Business
HONEYWELL LAUNCHES ENVIRONMENTAL SUSTAINABILITY INDEX SHOWING SUSTAINABILITY LEADERS' SENTIMENT ON PAST PROGRESS AND FUTURE EXPECTATIONS TOWARDS CORPORATE ENVIRONMENTAL GOALS
First multi-industry and multi-regional index points to corporate confidence about past progress, but less optimism about short- and long-term future
About this update from Honeywell International Inc.
[{"type":"text","content":"First multi-industry and multi-regional index points to corporate confidence about past progress, but less optimism about short- and long-term future goalsNearly nine out of ten organizations are planning to increase sustainability budgets for the coming twelve months Respondents reveal near-term climate efforts revolve around process and behavioral changes across the organization, with less emphasis on technological integrationsCHARLOTTE, N.C., Oct. 20, 2022 /PRNewswire/ -- Honeywell (NASDAQ: HON), a global leader in energy and climate transition solutions, today announced the launch of its Environmental Sustainability Index. The index is the first quarterly indicator of key trends pertaining to global efforts in climate change mitigation and other sustainability initiatives. Two-thirds of the S&P 500 have set emission reduction targets of some kind, according to an August report from Harvard Business Review.\n\n \n \n \n \n \n \n\n \nIn its first of a quarterly series, Honeywell's new index is tracking sentiment data on corporate climate priorities and approaches to environmental sustainability. The global study surveying over 600 business leaders who are involved in the sustainability process revealed that 90% of respondents are generally optimistic about overall success with prior twelve-month goals across sustainability categories including energy evolution and efficiency, emissions reduction, pollution prevention and circularity/recycling. However, forward-looking perceptions are less confident, with just 67% of respondents being optimistic about achieving goals for the coming twelve months. Additionally, only 63% are optimistic about achieving their goals by 2030, an anchor deadline year for numerous commitments.\n\"At Honeywell, we have the privilege of serving customers around the world in every sector and industry,\" said Darius Adamczyk, chairman and CEO of Honeywell. \"In 2021, over sixty percent of our annual revenue was from solutions that contribute to ESG-oriented outcomes, and approximately 60% of our R&D spend was directed towards ESG-oriented innovation.1 This gives us a unique position to help our customers and the world solve their biggest climate and environmental challenges, so that they can reach their targets by – or before – their committed deadlines. Our position also makes us an authority on monitorin...