deploying renewable energy opportunities and achieving ISO 50001 certification at multiple facilities. Overall, Honeywell's comprehensive approach to managing carbon emissions underscores its dedication to addressing climate change while maintaining operational efficiency.
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| 2018 | 2019 | 2021 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 1,479,148,000 | - | 0,000,000,000 | 000,000,000 |
| Scope 2 | 1,036,941,000 | - | 000,000,000 | 00,000,000 |
| Scope 3 | - | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
How Carbon Intensive is Honeywell Int'l Inc.'s Industry?
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Honeywell Int'l Inc.'s Scope 3 Categories Breakdown
Honeywell Int'l Inc.'s Scope 3 emissions, which increased by 1% last year and decreased by approximately 6% since 2019, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 91% of Scope 3 emissions.
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Honeywell Int'l Inc.'s Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Honeywell Int'l Inc. has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
Frequently Asked Questions
Common questions about Honeywell Int'l Inc.'s sustainability data and climate commitments