Press release
HONEYWELL'S QUARTERLY ENVIRONMENTAL SUSTAINABILITY INDEX REVEALS VAST MAJORITY OF GLOBAL COMPANIES SURVEYED ARE INCREASING INVESTMENT IN SUSTAINABILITY
86% of all responding organizations plan to increase their sustainability investments Budget increases planned in four key areas: energy evolution and
About this update from Honeywell International Inc.
[{"type":"text","content":"86% of all responding organizations plan to increase their sustainability investments Budget increases planned in four key areas: energy evolution and efficiency, emissions reduction, pollution prevention, and circularity/recyclingApproximately 80% of global Manufacturing and Energy companies say sustainability is their most important initiative for next six monthsCHARLOTTE, N.C., July 20, 2023 /PRNewswire/ -- A sizable majority of global companies surveyed are planning increased investments in support of their sustainability targets, despite economic uncertainty, according to the 3Q 2023 Environmental Sustainability Index, released by Honeywell (NASDAQ: HON) today in partnership with The Futurum Group.\n\n \n \n \n \n \n \n\n \nThe fourth edition of the quarterly index indicates that sustainability investment is growing and will continue to grow, thanks in part to the political and regulatory environment:\n86% of the 751 global companies surveyed indicated that they plan to increase their sustainability budgets7 in 10 surveyed companies said the political and regulatory environment has had a positive impact on their sustainability initiatives in the past 12 months74% of respondents said they were optimistic about attaining sustainability goals, particularly with respect to 2030 energy goals – a strong number but 3 percentage points lower than the last indexBudget increases are slated across four sustainability categories: energy evolution and efficiency, emissions reduction, pollution prevention, and circularity/recyclingImproving energy evolution and efficiency is the top sustainability commitment across all geographies, with 87% of respondents citing it as a prioritySome 25% and 20% of organizations in Latin America and Europe, the Middle East and Africa (EMEA), respectively, plan to boost their investment in energy evolution and efficiency by at least 50% in the coming 12 months – outpacing the budgetary commitments being made in North America and the Asia-PacificFor Manufacturing and Energy companies, sustainability has become their top priority, with roughly 8 in 10 organizations in both sectors citing sustainability goals as their most important initiative for the coming six months. These companies indicate that sustainability is far outpacing their other corporate priorities, including financial performance, market growt...