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【Chemical Machinery and Equipment Network Star Enterprise】Honeywell recently released the Environmental Sustainability Index (ESI).
The index is the first quarterly index
of key trends in global action to mitigate climate change and other sustainable development initiatives.
According to an August report by the Harvard Business Review, two-thirds of S&P 500 companies have set emissions reduction targets
.
The index is the first quarterly index
of key trends in global action to mitigate climate change and other sustainable development initiatives.
According to an August report by the Harvard Business Review, two-thirds of S&P 500 companies have set emissions reduction targets
.
In its first quarterly survey, the Honeywell Environmental Sustainability Index tracked sentiment data
on companies' priorities and approaches to environmental sustainability.
More than 600 business leaders from around the world who are involved in the sustainability process joined the survey
.
In the past 12 months, 90% of respondents generally positively believe that they have achieved satisfactory results overall, in the four categories of energy transformation and efficiency, emission reduction
, pollution prevention and recycling/recovery.
However, forward-looking forecasts show a lack of confidence overall, with only 67% of respondents optimistic
about achieving their targets for the next 12 months.
In addition, only 63% of respondents are optimistic about achieving their sustainability goals by 2030, the year when many sustainability commitments are met
.
on companies' priorities and approaches to environmental sustainability.
More than 600 business leaders from around the world who are involved in the sustainability process joined the survey
.
In the past 12 months, 90% of respondents generally positively believe that they have achieved satisfactory results overall, in the four categories of energy transformation and efficiency, emission reduction
, pollution prevention and recycling/recovery.
However, forward-looking forecasts show a lack of confidence overall, with only 67% of respondents optimistic
about achieving their targets for the next 12 months.
In addition, only 63% of respondents are optimistic about achieving their sustainability goals by 2030, the year when many sustainability commitments are met
.
"Honeywell is proud to serve
customers across a wide range of industries around the world.
In 2021, more than 60% of Honeywell's revenue came from businesses
that helped solve global environmental, social and governance (ESG) challenges.
Approximately 60% of the company's innovation and R&D is aimed at improving the ESG performance of its clients
.
This puts Honeywell in a position to help our customers and the world solve their toughest climate and environmental challenges, meeting their commitments on time or ahead of schedule
.
This strength also makes us an expert authority on sustainability trends and developments across the market, shared globally through the Honeywell Environmental Sustainability Index
.
"
customers across a wide range of industries around the world.
In 2021, more than 60% of Honeywell's revenue came from businesses
that helped solve global environmental, social and governance (ESG) challenges.
Approximately 60% of the company's innovation and R&D is aimed at improving the ESG performance of its clients
.
This puts Honeywell in a position to help our customers and the world solve their toughest climate and environmental challenges, meeting their commitments on time or ahead of schedule
.
This strength also makes us an expert authority on sustainability trends and developments across the market, shared globally through the Honeywell Environmental Sustainability Index
.
"
Highlights of the survey also included:
About 97% of companies plan to supplement their budget for the current year in at least one sustainability category; Nearly three-quarters of businesses plan to supplement their budgets for the year in all four categories; More than one third of organizations expect to increase their budgets
by more than 50 per cent in at least one category.
by more than 50 per cent in at least one category.
Respondents identified priorities, progress and optimism towards achieving the goals of the four sustainability categories of energy transformation and efficiency, emission reduction, pollution prevention and recycling/recovery
.
Driving energy change and efficiency is the top goal for businesses in all regions of the world, with 73 percent of respondents ranking it as the first or second priority
.
Circularity/recycling has the lowest priority, with only 28% of respondents placing it first or second
.
.
Driving energy change and efficiency is the top goal for businesses in all regions of the world, with 73 percent of respondents ranking it as the first or second priority
.
Circularity/recycling has the lowest priority, with only 28% of respondents placing it first or second
.
Across all four categories, 62 percent of respondents said they would achieve their sustainability goals
over the next 12 months, primarily by modifying or reducing operational processes or business practices.
In addition, only 16% of respondents said they would achieve near-term goals primarily through technology-driven change, such as upgrading or replacing
existing systems with newer, more efficient or more sustainable technologies.
over the next 12 months, primarily by modifying or reducing operational processes or business practices.
In addition, only 16% of respondents said they would achieve near-term goals primarily through technology-driven change, such as upgrading or replacing
existing systems with newer, more efficient or more sustainable technologies.
With environmental sustainability in the spotlight, we're excited about the opportunity to partner with global businesses like Honeywell to develop this data-driven index that will serve as a bellwether
for tracking sentiment, initiatives and intentions around the world to reduce their carbon footprint.
for tracking sentiment, initiatives and intentions around the world to reduce their carbon footprint.
Over the next decade, we expect sustainability to receive more policy support not only but also greater investment from companies, highlighting the importance of sustainability practices and becoming mandatory for consumers, investors and company boards around the world
.
.
——Daniel Newman
Futurum Research
Principal Analyst and Founding Partner
Energy change and efficiency are expected to be at the top of the agenda
for ESG-related managers.
This tends to be an area with the highest return on investment, as the higher the operational efficiency, the lower
the energy cost.
for ESG-related managers.
This tends to be an area with the highest return on investment, as the higher the operational efficiency, the lower
the energy cost.
When it comes to progress, the market is mainly divided into two scenarios
.
Some companies need help jump-starting their sustainability journey, while others that previously relied on process adjustments now need deep expertise to solve tougher problems
.
Regardless of the maturity of the company, only a technology-driven approach can truly seize sustainability opportunities and accelerate the process of
change.
.
Some companies need help jump-starting their sustainability journey, while others that previously relied on process adjustments now need deep expertise to solve tougher problems
.
Regardless of the maturity of the company, only a technology-driven approach can truly seize sustainability opportunities and accelerate the process of
change.
——Evan van Hook
Chief Sustainability Officer, Honeywell
In April 2021, Honeywell committed to achieving carbon neutrality across all of its operations and facilities by 2035
.
The company will take a package of initiatives to further its commitment to sustainable development, including increased investment in energy efficiency projects, the adoption of renewable energy, the completion of asset improvement projects for its business facilities and the company's vehicles, and the use of reliable carbon credits
.
Since 2004, the greenhouse gas emission intensity of the company's business operations and facilities has been reduced by more than
90%.
Honeywell has also committed to working with the Science Based Targets Initiative (SBTi) to develop science-based targets that include other indirect greenhouse gas emissions from the value chain, known as Scope 3 emissions
.
.
The company will take a package of initiatives to further its commitment to sustainable development, including increased investment in energy efficiency projects, the adoption of renewable energy, the completion of asset improvement projects for its business facilities and the company's vehicles, and the use of reliable carbon credits
.
Since 2004, the greenhouse gas emission intensity of the company's business operations and facilities has been reduced by more than
90%.
Honeywell has also committed to working with the Science Based Targets Initiative (SBTi) to develop science-based targets that include other indirect greenhouse gas emissions from the value chain, known as Scope 3 emissions
.
In China, Honeywell is also committed to its commitment to sustainability and contributes to China's sustainable development goals
of peaking carbon dioxide emissions before 2030 and achieving carbon neutrality before 2060.
For example, Honeywell's Suzhou facility has been selected as a Green Manufacturing Demonstration Company by the Ministry of Industry and Information Technology of the People's Republic of China
.
The company is currently progressing the "green factory" certification of several other factories in an orderly manner
.
Honeywell's core business aligns with the needs of the Chinese market, and the company works with local partners to drive sustainable development in many industries and help achieve a more low-carbon, efficient, safe and healthy sustainable future
.
of peaking carbon dioxide emissions before 2030 and achieving carbon neutrality before 2060.
For example, Honeywell's Suzhou facility has been selected as a Green Manufacturing Demonstration Company by the Ministry of Industry and Information Technology of the People's Republic of China
.
The company is currently progressing the "green factory" certification of several other factories in an orderly manner
.
Honeywell's core business aligns with the needs of the Chinese market, and the company works with local partners to drive sustainable development in many industries and help achieve a more low-carbon, efficient, safe and healthy sustainable future
.
Original: Honeywell releases its first quarterly environmental sustainability index
