FOUNDATIONFOR THE FUTURE
2023 Environmental, Social and Governance Report

FORWARD-LOOKING
STATEMENTS
This report contains certain statements that may be deemed “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historicalfact, that address activities, events or developments that we or our management intends, expects, projects, believes or anticipates will or may occur in the future are forward-looking statements. We use words such as aim,
anticipate, believe, commit, drive, estimate, ensure, expect, goal, intend, may, mission, plan, project, seek, strategy, strive, target, will and would or similar expressions to identify forward-looking statements. In particular,such statements may include but are not limited to: (1) statements which may relate to our purpose, ambitions, aims, commitments, targets, plans, and objectives, and sustainability goal progress; (2) environmental,
health, and safety (EHS) data as it relates to the environment, safety performance, management systems, implementation, and regulatory compliance, including data collection systems at applicable sites that track
and collect EHS data through the corporate-wide EHS reporting systems; (3) social data as it relates to employee metrics, social practices and community engagement programs derived from our various databases;(4) responsible sourcing of materials and the related responsible sourcing systems and data; and (5) statements about actions of suppliers and partners or our work with them. Such statements are based upon certain
assumptions and assessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditions, expected future developments and other factors
they believe to be appropriate. The forward-looking statements included in this report are also subject to a number of material risks and uncertainties that may cause actual results to differ materially.
Such risks and uncertainties include, but are not limited to, economic, competitive, governmental, technological, geopolitical and public health factors affecting our operations, markets, products, services and prices,
assumptions not being realized, scientific or technological developments, evolving sustainability strategies, changes in carbon markets, evolving government regulations, our expansion into new products, services,
technologies, and geographic regions, or other changes in circumstances, as well as those factors set forth in the “Risk Factors” section of our most recent Annual Report on Form 10-K and subsequent quarterly reports on
Form 10-Q filed with the U.S. Securities and Exchange Commission. Such forward-looking statements are not guarantees of future performance, and actual results, and other developments, and business decisions may
differ from those envisaged by such forward-looking statements. The information and opinions contained in this report are provided as of the date of this report and are subject to change without notice. We undertake no
obligation to update any forward-looking statements contained in this report as a result of new information or future events or developments.
This report represents our current policy and intent and is not intended to create legal rights or obligations. The standards of measurement and performance contained in this report are developing and based onassumptions, and no assurance can be given that any plan, initiative, projection, goal, commitment, expectation, or prospect set forth in this report can or will be achieved. This report may contain or incorporate byreference public information not separately reviewed, approved, or endorsed by us, and we make no representation, warranty, or undertaking as to the accuracy, reasonableness, or completeness of such information.
This report contains examples of savings and results achieved by us, our customers and our partners that may or may not be representative of what other companies could achieve in similar circumstances. Inclusion of
information in this report is not an indication that the subject or information is material to our business or operating results. “Material” for the purposes of this report should not be read as equating to any use of the word in
our other reporting or filings with the U.S. Securities and Exchange Commission. No part of this report or our website constitutes, or shall be taken to constitute, an invitation or inducement to invest in us or any other entity
and shall not be relied upon in any way in connection with any investment decisions.

Honeywell | Forward-Looking Statements | 2

Letter from our CEO

EMPOWERING PROGRESS
FOR A BETTER FUTURE
Honeywell’s deep roots in solving the world’s mostdifficult environmental, social and governance (ESG)
challenges stem from our team’s strong foundation
as an industrial technology innovator and leader.
But it’s not just about what we’ve done with ourinnovation. It’s about what we are doing now andwhat we will do next.

A BETTER FUTURE FOR THE PLANET
Environmental sustainability remains a top priority,
both in the solutions we provide to our customers
and in our own operations. Honeywell is ready
now to equip our customers with the innovative
tools to fight the effects of climate change andbecome more sustainable. By continuing tospend approximately 60% of our research anddevelopment funding on ESG-oriented solutions1,
we’re introducing cutting-edge offerings for avast number of global markets and industries andhelping solve some of the world’s most complex
challenges. Our innovative technologies – including
renewable fuels, Solstice hydrofluoroolefin (HFO)
with lower GHG emission for cooling applications,and Forge software solutions to reduce energy
consumption in commercial buildings – arejust a few premier examples of our significant
contributions to environmental sustainability.
Simultaneously, we’re working diligently to ensure
we operate more sustainably and achieve carbon

neutrality in our operations and facilities by 2035.
In 2022, we executed 240 projects that will address
nearly 20% of our 2021 carbon footprint. We knowthat sustainability starts with us, and we’re dedicatedto leading the way to carbon neutral.

A BETTER FUTURE FOR OUR PEOPLE
Our leadership in ESG is only possible because of
our team of Futureshapers, who show up every day
focused on serving our customers and shareholders
in their sustainability journeys. We remain deeplycommitted to talent development and succession
planning to grow the next generation for ourcompany and beyond.
Our caliber of leadership and innovation requires
diverse perspectives, and Inclusion and Diversity isessential to our success. In 2022, we continued tomake steady progress in representation, retention
and recognition to continue forging new paths inthis foundational principle.
Furthermore, Honeywell takes its role as a global
corporate citizen very seriously. We leverage ourresources and expertise to positively impact
the communities where we work and live. Our
corporate social responsibility pillars focus on
STEM education, sustainability and empowering
our employees to make an impact across the globe
through meaningful projects.

A BETTER FUTURE FOR BUSINESS
Honeywell is committed to doing business theright way, guided by our Code of Business Conduct.
Integrity and ethics are the cornerstones of how
we operate our company. We have high standards,
and we’re proud of our Futureshapers who upholdthem in every decision, every day. We will neverlower our high standards on integrity and ethics.
Our senior leadership team works in tandem with
the Honeywell Board of Directors – who welcomed
two new members in 2022 – enabling our company
to maintain responsible reporting and operating
practices.
As we all navigate the dynamic landscape of global
challenges, Honeywell remains committed tobuilding on our legacy of leadership in ESG.
We hope you’ll enjoy this report commemorating
our ESG accomplishments over the last year. The
future is what we make it – and there is so much
more to come.

VIMAL KAPUR
Chief Executive Officer
Methodology for identifying ESG-oriented solutions
is available at investor.honeywell.com (see “ESG/ESG
Information/Identification of ESG-Oriented Offerings).
1

Honeywell | Letter from CEO Vimal Kapur | 3

Letter from our Lead Director

ENDORSING PROGRESS
FOR A BETTER FUTURE
In 2022, the global macroeconomic environment continued to present opportunities to demonstrate Honeywell’s resilience and rigorous operating system
to maintain stellar results. Similarly, the company added another year of ESG leadership to its legacy.
I’m honored to serve as Honeywell’s Lead Director and continue to enjoy my time interacting with shareowners and facilitating an open dialogue. The Boardof Directors is responsible for overseeing and guiding Honeywell’s management team to ensure it operates in the best long-term interests of its shareholders.
We have a responsibility to actively consider and understand the perspectives of our shareholders and foster the core values that help make Honeywell a
globally renowned company.
The Corporate Governance and Responsibility Committee (CGRC) of the Board plays a key role in overseeing and providing guidance as Honeywell addresses
the dynamic ESG challenges of our world. The CGRC also focuses on ensuring that Board members exhibit the necessary leadership qualities, independence
and diverse range of backgrounds and perspectives to effectively support Honeywell’s long-term strategic vision and support a culture of high performance.
I trust that our 2023 Honeywell ESG Report will provide you with valuable insights into how our company is addressing the most significant business and
ESG issues of our time. This moment in history presents remarkable challenges and opportunities. I speak for the entire Board when I say we are optimistic
about Honeywell’s progress and continued leadership. This company is making the world a better place today and in the future, and I’m proud to watch what
we continue to do for generations to come.

D. SCOTT DAVISLead Director

Honeywell | Letter from Lead Director D. Scott Davis | 4

Ho

TABLE OF CONTENTS
HONEYWELL OVERVIEW

6SOCIAL

54

GOVERNANCE81

OUR FUTURESHAPERS55

INTEGRITY AND COMPLIANCE

83

ATTRACTING THE BEST TALENT

5684

DEVELOPING SKILLS ANDGROWING CAREERS57

FEATURE STORY: INTEGRITY ANDCOMPLIANCE THERE ARE NOSHORTCUTS

25

ENGAGING OUR FUTURESHAPERS

59

DATA PROTECTION AND CYBERSECURITY89

HONEYWELL ENVIRONMENTALSUSTAINABILITY INDEX EXPANDSSUSTAINABILITY LEADERSHIP

26

INCLUSION AND DIVERSITY:
A FOUNDATIONAL PRINCIPLE

61

BOARD OF DIRECTORS

9395

HEALTH, SAFETY AND THE
ENVIRONMENT27

FEATURE STORY: SANDRA BARBOSA,CHIEF INCLUSION & DIVERSITY OFFICERAT HONEYWELL

62

MAINTAINING EXPERTISE IN SUPPLYCHAIN MANAGEMENTA FIRM FOUNDATION OF PRODUCTSAFETY AND INTEGRITY

99

GOING THE DISTANCE WITHHEALTH AND SAFETY

32

I&D IN ACTION

64

101

THE ENVIRONMENT: PROTECTING
FUTURE GENERATIONS, NOW

35

FEATURE STORY: HOW TO FORGE YOUROWN CAREER PATH: WOMEN SHARE
THEIR EXPERIENCES

65

CHARTING A PATH FORWARD WITH
POLITICAL ACCOUNTABILITY

SASB/TCFD INFORMATION105

REVITALIZATION FOR A BETTER FUTURE:
ENVIRONMENTAL REMEDIATION

47

HONEYWELL EMPLOYEE NETWORKS

68

115

50

73

ESG DATAFEATURE STORY: HONEYWELL’S JESSICATELANO DEFINES ‘GREEN REMEDIATION’CORPORATE SOCIAL RESPONSIBILITY

74

PRODUCT STEWARDSHIP52

SHAPING THE NEXT GENERATIONOF INNOVATORSSUSTAINABILITY TAKES ROOT

76

VOLUNTEERING FOR THE
GREATER GOOD

77

FUTURESHAPERS MAKING AN IMPACT78

FEATURE STORY: BRIDGING THE DIGITALDIVIDE GAP, ONE LAPTOP AT A TIME80

ESG APPROACH

10

COMMITMENT TO ESG

12ENVIRONMENTAL

Honeywell | Table of Contents | 5

HOME

HONEYWELLOVERVIEWESG APPROACHCOMMITMENT
TO ESGHONEYWELLOVERVIEWENVIRONMENTAL

SOCIAL

GOVERNANCE

NASDAQ: HON | ~717 locations | ~97,000 employees
Charlotte, NC headquarters | Fortune 500 | 2022 Revenue: ~$35 B
SHAPING THE FUTURE ACROSS INDUSTRIESAEROSPACE
Our products are used on virtually every
commercial and defense aircraft platformworldwide and include aircraft propulsion,
cockpit systems, satellite communications
and auxiliary power systems.

HONEYWELL BUILDINGTECHNOLOGIESPERFORMANCE MATERIALS &TECHNOLOGIES

Commercial building owners andoperators use our hardware, software andanalytics to help create safe, efficient andproductive facilities. Our solutions andservices are used in more than 10 million
buildings worldwide.

We provide performance chemicals andmaterials, process technologies andautomation controls. By supporting
the global transition toward renewableenergy and low-carbon economy, we’re
accelerating a more sustainable future tohelp change the world.

SAFETY & PRODUCTIVITY SOLUTIONS
We develop and deploy an innovative
range of solutions, software and services
that help keep people healthy, workers andworkplaces safer and more productive, andsupply chains and assets more efficient,accurate and reliable.

HONEYWELL CONNECTED ENTERPRISE
Across our segments, we empower those who make, move and operate the world’s critical resources to grow responsibly​. HCE develops software that securely unites OT and IT data to make better
decisions and improve operational performance. Our flagship suite of applications, Honeywell Forge, unites real-time data across assets, people and processes to drive intelligent operations
growth, productivity and risk mitigation​.
Honeywell | Honeywell Overview | 6

HOME

HONEYWELLOVERVIEWESG APPROACHCOMMITMENT
TO ESGENVIRONMENTAL

SOCIAL

GOVERNANCE

HONEYWELL BEHAVIORSAND FOUNDATIONAL PRINCIPLES

Drive Accountability Culture

Be Courageous

Build Exceptional Talent

Win Together

Have fearless accountability forgetting results. Take ownership andsolve problems proactively. Caredeeply about Honeywell and customer
outcomes as individuals and as teams.
Do what you say you will do. Prioritize
and execute with discipline to drive a
performance culture. Demonstrate abias for action and speed.

Take bold action on what you believe
is right. Take on seemingly impossible
goals and work out of your comfort
zone. Iterate, test, try, take measured
risks. Own results even when outcome
is not as planned. Share and confront
problems openly and directly. Be
transparent and comfortable withbeing unpopular when required.

Recruit, retain, and develop highquality talent. Create a positive,
inclusive environment where people
are empowered to do their best work.
Seek, give, and accept feedback with
the intent of making everyone better.
Build robust succession plans. Set
high standards for yourself and others.
Lead by example.

Think ONE Honeywell bycollaborating across businesses,
geographies and functions as we arestronger together. Be a champion forour people, products, services, andsolutions and beat the competition.
Be authentic, confident, and humble.
Listen to others and be self-aware.
Believe we can change the world
together and create a better future forour communities. #Futureshaper

FOUNDATIONALPRINCIPLES

Innovate and Create Value for
Customers
See the world through the customer’seyes, internally and externally. Know
what customers need and what
creates value. Have a growth mindset
and a relentless passion for solving
tough problems. Deliver profitable
growth and an exceptional customer
experience through innovative
solutions. Innovate with agility andpurpose.

Embrace Transformation
Learn from and contribute to ourcollective knowledge. Embrace
digitalization to transform theway we work. Radically simplify thecomplex. Use standard processes
and systems to drive operational
excellence. Drive decisions basedon facts and data. Be curious andexplore new ways of doing things to
help share the best ideas.

INTEGRITY AND ETHICS

WORKPLACE RESPECTINCLUSION AND DIVERSITY

We do business the right way
or walk away.

We treat each other fairly
and with respect.

We value diversity ofthought and experiences.

Honeywell | Honeywell Overview | 7

HONEYWELLOVERVIEWHOMEESG APPROACHCOMMITMENT
TO ESGENVIRONMENTAL

SOCIAL

GOVERNANCE

HONEYWELL ACCELERATOROPERATING SYSTEM
How Businesses and Functions Work at Honeywell
WHAT’S IN ACCELERATOR?

FOUR BUSINESS MODELS
Projects

STRATEGY

Products/
ChannelBUSINESS PROCESSES

Creating Value for our Customer

FUNCTIONAL PROCESSES
Providing Consistent +Predictable Outcomes

LEARNING + DEVELOPMENT
Training the Futureshaper Team

HONEYWELL DIGITAL

Corporate, SBG, Function

After-market
Services
Software

GLOBAL DESIGN MODELS
MOS + Policy
Processes

Roles +
Responsibilities

Connection
to Digital

Metrics/KPIs

Maturity/
Sustainment

Connection
to People

FUNCTIONAL PROCESSES
CustomerExperience

Commercial
Processes

Innovation

Supply Chain

Quote-to-Cash

TalentManagement

ACCELERATOR HISTORY

Integrated
Business
Planning

2005-20162016-2022

2023+• Focused On Supply Chain• Enhanced, scope to improve ISC,
commercial processes• Adding end-to-end business model
standardization• Elevated customer experience• Extracting value from digital thread• Invested in Digital• M&A benefit from integration excellence

Delivered margin expansion and initial
digital trends

Accelerating profitable growth

Delivered improved productivity

Honeywell | Honeywell Overview | 8

HONEYWELLOVERVIEWHOMEESG APPROACHCOMMITMENT
TO ESGENVIRONMENTAL

SOCIAL

GOVERNANCE

RECOGNIZED FOR SHAPING A BETTER FUTURECORPORATE AWARDS 2022
Top 100
Diversity
Officers

Association to
Advance Collegiate
Schools of Business
Security Sales,
Influential Leaders

Ethisphere
World’s
Most EthicalCompanies

Fortune, World’s
Most Admired
Companies

Data
BreakthroughAward

Women’s Choice
Awards, Best
Companies to Workfor Millennials

Women’s Choice
Awards, Best
Companies toWork for Diversity

iF DesignAward

Red Dot Product
Design Award

Yello and WayUp,
Top 100 Internship
Programs

Corporate Awards
for Excellence inCorporate Social
Responsibility

Tech Ascension
Award (PMT)

Environment +Energy Leader

World
SustainabilityAwards (Highly
Commended)

World of
Safety and
Health Asia
AwardsRising Brandof Asia

Occupational
Health & Safety’s
Industrial
Hygiene Awards

U.S. Business inAfrica Awards

Green Quadrant– IoT Platforms
for Smart
Buildings

2022 IoT Productof the Year from IoT
Evolution WorldBest Overall BusinessTechnology Solution
and Best Emerging
Technology

Disability:In,
Employee Resource
Group Executive
Sponsor of the Year

Sustainability
Magazine Top
100 Women

Labrador, U.S.
Transparency Award

SIA Women
in Security
ForumPower 100

Occupational
Health and Safety’s
New Product of
the Year

National
SafetyCouncilawardsDOE Secretaryof Energy and
Deputy Secretary
Achievement Awards

Honeywell | Honeywell Overview | 9

HOME

HONEYWELLOVERVIEWOUR ESGAPPROACH
At Honeywell, we are innovating to solve the world’s toughest
ESG challenges. From our industrial roots, to becoming thepremier software industrial, to leading in the energy transition,
Honeywell’s ability to achieve ambitious, transformative
objectives is rooted in our strong ESG practices.

ESG PRIORITIES ASSESSMENTCOMMITMENT
TO ESG

ESG APPROACH

At Honeywell, we are committed to continuous evaluation andevolution of our ESG strategy, including identifying the ESG
areas that are most important to our business. In 2023, weused a third party to conduct a comprehensive ESG Priorities
Assessment. The purpose of this assessment was to understandthe perspectives and expectations of both internal and external
stakeholders. Through internal and external surveys, interviews
and comprehensive research, we analyzed the ESG topics
considered most relevant to Honeywell’s business by regulators,
investors, customers, employees and other key stakeholders.
In addition, our annual Enterprise Risk Management (ERM)
process specifically includes ESG topics, and input from thisprocess was considered in identifying priority ESG areas.

ENVIRONMENTAL

GOVERNANCE

Labor Practices &
Human Rights

Occupational
Health & Safety

Decarbonization &
Climate Strategy

Risk Management

Data Privacy &
Cybersecurity

CO2

HONEYWELL
ESG PRIORITY
TOPICS
Supply Chain
Management/Responsible Sourcing

Environmental
Impact ofProducts& Services$

Business Ethics& Integrity

Through this engagement, research andanalysis, we have identified priority topics thatwill continue to inform our ESG strategy:

SOCIAL

Human Capital
Management

Product Quality& Safety
Honeywell | ESG Approach | 10

HOME

HONEYWELLOVERVIEWESG APPROACH

HONEYWELL
ESG HIGHLIGHTSCOMMITMENT
TO ESGENVIRONMENTAL>60% OF 2022 SALES
were from offerings that contribute to
ESG-oriented outcomes1

was directed toward ESG-oriented outcomes1

Committed to achieving CARBON NEUTRALITY by 2035
26 Honeywell locations globally certified forenergy management efficiency with ISO 50001

Recognized as a “BEST PLACETO WORK FOR DISABILITYINCLUSION” by Disability:IN

Offered 80+ jobs/internships
to students through National
Society of Black Engineers

Distributed over $7.7
MILLION in relief assistanceto employees since 2004

19,000 promotions, lateralmoves, and progressions
in 202233% of Board committees are chaired by a woman
45% of the Board of Directors are ethnicallyor racially diverse and 36% are women
Rated a CPA-Zicklin TRENDSETTER by theCenter for Political Accountability

Launched the Honeywell ENVIRONMENTALSUSTAINABILITY INDEX (ESI)ENVIRONMENTAL

SOCIAL

GOVERNANCE

Comprehensive integrity and compliancetraining made available in 20+ languages$50 MILLION PER YEAR for carbon
neutrality projects
SAVED 165M gallons of water in water-stressedregions through 185+ projects since 2013
Validated SCIENCE-BASED TARGET with
Science Based Targets initiative (SBTi)
Methodology for identifying ESG-oriented solutions is available at investor.
honeywell.com (see ESG/ESG Information/Identification of ESG-Oriented Offerings)

Implemented digital tools and processes withover 1,000 data elements to enhance ouranti-corruption program
100% of all eligible employees complete
Code of Business Conduct training every year

6,300+ sustainability projects since 2010

1

GOVERNANCE~60% OF 2022 NEW PRODUCTRESEARCH AND DEVELOPMENTINVESTMENT

2022-2023 SNAPSHOT>90% REDUCTION in Scope 1 and Scope
2 greenhouse gas intensity since 2004

SOCIAL

Honeywell committed to
donating 13,000 laptops valued
at $5 MILLION
Launched ‘Plant the Trees’ witha goal to plant 1 MILLION
saplings in 10 cities by 2032

Honeywell Earthquake Relief
Fund donated over $320,000
for the 2023 Turkey-Syria
earthquake rescue efforts
Completed 21,000
volunteer hours in 2022

Honeywell investigates 100% of theallegations reported through ACCESS Integrity
Annual ON-SITE AUDITS of high-risk suppliers to ensurealignment with our Supplier Code of Business Conduct

Honeywell | ESG Approach | 11

HOME

HONEYWELLOVERVIEWCOMMITMENT
TO ESG

ESG APPROACHOUR COMMITMENT
TO ESG

Real-time Measurement

ENVIRONMENTAL

SOCIAL

GOVERNANCE

Cybersecurity
High GWP Emissions Monitoring and Remediation

Emission Monitoring

Smart Metering
Bio-Sourced Materials and Bio-Derived Plastics

Energy and Water Conservation; Facility Improvement
Energy Performance Contract
Energy Management Services

Asset Life Extension

Flight Efficiency
Energy Optimization
Predictive Maintenance

Plastics Recycling

HONEYWELL​
ESG-ORIENTED​SOLUTIONS​

Healthy Building Solutions

Flight Management System

Energy Storage System and Controls

Safety Assurance
Personal Protection

Electric Vehicles Sensors

Warehouse Automation
Command and Control

Methodology for identifying ESG-oriented solutions
is available at investor.honeywell.com (see ESG/ESG
Information/Identification of ESG-Oriented Offerings).

Electrification in Aero

Low Global Warming Potential Molecules
Renewable Fuels

Carbon Capture and Storage
Hydrogen
Honeywell | Commitment to ESG | 12

HOME

HONEYWELLOVERVIEWCOMMITMENT
TO ESG

ESG APPROACH

ENVIRONMENTAL

HONEYWELL DELIVERS SOLUTIONS FORPATHWAYS FOR EMISSIONS REDUCTIONS
Measurement and Reporting

Finding ways to reduce their environmental footprint andprepare for a carbon-neutral future is at or near the top of every
industrial company’s to-do list. But choosing the most effective
approach is nearly impossible without an end-to-end emission
management strategy that lets them measure, monitor andreport, and reduce greenhouse gas (GHG) emissions.
MEASURE
Companies cannot improve what they cannot measure. The
Honeywell Versatilis™ Signal Scout™ methane gas detector
is a wireless device that continuously detects and measures
greenhouse gases, including methane emissions. Signal Scout
quickly locates methane leaks, which can help create labor-

SOCIAL

GOVERNANCE

saving efficiencies in data collection and increases workforce
safety.
Honeywell also provides industrial organizations with intelligent
hyperspectral gas imaging systems that detect gas leaks andquickly provide information about the size, shape and directionof the gas plume. These systems include Honeywell Rebellion
gas cloud imaging (GCI) cameras, which capture infrared andvisible images to help operators monitor, quantify and display
explosive and toxic gas leaks as they happen.
Honeywell’s measurement technology integrates seamlessly
with Software-as-a-Service (SaaS) technology, such as
Honeywell Forge Sustainability+ for Industrials | Emissions
Management, for near real-time emissions reporting as aconsolidated system of record.

Honeywell Versatilis™
Honeywell | Commitment to ESG | 13

HOME

HONEYWELLOVERVIEWESG APPROACHMEET ESG FUTURESHAPER: ROBBY KESTER

Robby is helping take action to detect and reduce
potential methane and other gas leaks. Methane is morethan 25 times as potent as carbon dioxide at warming theatmosphere, according to the Environmental Protection
Agency. That makes continuous monitoring for methaneleaks at industrial sites increasingly critical, andadvancements like the ones Robby and his team bringto life are designed to help companies do that more
effectively.
Honeywell’s gas cloud imaging technology continuously
monitors, pinpoints gas leaks and alerts operators as they
happen. By visualizing the otherwise invisible gas cloud,operators can immediately analyze and take actions to stop theleak. In addition, by responding to a leak as soon as it occurs,
oil and gas companies can reduce harmful emissions from
polluting the environment.

COMMITMENT
TO ESGENVIRONMENTAL

SOCIAL

GOVERNANCE

MONITOR AND REPORT
Honeywell Forge Sustainability+ for Industrials | Emissions
Management is a SaaS offering designed to provide companies
with operational insight for Scope 1 and 2 emissions.

help organizations prioritize corrective actions that improvesite productivity and profitability, while reducing maintenancecosts. The Emissions 360 services program can also help withcompliance reporting and support leak management.

“Honeywell Forge Sustainability+ for Industrials | Emissions
Management presents a scalable solution to help ourcustomers meet important compliance, reliability andprofitability needs for driving energy transition and achieving
their carbon reduction goals,” said Kevin Dehoff, President andCEO, Honeywell Connected Enterprise. “Our new sustainability
solution eliminates the need for complex data collection andspreadsheets while offering an accurate, auditable and nearreal-time view of emissions at the site level and across theenterprise.”

Honeywell’s UniSim Design Suite gives companies the ability
to create digital twins to test the effect of process changes
on greenhouse gas emissions, train operators and optimize
performance. Digital twins allow companies to simulate“what if” scenarios to make predictions about their sites
or assets, optimize production, reduce costs and enhance
decision making. Explore other Honeywell reduction enabling
technologies.

Honeywell Forge Sustainability+ for Industrials | Emissions
Management seamlessly draws data from many sources likeedge monitoring devices, processing equipment and embedded
software. It turns raw data into actionable informationcompanies can use to develop emission-reduction strategies,
make operational decisions in near real time and autonomously
control processes to help the company meet its carbonreduction goals.
EMISSIONS REDUCTION ENABLING TECHNOLOGIESThe Emissions 360 services program by Honeywell is a tailored,
outcome-based program aimed at assisting customers address
their GHG emissions targets. This program offers enhanced
support for integrated plant assets and is designed to provide
the physical location, duration and size of GHG emissions to

Honeywell | Commitment to ESG | 14

HOME

HONEYWELLOVERVIEWESG APPROACHCOMMITMENT
TO ESGENVIRONMENTAL

HONEYWELL HELPS DEFINE PATHWAYS
TO NET ZERO
Net-Zero Enablers

Honeywell can deliver solutions to help drive the energy
transition and decarbonization. We have unique expertise in
essential technologies needed to help on the journey to createa net-zero economy, including refrigerants, renewable diesel
and aviation fuels, hydrogen production, and carbon capture,utilization and storage (CCUS).
SOLSTICE PRODUCTS HELP REDUCE CO2 EMISSIONS
Honeywell Solstice® technology helps deliver on pledges toreduce carbon emissions. Use of Honeywell Solstice products
has helped avoid the potential release of the equivalent of
more than 326 million metric tons of carbon dioxide into theatmosphere, comparable to the CO2 sequestered by 389 million
acres of U.S. forests for one year.1 The numbers keep rising
every day.
“Whether they are used to air condition cars, deliver medicine
via an inhaler, propel home or personal care products or produce
foam insulation, Solstice touches the lives of millions of people
every day,” says Jeff Dormo, President, Honeywell Advanced
Materials. “Honeywell has invested more than $1 billion in
research, development and new capacity for Solstice technology
over the last decade to create products that help customers
reduce their carbon footprint without sacrificing end-productperformance.”

SOCIAL

GOVERNANCE

hydrofluorocarbons (HFCs), which are being phased out
because they have very high global warming potential (GWP). In
fact, HFOs typically have GWPs that are more than 99% lower
than the equivalent HFCs.
RENEWABLE FUELS HELP DRIVE EFFORTS TO REACH
TO NET ZERO
Producing high-performance, low-emissions renewable diesel
and sustainable aviation fuel (SAF) is nothing new for Honeywell
UOP. We pioneered the UOP Ecofining™ technology morethan a decade ago to produce sustainable fuels from waste
feedstocks like inedible fats, oils and greases. Since then, we
have developed innovative new processes to expand options forrenewable fuel refiners and end users.
“Our latest Ecofining™ technology is a ready-now and efficient
way refiners can produce renewable diesel and SAF today. Bothfuels are nearly chemically identical to their petroleum-based
counterparts and are used as drop-in replacements without
modification to engines or fuel systems,” said Kevin O’Neil,
Senior Business Leader, Renewable Fuels. “Depending on thefeedstock used, diesel and SAF produced from the Ecofining™
process can reduce GHG emissions by 60 to 80 percent on a
total lifecycle basis, compared to petroleum-based fuels.”2
In addition to Ecofining™, Honeywell has introduced new
ethanol to jet (ETJ) and methanol to jet (MTJ) processes to
produce SAF from other readily available feedstocks. The ETJ
process uses corn-based cellulosic or sugar-based ethanol. Our
newest ready-now MTJ technology converts eMethanol to eSAF.

Solstice products use breakthrough hydrofluoroolefin (HFO)
technology, the most effective alternative to conventional
Honeywell | Commitment to ESG | 15

HOME

HONEYWELLOVERVIEWESG APPROACHCOMMITMENT
TO ESGENVIRONMENTAL

HONEYWELL SUPPORTS EVOLUTION OF
HYDROGEN ECONOMY
Honeywell UOP has more than 50 years of experiencedeveloping innovative hydrogen production and conversion,transmission and storage, and distribution and use
technologies. We are leaders in technologies that capture andsequester carbon dioxide from industrial processes to produce“blue” hydrogen.

“Honeywell UOP’s catalyst-coated membranes have beentested by leading electrolyzer manufacturers and confirmed todemonstrate 30% higher hydrogen production per unit area
than currently commercially available CCMs3” says Maya
Gomez, Senior Business Leader, Green Hydrogen CCM. In
certain instances, this enables a 29% reduction in the cost of
non-CCM stack components.

Of course, the ultimate goal is a hydrogen economy reliant on“green” hydrogen, which is made by electrolysis of water using
renewable sources like wind, solar and hydropower to generate
the required electricity. Honeywell is on the leading edge
there, too, with next-generation catalyst-coated membrane(CCM) technology that will help electrolyzer companies boost
efficiency, drive down costs and scale production to meet theworld’s growing demands for “green” hydrogen.

MEET ESG FUTURESHAPER: MOHAMMED RUSTOM

SOCIAL

GOVERNANCE

plants. The captured carbon dioxide can be injected and stored
underground, or it can be repurposed to produce eMethanol.
Carbon capture solutions from Honeywell UOP can help reduce
GHG emissions from hard-to-abate industries that struggle
to eliminate CO2 as a byproduct of their industrial processes.
CCUS may also provide a lower-cost solution compared to otherdecarbonization options to help meet government regulations
or ESG goals.
Honeywell developments in advanced solvent carbon capture(ASCC) technology are improving the efficiency of the CCS
process and enabling the use of smaller, less expensive
equipment. A typical coal-fired powerplant (650 MW capacity)
could capture about 3.4 million tons of CO2 per year using
Honeywell ASCC technology, which is equivalent to removing
735,000 cars from the road each year.

Mohammed is committed to working with customers
to create a vision for the future and reduce their carbon
footprint with our ready-now solutions.

HONEYWELL TAKES CCUS TECHNOLOGYTO NEW LEVELSThe CCUS process traps carbon dioxide emissions fromsources like coal-fired power plants, refineries, hydrogen andliquid natural gas plants, iron and steel mills, and cement

Today, 15 million tons per year of CO2 is being captured andused in storage/utilization applications through Honeywell’s
CO2 Solutions process expertise. Customers using Honeywelltechnology have the capacity to capture 40 million tons per year
through installed projects worldwide.4
Calculations are based on actual sales of Solstice products (in lbs) from Jan
2010 through Dec 2022, and utilize the EPA GHG equivalency calculator for
conversion.
2
Greenhouse gas emission savings calculations based on California Air
Resources Board methodologies.
3
Based on a PEM water electrolysis system using renewable power to produce
2,300 MT H2/y with 5,000 operating hours/y.
4
Includes capacity of deployed Honeywell technology (membranes andchemical & physical solvents) in installed projects enabling CO2 capture fromgas streams, of which 15 million tonnes of the captured CO2 is being utilized forenhanced oil recovery annually.
1

Honeywell | Commitment to ESG | 16

HOME

HONEYWELLOVERVIEWCOMMITMENT
TO ESG

ESG APPROACH

ENVIRONMENTAL

HONEYWELL SETS THE PACE FOR A MORE
ELECTRIC FUTURE
Electrification

Electrification is a critical strategy for reducing GHG emissions
and evolving to a net-zero world where electric transportation
and renewable energy are the norms. Honeywell is playing a vitalrole in this energy transition with ready-now solutions for moreelectric aircraft, electric vehicles and advanced energy storage
systems.

SOCIAL

GOVERNANCE(mVCS) to cool heat-generating components. The Micro VCS
is installed on the new fixed-wing Eviation Alice electric aircraft,
due for launch in 2027, and has been selected for Archer
Aviation’s Midnight electric vertical takeoff and landing (eVTOL)
aircraft.

MEET ESG FUTURESHAPER: PRUDENCE HOFFMAN

For example, Honeywell is working with several leading electric
aircraft developers on emission-free propulsion systems andan ultra-powerful turbogenerator that can recharge batteries topower electric motors in flight or on the ground.
Electric and hybrid aircraft need highly efficient thermal
management systems like our Micro Vapor Cycle System

Prudence wants her children and grandchildren to look at
her career and be proud of the contributions she’s made.
Her family inspired her to step away from a career in the
petrochemical field and step into the world of renewableenergy. At Honeywell, Prudence takes on the role ofcoach, mentor and leader as she supports the energy
transition through Honeywell technologies.

Honeywell Denso
Honeywell | Commitment to ESG | 17

HOME

HONEYWELLOVERVIEWESG APPROACH

HONEYWELL SENSORS AND SWITCHES DRIVE EVCAPABILITIESThe world’s roadways are also becoming more electric asfactors like environmental consciousness, higher fuel prices,
government incentives and battery and charging infrastructure
improvements drive up demand for electric vehicles. The
International Energy Agency projects electric cars could
account for 18% of total 2023 car sales1, shattering previous
sales records.
“Building on Honeywell’s decades-long legacy of sensing
and control innovations for the automotive industry, we havedeveloped a portfolio of sophisticated sensors and switches tomeet the specific needs of electric vehicle (EV) manufacturers,”
says Sarah Martin, President, Honeywell Sensing & Safety
Technologies. “Honeywell products help safety, performanceand reliability for all kinds of electric vehicles, from passenger
cars and pickups to heavy-duty trucks and offroad vehicles.”For example, Honeywell provides a broad array of sensors
for use in battery management systems, electric drive control,
energy storage systems and battery safety applications.
The sensors provide accurate data to the battery management
system to enable safer use of lithium ion batteries and extended
battery.
Honeywell sensors also provide early detection of thermal
runaway events to help protect drivers, passengers and vehicles
from battery overheating hazards. The battery safety aerosol
sensor looks for the presence of particulate matter and thebattery safety pressure sensor detects transient pressurechanges in the battery pack.

COMMITMENT
TO ESGENVIRONMENTALLEARN MORE ABOUT ELECTRIC VEHICLES:HONEYWELL STORES RENEWABLE ENERGYFOR FUTURE USE
Finding better ways to store energy generated by solar or wind
power until it’s needed is vital to the planet’s clean-energy
future. Honeywell energy storage solutions meet the needs ofutilities, independent power producers, and commercial andindustrial wind and solar operators for new and more capableenergy storage technologies.
“The sun doesn’t always shine, and the wind doesn’t always
blow, so if we really want to maximize renewable energy, we needto find ways to store that energy for future use,” said Prudence
Hoffman, Honeywell Director of Energy Storage Solutions.
“That’s why energy storage is the key enabling technology thatallows us to transition to renewable energy. Honeywell is at theforefront of this critical technology.”

SOCIAL

GOVERNANCE

We recently introduced Honeywell IonicTM to our leading
portfolio of energy storage solutions. It’s a compact, end-to-end
modular battery energy storage system (BESS), which uses
lithium-ion battery cells, and features a flexible design that will
help meeting users’ energy storage needs for many years tocome.

Honeywell Ionic includes the Experion® Energy Control System
and a chemistry-agnostic battery management system (BMS).
Experion helps to enable peak shaving and provide users withthe ability to create a virtual power plant.
Honeywell has years of experience in lithium-ion battery
manufacturing solutions. Our latest end-to-end integrated
manufacturing excellence solution brings together global
project expertise, proven execution methodologies, leading
automation technology and software solutions to help
gigafactories meet their production and sustainability
objectives.
https://www.iea.org/reports/global-ev-outlook-2023/executive-summary

1

Honeywell | Commitment to ESG | 18

HOME

HONEYWELLOVERVIEWESG APPROACHCOMMITMENT
TO ESGENVIRONMENTAL

HONEYWELL HELPS DELIVER HEALTHIERAND MORE SUSTAINABLE BUILDINGS
Energy Efficiency; Health, Safety and Security

SOCIAL

GOVERNANCE

provides easy-to-access performance indicators so users canunderstand the status of facilities, view occupant comfort levels,
identify poor performing assets and quickly uncover potential
problems within a single structure or a whole fleet of buildings.

Buildings differ in size, shape and purpose, but they all use
energy and they all leave an environmental footprint. In fact,building operations account for 30% of global final energy
consumption and 26% of energy related emissions, according
to the International Energy Agency.1

MEET ESG FUTURESHAPER: NIKKI MEHTA

Honeywell’s suite of solutions help building owners andoperators control critical health, safety and security factors toenable compliance with changing building standards, safety
guidelines, regulations and risk management policies. The
system is built to adjust to dynamic day-to-day variations andoccupant behavior.
“Honeywell can make a big impact with sustainable building
technologies that help to improve energy efficiency, reducecarbon emissions and make buildings more resilient – all while
creating a better occupant experience,” says Billal Hammoud,President and CEO, Honeywell Building Technologies.
“Honeywell Forge Performance+ For Buildings uses software,
hardware and services in a unique way to deliver key
outcomes to help building owners and operators achieve theirsustainability, operational efficiency, occupant experience,compliance, safety and security and resilience goals.”
For example, Honeywell Forge Performance+ for Buildings| Predictive Maintenance gives building managers acomprehensive view of building operations and the ability tomonitor, configure and control building assets remotely. It

Outdoor enthusiast. Climate change champion. Nikki
saw the effects of climate change firsthand after
hiking one of Switzerland’s most legendary alpine
destinations, Jungfraujoch, and a glacier in Iceland.
Both of these challenging experiences inspired Nikki tomake sustainability a core tenet in her life. At Honeywell,
she’s developing software solutions to help customers
assess, analyze and optimize their building carbon
footprint. Much like climbing, she’s tackling sustainability
challenges one step at a time.

Buildings - Energy System - IEA

1

Honeywell | Commitment to ESG | 19

HOME

HONEYWELLOVERVIEWESG APPROACHCOMMITMENT
TO ESGENVIRONMENTAL

SOCIAL

GOVERNANCE

Honeywell Forge Sustainability+ for Buildings | Carbon andEnergy Management is designed to help building owners andoperators to monitor, control and optimize building operations
while visualizing Scope 1 and Scope 2 emissions.
The Carbon and Energy Management was designed withbuilding occupants in mind. It uses sensor data and machinelearning algorithms to continuously monitor and adjustbuildings controls at a zone level. The solution connects toa building management system (BMS) and can work acrossdifferent assets, such as HVAC and lighting operations, to help
building owners optimize operations. It is designed to adjust the
setpoints in near real-time based on actual demand, occupancy,
time and weather to help determine an optimal energy savings
strategy without impacting the comfort or safety of the building
occupants.
The findings of Honeywell’s third annual Healthy Buildings
Survey helped shed even more light on the impact of buildings
on both occupant well-being and the planet. According to
the survey, more than nine in ten respondents (91%) would
forgo job perks if the cost were reinvested in reducing theirworkplace’s environmental impact.
CHARLOTTE HQ IS A PROVING GROUND FOR
HONEYWELL FORGE“The new Honeywell headquarters building in Charlotte,
N.C., is a place where talented and engaged Futureshapers
can do great work and solve big problems in a building as
smart, innovative and efficient as they are,” said Brian Norris,
Honeywell Director of Integrated Facilities Management for
North and South America. “We also use the building as aproving ground to develop, validate and demonstrate advanced
building technologies like Honeywell Forge Performance+ for
Buildings.”

Norris said. “There has been enormous interest from othercompanies and the global building community. We’re delighted
to share our experiences and lessons learned.”

Construction began on the new building in 2019 and the firstgroup of employees walked through the doors of the 23-story,
313,000-square-foot facility in August 2021. About 1,300
employees are based there today, with most working hybrid
schedules with three days per week in the office.

In September 2022, the building received the coveted
Leadership in Energy and Environmental Design (LEED) Goldcertification from the U.S. Green Buildings Council (USGBC).
The USGBC cited the building’s energy performance, indoor
environmental quality, low-emitting construction materials,
interior lighting and effective use of daylight, and the applicationof innovative technologies such as Honeywell Forge.

“Thousands of visitors have toured the facility in the last two
years to see our approach to improving efficiency firsthand,”Honeywell | Commitment to ESG | 20

HOME

HONEYWELLOVERVIEWESG APPROACHCOMMITMENT
TO ESGENVIRONMENTAL

HONEYWELL SETS COURSE FOR A CLEANER
FUTURE FOR AVIATION
Net-Zero Enablers; Energy Efficiency;
Electrification

Honeywell is a leader in the global crusade to decarbonize airtransportation. Ready-now and emerging Honeywell solutions
show promise for an industry whose environmental impact islikely to triple by 20501 unless it immediately changes course.
We offer proven processes for sustainable aviation fuel (SAF)
production, advanced software that can enable real-time fuelsaving decisions and electric and hybrid power systems that
foreshadow the cleaner future of flight.
UNLOCKING THE PROMISE OF SUSTAINABLE
AVIATION FUEL
Airlines are counting on SAF to reach net zero by 20502, whichmeans refiners need to scale SAF production. Honeywell has
the know-how to help make this happen.

SOCIAL

GOVERNANCE

Honeywell also introduced a ready-now methanol to jet (MTJ)
fuel-processing technology to convert eMethanol to eSAF
reliably and at scale.
The MTJ eFining™ process uses carbon dioxide (CO2) recoveredfrom industrial processes and produces SAF that will reduce
GHG emissions by as much as 88%3 compared to conventional
jet fuel.
“Creating technologies that use new feedstocks is vital tolong-term decarbonization of the aviation sector,” said Lucian
Boldea, President and CEO of Honeywell Performance Materials
and Technologies. “The ability to use readily abundant CO2 to
produce SAF is a transformational opportunity for this market.
Adding UOP eFining to our existing Ecofining and ethanol-to-jet
technologies provides multiple routes to meet the rapidly
growing demand for SAF.”

Refiners have been using the groundbreaking Honeywell MTJ
UOP Ecofining™ process to produce SAF from inedible fats,oils and greases for more than a decade. Honeywell recently
launched two breakthrough processes to produce SAF fromethanol and methanol, which are readily available feedstocks.
Depending on the type of ethanol feedstock used, jet fuelproduced from Honeywell’s new Ethanol to Jet Fuel (ETJ)
process can reduce greenhouse gas (GHG) emissions by 80%
on a total lifecycle basis, compared to petroleum-based jet fuel.

Honeywell | Commitment to ESG | 21

HOME

HONEYWELLOVERVIEWESG APPROACHCOMMITMENT
TO ESGENVIRONMENTAL

SOCIAL

GOVERNANCE

MEET ESG FUTURESHAPER: CAVENE VANHORNE
ROBINSON

Cavene is powering down harmful radiation in theaviation industry. A creative person at heart, Cavene grew
up in Jamaica and used to make toys out of scraps andpaper, and little else. This resourceful creativity led her
to what she does today for Honeywell: redesigning andremoving radioactive materials from aircraft. Just thisyear, she and her team put in service the first high tension
radiation-free exciter (the part that delivers high voltage
to the igniter in an engine).

TURNING DATA INTO MORE EFFICIENT FLIGHT
Many factors affect airline fuel efficiency and GHG emissions.
These include the size and configuration of the aircraft, theage and efficiency of its engines and auxiliary power units,

the number of people on board, the aircraft’s gross weight,
the amount of fuel it is carrying and flying conditions like windspeed and air temperature.
Honeywell Flight Efficiency is designed to use deep data
analytics to equip airlines and flight crews with actionableinsights they can use to help reduce fuel consumption and cut
carbon emissions.
“Honeywell Flight Efficiency has been a leading force inrealizing the full potential of data analytics in airline operations,”
said Boris Bliznakov, Global Product Leader for Honeywell Flight

Efficiency. “We’ve driven the evolution from reporting softwarethat describes what happened, to predictive software that
anticipates what may happen, to prescriptive software that tells
airlines what will happen and – more importantly – what they
can do about it.”With this information, airlines can make informed decisions
about fuel loading, taxiing and flight procedures, and gauge
the impact of decisions affecting fuel economy on other airline
priorities like on-time performance.

Honeywell | Commitment to ESG | 22

HOME

HONEYWELLOVERVIEWESG APPROACHMEET ESG FUTURESHAPER: TAYLOR ALBERSTADTCOMMITMENT
TO ESGENVIRONMENTAL

efficient, quieter, safer and with fewer emissions than aircrafts
relying only on conventional engines and fossil fuels.”

SOCIAL

GOVERNANCE

MEET ESG FUTURESHAPER: JOSE ANAYA LOPEZ

Honeywell’s unique background in aircraft electrification,
propulsion and power systems has made the company an
attractive partner for established aerospace companies andstartups developing electric aircraft, including the AAM airtaxies that will enter service by the middle of the decade.
For example, Honeywell is working with DENSO, a leading
global supplier of automotive mobility systems, to develop asmall but powerful electric motor for the Lilium Jet, the world’s
first electric vertical takeoff and landing (eVTOL) jet. Weighing
less than ten pounds, the e-motor has an output of 130kW
peak power.
Taylor is leading the charge in creating a new market inadvanced air mobility, where electric aircraft move people
and goods faster, cheaper and with a fraction of theircurrent energy consumption and emissions. His ultimate
goal? Enabling a more efficient and sustainable world
today and for future generations.

The future of transport for people and goods is urban
aerial mobility (UAM) and unmanned aircraft systems(UAS). José is developing solutions that may well impact
your daily commute, as well as how you receive goods.
These aircraft will reduce air pollution generated bytraffic congestion and reduce travel time. José is helping
bring Honeywell’s legacy of aerospace leadership to yourdoorstep.

MEETING THE FUTURE OF MORE-ELECTRIC AIRCRAFT
The age of aircraft electrification is upon us, according to Dave
Marinick, President of Honeywell Engines and Power Systems.
“The future of aviation is much more electric,” he said.
“Advanced Air Mobility (AAM) platforms, other small passenger
and cargo aircraft and – eventually – larger commercial
planes are all good candidates for electric and hybrid-electric
propulsion and power systems. These aircrafts will be more

Reducing Carbon Dioxide Emissions from Aircraft - Center for Climate andEnergy Solutions Center for Climate and Energy Solutions (c2es.org)
2
IATA - Sustainable Aviation Fuel (SAF)
3
Reduced GHG emissions is based on UOP carbon intensity analysis, derived
from a 3rd-party study of methanol production from green hydrogen and CO2
captured from biomass processing, in comparison to fossil fuels.
1

Honeywell Advanced Air Mobility
Honeywell | Commitment to ESG | 23

HOME

HONEYWELLOVERVIEWCOMMITMENT
TO ESG

ESG APPROACH

ENVIRONMENTAL

SOCIAL

GOVERNANCE

HONEYWELL UPCYCLE PROCESSTECHNOLOGY ENABLES PLASTICSCIRCULARITY

feedstock that can be used to create new plastics. The planned
advanced recycling plant is expected to have the capacity totransform 30,000 metric tons of mixed waste plastics into
Honeywell Recycled Polymer Feedstock per year.

No one wants their plastic waste to end up in a landfill or theocean, but conventional plastic recycling programs aren’t theanswer either. Just 15% of the plastic waste generated today
ends up being recycled1 and the plastic pollution problem will
likely double by 20302 unless decisive action is taken soon.

Recently, Honeywell signed an agreement with Biotrend
Energy, which will use UpCycle Process Technology in a newcommercialized advanced processing facility in Turkey. The
plant will have the capacity to transform 60,000 metric tons of
mixed plastics waste into recycled polymer feedstock annually.
Other UpCycle Process Technology projects are underway in the
U.S., Europe, Middle East, Asia and China.

Circularity

When used in conjunction with other chemical and mechanicalrecycling processes – along with improvements to collection
and sorting – Honeywell’s ready-now UpCycle Process
Technology has the potential to help recycle nearly 90% of
waste plastics3. This would represent a considerable increasein the amount of waste plastics that can be turned intopolymer feedstock.
“We are collaborating with companies that have recycling andwaste management experience to help close the loop within
the plastics supply chain by converting mixed waste plastics
into recycled polymer feedstock,” said Marc Yagoub, Global
Business Director for Plastics Circularity. “The UpCycle Process
Technology expands the types of plastics that can be recycled
to include waste plastic that would otherwise go unrecycled,
enabling Honeywell to play a key role in driving a circular
plastics economy.”

When the UpCycle Process Technology processes waste plastic
into circular plastic feedstock, it can achieve an 80% reduction
in carbon emissions if the plant is supplied with 100%
renewable electricity. 4,5

According to AMI International- The Global Mechanical Recycling Industry
2020.
2
Plastic pollution on course to double by 2030 | UN News3
1. Assuming sorting and collection improves to recover most waste plastic,
and chemical recycling, including Honeywell UOP UpCycle Process, is widely
deployed. The 90 percent of waste plastics that could be recycled may change
depending on the number of consumers or communities that have access torecycle waste plastics or the availability of recycle facilities. 2. Honeywell UOP
analysis of US EPA Advancing Sustainable Materials Management: Facts andFigures 2018 and IHSMarkit 2019 world polymer consumption data.
4
ISO compliant LCA report critically reviewed by independent 3rd party experts.
5
Study completed for the USA, waste perspective case, 17% incineration, 83%
landfill.
1

For example, Honeywell’s agreement with C-Pure will helptransform end-of-life plastic waste into recycled polymer

Honeywell | Commitment to ESG | 24

HOME

HONEYWELLOVERVIEWESG APPROACHCOMMITMENT
TO ESGENVIRONMENTAL

SOCIAL

GOVERNANCEENVIRONMENTAL

Honeywell | Environmental | 25

HOME

HONEYWELLOVERVIEWESG APPROACH

HONEYWELLENVIRONMENTALSUSTAINABILITYINDEX EXPANDSSUSTAINABILITY
LEADERSHIP
Honeywell has a legacy of ESG leadership both in our own
operations and in the innovative solutions we provide tocustomers. The company is continuously striving to be among
the most efficient and environmentally effective on earth.
To this end, we launched the Honeywell Environmental
Sustainability Index (ESI) in 2022. The ESI informs investors
and the C-suite on sustainability leaders’ sentiment ofcompanies’ current progress and future plans related toclimate change mitigation goals. It tracks how they areprioritizing their sustainability projects and where they are
investing their resources. The index provides data acrossfour different sustainability categories: Energy Evolution andEfficiency; Emissions Reduction; Pollution Prevention; andCircularity/Recycling.
“Our commitment to tracking global sustainability trends
through the Honeywell Environmental Sustainability

COMMITMENT
TO ESGENVIRONMENTAL

Index reemphasizes our commitment to and leadership insustainability from every angle,” said Vimal Kapur, Honeywell
Chief Executive Officer. “The quarterly report can be leveraged
to compare a business’ own progress and future plan against
what’s reported in their specific vertical and geographic
region.”The ESI is based on a global double-blind survey of morethan 750 global business, technology and sustainability
professionals directly involved in the planning, strategic
development, implementation or oversight of environmental
sustainability goals.

SOCIAL

GOVERNANCE“Honeywell is leading the way in sustainability
through our own journey to carbon neutral,
the sustainability technologies we provide to
our customers, and in thought leadership likethe Environmental Sustainability Index (ESI).”
Gavin Towler
Chief Sustainability Officer

Provided as a free-of-charge public service, the Honeywell ESI
is produced quarterly in collaboration with The Futurum Groupand is designed to provide a quarter-over-quarter comparisonof sentiment and progress of sustainability initiatives on a
global basis.
“This data is increasingly meaningful to my peers and me,”said Gavin Towler, Honeywell’s Chief Sustainability Officer.
“It allows us to see how our work compares across the industry
and globe and helps Honeywell develop new sustainability
solutions to help fast-track the journey to carbon neutral.”
These initiatives represent a continuation of Honeywell’ssustainability efforts that began in 2004 and have alreadyyielded a reduction in greenhouse gas intensity of morethan 90%.
Learn More about the Environmental Sustainability Index.
Honeywell | Environmental | 26

HOME

HONEYWELLOVERVIEWESG APPROACHCOMMITMENT
TO ESGENVIRONMENTAL

SOCIAL

GOVERNANCE

HEALTH, SAFETY AND
THE ENVIRONMENT
Honeywell is committed to protecting our people and the environment.
Our health, safety and environment (HSE) programs are managed bya global team of trained professionals with extensive knowledge andcollective experience in occupational health, chemistry, hydrology,
geology, engineering, safety, industrial hygiene, materials management
and energy efficiency.
By integrating HSE considerations into all aspects of our business, we:
Protect our people and the environment
Achieve sustainable growth and accelerated productivity
Drive compliance with all applicable regulations
Develop technologies that expand the sustainable capacity of our world

Honeywell | Environmental | 27

HOME

HONEYWELLOVERVIEWESG APPROACH

HSE GOVERNANCE
The Health, Safety, Environment, Product Stewardship andSustainability (HSEPS) organization, led by our Vice Presidentof HSEPS, focuses on workplace safety and health,environmental performance, regulatory compliance and risk,
including risk related to climate change.
Our commitment to health, safety and the environment isoutlined in our Sustainable Opportunity Policy. This policy isincorporated into our company-wide operating system andserves as a blueprint for continuous operational improvement
throughout our HSEPS Management System. Endorsed by our
CEO and senior leadership, the policy is posted in every facility
and communicated to all employees and contractors annually.

COMMITMENT
TO ESGENVIRONMENTAL

legal requirements. It sets clear, constructive objectives for
improvement and maintains the programs designed to achieve
those objectives. In addition, we have developed detailed
operational controls aligned to common risks and applicablerequirements in approximately 90 specific subject areas thatprescribe required management elements. All Honeywellfacilities are required to comply with these operational
controls, as well as any applicable legal requirements. Areas
where specific operational controls are required are listed on our
website and include safety, industrial hygiene, loss prevention,
environment, health, product stewardship, transportation
safety, process safety management, construction safety
and remediation.

SOCIAL

GOVERNANCE

100%

OF HONEYWELL LOCATIONS ARE SUBJECTTO GOVERNANCE VIA OUR COMPREHENSIVEMANAGEMENT SYSTEM.
Compliance with regulatory requirements and internal
standards is monitored through a comprehensive three-phasegovernance process. The phases include ongoing selfassessment, annual verification and internal audit.

Health, safety and environmental considerations are embedded
into every business within Honeywell via our comprehensive
management system based on recognized third-party
standards. These include ISO 14001 (the international
standard that specifies requirements for an effective
environmental management system) and ISO 45001 (which
specifies requirements for an occupational health and safety
management system), as well as industry best practices.
HSE-related incidents, such as injuries and environmental
events, are reported via a comprehensive management system
software solution.
The Honeywell HSEPS Management System encompasses
18 interconnected core elements and is applied everywhere we
operate. Implementation of the management system requires
identification and assurance of compliance to all HSEPS
Honeywell | Environmental | 28

HOME

HONEYWELLOVERVIEWESG APPROACH

A team of independent HSEPS internal and external subject
matter experts conduct the audits and focus on verification ofrequirements and continuous improvement. When therequirements are not met, nonconformities are identified andcorrective action plans are developed, implemented andmonitored through our centralized management system tool.

ALL HONEYWELL LOCATIONS ARE SUBJECTTO INDEPENDENT INTERNAL AUDIT.
Climate-related risk is monitored as part of our overall HSEPS
risk management. Our General Counsel of HSEPS monitors
emerging developments for climate-related risks through aquarterly assessment process. The climate-specific assessment
is then evaluated in the context of identifying the company’s
material risks for disclosure and enterprise risk management
purposes and incorporated into our Enterprise Risk
Management (ERM) program.
In conjunction with and as part of our HSEPS Management
System, we have a process specifically for tracking emerging
regulatory changes and their impact on business operations,sales markets and costs of doing business which include
climate-related impacts.
Each of our business groups is also required to prepare assetlevel Business Resilience and Emergency Response plans thatconsider, among other risks, the impact of severe weather eventson our manufacturing assets and supply chains. Our emergency
planning procedures are developed based on site risk
assessments where physical risks are assessed, including
worldwide assessments of natural hazard exposures.

COMMITMENT
TO ESGENVIRONMENTAL

The results of the ERM program, the HSEPS-led assessments,
emergency planning and our processes for monitoring
emerging regulatory changes are evaluated to determine
whether any of the identified risks have the potential togenerate a substantive change in our business operations,revenue or expenditures. Our operating system, which drives
sustainable improvements and the elimination of waste in
manufacturing operations to generate exceptional performance,
is a critical component in how we think about sustainability.
The operating system is a lean-based manufacturing systemwith roles and ownership for all employees from the plant floor
to the boardroom to engage in careful planning and analysis,continuous employee engagement in improvement andthorough follow-through.
Honeywell has built sustainability directly into our operating
system, so the tools, personnel, activities and culture are used
to drive sustainability with the same focus used to propel
other critical operational objectives such as quality, delivery,
inventory and cost. This ensures sustainability is an integrated
and essential part of the Honeywell work experience every day.
Progress on our sustainability program is a factor in determining
annual incentive compensation for senior leadership.

CERTIFICATIONSIn addition to complying with our own strict standards, manyof our manufacturing sites have also obtained third-party
certifications for management systems relating to quality,
occupational health and safety and the environment.

SOCIAL

GOVERNANCE

Manufacturing Site Certifications

93%

38%

ISO 9001 / AS 9100

ISO 45001 / VPP

37%
ISO 14001 / RC 14001

26 LOCATIONS

Honeywell locations achieving ISO 50001,
the global energy management systems
standard for establishing, implementing,
maintaining and improving energy
management.
Honeywell | Environmental | 29

HOME

HONEYWELLOVERVIEWESG APPROACHCOMMITMENT
TO ESGENVIRONMENTAL

VOLUNTARY PROTECTION PROGRAMRESPONSIBLE CARE® PROGRAM

The U.S. Occupational Safety and Health Administration (OSHA)
Voluntary Protection Program (VPP) promotes effective sitebased safety and health protocols and sets performance-based
criteria for health and safety management systems. VPP
recognizes exemplary achievement in the prevention andcontrol of occupational safety and health hazards as well as thedevelopment, implementation and continuous improvement of
their safety and health management system.

Honeywell’s Performance Materials and Technologies businessparticipates in the Responsible Care program of the American
Chemistry Council (ACC). Responsible Care is a global, voluntary
initiative developed by the chemicals industry to drive
continuous improvement in health, safety and environmental
performance. Responsible Care is the chemical industry’s
world-class environmental, health, safety and sustainability
initiative. It is our commitment to do more and do better.
Responsible Care companies are industry leaders, playing avital part to ensure that the business of chemistry is safe, secureand sustainable.

Under VPP, management, labor and OSHA work cooperatively
and proactively to prevent fatalities, injuries and illnesses
through a system focused on hazard prevention and control,
worksite analysis, training, management commitment andworker involvement. To participate, employers must apply to
OSHA and undergo a rigorous on-site evaluation by a team ofsafety and health professionals. Currently, 19 of our U.S.
manufacturing facilities hold the prestigious VPP STAR
recognition, which is the highest level given under the program.

SOCIAL

GOVERNANCE

Responsible Care is practiced today in nearly 70 countries
around the world. Program implementation leads to improved
efficiency, improved relations with stakeholders through open
and transparent communications and lower environment,
health and safety costs. As a signatory company, we arecommitted to improving its performance in the fields ofenvironmental protection, occupational safety and healthprotection, plant security, process safety, product stewardship,
operational energy efficiency and logistics. Responsible Carecompanies embed these values up and down the organization’svalue chain and continuously improve dialogue with neighbors
and the public, independent from legal requirements.
Honeywell’s Performance Materials and Technologies
headquarters has been certified RC14001 by an external
ISO registrar since 2005.
Learn more about the Responsible Care® program.

Honeywell | Environmental | 30

HOME

HONEYWELLOVERVIEWESG APPROACHCOMMITMENT
TO ESGENVIRONMENTAL

SOCIAL

GOVERNANCEENVIRONMENTAL JUSTICE
Honeywell’s Health, Safety and Environment program includes
identifying and addressing the environmental and social impactof our operations on the surrounding communities and ensuring
compliance with regulatory standards. Our program calls forsafe and responsible environmental stewardship, compliancewith applicable laws and building trust through early andconsistent community engagement.

Protecting the environment and meaningfully engaging thesurrounding community have been long-standing hallmarks ofour commitments. We have established procedures toimplement these commitments in a multi-step, integrated
process that is overseen by management for both Honeywell’scurrent operations and legacy sites. Our commitment tocommunity engagement is true for impacted fence-line

communities, including those that could be categorized asenvironmental justice communities based on current federal
and state regulatory screening tools. More details about how
these actions consider fence-line and environmental justicecommunities can be found in our Due Diligence Processes
to Identify and Address Environmental and Social Risk.

Honeywell | Environmental | 31

HOME

HONEYWELLOVERVIEWESG APPROACHCOMMITMENT
TO ESGENVIRONMENTAL

SOCIAL

GOVERNANCE

GOING THE DISTANCE
WITH HEALTH AND SAFETY
The safety of our employees, contractors andpartners is a top priority. We use our lean-based
operating system approach to drive
improvements in our safety record.
To establish a uniform standard for evaluation, Honeywellstandardizes the internal reporting of occupational injuries
and illnesses pursuant to U.S. OSHA requirements. Facilities
outside the U.S. are also required to follow any additional
external reporting requirements in their jurisdictions. Basedon this data, our global Total Case Incident Rate (TCIR),
the number of occupational injuries and illnesses per 100
employees, was 0.20 at the end of 2022. Utilizing U.S. Bureauof Labor Statistics, Honeywell’s safety record is more than fourtimes better than the weighted average TCIR of the industries
in which it operates.

Honeywell | Environmental | 32

HOME

HONEYWELLOVERVIEWESG APPROACHCOMMITMENT
TO ESGENVIRONMENTAL

PROTECTING THE WORKFORCETRAINING, COMPETENCY AND AWARENESS

Our operating locations rely on comprehensive processes
for assessments of hazards that could pose a risk to workers,
including employees, contractors and visitors. Based on theseassessments, risk mitigation controls are identified,
implemented and monitored to help ensure effective worker
protections remain in place. Types of assessments include
pre-use chemical reviews, ergonomic assessments, personal
protective equipment evaluations and inspections, procedurechecks for reporting adverse effects from chemicals, androutine exposure monitoring for certain chemicals known tobe present in the workplace. Upon identification of a risk, we
implement one or more of the following risk-reducing controls:
eliminate the activity or chemical usage, switch to a lower-risk
activity or chemical, install engineered controls, apply
administrative controls and institute the use of new or different
worker personal protective equipment.

Through careful risk assessment, we determine the necessary
knowledge for our employees to perform their jobs safely, andsubsequently create and implement training programs to ensure
appropriate levels of competency.

SOCIAL

GOVERNANCE

Honeywell assesses the necessary competency levels for HSErelated activities and employees are deemed competent on thebasis of appropriate education, training, qualification and/or
experience. The learning needs assessment considers
assigned responsibilities, abilities, language skills, literacy
and employee feedback.
Training plans are developed based on the learning needs
assessment to ensure that identified training needs aredelivered to achieve the appropriate level of competence
associated with relevant HSE aspects, impacts, control
measures and compliance obligations.
Training content is developed and delivered by a skilled personor through a competent process such as a web-based platform
with appropriate testing to assure training objectives are met.
The effectiveness of training and the overall training process isperiodically evaluated.

• Their contribution to the effectiveness of the HSEPSManagement System

At a minimum, all persons doing work under the control of
Honeywell are made aware of:• Benefits of improved performance• Sustainable Opportunity Policy• Applicable compliance obligations associated with their work

• Significant HSE risks associated with their work

• Lessons learned from relevant incidents• Implications of not conforming to the HSE requirements

Honeywell | Environmental | 33

HOME

HONEYWELLOVERVIEWESG APPROACHCOMMITMENT
TO ESGENVIRONMENTAL

SOCIAL

GOVERNANCE

EMERGENCY PREPAREDNESSEmergency Management Plans are required everywhere we operate. As part of the plandevelopment process, emergency scenarios are evaluated to anticipate, prevent and minimizerisks from potential emergencies.

• Annual engagement with external emergency response providers and local emergency
planning committees to discuss coordination, participation and feedback on potential
emergency response activities

Key community-related elements include:• A process for responding to raw material, product, process and waste material transportation
incidents that could occur away from operating locations• Communicating with employees, contractors, visitors, relevant emergency response services,
government authorities and the local community as appropriate• Forums for open dialogue between the community and business representatives to discuss
health and safety considerations affecting the community
Honeywell | Environmental | 34

HOME

HONEYWELLOVERVIEWESG APPROACHCOMMITMENT
TO ESGENVIRONMENTAL

SOCIAL

GOVERNANCE

THE ENVIRONMENT:PROTECTING FUTURE
GENERATIONS, NOW
Our commitment to being environmentally
responsible is reflected in the extensive work wedo to reduce greenhouse gas (GHG) emissions,increase energy efficiency, conserve water,
minimize waste, manage air emissions and drive
efficiency throughout our operations. Ouroperating system – which drives sustainableimprovements and the elimination of waste
in our manufacturing operations – is a
critical component in how we approach
environmental stewardship within Honeywell.

Honeywell | Environmental | 35

HOME

HONEYWELLOVERVIEWESG APPROACH

In 2010, we established the Corporate Energy & Sustainability
Team (CEST) to drive the company’s goals. The team is led by
our Senior Director of Sustainability and is sponsored by our
Global Real Estate, Integrated Supply Chain and Health, Safety
and Environment organizations. The cross-business, crossfunction team meets monthly and is responsible for driving
sustainability improvements through a rigorous process ofgoal setting, monitoring and measurement, training and bestpractice sharing.
Since project tracking began in 2010, more than 6,300
sustainability projects have been implemented at our facilities
and have resulted in more than $100M in annualized savings.
These include building automation and controls, lighting,compressed air and gas systems, mechanical upgrades andrenewable energy projects.
We are proud of the environmental improvements we haveachieved to date and strive to continue our commitment tomaking our business more sustainable through thefollowing goals:• Achieve five-year “10-10-10” target by 2024:

COMMITMENT
TO ESGENVIRONMENTAL

SOCIAL

GOVERNANCE• Reduce U.S. Scope 1 and Scope 2 GHG emissions by 50%
by 2030 from a 2018 base year as a member of the U.S.
Department of Energy Better Climate Challenge• Be carbon neutral in our facilities and operations1 by 2035
• Validated by the Science Based Targets initiative (SBTi),
Honeywell committed to:· Reduce absolute Scope 1 and 2 GHG emissions 50% by
2037 from a 2019 base year
· Reduce absolute Scope 3 GHG emissions 23% within thesame timeframe
Each of our strategic business groups is required to establish
internal goals for year-over-year improvements in GHG
emissions, energy efficiency, hazardous waste reduction
intensity and non-hazardous waste diversion rates. Progresson our goals is monitored by the CEST, reported quarterly to
Honeywell’s CEO, and is reviewed at least annually with theBoard’s Corporate Governance and Responsibility Committee.

1

Scope 1 and Scope 2· Reduce global Scope 1 and Scope 2 GHG emissions
intensity by an additional 10% from 2018 levels· Deploy at least 10 renewable energy opportunities· Achieve certification to ISO’s 50001 Energy Management
Standard at 10 facilities

Honeywell | Environmental | 36

HOME

HONEYWELLOVERVIEWESG APPROACHCOMMITMENT
TO ESGENVIRONMENTAL

SOCIAL

GOVERNANCE

MEET ESG
FUTURESHAPERSMEET ESG FUTURESHAPER: AMANDA COPPERTHITEMEET ESG FUTURESHAPER: CHRIS JONES

Amanda is creating sustainable technologies for fuels and chemicals. Think about French fries.
You know the oil you get on your hands after eating them? Amanda is converting used frying
oil and grease into renewable diesel and aviation fuel, and she doesn’t stop there. She’s also
working toward inception of new fuels and energy storage capabilities from renewable energy
sources. As a pioneer, Amanda understands that solving the climate crisis involves a team effort
with scientists, partners and customers cooperating across the entire commercial and global
ecosystem.

Chris is humanizing the digital disruption. Chris started his career at Honeywell 26 years ago asa chemical and plant operator. Today, he’s helping people have a safer, more reliable and moresustainable experience in industrial spaces through autonomous technology. In industries where
30% of accidents occur due to human error, Chris’ team is developing new solutions that movethe brunt of the work on the plant site to digital technologies so employees can focus on safer,more value-added activities.
Honeywell | Environmental | 37

HOME

HONEYWELLOVERVIEWESG APPROACHCARBON NEUTRALITY
Our senior leadership, including the CEO and Board of Directors,
is engaged in decision-making regarding the company’s climate
efforts, and regularly provides oversight on climate risks. The
company supports the goals of the Paris Agreement and iscommitted to lobbying for legislation and public policies thatalign with the Paris Agreement goals of limiting temperature rise
to well below 2⁰C.  
In 2021, we committed to reaching carbon neutrality in
our facilities and operations by 2035. In the same year, weestablished an ESG Review Board (ERB) consisting of several
senior executives to oversee multiple aspects of ESG including
our carbon neutrality goal. The company has committed $50
million per year to carbon neutrality projects and initiatives.

Petronas & Honeywell’s GHG & Methane Emissions Management

COMMITMENT
TO ESGENVIRONMENTAL

The road to carbon neutrality begins with data mining fromour multinational operations to provide a holistic approach todeveloping more effective and efficient solutions. Honeywellis in a unique position to reduce the impact of climate change
through the development and sale of products and services that
reduce the impacts of global warming.
To further support the advancement of our technologies,
the ERB oversees the use of our facilities as laboratories forinnovation. For example, in 2022, Rebellion cameras, which
identify methane leaks, were modified to detect other types ofemissions. These were installed at one of our plants as part of a
new Honeywell emission monitoring offering.

SOCIAL

GOVERNANCE

a science-based target, including Scope 3 emissions in 2022.
This target, which has since been validated by SBTi, requires
continued innovation of products and services to help reduce
customer emissions.  
With many more employees now interested in sustainability, thecompany developed training using its Honeywell Accelerator
program to allow all employees, no matter what specialty, tolearn about the company’s commitment to sustainability so theycan embed those values into their daily activities.

To build on our Scope 1 and 2 emissions commitments and tobetter solve our customers’ challenges, Honeywell submitted acommitment to the Science Based Target initiative (SBTi) to set

Sensing Technology
Honeywell | Environmental | 38

HOME

HONEYWELLOVERVIEWESG APPROACHCOMMITMENT
TO ESGENVIRONMENTAL

SOCIAL

GOVERNANCE

REDUCING GREENHOUSE GAS EMISSIONS
Honeywell reports on its global GHG emissions pursuant to The Greenhouse Gas Protocol and publicly reports through the Carbon
Disclosure Project (CDP), a U.K.-based organization that supports companies’ and cities’ environmental disclosures, as well as
various regulatory agencies.
We have received third-party limited assurance per ISO 14064-3 of our Scope 1 and Scope 2 GHG emissions annually since 2011.
Greenhouse Gas Data
Scope 1, MT CO2e
Scope 2, MT CO2eTotal
GHG Intensity,
MT CO2e/$M Revenue

2018
1,479,149
1,048,843
2,527,992

2019
1,384,849
951,982
2,336,831

2020
1,387,727
860,579
2,248,306

2021
1,324,742
693,2882,018,031

2022
1,059,105
697,090
1,756,196

60.5

63.4

68.9

58.7

49.5

The GHG intensity metrics are the sum of our Scope 1 and location-based Scope 2 emissions in metric tons of carbon dioxide equivalent divided by revenue in million U.S. dollars.
Variations in data reported can occur due to timing of reporting and updates to methodologies as newer reporting protocols and emission factors are adopted.

As a part of our commitment to reduce GHG emissions, Honeywell has been implementing solar projects to reduce dependency onconventional power sources. Examples of recently completed solar projects:• Penang, Malaysia: The site installed a rooftop solar PV system of 1278-kilowatt (kWp) capacity through direct capital purchase.
The system will offset approximately 24% of the site’s energy usage equating to 1.8 million kWh annually.
• Chonburi, Thailand: The site installed a 703-kilowatt (kWp) rooftop solar system. At full capacity, the system will offset
approximately 820,000 kWh of electricity from the grid annually.
• Chihuahua, Mexico: Two sites in Chihuahua have installed rooftop and carport solar projects with a combined total of2725-kilowatt (kWp). This system will offset approximately 4.8 million kWh of electricity from the grid annually.

Solar panels in Penang, Malaysia>90%

REDUCTION IN SCOPE 1 AND SCOPE 2 GREENHOUSE GAS INTENSITY SINCE 2004.

Honeywell | Environmental | 39

HOME

HONEYWELLOVERVIEWESG APPROACH

IMPROVING ENERGY EFFICIENCY
We exceeded our public goal to improve energy efficiency bymore than 20% between 2004 and 2011 and have continued
to drive improvements throughout the organization. Energy
efficiency is more important than ever in the pursuit of carbon
neutrality. To support our goals, and as part of our HSEPSManagement System, our largest sites are required to identify
their significant energy use in line with ISO 50001, obtain anenergy audit on an established cycle, train personnel on energy
management, and track identified projects via our standard
database. This ensures a robust pipeline of both low-cost andcapital projects that can be considered for execution.

COMMITMENT
TO ESGENVIRONMENTAL

SOCIAL

GOVERNANCE

Energy Performance
Energy, BBTU  

2018
18,8082019
17,2082020
15,3482021
15,2472022
15,603

Energy Efficiency, BBTU/$M

0.450

0.469

0.470

0.443

0.440

The assurance process we use for our greenhouse gas inventory includes, by default, our energy footprint. The energy data compiled here represents our global footprint for all our sites.
Estimates are used for some of our smaller sites but are typically in the range of 5% of our overall inventory.

Our success at improving efficiency is based on a culture ofcontinuous improvement. The HSEPS team combines its deep
knowledge of energy and environmental matters with our
HSEPS Management System and continuous improvement
tools such as tiered accountability, self-assessments andkaizens (short duration projects led by a facilitator with a
specific aim at improvement) to maintain a pipeline of projects
that help us achieve our goals.
We install a wide range of technologies, including those fromour own product portfolio, at our manufacturing sites andoffices around the world. These include energy management
and control systems, automation systems for boilers, LED
lighting, HVAC controls, variable frequency drives, occupancy
sensors, metering, and renewable energy. We take a systemsbased approach using technology, operational excellence andemployee engagement aligned with our operating system
to drive continuous improvements. Additionally, Honeywellcontinues to focus on improving energy efficiency in our
industrial and production processes. Several projects inlocations across the world reflect this focus.
Global program examples:• Lighting: LED lighting is approximately 90% more
efficient than incandescent lighting and has a longer life

than incandescent or fluorescent lighting. Honeywell has
been systematically replacing lighting at our sites with
LED technologies. Overall, we have executed more than
950 LED lighting projects for annualized savings of $9.5
million representing reductions of 42,350 metric tons ofgreenhouse gas emissions and 295 BBTU. Honeywellcontinues to implement LED lighting and controls solutions
throughout our facilities, including interior (office, warehouseand production areas) and exterior lighting. In 2022, wecompleted 66 lighting projects across the Honeywell
portfolio which resulted in approximately 1350 metrictons of greenhouse gas reductions. We are currently in the
final stages of this LED conversion program and are on
track to complete additional lighting projects by the end of2024, which will help ensure our global footprint has been
substantially converted to LED.
Honeywell | Environmental | 40

HOME

HONEYWELLOVERVIEWESG APPROACH• Compressed air and gas systems: As with the global
lighting program, Honeywell is utilizing a programmatic
approach to continue upgrading our compressed air andgas systems, as well as adding variable frequency drives
to fans and pumps to improve efficiency in facility andmanufacturing processes. In 2022, we successfullycompleted 38 projects across the Honeywell portfolio, which
accounts for approximately 1250 metric tons of greenhousegas reduction. We plan to continue this program andcomplete additional compressed air/gas and VFD projects
in 2023 and 2024.
Site-specific examples:• Pune, India: As part of a campuswide HVAC upgrade at
the Hadapsar site, a chiller plant optimization project wascompleted which combined multiple chiller plants into asingle centralized plant for two buildings. Inefficient chilled
and condenser water pumps were replaced with premium
efficiency pumps and a cooling tower. An 18-year-old split
system, with package AC and window AC units, was replacedwith Energy Star-certified equipment. The total campuswide

ENVIRONMENTAL

initiative resulted in annual greenhouse gas reductions ofapproximately 403 metric tons and annual energy savingsof approximately $133,000.
• Chihuahua, Mexico: As part of a building automation system
upgrade, the site installed a Honeywell LCBS Connect systemwith economizer controls for 18 package units. Installation
included controllers, outside air temperature sensors, return
air sensors, compressor status monitor, damper actuator
for the inlet air system and an upgraded control system
front-end graphics package. This project resulted in annual
greenhouse gas reductions of 85 metric tons and annual
savings of $26,500.
• Nantong, China: As the result of a kaizen, the site identified
an opportunity and subsequent capital project to installequipment that allowed process steam with high residual
heat to be recycled and reused. The project resulted in annual
greenhouse gas reductions of 268 metric tons and annual
utility savings of approximately $53,000.
• Baton Rouge, La.: The site insulated the main steam header
to reduce substantial energy loss from 360 feet of steamline and from transient plant operation during rain events.
This project resulted in estimated annual greenhouse gas
reductions of 300 metric tons and annual utility savings of$34,000.

~70%
Armstrong Pumps: Chilled water pump and condenser water in India

COMMITMENT
TO ESG

ENERGY EFFICIENCY IMPROVEMENTSINCE 2004

SOCIAL

GOVERNANCE

CHINA GREEN FACTORY INITIATIVE
Honeywell is taking advantage of government-led programs,
such as our implementation of China’s Green Factories
Standard at applicable facilities to help drive efficiency and GHG
reductions. This program aims to contribute to GHG reductionsat our Asia Pacific (APAC) facilities by 2030 through the green
factory evaluation assessment. The aim of the green factoryassessment is to:• Identify which sites within the APAC region can be classified
as green factory• Explore any possibility for any green initiatives to be
implemented at the sites
Each building is evaluated on:• Land intensification• Use of harmless raw materials• Clean production• Waste recycling• Low-carbon energy
Our participation in this program has led to the adoption ofadvanced production processes, use of highly efficientequipment with low energy consumption, and continuous work
to reduce energy use and improve product quality. The initiative
started in 2022 and is projected to significantly contribute to
our carbon neutrality pledge in the APAC region.
Honeywell | Environmental | 41

HOME

HONEYWELLOVERVIEWESG APPROACHCOMMITMENT
TO ESGENVIRONMENTALFLEET ELECTRIFICATION AND OPTIMIZATION

To date, Honeywell has taken delivery of 54 fully electric light
duty vehicles (LDVs) in North America and Europe, Middle
East, and Africa (EMEA) as part of an initial pilot program. The
objectives for the pilot include understanding total cost ofownership versus legacy internal combustion engine vehicles,
and to consider factors including driver safety, productivity, andfuel economy contributions to reducing emissions. This pilot
will inform and shape our future policies and strategy, adoption
rates by business group, and vehicle class selection.
Fleet emission reductions will come not only from theelectrification of our LDV class, which represents about

GOVERNANCE

WASTEWATER AND EFFLUENT MANAGEMENT
AND WATER STEWARDSHIPAs part of our carbon neutrality strategy, Corporate
Procurement has been working directly with business leadersand key external fleet management companies to develop aplan for fleet electrification.
During the annual replacement cycle, Honeywell’s Procurement
team intentionally selects new units that have lower total costof ownership when considering fuel efficiency (i.e., hybrids,
electric vehicles and smaller engines). Since 2019, fuel economy
has improved by about 3% and GHG emissions have been
reduced by about 30% across the Americas’ fleet. Drivers
across different European countries have been using various
hybrid vehicles for several years. Since our carbon neutrality
pledge in 2021, we have developed a strategy to further improve
our fleet’s fuel economy by electrifying Honeywell’s global
fleet of approximately 7,500 vehicles by 2035 or earlier whereconditions and markets allow.

SOCIAL

Honeywell manages water in accordance with all regulatory
requirements while also taking steps to protect and conserve avital natural resource.
Our locations and functions are required to manage their water
use and wastewater and effluent generation in accordance with
our HSEPS Management System, which includes:

Fleet electrification

98% of our commercial fleet today, but also from continued
optimization through our global Transportation Management
System (i.e., shipment consolidation and lower carbon footprint
options). Depending on how they are driven, today’s electric
LDVs can get up to 150* miles per gallon equivalent (MPGe),
which is more than three to five times the average in theAmericas today. Our goal is to materially improve our fueleconomy relative to today’s standards through electrification.
Key metrics will be monitored and tracked by various internaland external stakeholders to achieve this goal, stemming fromtelematics data, third-party applications, and internal expertsthat align with the best ESG practices known today.
*https://www.fueleconomy.gov/• Completing a water inventory identifying all uses anddischarges of water, including source of supply, use andwhat happens to the resulting wastewater. Also considered
are any discharges generated by plant operations, suchas compressor blow-down and condensate discharges,
and water reuse. This breakdown of water use facilitates
identifying opportunities for reducing consumption andrequirements for managing effluents.
• Creating and maintaining a detailed inventory or balance ofwater intakes, activities using or producing water, and water
discharges, including characterization of any wastewaters.
This breakdown of water use facilitates identifying
opportunities for reducing consumption and waste.
• Completing a review of all legal and other requirements
for wastewater and effluent management. Our industrial
facilities that produce emissions may require specific water
discharge permits, with many requiring us to conduct studies
or develop models of the potential impacts of the activities oncommunities and the environment before permits are issued
or renewed. If a government-required wastewater permit,
Honeywell | Environmental | 42

HOME

HONEYWELLOVERVIEWESG APPROACHCOMMITMENT
TO ESGENVIRONMENTAL

SOCIAL

GOVERNANCE

license, impact analysis document or other legal requirement
is applicable, Honeywell implements operation controls.
These include documenting specific actions to ensurecompliance with legal, permit and Honeywell requirements.
• Developing comprehensive location-specific operational
controls, including physical and administrative controls, tomanage our wastewater and effluents in compliance withlegal and other requirements, and to minimize environmental
impact, including unwanted releases. Our operational
controls include quality assurance and control plans to
identify potential issues before they happen or to enable
rapid response.
• Restrictions on some methods of discharge to limit potential
environmental impacts.
• Good management practices to reduce contamination andimpact of storm water run-off for all locations.
• Separating potable and processing water supplies toeliminate the risk of cross-contamination.
• Container management and spill prevention controls tominimize risk of unwanted release and contamination ofground and surface waters.
• Training for employees and contractors who perform criticalactivities related to wastewater and stormwater management.
• Collating data on water withdrawals and discharges andconducting regular water audits to identify opportunities toreduce water consumption.
Wastewater and effluent management system requirements
are subject to three levels of governance: a location level self-

assessment against requirements, a verification process bymore senior personnel within the organization and auditing by
third-party teams of Honeywell and external experts.
Honeywell maintains a process to act in a timely manner toaddress incidents or nonconformities, including those related
to wastewater and effluent management. These processes
include root cause analysis and taking preventative andcorrective actions when needed. Key findings and continuous
improvement opportunities for wastewater and effluent
control are also evaluated and incorporated into the overallmanagement system.
Honeywell’s global inventory of water usage data supports theidentification of conservation opportunities. Honeywell analyzes
all its operations for Baseline Water Stress using the World
Resources Institute’s (WRI) Water Risk Atlas tool, Aqueduct.

To ensure a continuous focus on conservation at our larger
company sites in water-stressed regions, and as part of our
HSEPS Management System requirements, all sites in locations
with High (40–80%) or Extremely High (greater than 80%)
Baseline Water Stress meeting a certain threshold must:• Complete an annual water efficiency assessment based onwater best practices• Maintain a water balance of all significant flows in and out of
the facility• Obtain a comprehensive water audit on an established cycle• Train personnel on water management• Maintain a list of water conservation measures identified andcompleted

Honeywell | Environmental | 43

HOME

HONEYWELLOVERVIEWESG APPROACHCOMMITMENT
TO ESGENVIRONMENTAL

Examples of recent projects:

SOCIAL

GOVERNANCEMINIMIZING WASTE• Tempe, Ariz.: Site installed two new controllers for cooling
tower makeup feed/bleed and treatment control. This project
has resulted in annual water savings of approximately 3
million gallons and annual operating savings of $18,000.
• Glendale, Ariz.: As part of the water treatment program,the site installed acid feed equipment for the cooling tower
to increase cycles of concentration, which helps reduce theblowdown required for cooling tower operations. This has
resulted in annual water savings of approximately 2 million
gallons and annual operating savings of approximately$17,000.
• Zhangjiagang, China: The site implemented two operationalchanges to reduce the need for freshwater consumption,
including the recycle and reuse of steam condensate to feedcooling water circulation and the added capability to filter
and treat wastewater coming from the onsite methanol-toolefin (MTO) plant for reuse. These innovative ideas haveresulted in annual water reductions of 1.3 million gallons andannual operational savings of approximately $24,000.

165

MILLION GALLONS OF WATER SAVED IN
WATER-STRESSED REGIONS SINCE 2013
FROM MORE THAN 185 PROJECTS.
Cooling Tower Tempe, Ariz

Honeywell manages waste in accordance with all regulatory
requirements while also seeking to minimize waste generationand environmental impacts. All of our locations and functions
are required to handle waste in accordance with our HSEPSManagement System, which includes:• Detailed characterization and classification of all waste
streams• Process of due diligence and impact assessment for all
facilities receiving hazardous waste from our operations,
including a review and approval process by a global team;
Honeywell’s hazardous waste streams are only permitted to
be sent to these approved facilities.
Honeywell | Environmental | 44

HOME

HONEYWELLOVERVIEWESG APPROACHCOMMITMENT
TO ESGENVIRONMENTAL

SOCIAL

GOVERNANCE• Annual duty of care assessments of all receiving facilities andtransporters of Honeywell’s waste, including compliance withlocal regulations and permitting requirements and ability tohandle our waste streams, prior to any waste movement• On-site management of waste streams to prevent releases
and impact on the environment, including container
management and spill prevention• Annual training for all employees and contractors who
perform waste-related activities• Annual, or more frequent, audits of waste movements toconfirm compliance and identify opportunities for waste
reduction and diversion
A verification program and independent internal audits measurecompliance with our requirements and identify opportunities forcontinuous improvement of our waste management standards.
Nagykanizsa, Hungary waste compactors

In addition to any regulatory reporting requirements, sites
must also adhere to internal reporting requirements so we
can maintain a global inventory of waste data, including both
hazardous and non-hazardous metrics.
Each of our strategic business groups must establish annual
targets for reducing hazardous waste as normalized by revenue
and improving waste diversion rates (diverting waste fromlandfills). Results are tracked by our Corporate Energy andSustainability Team and progress is reported quarterly to
Honeywell’s CEO.
Honeywell executes waste reduction projects in support of ourgoals and as part of our global sustainability efforts. Waste

reduction projects, often identified via a kaizen process, aretracked in our project database from conception throughexecution.  
Recent project examples:• Nagykanizsa, Hungary: The site purchased and installed
two waste compactors. The compactors, used for paper
and municipal waste, allowed for the reduction of waste
hauls and improved recycling, resulting in annual savings ofapproximately $12,000. With the compactors and improved
recycling, the site is able to avoid landfilling and improve its
waste diversion rate from 40% to nearly 100%.

• Zhangjigang, China: The site implemented waste reduction
initiatives to repurpose raw pallet materials, repair andrecycle other pallets, and reuse warehouse packaging. In
addition to reducing waste, this project has resulted in annual
operational savings of approximately $74,000.
• Hlubocky, Czech Republic: The site installed anultrafiltration system to reduce hazardous waste generated
during production. This filtration technology will also
improve efficiency of wastewater treatment, enabling treatedwater to be used for a longer period of time and reduce theconsumption of activated carbon required for production.
This project reduced hazardous waste and has resulted inannual operational savings of approximately $73,000.
Honeywell | Environmental | 45

HOME

HONEYWELLOVERVIEWESG APPROACHCOMMITMENT
TO ESGENVIRONMENTAL

SOCIAL

GOVERNANCE

MANAGING AIR EMISSIONS
We manage air emissions in accordance with all regulatory
requirements while also seeking to minimize our environmental
impact. All our locations are required to meet the requirementsof our HSEPS Management System, which include:• Identifying and detailing all emissions to air on an inventory
that captures both stack and fugitive emissions and covers
process, combustion and VOC emissions, as well as visible
emissions, odors and noise• Developing operational controls, both physical andadministrative, to comply with all regulatory or permit
requirements and minimize the impact of our operations on
both the environment and our neighbors• Conducting emissions monitoring as required by local
regulations, and using this data to help identify opportunities
to reduce our emissions levels beyond regulatory thresholds• Completing regular training on our operational controls tomaintain efficiency and compliance
A verification program and independent internal audit measurescompliance with our requirements and identifies opportunities
for continuous improvement of our air emissions standards.

Honeywell | Environmental | 46

HOME

HONEYWELLOVERVIEWESG APPROACHCOMMITMENT
TO ESGENVIRONMENTAL

SOCIAL

GOVERNANCEREVITALIZATION FOR
A BETTER FUTURE:
ENVIRONMENTAL
REMEDIATION
Honeywell, a global, diverse technology company, has legacy
manufacturing operations dating back to the 19th century. Like othercompanies with long, successful histories, many of our former operations
were closed or sold years ago and are now considered brownfields. In
addition, many of the sites had multiple owners over the years, and most
no longer exist. These historic operations mostly predate the Clean Water
Act, the Clean Air Act, Superfund regulations, the Resource Conservation
and Recovery Act, and/or the U.S. Environmental Protection Agency andare not a reflection of Honeywell’s current operations and processes.
Honeywell’s “reuse first” practice views idle properties as assets that can be revitalized tomutually benefit communities and the company. The properties that emerge from this approachgalvanize civic pride and catalyze further community development initiatives. Honeywell has
spent more than $4 billion over the last 19 years to remediate and restore approximately 3,000
acres to productive community use, including roughly 2,800 acres of biodiverse habitat. Thesebiodiverse acres include preserved, restored, enhanced and created wetlands; water and land
habitat restoration, enhancement, creation and preservation; and creation of green spaces withnative ecosystems. Using cutting-edge science, design and engineering to protect human healthand the environment, the company works cooperatively with governments and engages with local
communities and other external stakeholders to implement effective solutions.
Honeywell | Environmental | 47

HOME

HONEYWELLOVERVIEWESG APPROACH

Honeywell’s Remediation and Redevelopment Group (RRG)
manages every project and is led by the Global Remediation
Vice President, a former Assistant Commissioner of New
Jersey’s Department of Environmental Protection.
The regulatory framework for environmental remediation in
the United States requires extensive community engagement
and assessment of potential community risks, all overseen by
government agencies.
Honeywell’s work at these sites does not necessarily end whena remedy is complete, as we continue to comply with all
requirements for environmental remediation, including required
monitoring of sites to ensure the effectiveness of the remedy.
For example:• Baltimore, Md.: A former chemical plant was remediatedand has become a new downtown community, Harbor Point.
Harbor Point is now Constellation Energy’s headquarters
and a regional office for Exelon, a leading energy provider;
Morgan Stanley; and Johns Hopkins Medicine.
• Syracuse, N.Y.: Allied Chemical, Honeywell’s predecessor,
operated on the shores of Onondaga Lake for about 100
years, along with multiple other industries and public
operations. At one point, the lake was considered the mostpolluted lake in North America. About 1,800 acres are being
restored and preserved and about 1.1 million native plants
are being planted. More than 290 wildlife species now callthis area home and more than 140 unique bird species havebeen identified in and around Onondaga Lake.

COMMITMENT
TO ESGENVIRONMENTAL• Jersey City, N.J.: After cleanup, this former 95-acre waste
site in Jersey City was purchased by the City of Jersey City
for Bayfront, a live-work-play development with waterfront
access and 20-plus acres of open space.

SOCIAL

GOVERNANCE

commitment underlies the principle that good business,
economic growth and social responsibility work together.

• Buffalo River, N.Y.: Honeywell served as the private sector
lead to restore the “functionally dead” Buffalo River through aunique public-private partnership. The river has now become
an environmental, economic and community resource which
includes nine acres of habitat restoration with over 143,000
native plantings. The river has re-emerged as an amenity andasset for landside redevelopment and renewal.
• El Segundo, Calif.: A former chemical and refrigerant plant
has been redeveloped as two urban shopping centers.
The Honeywell team went beyond the state’s remediation
requirements to facilitate the planned commercial
development. Within three years of manufacturing shutdown,city officials cut the ribbon on Plaza El Segundo, aMediterranean-style shopping center with more than 50
shops and 423,000 square feet of commercial space.
• Chicago, Ill.: The site was a former Celotex roofing tar andasphalt plant. As successor to Celotex, we engaged withresidents in the surrounding neighborhood to convert thesite into the green space envisioned by the community. The
site is now a 22-acre community green space, including
sports fields, basketball courts, a skate park, trails and alarge playground.
We take seriously our commitment to corporate social
responsibility, protection of the environment and creation ofsustainable opportunity everywhere we operate. This
Honeywell | Environmental | 48

HOME

HONEYWELLOVERVIEWESG APPROACHCOMMITMENT
TO ESGENVIRONMENTAL REMEDIATION PROMOTING SOLAR
Our Remediation and Redevelopment Group (RRG) incorporates options to maximize net
environmental benefits of cleanup actions, referred to as “green remediation” by the U.S.
Environmental Protection Agency. RRG has completed several projects that included solar arrays
to minimize the impact to the electrical grid, minimize greenhouse gas emissions and support
long-term treatment systems.
Recent project examples:• Ironton, Ohio: A one megawatt (MWdc) ground-mounted solar array covering 2.3 acres on
the site of the former Allied Tar & Coke plants is designed to supply 100% of the electricity
consumed by the community’s groundwater treatment plant, which consumes about 1.2

ENVIRONMENTAL

SOCIAL

GOVERNANCE

million kilowatt hours per year. The project received resounding support from both the federal
and Ohio Environmental protection agencies and local stakeholders, serving as an example ofgreen remediation.
• Syracuse, N.Y.: A 190-kilowatt (kWdc) rooftop solar array will supply approximately 20% of theelectricity consumed by the hydraulic containment and collection system along the lakeshorethat collects impacted groundwater associated with former Allied operations.
• Syracuse, N.Y.: A 680-kilowatt (kWdc) rooftop solar array supplies 100% of electricity
consumed by the onsite groundwater treatment plant and nearby pump stations via virtual
net metering.
The RRG is working on several other projects with solar arrays that will be highlighted once
complete. Learn more here.
Honeywell | Environmental | 49

HOME

HONEYWELLOVERVIEWESG APPROACH

HONEYWELL’SJESSICA TELANO
DEFINES ‘GREENREMEDIATION’
Honeywell has pledged to be carbon neutral by 2035 in ourfacilities and operations by integrating sustainability up anddown our supply chain and employing personnel with the talent,
experience and ability to achieve that lofty goal.

COMMITMENT
TO ESGENVIRONMENTAL

Jessica Telano, who is both Remediation, Design andConstruction Manager for Honeywell and our Sustainability
Practice Lead within the corporation’s Remediation Group,
has fully embraced those goals.

“This planet is finite and it’s important we
act in a way that preserves our world for
future generations,” Jessica said.

Growing up on Long Island, she always had an appreciation for
the natural environment. But living in a population-dense areaon the outskirts of New York City, “I saw some of the detrimental
impacts that we as humans have had on the environment,” shesaid.

SOCIAL

GOVERNANCE“I am always looking for opportunities to implement renewableenergy projects across our sites,” Telano said.
Telano successfully implemented nearly two megawatts (MW)combined capacity of solar on our legacy environmental sites
to offset electricity consumed by our groundwater treatment
systems.
On an annual basis, this is enough electricity to power between
150-200 households.
Our 680kW groundwater treatment plant rooftop system near
Syracuse, New York, overproduces power consumed by theplant itself. The excess electricity generated by the solar arrayis credited to other nearby accounts within the local electricity
service provider’s jurisdiction. This means that a good portion

At Honeywell, she manages a portfolio of remediation sites
throughout the United States and Europe that range fromlarge-scale sediment remediation projects to Superfund sites,
among others.
Honeywell’s “reuse first” practice views idle properties as assetsthat can be revitalized to mutually benefit communities andthe company. To date, Honeywell has successfully revitalized
approximately a dozen properties totaling around 400 acresthat span city and suburban sites, coastlines and waterways.
Many properties involved complex cleanup requirements toaddress their legacy of heavy manufacturing.
Honeywell | Environmental | 50

HOME

HONEYWELLOVERVIEWESG APPROACHof all the electricity consumed by all of our environmental
Operation and Maintenance obligations in Syracuse aresupported by renewables.
“We definitely are seeing a paradigm shift toward the beneficial
reuse of dredged and excavated materials,” she said. “Other
techniques of green remediation include the use of renewables
to offset long-term Operation and Maintenance activities and,COMMITMENT
TO ESGENVIRONMENTAL

SOCIAL

GOVERNANCE

where feasible, using biodiesel or other more sustainable fuels
during construction.”project with a greater economic potential that brings jobs to thearea.”

While cost is a major consideration, other factors affectremediation projects, Telano said. “A major hurdle is striking abalance among the visions of multiple stakeholders. Sometimes
people want to see a brownfield turned into a natural area forrecreation, while others may want to see a larger redevelopment“Ultimately you want to create a new space that harmonizes
with the surrounding community,” she said. “The goal is to help
provide socioeconomic revitalization while also looking foropportunities to restore the local ecology.”

Honeywell | Environmental | 51

HOME

HONEYWELLOVERVIEWESG APPROACHCOMMITMENT
TO ESGENVIRONMENTAL

SOCIAL

GOVERNANCE

PRODUCTSTEWARDSHIPFor Honeywell, making products safer for people and the planet issystematically considered at the design stage of all products. As
Honeywell businesses invent new tools and solutions, we take deliberate,
strategic steps to improve each innovation’s eco-efficiency.
Specifically, we evaluate new products by gauging their potential to:
Reduce the use of natural resources during manufacturing and distribution
Increase the energy efficiency of the product itself or because of its use
Reduce production waste
Identify opportunities for product reuse and recycling
Utilize recycled or renewable materials
Reduce and eliminate classified toxic or hazardous materials
Be packaged more efficiently

Honeywell | Environmental | 52

HOME

HONEYWELLOVERVIEWESG APPROACH

PRODUCT COMPLIANCE
We are committed to ensuring that our products are
manufactured to comply with environmental regulations in themarkets we serve.
Our Global Product Stewardship team is responsible for the
management of environmental compliance activities.

COMMITMENT
TO ESGENVIRONMENTAL

SOCIAL

GOVERNANCE

Regulatory monitoring, combined with expertise and internal
procedures, helps ensure comprehensive programs are inplace throughout Honeywell to manage and meet regulatory
requirements such as:• REACH (Registration, Evaluation, Authorization andRestriction of Chemicals)• RoHS (Restriction of Hazardous Substances)• TSCA (Toxic Substances Control Act)• GHS (Globally Harmonized System of Classification andLabelling of Chemicals)• WEEE (Waste Electrical and Electronic Equipment)
To meet regulatory requirements, we actively engage with our
suppliers to obtain chemical substance information for thematerials they supply as well as the sourcing of minerals used.

REACH
We are committed to ensuring all our products manufactured in
or imported into the European Union comply with REACH
legislative requirements. Honeywell has regulatory management
systems in place to support ongoing compliance activities tomonitor the Candidate List and European Chemical Agency’s
recommendations for authorization.
Honeywell has submitted dossier updates when required andcontinues to meet communication requirements todownstream users.

EXTENDED PRODUCER RESPONSIBILITY
Extended Producer Responsibility (EPR) is an environmental
policy approach in which a producer’s responsibility for a
product is extended to the post-consumer management of
the product and its packaging. Honeywell complies with alllegal requirements for EPR either directly or by working withaccredited recycling partners or networks to ensure proper endof-life treatment of our products to avoid any impacts to theenvironment. Potentially applicable regulations include:• Waste Electrical & Electronic Equipment (WEEE)• Battery recycling obligations• Packaging recycling obligations
Our New Product Introduction requirements help ensure that
EPR strategies are considered during the design and packaging
of products.
Honeywell | Environmental | 53

HOME

HONEYWELLOVERVIEWESG APPROACHCOMMITMENT
TO ESGENVIRONMENTAL

SOCIAL

GOVERNANCE

SOCIAL

Honeywell | Social | 54

HOME

HONEYWELLOVERVIEWESG APPROACHCOMMITMENT
TO ESGENVIRONMENTAL

SOCIAL

GOVERNANCE

OUR
FUTURESHAPERS
From solving global challenges to supporting
our local communities, every Honeywell
Futureshaper on the team helps make it happen.

MAKE AN IMPACT

We are connected by our common purpose: To transform theway the world works with innovative technologies and to help
create a more sustainable future.
Futureshapers are thinkers, dreamers, doers andinnovators. Together we commit to ensuring a respectful
and inclusive culture that enables career growth, continuous
learning and development, and support for well-being.
Our talent strategy is underpinned by these values andcommitment to enabling each Futureshaper to make an
impact, make real connections and make the best you. Built
around an end-to-end approach of plan, attract, develop andengage, our strategic talent agenda is aligned with businessgoals and objectives and holistically supports the acquisitionof new skilled talent while investing in development, growthand succession of our current Futureshapers. From learning,development and enabling leadership capabilities, to digital
HR technology transformation and engagement, our talentstrategy encompasses the full employee lifecycle.

MAKE REAL CONNECTIONS

MAKE THE BEST YOU
Honeywell | Social | 55

HOME

HONEYWELLOVERVIEWESG APPROACHCOMMITMENT
TO ESGENVIRONMENTAL

SOCIAL

GOVERNANCE

ATTRACTING
THE BEST TALENT
Attracting and recruiting top talent is foundational to our success. “Building Exceptional
Talent” is one of Honeywell’s Six Behaviors and emphasizes the importance of developing
all Futureshapers, while continuing to attract top talent to the organization.
In 2022, improving speed and reducing time to fill critical talent roles remained a focus for talent hiring.
Strategic decisions to refine our support model to meet demand resulted in further insourcing and expansionof recruitment teams. That included more than tripling the in-house team to optimize search capabilities for
key levels and positions. Assessments were further implemented for internal and external applicants, aiding
in identifying the best talent for open roles and enabling Futureshapers to develop and grow their careers at
Honeywell. Assessment support materials included recruiter and hiring manager training and the addition of
150 internal coaches to support new hires and internal candidates not hired for positions.
We recognize the importance of a diverse workforce and hiring managers are provided training andresources to reinforce their role in bringing diverse talent into the organization.
We invest in internal talent mobility through promotions and internal hiring. Thoughtful succession
planning enabled by a digital succession health dashboard gives managers insight to 10 indicators ofhealth and viability of succession plans. This helps drive real-time targeted manager actions. Succession
plans are grounded in career pathing and ensure employee career goals are captured through manager
planning. Artificial intelligence and machine learning are also optimized to improve matching capabilities. In
2022, through effective succession planning, 74% of People Leader roles, 76% of executive roles and 79% of
mid-level roles were filled internally.

Honeywell | Social | 56

HOME

HONEYWELLOVERVIEWESG APPROACH

DEVELOPINGSKILLSAND GROWINGCAREERSLEARNING AND DEVELOPMENT
Investing in skill development and enabling Futureshapers togrow their careers through a range of learning offerings is a
top priority. In 2022, over 2,093,000 learning, development
and training hours were completed. This demonstrates ourcommitment to continuous learning, which is core to our culture
and long-term business growth strategy.
We offer an extensive suite of mandatory and voluntary
technical and functional training to ensure new skills are
gained while compliance requirements are met globally. Ourcontemporary, interactive and accessible learning platform,
Accelerator Learning, combines over 22,100 virtual learning
modules, practice tools and templates with instructor-led
open enrollment programs to advance professional skills andpersonal development. Futureshapers were assigned andachieved 98% completion of role-specific learning journeys
to further their knowledge and understanding of tools andprocesses specific to the “Honeywell way of working,” ensuring
alignment and common understanding across the organization.

COMMITMENT
TO ESGENVIRONMENTAL

In addition, we introduced new Functional Learning Academies
designed to offer role-specific knowledge, guides, development,
tools and resources. Functional Learning Academies are for all
Futureshapers in, or aspiring to, a function-specific role.

“The Academy trainings are directly
applicable to my job and engaging. I foundthem to be aptly balanced – bothinformative and interactive. The concise
trainings are an efficient use of time on
topics relevant to my role.”
Saurabh Chokshi,
Program Lead, Honeywell Process Solutions

SOCIAL

GOVERNANCE

Feedback and development opportunities identified in the
Performance and Development process are factored in whenemployees, in partnership with their managers, create Individual
Development Plans (IDP). They identify their career goals andaspirations, and then create tangible action plans to addressdevelopment areas and prepare for their next career moves.
These action plans encourage alignment to the Experiential
Learning Model to achieve an optimum development plan.
Twice-annual Career Conversations between managers
and employees are a standard part of the talent cycle andare dedicated to discussing potential career paths and theindividual development plan actions that can be taken toachieve these goals.
Our commitment to developing our Futureshapers directly
connects to our promote-from-within philosophy. Through afocus on learning and development, we encourage multiple
paths to progression, which is reflected through ~19,000
promotions, lateral moves and progressions in 2022.

CAREER GROWTH
Our Experiential Learning Model integrates 70% on-the-job
experience, 20% coaching and 10% formal learning to develop
relevant and practical skills to drive positive succession
outcomes. This learning model aligns and supports our robust,
annual Performance and Development process. Employees
engage in annual goal setting to align on objectives to support
business goals and participate in mid-year and end-of-year
discussions around results, behaviors and opportunities fordevelopment. 99.7% of employees established goals as part ofthe process.  
Honeywell | Social | 57

HOME

HONEYWELLOVERVIEWESG APPROACHMEET ESG FUTURESHAPER: DERAIN PILLAY

COMMITMENT
TO ESGENVIRONMENTAL

From executive to manager, our programs continue to evolvewith market and business priorities. Participants gain essential
knowledge and skills related to making an impact throughdriving business results and helping them be their best as
people-leading Futureshapers. Our broad portfolio of leadershipdevelopment programs in 2022 included:• Executive Development Program: Senior development
program that gives strong leaders skills to prepare for senior
executive leadership.

Mentor. Coach. Diversity champion. Business leader.
Derain’s greatest passion is serving people and extracting
their best performance. He leads a diverse team that ispioneering automation systems and measurement
devices that improve operations across the globe.
Derain’s work is making customer processes more
efficient, safe and reliable.

LEADERSHIP PROGRAMS
Effective and impactful leadership is central to deliveringbusiness results, creating transformational products andservices and engaging and retaining our top talent. Leadershipdevelopment is a robust mix of in-person development
coaching, mentorship, peer sharing and virtual learning
modules, case studies and best practice resources. We had over
9,800 participants in executive, management and functional
development programs, which significantly feeds our strongroles-filled-by-succession percentage.

• Management Development Program: Develops highperforming leaders into transformational executives preparedto take the next big step.

SOCIAL

GOVERNANCE• Critical Talent Programs: Targeted leadership development
providing skills, business acumen and transformational
approaches for future roles as Chief Commercial Officer,
Chief Technology Officer and General Manager.
• Manager Meet Up: Bi-monthly sessions with mid-to-seniorlevel people leaders. Discussions include business strategy
and critical priorities to better facilitate communication withleaders and engage managers to help flow-down throughout
the organization.

MEET ESG FUTURESHAPER: MEAGAN LEWIS• Women’s Career Advancement Program and Diversity
Career Advancement Program: Seeks to empower
participants through workplace training and development,
as well as by helping Make Real Connections and expanding
internal networks for promotional opportunities.
• Leadership Development Program: Develops skills,
experience and resilience to successfully lead today andshape the future in expanded leadership roles.
• Honeywell Leadership Edge: Progressive, virtual leadershipdevelopment program required for all mid-level managers,
covering skills such as building exceptional talent, applying
business acumen, inspiring innovation and developing
committed people leadership.

Meagan is passionate about making an impact, whether
she is helping our customers reach their carbon
neutrality goals or helping employees develop theircareer goals.

• Empower: Monthly people-leader sessions focusing on
peer-to-peer best practice-sharing around critical businessand talent management priority areas.
Honeywell | Social | 58

HOME

HONEYWELLOVERVIEWESG APPROACHCOMMITMENT
TO ESGENVIRONMENTAL

SOCIAL

GOVERNANCE

ENGAGING OUR
FUTURESHAPERSVOICE OF THE EMPLOYEE
Listening, learning and taking action is a key componentof our engagement approach. The Voice of the Employee(VOE) feedback survey is conducted annually with all global
Futureshapers. It provides data and tools to leaders at all levels
to best drive actionable plans around employee engagement andbuild Honeywell’s desired culture that attracts and retains top
talent, improves performance and distinguishes the company as
a great place to work.
In our most recent survey, we had a 85% response rate acrossthe company globally with over 90,000 written comments.
Insights gained showed Futureshapers are excited about the
future of Honeywell, how their role contributes to the company’s
success and how committed they are to customer’s needs.

Honeywell | Social | 59

HOME

HONEYWELLOVERVIEWESG APPROACH

For employees in the United States, this year’s survey also
included five optional questions for voluntary self-identificationof diversity demographic information. The data collectedfrom the diversity demographic questions will help inclusionand diversity initiatives by further understanding how diverse
employees experience work at Honeywell.
MEET ESG FUTURESHAPER: CASEY MOORECOMMITMENT
TO ESGENVIRONMENTAL

WELL-BEING
The health, safety and well-being of our Futureshapers ispriority number one. As part of our Futureshaper “Make theBest You” principle, our well-being strategy provides benefits
and resources across physical, mental, financial and individual
needs, helping Futureshapers and their families be their best,
both personally and professionally.
Throughout 2022, there were several well-being campaigns toprovide visibility to resources and available benefits across a
range of topics from health and wellness programs to caring foryour family and taking care of finances. Mental health remains
an important topic and was promoted globally during Mental
Health Awareness month. A variety of benefits and resourceswere promoted; Futureshapers engaged in peer-to-peer sharing,
discussing their personal stories and best practices; and twolive webinars were hosted, Minding Your Mental Health andEmbracing Resilience, with over 5,000 employees participating.

Casey is at the forefront of purpose-driven
communication about sustainable technologies. As along time Girl Scout, Casey developed a love andconnection to the planet. Scouting and family taught herthat even small efforts such as recycling can have a large
impact when we commit to it together. Now she’s taking
the message to the Honeywell organization and beyondin an inviting and inclusive way. As a lead project
manager, Casey’s responsible for sharing the message
about sustainable technologies and the Futureshapers
behind the innovations that are helping Honeywell meetits 2035 sustainability commitment.

Available to all employees and their family members aroundthe globe, the Employee Assistance Program provides therapy
sessions, comprehensive mental health benefits to thoseenrolled in the U.S. medical plan, virtual mental health options
and navigation tools to improve access and speed of care; andpreventive/mental health resilience programs.
Our 3+ flexible work arrangement globally helps support
Futureshapers with the flexibility they need while providing
opportunities for connection and collaboration while in theoffice.

SOCIAL

GOVERNANCE

To support the diversity of our workforce across the globe,
Honeywell offers a number of country-specific benefit
enhancements that covers flexible benefits, infertility services,tutoring and support for raising children, surgery supportand health and wellness incentive-based challenges andinformation platforms.

PHYSICAL
Understand personal health risks and thetools available to address them

MENTAL
Access the behavioral healthcare systemthrough multiple channels

FINANCIAL
Understand any financial gaps, set goals andutilize tools and resources to achieve goals

INDIVIDUAL
Programs and policies that provide supportof our diverse workforce

Honeywell | Social | 60

HOME

HONEYWELLOVERVIEWESG APPROACHCOMMITMENT
TO ESGENVIRONMENTAL

SOCIAL

GOVERNANCE

INCLUSION AND DIVERSITY:
A FOUNDATIONAL PRINCIPLE
I&D PRIORITY AREAS
Inclusion and Diversity (I&D) is a foundational principle at Honeywell, both because it’s the right thing to
do and because it’s a fundamental enabler for our business. From recruitment to employee experience andpartnerships, the company fully embraces diversity and inclusion – encouraging respect to flourish andinnovation to thrive.
With our global programs and inclusive culture, we recruit, develop, retain and promote diverse talent.
We continue to build partnerships with diverse organizations and develop resources to support diverse
employees. All Futureshapers are held accountable to actively support I&D in words and actions.
The company’s Chief Inclusion and Diversity Officer and I&D leaders for each business unit lead threestrategic priority areas:

REPRESENTATION• Cultivate a workforce that reflects
our communities and the world

RECOGNITION• Be a global employer-of-choice
for I&D

RETENTION• Create employee development andadvancement opportunities• Sustain a pipeline of diverse talentfrom campus to the C-Suite• Leverage our culture as acompetitive advantage• Foster community engagement andbelonging• Promote a culture of inclusion,accessibility and respect• Lead on I&D practices• Offer competitive compensation,
rewards and recognition
Honeywell | Social | 61

HOME

HONEYWELLOVERVIEWESG APPROACHCOMMITMENT
TO ESGENVIRONMENTALSANDRA BARBOSACHIEF INCLUSION& DIVERSITY
OFFICER AT
HONEYWELL
Sandra is Honeywell’s Chief Inclusion & Diversity Officer. She
has more than 18 years of experience with Honeywell, having
most recently served as Vice President of Human Resources
and Communications in Latin America and Canada.   
She is just the second person to hold the title of Chief Inclusion& Diversity Officer at Honeywell, accepting the challenge offurther developing this fundamental corporate principle that has
resulted in the creation of numerous programs and activities
to actively recruit, develop and retain talent from diverse
backgrounds and cultures who bring different experience,
perspectives, abilities and ideas. Honeywell fosters an inclusive
environment in which all employees feel valued, respected andaccepted.
Sandra holds a degree in Business Administration from
Universidade São Judas Tadeu, and a Master’s degree from
Universidade Presbiteriana Mackenzie. She recently provided
some of her viewpoints on the future of I&D at Honeywell.

SOCIAL

GOVERNANCE

Q. What made you interested in pursuing a career ininclusion and diversity?
No one in my family had gone to college, but my father used
to tell us about the lawyers and other professionals he would
speak with while a salesman in Brazil. He would ask them about
their careers, and sharing those stories with us opened a whole
new world of what I could accomplish if given the opportunity. I
believe that’s true for everyone with a dream.  
Having begun my career at Honeywell as a student and abusiness analyst before transitioning to Human Resources, I
saw first-hand the value of a diverse workforce. When I arrived
in Mexico, there was a limited number of women in leadershiproles at manufacturing facilities, so we developed programs andinitiatives to improve inclusivity on all levels.
Q. What do you see as your biggest challenges in yournew role?
I want to continue building on the strong foundation createdby my predecessor, Cheya Dunlap. She did a phenomenal job.
I want to continue applying both a global and local lens to
I&D and resistance to change. Some people may resist I&D
efforts out of fear, not knowing what to do, and feeling that it isunnecessary, irrelevant or even unfair.
I also see an opportunity to strengthen the business case for
I&D as an enabler for innovation, which is core to Honeywell’s
success and one of our CEO’s priorities.
Honeywell | Social | 62

HOME

HONEYWELLOVERVIEWESG APPROACH

Q. Honeywell I&D has created numerous employee
networks. Can you provide an update?
We have nine global employee networks and more than 12,000
employees who are members of at least one network.
Open to all employees, these networks foster collaboration
and belonging, enabling everyone to share and learn from one
another and fully contribute at work and in the community in an
inclusive and supportive environment.
They include Honeywell AllAbilities Employee Network;
Honeywell Asian Employee Network; Honeywell Black Employee
Network; Honeywell Growing Experience Employee Network;
Honeywell Hispanic Employee Network; Honeywell LGBTQ+
Employee Network; Honeywell Veterans Employee Network;
Honeywell Women’s Employee Network; and Heighten Your
Professional Experience/Early Career Employee Network.
Our I&D Steering Committee, sponsored by CEO Vimal Kapur,
Senior Vice President and General Counsel Anne Madden, andSenior Vice President and Chief Human Resources Officer
Karen Mattimore, represents all of the global networks, as wellas our five Strategic Business Groups and Regions globally.
We meet regularly to review progress areas and support
needed. In July, we held our second Employee Network
Leadership Meeting where we brought together the Network
Leaders and members of the I&D Steering Committee. We
focused on the Network Group’s strategic plans, including thefurther globalization of our I&D initiatives. We’re targeting our
networks because they do a great job in providing professional

COMMITMENT
TO ESGENVIRONMENTAL

development opportunities for their members and they support
us in key elements of our talent development process. Our next
frontier is how do we become business resource groups.
Q. Are you developing any additional partnerships outside
the corporation?
We’ve established numerous business partnerships throughour employee networks. Each network has a budget to makecharitable donations to organizations that represent theirdemographics. Some of those strategic partnerships, including
Honeywell Black Employee Network and Honeywell Hispanic
Employee Network, are expanding outside of the United States.
Q. What’s new with Inclusion and Diversity Month?
I&D Month has been highly successful in introducing andeducating employees on the importance of inclusion, and wecontinue to focus on making I&D a way of life at Honeywell.  
I aspire to help shape a work environment in which employeesof different backgrounds and cultures can work together to dotheir best and to leverage their differences to make Honeywell
better. To do this, we need to make sure everyone has inclusive
leadership skills.  
We continue to apply our I&D philosophy to everything we
do internally and externally. We need to remove the barriers
to success, such as unintentional bias, so we can haveparticipation from all employees across the globe to best
support our customers.

SOCIAL

GOVERNANCE

Q. What are your other long-term goals?
My ultimate goal is to help shape a work environment in which
Honeywell employees of all backgrounds and cultures leverage
their differences to make Honeywell even more effective.
To do this, we need to make sure everyone has the Inclusive
Leadership Skills to help Honeywell adapt to diverse customers,
markets, ideas and talent. This is one of my main focuses
because inclusiveness permeates our daily routines such as
going to lunch or attending meetings. We need to create tools
for employees to help them better understand what it means tobe an inclusive leader – things they should and shouldn’t do.  
Also, we are looking for employees to actively participate inproviding input on how Honeywell can make its products moreglobally accessible. Our AllAbilities Network has developed
an “Ideathon” in which employees can submit ideas andsuggestions dealing with how accessibility can enhance
our offerings, our brand, our working communities and ourcompany culture. Accessibility makes this world a better andmore inclusive place for all, provides equal access to everyone,
promotes usability and allows people with disabilities to actively
participate in our society and business.
Another goal is to better engage with front-line workers. They’reso critical for our manufacturing operations. To do that, we needto support local I&D efforts, providing the right framework andsupport for site leaders.
Honeywell has made great strides in a short period, and I believe
we have in place the leadership and programs to continue on
this path.
Honeywell | Social | 63

HOME

HONEYWELLOVERVIEWESG APPROACHCOMMITMENT
TO ESGENVIRONMENTAL

SOCIAL

GOVERNANCE

I&D
IN ACTIONTALENT ACQUISITION
National Partner of the Year for the 48th National Society of Black Engineers (NSBE)
Annual Convention
At the 48th National Society of Black Engineers Annual Convention, in March 2022, Honeywell wasrecognized during the Golden Torch Awards as the National Partner of the Year. Honeywell received
this award for its investment and involvement at all levels of NSBE (K-12, Collegiate, and Professional),
including the NSBE/Honeywell Integrated Pipeline Program (NHIPP) and supporting the Summer
Engineering Experience for Kids (SEEK) program and NSBE Professional Development Conference. The
NHIPP is part of a three-year partnership with NSBE that focuses on Science, Technology, Engineering,and Mathematics (STEM) education for youth, collegiate scholarships and professional development.
Honeywell made offers to more than 80 students in 2022.

TALENT DEVELOPMENT
Diversity Career Advancement Program (DCAP) and Women’s Career Advancement Program (WCAP)
Honeywell’s Diversity Career Advancement Program (DCAP) and Women’s Career Advancement Program(WCAP) are designed to empower a class of participants through workplace training and development andthrough expanding internal networks for promotional opportunities. Participants are paired with executive
sponsors who advocate for them and their career aspirations. The year-long program includes monthly
executive sponsor connects, monthly virtual meetings and an in-person session with executive sponsors,
alumni and current year participants. Participants graduate in December with a virtual ceremony. Alumni
get involved in future program activities by serving as speakers and sponsors.

Honeywell | Social | 64

HOME

HONEYWELLOVERVIEWHOW TO FORGE
YOUR OWNCAREER PATH:WOMEN
SHARE THEIR
EXPERIENCES

ESG APPROACHCOMMITMENT
TO ESGENVIRONMENTAL

In your professional life, this could translate to taking on a
new project that excites you or expressing interest in a
new challenge.
But how do you actually take that leap?
“Take responsibility and initiative to reach out and connect
with people that are in a role you are interested in,” says Erika
Kauffman, a Finance Director.

Paola Hernandez, a Communications Leader, says: “Think about
where your skills and talents meet the needs of society.”

Being an innovator often means carving your own path.

GOVERNANCE

Maybe that means approaching an obstacle from adifferent perspective or by utilizing existing technology fora new application.

“When given the opportunity to share your perspective, do so,”says Dionne Hamilton, a business General Counsel.

Women who are a part of career advancement programs at
Honeywell share perspectives on professional growth – fromembracing non-linear journeys to working with mentors
and sponsors.

SOCIAL

Erika, Dionne and Paola are members of this year’s Diversity
Career Advancement Program (DCAP) and Women’s Career
Advancement Program (WCAP) cohorts. The programs aredesigned to empower a class of participants through workplace
training and development, as well as through expanding theirinternal networks for promotional opportunities. Participants arealso paired with executive sponsors to help advocate for themand their career aspirations.
Get inspired by Erika, Paola and Dionne’s insights on taking
charge of your professional growth.

Erika Kauffman
Finance Director
Q. How can women forge their own career paths?
Take responsibility and initiative to reach out and connect withpeople that are in a role you are interested in, to understandtheir responsibilities, background and skills they needed in theircareer growth to get to that point. And then speak with yoursupervisor or mentor on how you can develop those skills so you
can be ready for the next opportunity.
Q. Tell us about how the Women’s Career Advancement
Program is helping you make an impact.
It has already been impactful for me by connecting me withpeople of diverse backgrounds and roles. I have already learnedof new potential opportunities. And personally, I have learned
more about Inclusion and Diversity and how it benefits us all toembrace diversity in our teams.
Honeywell | Social | 65

HOME

HONEYWELLOVERVIEWESG APPROACHCOMMITMENT
TO ESGENVIRONMENTAL

summarize the program in one word. I chose “intentional.”
The participants, sponsors and organizers are all focused on an
intentional mission to increase diversity within Honeywell at thehigher levels of the enterprise. That is enormously inspiring tome. During the program and immediately thereafter, I expanded
my Honeywell network exponentially. With that network, mypast and current experience – and by implementing myindividual development plan – DCAP has set me up for greater
success at Honeywell which is impactful for me both personallyand professionally.
Dionne Hamilton
Business General Counsel

Keep focused on your objective, seek advice and input fromthose who have been successful in their journey, take on a highvisibility assignment, and when given the opportunity to shareyour perspective, do so.

Paola Hernandez
Communications Senior Director
Q. How can women forge their own career paths?

Q. Tell us about how the Diversity Career Advancement
Program is helping you make an impact.
At the end of the first DCAP session I attended, I was asked to

GOVERNANCE

down with yourself first and evaluate where you see yourself infive to 10 years, that’s a good place to start. Think about where
your skills and talents meet the needs of society.
I knew since I was in college that a career in communications
was the right fit for me because I’ve always been outspoken,
I like to write, I am a very good planner and am a detailedoriented person. These are all attributes that have contributed
to my successful career in communications. I would also saythat relationships are very important. Don’t burn bridges, treat
everyone with respect, and always do the best job you canregardless of the circumstances you may find yourself in.
Q. Tell us about how the Diversity Career Advancement
Program is helping you make an impact.

Q. How can women forge their own career paths?

The path is not necessarily an upward linear trajectory. Theremay be curves, and sometimes downward slopes to get on adifferent path, to reach that overarching objective. No journey isthe same. Know that others have helped to forge that path andare there to help along the way.

SOCIALI would start by getting to know yourself better. Looking back, I
wish had spent more time learning more about myself and what
I enjoy doing versus just following a standard path. If you sit

The DCAP program has been incredibly refreshing. I had theopportunity to meet and learn from really smart and committed
individuals at Honeywell. I also especially enjoyed listening
to external speakers who helped reinforce the importance ofbeing an inclusive leader. As I grow my professional as well as
ministerial leadership skills, this is certainly a priority. Having
come from a Hispanic background with limited financial
resources and role models, my perspective may be different
from someone who never went through that experience. Thishighlights how important it is for us to approach people asindividuals, and this program brought this to light in a simple
yet impactful way.
Find more stories featuring Futureshapers, and learn about
Honeywell’s commitment to inclusion and diversity.

Honeywell | Social | 66

HOME

HONEYWELLOVERVIEWESG APPROACHCOMMITMENT
TO ESGENVIRONMENTAL

SOCIAL

GOVERNANCE

INCLUSIVE LEADERSHIP

BRANDING AND COMMUNICATION
Driving Innovation with Diversity
As Futureshapers, Honeywell employees make an impact,
make real connections and commit to personal growth andwellness. To attract and retain diverse talent, the company
aims to showcase its culture and values as well as its
commitment to I&D. The Honeywell Futureshapers brandcampaign continues to focus on storytelling featuring a highly
diverse group of Honeywell employees. It seeks to humanize
the brand by authentically tying innovative solutions andtechnologies back to talented employees who think big andmake it happen. Our Futureshapers are the driving force behind
Honeywell technologies shaping the future. We firmly believe
employees’ dedication and ingenuity drives our success anddefines us as a company.

Building Strong Teams Through Inclusion and
Empathic Leadership
Developing and nurturing inclusive leaders and enriching theworkplace with educational experiences to promote inclusionand diversity remains a top priority for Honeywell. The company
continues to deploy unconscious bias and inclusive leadershiptraining to educate all employees and influence behavior. Ourevent series, “Building Strong Teams Through Inclusion and
Empathic Leadership,” brought together leaders and highlighted
the value of empathic leadership skills to foster a more inclusive
workplace. From the C-suite to the shop floor, company leaders
are expected to exemplify behaviors that promote an open andinclusive culture. Honeywell helps managers develop this skill
as they do any other leadership skill, by applying our Code ofBusiness Conduct, training programs, interactive learning andreal-time events.  

STRATEGIC PARTNERSHIPS
Visionary Sponsor for the Annual Society of Hispanic
Professional Engineers (SHPE) Convention
The Society of Hispanic Professional Engineers is the largest
association in the U.S. for Hispanics in science, technology,
engineering and math (STEM) careers. As a proud partner of
SHPE, Honeywell was the exclusive visionary sponsor for theannual SHPE National Convention in Charlotte, N.C. More than
100 of our employees were involved in the event. Futureshapers
shared Honeywell’s story, networked and helped recruit top
talent. As part of Honeywell’s partnership, Suresh Venkatarayalu,
Senior Vice President, Chief Technology and Innovation
Officer and Honeywell Hispanic Employee Network (HHEN)
Executive Sponsor, was the keynote speaker at the group’s STARAwards. Cheya Dunlap, Vice President, Human Resources andCommunications, Performance Materials and Technologies(PMT), participated in a leadership panel. Futureshaper Maira
Garcia, Senior Advanced Systems Engineer, Aerospace, received
a prestigious SHPE Star Award in the Diversity category.
Honeywell | Social | 67

HOME

HONEYWELLOVERVIEWESG APPROACHCOMMITMENT
TO ESGENVIRONMENTAL

SOCIAL

GOVERNANCE

HONEYWELLEMPLOYEE NETWORKSHONEYWELL ALLABILITIES EMPLOYEE NETWORK (HAEN)MEET ESG FUTURESHAPER: ANNI LANO

• During National Disability Employment Awareness Month, former CEO Darius Adamczyk
joined dozens of CEOs in pledging to hire inclusively, contract with disability-owned businessenterprises and create accessible tools and technology for all.
• Honeywell was named a 2022 Best Place to Work for Disability Inclusion by Disability:INand the American Association of People with Disabilities. At the Disability:IN conference,
Honeywell’s Josh Pascoe and Lisa Bickel were named recipients of the 2022 ERG Executive
Sponsor of the Year Award.
• Honeywell’s AllAbilities Employee Network recently hosted a company-wide Accessibility
Ideathon. Employees submitted 75 innovative and inclusivity-driving ideas on how to extend
accessibility within our offerings, communities, facilities and processes.

Anni is an enthusiastic Senior Talent Manager with significant experience in talentmanagement, accessibility, diversity, equity and inclusion. As a leader in the AllAbilities
Network, Anni advocates for making the world accessible for Honeywell employees,
customers and communities we serve.

Honeywell | Social | 68

HOME

HONEYWELLOVERVIEWESG APPROACHCOMMITMENT
TO ESGENVIRONMENTAL

SOCIAL

GOVERNANCE

HONEYWELL ASIAN EMPLOYEE NETWORK (HASEN)

HONEYWELL BLACK EMPLOYEE NETWORK (HBEN)• The network launched on March 1, 2022.

• Honeywell hosted the Kappa Alpha Psi Fraternity Undergraduate Leadership Institute (ULI)
in June 2022. The 2022 class of nearly 90 scholars representing 78 colleges and universities
traveled to Honeywell’s global headquarters where they heard from Senior Vice President
and Chief Financial Officer Greg Lewis, experienced the technology within the headquarters
building, networked with Honeywell’s Black Employee Network members and learned about
early career programs.  

• Initiatives such as a South Asian Film Festival, cultural dress days and events with seniorleaders highlighted Asian culture for solidarity and knowledge-sharing purposes.  
• Various sites across the globe celebrated cultural holidays such as Chinese New Year, Diwali,
the Moon Festival, Holi and more. HASEN representatives at each site celebrated with cultural
foods and educational materials.
MEET ESG FUTURESHAPER: CANDY CHATAWANICH• HBEN, in collaboration with various employee network allies, offered several events, sessions,activities and informational campaigns throughout the year, including programming tocelebrate Martin Luther King Jr. Service Day, Black History Month and Juneteenth.
• Honeywell was a proud Platinum Sponsor at the National Society of Black Engineers’
Professional Development Conference. HBEN leaders participated in the event as panelists,
workshop leads, recruiters and brand ambassadors.

Candy is engineering safer, quieter, and more fuel efficient missions. A college entry essayon microbes used to clean oil spills in the ocean inspired Candy’s path to becoming anengineer and having a real, practical impact on the world. Today, she’s leading a global
team of engineers that ensures travelers and cargo travel safely, efficiently and on time. In
addition to her engineering role, she also leads HASEN.
Honeywell | Social | 69

HOME

HONEYWELLOVERVIEWESG APPROACHCOMMITMENT
TO ESGENVIRONMENTAL

SOCIAL

GOVERNANCE

HEIGHTEN YOUR PROFESSIONAL EXPERIENCE (HYPE)/EARLY CAREER

HONEYWELL HISPANIC EMPLOYEE NETWORK (HHEN)• The network officially launched June 29, 2022.

• Honeywell was recognized by Prospanica, a nonprofit organization dedicated to empowering
Hispanic professionals, for the partnership to increase and maintain representation of
Hispanics in leadership through talent development and advancement efforts.

• Honeywell was recognized during the 2022 Women’s Choice Awards as being among the“Best Companies to Work For” in both the Diversity and Millennials categories. Data wascompiled from a variety of publicly available sources and evaluated based on inclusion criteria.
Companies that surpass the organization’s highest standards win the award.
• Honeywell was recognized as one of the Top 100 internship programs in 2022 by talentacquisition companies Yello and Wayup for the company’s efforts to provide opportunities forunconscious bias training, employee network participation, community building and more.

• As part of the celebrations for Hispanic Heritage Month, HHEN hosted a fireside chat withmembers of Honeywell’s Board of Directors, George Paz and Grace Lieblein. George and Graceshared their career journeys as Hispanic professionals and their advice to Futureshapers.
• HHEN members participated in various Society of Hispanic Professional Engineers initiatives
throughout the year, including the Southern Methodist University-Cox leadership program andthe Mentor SHPE resume review.

MEET ESG FUTURESHAPER: KHENDA MCINTEE

Senior IT Analyst Khenda McIntee is always seeking to learn new skills, make connections
and create ideas. She is a member a co-chair of the HYPE network where she fosters acommunity for early career professionals to share challenges, resources and best practices.
Honeywell | Social | 70

HOME

HONEYWELLOVERVIEWESG APPROACHCOMMITMENT
TO ESGENVIRONMENTAL

SOCIAL

GOVERNANCE

HONEYWELL GROWING EXPERIENCE EMPLOYEE NETWORK (HGEN)

HONEYWELL LGBTQ+ EMPLOYEE NETWORK• The network launched with a kick-off event in October 2022.  

• Honeywell received the Rainbow Tick certification in New Zealand for its work in creating an
open, diverse and inclusive workplace environment for employees in the LGBTQ+ communities.
The Rainbow Tick program is a continual quality improvement program supporting workplace
inclusion and diversity for members of the LGBTQ+ communities.

• This network is for experienced and inter-generational professionals who want to use theirunique career experiences to build an inclusive and impact-driven workplace.
• In partnership with the HYPE Network, HGEN launched a mentorship program to connect
employees with mentors who can offer insight, advice and opportunity, ultimately helping
early-career employees navigate the next stage of their careers.

• During June Pride Month celebrations, the network hosted more than 40 global events to
support, celebrate and educate employees.   
• Honeywell Mexico was awarded the “Best Places to Work LGBTQ+” certification in the Human
Rights Campaign Foundation’s (HRCF) annual Human Rights Campaign Equidad MX:
Programa Global de Equidad Laboral, a survey evaluating LGBTQ+ workplace inclusion within
major Mexican businesses and multinationals.

Honeywell | Social | 71

HOME

HONEYWELLOVERVIEWESG APPROACHCOMMITMENT
TO ESGENVIRONMENTAL

SOCIAL

GOVERNANCE

HONEYWELL VETERANS EMPLOYEE NETWORK (HVEN)

HONEYWELL WOMEN’S EMPLOYEE NETWORK (HWEN)• HVEN was a proud sponsor in the 5th Annual Travis Mills Golf Fundraiser in Mesa, Ariz. The
Travis Mills Foundation supports veterans and their families through various programs that
help these heroic men and women overcome physical and emotional obstacles, strengthen
their families and provide well-deserved rest and relaxation.

• During International Women’s Day 2022, then-Honeywell CEO Darius Adamczyk explained
how the company intentionally invests in strong female leaders by providing programs that
help women develop skills and gain experience that advance their careers.

• HVEN’s local chapters participated in several volunteer activities throughout the year. For
example, the Minnesota Chapter raised more than $1,000 to support the Minnesota Special
Olympics as part of a “Plane Pull” event. The Honeywell team pulled a 23-ton plane across thefinish line in about 14 seconds, which earned them third place.
• HVEN hosted and supported multiple virtual webinars including a military benefits
presentation for HVEN members and career fairs in support of recruiting veteran talent to
Honeywell.

• In August, HWEN hosted a power walk in partnership with the non-profit organization Dress for
Success. The network mobilized employees across the globe.  
• More than 100 Honeywell colleagues gathered in Houston, Texas, at WE22, the world’s largest
conference for women in engineering and technology. The event, organized by the Society of
Women Engineers (SWE), offered a valuable combination of networking, community building,recognition, professional development and inspirational content for women in engineering andtechnology professions.

Honeywell | Social | 72

HOME

HONEYWELLOVERVIEWESG APPROACHCOMMITMENT
TO ESGENVIRONMENTAL

SOCIAL

GOVERNANCECORPORATESOCIALRESPONSIBILITY
Honeywell’s global Corporate Social
Responsibility initiatives improve lives andinspire change in communities aroundthe world. Our partnerships and programs
emphasize science, technology, engineeringand mathematics (STEM) education;
sustainability; humanitarian relief; andemployee volunteerism – underpinned by ourcommitment to advance inclusion and diversity.
By contributing our resources and unique expertise throughemployee volunteerism, Honeywell has delivered significant
and meaningful results in the local communities where wework and live.

Honeywell | Social | 73

HOME

HONEYWELLOVERVIEWESG APPROACHCOMMITMENT
TO ESGENVIRONMENTAL

SOCIAL

GOVERNANCE

SHAPING THE NEXT
GENERATION OF
INNOVATORS
Honeywell has partnered with organizations
around the world to make science, technology,
engineering and math (STEM) accessible
and engaging to our next generationof Futureshapers. These programs andopportunities help put learning into action
to inspire young people to pursue studies
and careers in STEM-related disciplines.
Every community needs a STEM-trained workforce of diverse
individuals who are curious and eager to solve the world’s mostpressing problems. We look forward to seeing these future
innovators bring their ideas to life.

Honeywell | Social | 74

HOME

HONEYWELLOVERVIEWESG APPROACHCOMMITMENT
TO ESGENVIRONMENTAL

SOCIAL

GOVERNANCE

STEM CHALLENGES AND PROGRAMSINVESTING IN STEM EDUCATION

Honeywell has partnered with a variety of sports organizations
to deliver unique STEM experiences that are especially relevant
to children.

Honeywell launched an Industrial Automation Lab inconjunction with the University Politehnica of Bucharest’s
Department of Automation and Computer Science to help
students in Romania build the technical skills and knowledge
required to join, compete and succeed in the global industrial
automation sector. The state-of-the-art, hands-on lab is
Honeywell’s third at the university in the last two years andthe seventh lab opened by our Honeywell team in technicaluniversities across the country.

Honeywell’s Futureshaper Robotics Program with the Arizona
Diamondbacks MLB team provides STEM activities for youngfans and hosts a robotics challenge for area schools. Highschool teams traveled to Chase Field in Phoenix to enter theirrobots in a pitching competition. The winning teams earned
grant funding for their schools.
The NBA’s Charlotte Hornets and Honeywell partnered with
non-profit Digi-Bridge for its second annual “Futureshaper
Design Experience.” The competition challenged students tocreate, manufacture and present fashion eyewear concepts to
Hornets player Kelly Oubre Jr. for one of his gameday outfits.
The challenge concluded with a design showcase event wherestudents pitched their final eyewear designs to the basketballstar and guests.

In South Africa, Honeywell partnered with the Gauteng
Department of Education to open a STEM lab at the St.
Barnabas School of Specialization to boost digital skills among
participants. This program is one of many in the country
designed to upskill local students and match them with STEMfocused jobs.

AN OUT-OF-THIS-WORLD STEM EXPERIENCE
The Honeywell Leadership Challenge Academy infuses STEM
curriculum and leadership development into a week-long camp
for students. Hosted at the U.S. Space and Rocket Center inHuntsville, Ala., students from around the world form teams tobuild and launch model rockets, successfully complete space
missions, and learn new skills that apply on earth and in space.
Since starting the program in 2010, Honeywell has sponsorednearly 3,000 students to attend the unique space camp
experience.
Honeywell | Social | 75

HOME

HONEYWELLOVERVIEWESG APPROACHSUSTAINABILITY
TAKES ROOT
Honeywell is committed to minimizing
carbon emissions and enabling ways to be
more sustainable as a corporation. Our CSR
charter is designed to drive programs that
help us build sustainable ecosystems in thecommunities we serve across the globe.
PLANT THE FUTURE PROGRAM
Honeywell Hometown Solutions India Foundation (HHSIF), aphilanthropic arm of Honeywell, partnered with the Give Me
Trees Trust to launch “Plant the Future - A million tree project.”

COMMITMENT
TO ESGENVIRONMENTAL

SOCIAL

GOVERNANCE

The initiative supports the United Nations Decade of Ecosystem
Restoration, which aims to protect and revive ecosystems
across the globe. Plant the Trees took root in 2022 with anambition to plant 1 million saplings across 10 cities by 2032.
On April 22 – globally observed as Earth Day – Honeywell
and Give Me Trees conducted a tree planting event in Pune
and Bengaluru. More than 1,000 employee volunteers from
Honeywell planted over 2,000 trees. It was the first kick-off
activity of the three-year partnership between HHSIF and Give
Me Trees.

FUTURESHAPER SUSTAINABILITY CHALLENGE
During the Futureshaper Sustainability Challenge, Honeywellpartnered with the NFL’s Carolina Panthers to give students
the opportunity to innovate new solutions to improve recyclingat Bank of America Stadium, where the football team plays. The
students worked with Honeywell engineers to create prototypes
and later pitched their ideas, Shark-Tank style, to a panelof judges, including Panthers’ offensive tackle Ikem “Ickey”
Ekwonu.
The new concepts ranged from ideas to collect and compost
excess food to ways to use reusable and biodegradable
materials.
The winner received a Honeywell grant to go to their school’s
sustainability efforts, as well as recognition during halftime of
the game. Students from Thomasboro Academy clinched thewin with their “Packseez for your Snackeez” idea, which involves
a reusable food and drink container fans could be rewarded forusing on game day.
Honeywell | Social | 76

HOME

HONEYWELLOVERVIEWESG APPROACHCOMMITMENT
TO ESGENVIRONMENTAL

SOCIAL

GOVERNANCE

VOLUNTEERINGFOR THEGREATER GOOD
Honeywell’s annual Global Volunteering Month is a tradition
that encourages our entire workforce to put their time andtalents to work for the greater good.
During the 2022 Global Volunteering Month, Honeywell
employees enlisted their friends and families to plant urban
gardens, collect clothing for donations, mentor students, packhundreds of pounds of food to feed hungry families, and more.
With hundreds of activities occurring around the globe in just30 days, Honeywell employees quadrupled our previous years’
investment in local communities, totaling more than 21,000
volunteer hours throughout the year.

Honeywell | Social | 77

HOME

HONEYWELLOVERVIEWESG APPROACHCOMMITMENT
TO ESGENVIRONMENTAL

SOCIAL

GOVERNANCE

FUTURESHAPERS
MAKING AN IMPACT“Whether it’s putting together schoolsupplies for 25,000 students, pruning 200+
trees with TreeCare Charlotte, or helping
run real-world financial simulations for local
schools at Junior Achievement, Honeywellhas given me the opportunity to invest incauses and communities that I care deeply
about.”“Honeywell has established great
relationships with not-for-profits inCharlotte. The volunteer opportunities haveallowed me to apply my skills; assistingwith both STEM and Sustainability
Programs. This has been a win/win for me not only have I been able to make an impact
on their initiatives, but I have met many new
people and learned from those to whom I
have volunteered my time.”
Sandra Bumstead
Senior Director, IT

Austin Beebe
Senior Talent Acquisition Specialist“Many say that time is the most valuable
resource and for me one of the mostgenerous offers, so I like to use mine on
activities that enrich and fulfill me while
giving back to the community. I am happy
that Honeywell provides us with the avenue
to accomplish that.”
Sandra Papp
ISC Project Management Manager

Honeywell | Social | 78

HOME

HONEYWELLOVERVIEWESG APPROACHCOMMITMENT
TO ESGENVIRONMENTAL

SOCIAL

GOVERNANCE

HUMANITARIAN RELIEF POWERED BY EMPLOYEE GIVINGRELIEF FUND IN RESPONSE TO TURKEY-SYRIA EARTHQUAKEWhen a natural disaster strikes, the Honeywell Humanitarian Relief Foundation (HHRF) acts
quickly, delivering direct assistance to employees and communities in need. The employeefunded nonprofit organization is designed to assist in both the immediate and long-term housingneeds of Honeywell employees impacted by a natural disaster.

Following a devastating earthquake in February 2023 on the Turkey-Syria border, causing
extensive damage and the loss of thousands of lives, we worked with our global humanitarianrelief partner, Operation USA, to launch the Earthquake Relief Fund to support the region’s rescue
and rebuilding efforts. Through an employee donation campaign and company match, Honeywellcontributed more than $320,000 to help those most impacted by the catastrophic natural
disaster.

Since the HHRF began in 2005, more than $7.7 million in relief assistance has been donated bythousands of employees and provided to 2,619 employees. In 2022, the HHRF gave $82,000
to 74 employees. Generous employee donations also helped the HHRF rebuild 930 homes, four
schools, nine medical clinics and one elder-care center.

Honeywell | Social | 79

HOME

HONEYWELLOVERVIEWESG APPROACH

BRIDGING THE
DIGITALDIVIDE GAP,ONE LAPTOPAT A TIME
In today’s tech-forward world, it is critical that every home hasaccess to the digital realm to do the basics like banking, healthcare, schoolwork, job applications, learning new skills andconnecting with loved ones.

COMMITMENT
TO ESGENVIRONMENTAL

SOCIAL

GOVERNANCE

Opening the digital doors for everyone is essential for upward
economic mobility. Honeywell is dedicated to supporting efforts
that close the digital divide, eliminating the gap between those
who have and do not have access to devices, affordable internet
service and digital skills.
With this goal in mind, Honeywell committed to donating
13,000 laptops in the Charlotte, N.C., region to non-profit
partner Eliminate The Digital Divide (E2D). The non-profit
agency works to give students affordable access to essential
at-home technology and digital literacy training to support
academic success.
This $5 million market value investment will play a significant
role in helping achieve the goal of reducing the digital dividein the Charlotte area. Honeywell’s gift will help shape a bright
future for families, directly impacting 40,000 North Carolinians.
E2D computers are used by an average of 3.2 family members
per home, with 90% of laptops going to racially and ethnicallydiverse households.
In addition to the laptops benefiting qualifying families, thesignificant size of the donation allowed E2D to hire more
students to work in the non-profit’s computer labs to refurbish
the laptops and prepare them for distribution. Many of thesestudents are recruited from Title 1 schools and are preparing towork in STEM fields.
“With this donation, the largest in E2D’s history, the Charlottecommunity is now 13,000 laptops closer to ensuring every
home has a device and affordable internet service to be able toengage with the digital world,” said Sheila Jordan, Senior Vice

President and Chief Digital Technology Officer at Honeywell.
“This is essential for upward mobility and improved qualityof life.”
Honeywell’s gift is the latest in a series of commitments
to improve racial equity and economic mobility. In recent
years, Honeywell has committed more than $10 million toopportunity-based initiatives, including the Small Business
Innovation Fund, the STEM Scholars Academy at Central
Piedmont Community College and the Charlotte-Mecklenburg
Schools Teacher Incubator.
“This is just the tip of the iceberg when it comes to Honeywell’scommitment to boosting digital opportunity for all, and we lookforward to continuing to make an equitable future,” said Jordan.
With this laptop donation, Honeywell has set the bar for our
corporate peers in the region. Our hope is that others follow suitby donating their used devices. Together, we can continue todevelop sustainable solutions that bridge the digital divide.
Honeywell | Social | 80

HOME

HONEYWELLOVERVIEWESG APPROACHCOMMITMENT
TO ESGENVIRONMENTAL

SOCIAL

GOVERNANCE

GOVERNANCE

Honeywell | Governance | 81

HOME

HONEYWELLOVERVIEWESG APPROACHCOMMITMENT
TO ESGENVIRONMENTAL

SOCIAL

GOVERNANCE

Honeywell, led by the Board of Directors
and management team, remains steadfastly
committed to complying with laws andregulations in all jurisdictions in which we dobusiness and to meet environmental, socialand governance performance standards.
This long-term strategy supports our Code of BusinessConduct and Honeywell’s position as one of the world’s largest
and most admired companies, as designated by Forbes.
Honeywell | Governance | 82

HOME

HONEYWELLOVERVIEWESG APPROACH

INTEGRITY ANDCOMPLIANCECOMMITMENT
TO ESGENVIRONMENTAL

Through close collaboration with risk area owners and subject
matter experts, Honeywell’s Integrity and Compliance teamrevises the Code of Business Conduct every year to ensure it
remains up to date. The Code is translated into 28 languages.
The Code affirms our commitment to:

Our Code of Business Conduct is a baseline set of requirementsthat defines how we treat employees, customers, suppliers,
shareholders and communities around the world. It also
empowers employees to recognize and report integrity andcompliance issues, and to contribute toward upholding a work
environment where everyone is treated ethically and withrespect.

• Workplace respect, diversity and inclusion• A work environment in which employees can communicate
openly and voice concerns without fear of retaliation,
intimidation or harassment• A safe and healthy workplace• Honest and fair business practices, avoiding conflicts ofinterests and prohibiting improper payments• Maintaining accurate books and records• Robust data privacy and sound cybersecurity practices

ORGANIZATION AND LEADERSHIP
Honeywell’s Integrity and Compliance Program is a Corporate
Center of Excellence that provides a strong second line ofdefense to support our daily business operations. The company
has a dedicated Integrity and Compliance organization that isled by the Vice President and Chief Compliance Officer, who
also serves as Corporate Secretary and the Vice President andGeneral Counsel, ESG. Both have direct access to the Board of
Directors.

SOCIAL

GOVERNANCE

These individuals co-chair the Corporate Integrity andCompliance Council, which includes integrity and compliance
representatives from each strategic business group and region,
as well as representatives from key compliance functions
such as Cybersecurity, Data Privacy, Health and Safety, andProcurement. The Council monitors compliance with Honeywell
policies and applicable laws and regulations, evaluates andmonitors trends arising from misconduct investigations,promotes awareness of integrity and compliance topics
throughout the organization, shares insights from employee
ethical culture surveys, drives best practices, provides feedback
on global integrity and compliance program enhancements andassists in development and implementation of integrity andcompliance initiatives.
The integrity and compliance representatives from the strategic
business groups and regions are responsible for effective
implementation and continuing effectiveness of integrity
and compliance initiatives in the areas they represent. Their
responsibilities include monitoring trends and concerns
arising from misconduct investigations, providing feedbackon the program and sharing lessons learned for continuous
improvement.
The Integrity and Compliance organization also appoints Ethics
Ambassadors who serve as liaisons for integrity and complianceactivities at Honeywell locations around the world. Their key
responsibilities include driving integrity communication andawareness efforts and collaborating with the Integrity andCompliance organization to advance program objectives tofurther an ethical culture in our businesses and locations.

Honeywell | Governance | 83

HOME

HONEYWELLOVERVIEWESG APPROACHCOMMITMENT
TO ESGENVIRONMENTAL

SOCIAL

GOVERNANCE

INTEGRITY AND COMPLIANCE
THERE ARE NO SHORTCUTS
Honeywell has built a legacy of providing a wide range of
products and services that solve some of the world’s toughest
challenges.

history; it’s something we should be very, very proud of, andit’s something that we need to maintain for ourselves, for ourcustomers and for the next generation of Futureshapers.”

The pressure to maintain this high level of performance falls on
every employee.

“Put simply, if we compromise on our integrity, our ethics, ourvalues, it would be the equivalent of building something really
grand on a very weak foundation that will fall apart at any
moment,” said Billal Hammoud, President and CEO – Honeywell
Building Technologies. “There’s nothing we do that will everjustify compromising our integrity and ethics.”“Solving complex problems and doing so quickly, is part of what
we do at Honeywell,” according to George Koutsaftes, President
and CEO – Safety Productivity Solutions. “So acting with asense of urgency is key to what we do.”It’s how employees react at that moment that reveals theirintegrity and defines the corporation’s reputation.
“Business pressure can come in many forms, whether it’s atight deadline, a financial target or a challenging customer
relationship,” Kevin Dehoff, President and CEO – Honeywell
Connected Enterprise, added. “However, there is never an
excuse to compromise our integrity. We must always strive to
make decisions that align with our values and the standards ofthis organization.”“Our values and our behaviors are very, very important to us,”
Boldea pointed out. “Way more important than living up to afinancial commitment that we made for a given time frame. So
none of our team members should ever feel the pressure tocompromise their integrity, their ethics, their values to achieve a
short-term business result.”“We benefit as a company by having a brand that means
integrity,” said Lucian Boldea, President and CEO – Honeywell
Performance Materials and Technologies. “It’s a legacy; it’s a
Honeywell | Governance | 84

HOME

HONEYWELLOVERVIEWESG APPROACH

And that responsibility begins with management.
Our senior executives set the expectation that it ismanagement’s responsibility to uphold the ethics and integrityof our company, “As leaders, we bear a huge responsibility tomake sure that our team members believe that integrity is more
important than short-term results.”“It first starts with leading by example,” Koutsaftes said. He said
leaders can:• Show your team how you make decisions every day that arematerial, important decisions. There’s no gray line that you
straddle – it’s black and white.
• Make clear communications and regular communications
to your people. Inform them of the importance of our value
framework of ethics and integrity.
• Make sure you are responsible, and you have a system ofbeing responsive to your people. Give them the opportunity toescalate their concerns where ethics and integrity might be inquestion.
“There are a number of ways to raise a concern in our company,”
Boldea said. “We don’t want anybody to feel pressured here.
Frankly, if you’re working in an environment where you feelpressured to do something unethical, you should speak up, even
if it means filing a complaint anonymously or unanonymously.”

COMMITMENT
TO ESGENVIRONMENTAL

SOCIAL

GOVERNANCE“As leaders, we need to create an environment where employees
feel comfortable raising concerns and seeking support whenfacing difficult ethical dilemmas,” Dehoff added.
“I don’t want to have a single team member come into work
thinking they cannot do the right thing out of risk for retaliationor out of pressure that they perceive if such a situation exists,”
Boldea emphasized.
“It’s not a balancing act to make urgent decisions along with our
ethics and integrity,” Koutsaftes said. “It starts with the valuesof ethics and integrity about how we conduct our business. And
that makes it easy for us to make daily decisions that are urgent
in nature that recognize the value and foundations of ethics andintegrity.”
Honeywell has an open-door policy in which all employees canand should raise any concerns about integrity and complianceto the ACCESS Integrity Helpline or any of the reporting
channels available, the executives said.
“If anyone thinks they are under pressure to compromise, theyshould stop – talk to HR, talk to their manager, call the integrity
line,” Hammoud said. “We have plenty of avenues here that arevery safe to report any such pressure. We compete effectively,
and we do things the right way. That’s the Honeywell way.
Period.”Honeywell | Governance | 85

HOME

HONEYWELLOVERVIEWESG APPROACH

BOARD OVERSIGHT
The Board of Directors has overall oversight responsibility for
integrity and compliance at Honeywell, and the Corporate
Governance and Responsibility Committee (CGRC), theAudit Committee and the Management Development andCompensation Committee (MDCC) each play a role in providing
oversight over Honeywell’s Integrity and Compliance program.

COMMITMENT
TO ESGENVIRONMENTAL

The MDCC receives quarterly summaries detailing any
significant, substantiated human resources investigations(including those involving discrimination, harassment,
workplace respect and workplace violence) and disciplinary
actions taken in response.

KEY ELEMENTS OF OUR INTEGRITY ANDCOMPLIANCE PROGRAM

The CGRC receives reports from the Chief Compliance Officer
at each meeting. Topics reported by the Chief Compliance
Officer include the company’s integrity and ethics program,whistleblower and investigations program, ethics assessment
results and critical regulatory compliance programs.

• The ACCESS Integrity Helpline is a 24-hour, multilingual
service operated by an independent third-party provider thatis open to all internal and external stakeholders.

The Audit Committee receives annual reports regarding
the company’s compliance risk management program andquarterly reports detailing significant accounting and controls
investigations, along with disciplinary and other corrective
actions taken in response to substantiated allegations.

• An Ethics Ambassador Program empowers business leaders
around the globe to champion integrity and compliance
topics with employees.

• Integrity and Compliance councils operate at the corporate,business unit and regional levels.

• Mandatory company-wide training for all employees inhealth, safety and environmental responsibility, nondiscrimination, harassment, conflicts of interest, anticorruption, cybersecurity, data privacy and trade controls.
• Robust and frequent communications to engage all levels of
the company on the criticality of integrity and compliance.
• Comprehensive training on key compliance topics in over 20
languages.
• Essential compliance tools that offer real-time visibility intobusiness transactions.

SOCIAL

GOVERNANCE• Global compliance teams in regions at elevated risk forcompliance concerns.
• Frequent self-assessments, independent internal and thirdparty reviews and audits of compliance risk areas.
• Internal risk assessments evaluate the strength of our ethics
and compliance program against standards informed bygovernment authorities and industry best practices.
• Robust integration processes ensure newly acquiredcompanies understand and comply with Honeywellprinciples, policies, and procedures.
• The Internal Audit organization conducts independent auditsof various compliance program elements to help ensure
policies and procedures are operating as designed.

ANTI-CORRUPTION PROGRAM
Honeywell has a well-established, global anti-corruption
program designed to detect, investigate and remediate any
issues related to potential anti-corruption and anti-bribery
concerns using modern, digital tools and experienced, globallydispersed personnel located in high-risk regions to execute theelements of the program.
The foundation of this program is our company-wide anticorruption policy. Available in over 20 languages, this policy
applies to all employees, directors, sales intermediaries,
suppliers and vendors, and prohibits offering, making or

Honeywell | Governance | 86

HOME

HONEYWELLOVERVIEWESG APPROACH

accepting a bribe; making any facilitation payments or retaining
a third party when there is a reason to suspect an improper
payment.
Honeywell’s anti-corruption organization is led by our Vice
President and General Counsel for Anti-Corruption, who
supervises a team of professionals with diverse backgrounds
in law, auditing and analytics. The team is dispersed globallywith on-the-ground presence in key geographies. Honeywellalso has a due diligence and analytics center of excellence
responsible for maintaining compliance processes, conducting
due diligence on customer and supplier third parties, and using
data analytics to identify indicators of risk.

HONEYWELL HAS IMPLEMENTED A SUITEOF DIGITAL TOOLS AND PROCESSES TOENABLE THE ANTI-CORRUPTION PROGRAM,INCLUDING A HONEYWELL-UNIQUE RISK MAP
BASED UPON OVER 1,000 DATA ELEMENTS.

Honeywell uses a risk assessment to allocate resources andimplement standard risk mitigation actions based upon theanti-corruption risk profile of our business that includes
tailored in-person and online annual anti-corruption training.
Honeywell requires all payments to commissioned sales agentsto be processed through its sales intermediary end-to-end
tool, a homegrown digital process that engages in automatedscreening for risk, enables mandatory advanced approvalof commissioned sales agents, and blocks payments until

COMMITMENT
TO ESGENVIRONMENTAL

SOCIAL

GOVERNANCE

verification that a proper basis for payment has been logged
into the approval system. Honeywell also conducts continuous
monitoring of suppliers through its supplier due diligenceprogram.

INTEGRITY AND ETHICS CERTIFICATION, TRAINING
AND COMMUNICATION
To hold our workforce to Honeywell’s integrity and ethics
standards, all officers and employees are required to complete
annual Code of Business Conduct training, and, wherepermitted by law, Honeywell requires all officers and employees
to annually certify their compliance with its tenets.
Honeywell is committed to obtaining annual Code of BusinessConduct certification from 100% of all eligible employees at
all levels of the organization, including production employees,
part-time employees and interns. The completion status of thistraining and certification requirement is reported to the CGRC
each year. Honeywell also requires individual contractors andsubcontractors to complete Code of Conduct training as part oftheir onboarding process.
Honeywell’s mandatory, annual Code of Business Conduct
training and certification process ensures that all eligible
employees receive training on high-priority integrity andcompliance topics on a timely and regular basis. Topics thathave been addressed include workplace harassment, conflictsof interests, anti-corruption, accurate books and records,
cybersecurity and data privacy.

New employees must complete Code of Business Conduct
training within 30 days of hire. We also assign othercomprehensive and mandatory compliance learning within 60
days of hire depending on the new employee’s role and location,
including training related to handling conflicts of interests, anticorruption, antitrust, records management, data privacy andcybersecurity.
Honeywell empowers and expects our people managers tocommunicate openly with their team members regarding theimportance of conducting themselves with integrity. That
includes fostering an environment that encourages candid
discussion of integrity and compliance topics and how to raise
and report any instances of ethical misconduct. The Integrity
and Compliance team works with the Communications
Department to establish an annual communications plan basedon misconduct violation trends, enterprise risk management
Honeywell | Governance | 87

HOME

HONEYWELLOVERVIEWESG APPROACH

results and audit findings. The communications plan includes
initiatives to drive integrity awareness communications across
Honeywell, including through town halls, newsletters andmonthly integrity awareness manager toolkits that provide
people managers with ready-to-use materials to support
discussion of integrity and compliance topics with their teams.
Monthly integrity awareness communications have covered
topics such as workplace respect, diversity and inclusion,
conflicts of interest, anti-corruption and the importance of
accurate books and records.

WHISTLEBLOWER PROGRAM
Honeywell ensures allegations of suspected violations of theCode of Business Conduct, company policies and applicablelaws or regulations are investigated promptly, thoroughly,competently and confidentially. Honeywell’s ACCESS Integrity
helpline is a 24-hour, multilingual service operated by anindependent third-party provider that enables any internal orexternal stakeholder to report known or suspected violations.
Anyone who reports a concern has the option to do soanonymously.

HONEYWELL INVESTIGATES ANDRESPONDS TO 100% OF THE ALLEGATIONSREPORTED THROUGH ACCESS INTEGRITY
or otherwise brought to the attention of the Integrity andCompliance organization. Employees found to have engaged
in conduct that is a violation of our Code of Business Conduct,
company policy, or applicable laws or regulations are subject to

COMMITMENT
TO ESGENVIRONMENTAL

discipline, up to and including termination, in compliance withall local requirements.
Honeywell will not tolerate any form of retaliation for goodfaith reporting of actual or potential misconduct andcommunicates this policy to all employees, including throughtraining required as part of the annual Code of BusinessConduct certification process that applies to all employees
where legally permissible. Our no-retaliation policy requires
employees who report a compliance concern or suspectedviolation in good faith will not be subject to any disciplinary
action or reduction in force without the advance approval of the
Law Department. Honeywell investigates and responds to all
allegations of retaliation in any form, including but not limited
to threats, harassment, reprimands, suspension of payment ofcompensation or benefits, transfers or demotions.

HUMAN RIGHTS
Honeywell’s Code of Business Conduct, Supplier Code ofBusiness Conduct, and our Human Rights Policy addressa broad range of human and workplace rights in our global
operations and supply chain to ensure fairness, ethical behavior,dignity, and respect.

HONEYWELL’S COMMITMENT TO HUMAN RIGHTSIS GROUNDED IN INTERNATIONAL HUMAN
RIGHTS PRINCIPLES THAT INDEPENDENTORGANIZATIONS HAVE PROPOSED, SUCH AS
THE UNITED NATIONS GUIDING PRINCIPLES ON

SOCIAL

GOVERNANCE

BUSINESS AND HUMAN RIGHTS, TEN PRINCIPLES
OF THE UNITED NATIONS GLOBAL COMPACT,THE INTERNATIONAL LABOR ORGANIZATION’SDECLARATION ON FUNDAMENTAL PRINCIPLES
AND RIGHTS AT WORK,
and all applicable laws of the jurisdictions where we operate.
Our Human Rights Policy applies to all Honeywell workers
worldwide, including contingent workers, agents, and candidates
for hire. Honeywell also requires suppliers to uphold humanrights principles as described in Honeywell’s Supplier Code of
Conduct. These expectations are endorsed by Honeywell’s Chief
Executive Officer and are reinforced through various internaland external communication channels.
Key elements of our Human Rights Policy include inclusion anddiversity, workplace respect, freedom of association, a safe andhealthy workplace, workplace security, work hours and wages,
forced labor and human trafficking, child labor and rights oflocal communities and those who live and work there.
In 2023, Honeywell conducted a global human rights impact
assessment to better understand Honeywell’s potential
human rights impacts through the support of an expert
advisory firm. Comprising interviews with internal stakeholders,industry information, country risk information and review of
documentation, the assessment has informed improvement
areas that are being considered to improve our policies,
processes, training and other compliance controls in place tocontinue to fulfill our Human Rights commitments.
Honeywell | Governance | 88

HOME

HONEYWELLOVERVIEWESG APPROACHCOMMITMENT
TO ESGENVIRONMENTAL

SOCIAL

GOVERNANCEDATA PROTECTION
AND CYBERSECURITY
Honeywell is committed to protecting the personal data of
employees, customers, suppliers and others who entrust theirdata to us as well as the technology resources we provide to
our employees and others. As such, Honeywell has in placeappropriate data privacy and cybersecurity organizational
structures, policies and procedures to respect individual privacy
rights and promote data protection and information security.

Honeywell | Governance | 89

HOME

HONEYWELLOVERVIEWESG APPROACHDATA PRIVACY GOVERNANCE
Honeywell’s Global Data Privacy Program led by our Chief
Privacy Officer includes a dedicated in-house data privacy teamwithin the Law Department (the “Data Privacy Function”), whichmonitors developments in data privacy regulation globally.
The Data Privacy Function is responsible for overseeing ourdata protection strategy and its implementation to ensurecompliance with applicable data protection regulations
worldwide. A Data Privacy Governance Council led by the
Chief Privacy Officer and comprised of cross-functional seniorleadership meets regularly for strategic alignment and policy
decision-making. A Digital Marketing Governance Council, led
by the Chief Privacy Officer and senior Sales and Marketing
leadership, promotes collaboration on data privacy issues indigital marketing and online advertising.

DATA PRIVACY PRINCIPLES
Honeywell’s data privacy policies and practices have been
established across Honeywell’s products and business

COMMITMENT
TO ESGENVIRONMENTAL

GOVERNANCE

SOCIAL

operations and promote adherence to data privacy principles
commonly recognized around the world, including:• We fairly and lawfully process personal data for legitimate
business purposes.
• We strive to use the minimum amount of personal dataneeded to accomplish our objectives and avoid processing
personal data when possible.
• We do not share personal data with anyone, inside or outside
our Company, who does not have a business need to know it.
• We make our privacy practices transparent and clear toindividuals.
• We provide mechanisms for individuals to exercise applicablelegal rights.
• We have measures in place to comply with applicable law
regarding cross-border data sharing.
• We securely delete personal data when it is no longer needed
and in accordance with our Records Management Policy.
• We secure personal data in accordance with global standards.

TRAINING AND AWARENESSAt Honeywell, we ensure our employees understand dataprotection is everyone’s responsibility. Toward that end,
Honeywell deploys mandatory all-employee training on data
privacy and cybersecurity issues during onboarding and as
part of annual Code of Business Conduct training. Honeywellalso requires job-specific data privacy training for certain
roles. We conduct phishing scenario learning experiences andcybersecurity knowledge campaigns to maintain awareness ofthese ongoing threats.

PRIVACY AND SECURITY BY DESIGN
Honeywell applies data privacy and security-by-designprinciples from the beginning stages of the development of
products, processes, systems and services involving personaldata, leveraging a robust Privacy Impact Assessment programand data lifecycle design practices. Our processes incorporate
data privacy and cybersecurity starting at the beginning of any
new product development process, in-depth security testing
throughout the development process and review before those
products or services are released, updated or offered for sale to
Honeywell customers. Our approach to product cybersecurity
also includes vulnerability management, incident response andsecurity bulletins.
Honeywell | Governance | 90

HOME

HONEYWELLOVERVIEWESG APPROACHCYBERSECURITY
Honeywell’s cybersecurity framework safeguards theconfidentiality, integrity and availability of information assets
and ensures that all regulatory, operational and contractual
requirements are fulfilled. Our policies and practices include
regular internal and external audits; vulnerability assessments
and penetration testing of the company’s systems, products
and practices; and robust measures to monitor and respondto data breach and cybersecurity incidents. The frameworkis aligned to industry standards including: NIST SPs 800-53
and 800-171, International Organization for Standardizations(ISO) 27001, 27702 and 22301, Payment Card Industry Data
Security Standard (PCI DSS), Sarbanes Oxley (SOX) and the
Cloud Security Alliance (CA) program. In addition, the company
has received Cyber Essential Scheme (CES) certification and
ISO 27001 certification for certain businesses, complies with
the IASME standard, has completed the Cyber GRX Tier 3
assessment and maintains a cybersecurity insurance policy.

COMMITMENT
TO ESGENVIRONMENTAL

SOCIAL

GOVERNANCE

Honeywell leverages a defensive in-depth model forcybersecurity, enabling multiple levels of protection against
threats. Our integration of protective and detective controls
helps us prevent, defend and rapidly respond to security risks
for both our internal systems and customer-facing products
and services. Our program is built on industry standards andconstantly evolves to meet the ever-changing threat landscape.

AUDIT
Honeywell’s Corporate Audit department provides independent
assurance in accordance with Institute of Internal Auditors
standards (IIA). Corporate Audit is directly responsible to
Honeywell’s Audit Committee on behalf of the Board of
Directors and is not constrained by management in theperformance of its duties. Corporate Audit periodicallyevaluates Honeywell’s governance and operations related
to cybersecurity and privacy to determine that risks areappropriately identified and managed, ensure compliance to
the Company’s policies and procedures, and adherence with allapplicable laws and regulations.

SUPPLIER RISK MANAGEMENT
Honeywell’s Supplier Risk Management standard establishes
requirements for engaging and managing suppliers who
process, store, produce, communicate with or otherwise access
Honeywell information, assets or services. Our Supplier Codeof Business Conduct and contracts require suppliers comply
with privacy and cybersecurity requirements, and suppliers thatprocess personal data on behalf of Honeywell or our customers
are required to comply with stringent data processing standards.

INCIDENT RESPONSE
Honeywell maintains robust data privacy and cybersecurity
incident response policies and procedures that allow us torespond responsibly and promptly to potential data security
incidents. Our incident response standards, processes
and procedures include incident identification, responsemanagement, root cause analysis and reporting, including
appropriate disclosures to regulators, law enforcement, affectedindividuals, customers and other stakeholders in accordancewith law, contract and relevant standards.
Honeywell | Governance | 91

HOME

HONEYWELLOVERVIEWESG APPROACHCOMMITMENT
TO ESGENVIRONMENTAL

SOCIAL

GOVERNANCE

MEET ESG
FUTURESHAPERS“I love working for a company that shares
my values and fosters an environment ofcommunity – both in our buildings and in
our towns. Honeywell provides us the time,
space and encouragement to participate invarious types of pro bono projects. Offering
support to the most vulnerable members of
our community is the right thing to do, andhas the added benefit of being incredibly
rewarding, personally and professionally.”
Dawn Savarese
Assistant General Counsel, Productivity Solutions
and Services“As a member of Honeywell’s Litigation
Center of Excellence (CoE), I am responsible
for managing and supporting the eDiscovery
response for litigation including strategy androadmap development, provider management
and cost-saving initiatives. I love that Honeywell
encourages the exploration of innovative andcreative technologies to solving the world’s mostcomplex eDiscovery-related challenges.
In 2022, we assessed and employed the use ofanalytics, artificial intelligence, machine learningand other technologies, resulting in significant
risk and cost reductions for our organization.
Technology is constantly changing, and as aresult, we’re learning how to use it to shape thefuture. I’m so excited to learn more about how tomake a difference in this space!”
Sarah Sawvell
Legal Operations Manager

Honeywell | Governance | 92

HOME

HONEYWELLOVERVIEWESG APPROACHCOMMITMENT
TO ESGENVIRONMENTAL

SOCIAL

GOVERNANCE

BOARD OFDIRECTORSThe Board of Directors’ Corporate Governance andResponsibility Committee (CGRC) places an emphasison ensuring Board members demonstrate the rightleadership traits, personality, work ethic, independence
and diversity of background to align with Honeywell’s
performance culture and long-term strategic vision.
When identifying Board candidates, the CGRC requires qualified
candidates who are diverse with respect to race, ethnicity and/or
gender are included in the pool from which any new director nominee
is selected, and that one or more diverse candidates are interviewed
before a successful candidate is identified.
This is to ensure we continue to enhance both the diversity of theBoard and the perspectives and values that are discussed in Boardand committee meetings.
The Board uses a skills and experience matrix to facilitate the review
of our directors’ skills versus those deemed necessary to oversee
the company’s current strategy. The skills included in the matrix are
evaluated against the company’s articulated strategy each year so thematrix can serve as an up-to-date tool for identifying director nominees
who collectively possess the complementary experience, qualifications,skills and attributes to guide the company.
Honeywell | Governance | 93

HOME

HONEYWELLOVERVIEWESG APPROACH

BOARD OF DIRECTORS HIGHLIGHTS1• 9 of 11 directors are independent

COMMITMENT
TO ESGENVIRONMENTAL

the senior leaders accountable for the respective areas. The
Board leverages our Enterprise Risk Management program andstrategic planning process to identify and prioritize ESG risks
and opportunities, assess the company’s performance andmonitor risk mitigation efforts.

• 4 new directors added in the last 4 years• 4 of 11 directors are women• 5 of 11 directors are ethnically or racially diverse• 1 of 3 committees is chaired by a woman• 8 of 11 directors have CEO experience• ~6.5 years average tenure• Skills and experiences aligned to our strategic
direction• Requirement to interview diverse candidate
1

As of April 6, 2023

BOARD OVERSIGHT OF ESG
The Board and the CGRC proactively oversee the company’s
overall environmental, social and governance (ESG)
performance. The CGRC has responsibility for reviewing
Honeywell’s ESG performance, strategies, goals and objectives,
monitoring ESG risks and opportunities, and overseeing
ESG disclosure. Each Board committee then has oversight
responsibility over discrete ESG risk and opportunity areas asdelegated by the Board, supported by regular engagement with

ENTERPRISE RISK MANAGEMENT
The Board uses an Enterprise Risk Management (ERM) program
as a key tool for understanding the range of risks facing
Honeywell, as well as assessing the design and effectivenessof management’s processes, procedures and practices for
mitigating those risks. The ERM assessment deployed bymanagement is robust, based on both an enterprise-wide“top down” and “bottom up” view of commercial, strategic,
legal, compliance, cyber and reputational risks, and thestrategies in place to mitigate those risks. The ERM framework
also incorporates ESG risks and opportunities, enabling athorough assessment of the company’s performance acrossthe ESG landscape. As part of the ERM program, there areseveral distinct touchpoints with each SBG Leadership Teamthroughout the year and other strategic functional leaders
to discuss results of risk assessments performed throughthe year and emerging risks. The Vice President and staff ofthe Corporate Audit Department, and the Vice President andGeneral Counsel, ESG, facilitate the ERM program and areprimarily responsible for the annual assessment. The SeniorVice President and Chief Financial Officer and the Senior Vice
President and General Counsel review ERM results with the full
Board, the CGRC and Audit Committee each year. As part ofcontinuous improvement for the ERM program, benchmarking

SOCIAL

GOVERNANCE

is conducted by the ERM Global Leader with other relevant
industry peers and consulting and risk management firms toidentify best practices and deploy risk management programsor risk framework improvements.

SHAREOWNER ENGAGEMENT
Honeywell maintains a robust shareowner engagement programthat features year-round opportunities for its Board andsenior management, including our independent Lead Director,
the chairs of our Corporate Governance and Responsibility
Committee (CGRC) and Management, Development andCompensation Committee (MDCC), and executive officers,
to engage in dialogue with key stakeholders. Based on this
dialogue, we have implemented actions over the last several
years to increase shareowner rights, enhance the Board’s
structure, increase transparency on political and climate
lobbying, commit to disclose our EEO-1 report, and augment
our commitment to sustainability and corporate responsibility.
In 2023, we invited our top 100 shareowners to meet in advanceof our Annual Meeting of Shareowners. From Fall 2022 throughSpring 2023, we held 41 meetings with shareowners, with 17
led by our Lead Director, CGRC Chair and/or MDCC Chair. Our
shareowner engagement program has covered topics such as
our business strategy, comprehensive portfolio review, corporate
governance practices, executive compensation programs, CEO
succession, political lobbying disclosures, climate change,
inclusion and diversity, human capital management, humanrights, sustainability, social responsibility and humanitarianrelief initiatives.
Honeywell | Governance | 94

HOME

HONEYWELLOVERVIEWESG APPROACHCOMMITMENT
TO ESGENVIRONMENTAL

SOCIAL

GOVERNANCE

MAINTAINING EXPERTISE IN
SUPPLY CHAIN MANAGEMENT
We believe responsible supply chain management is critical toupholding our commitment to integrity and compliance, mitigating
financial risk and acting as a good corporate citizen.
Honeywell’s Integrated Supply Chain (ISC) activities are managed by a global team of seasoned
professionals who manage tens of thousands of suppliers around the globe. Our professionals haveexpertise in procurement, supply management, operations management, logistics, supplier resiliency
and supply chain performance optimization.
Our management structure ensures we have the necessary expertise to support the breadth andcomplexity of our supply chain operations.

Honeywell | Governance | 95

HONEYWELLOVERVIEWHOMEESG APPROACH

SUPPLY CHAIN INTEGRITY: ROLES ANDRESPONSIBILITIESCHIEF EXECUTIVEOFFICERSENIOR VP AND
CHIEF SUPPLYCHAIN OFFICERSENIOR VP
AND GENERALCOUNSELCOMMITMENT
TO ESGENVIRONMENTAL

SUPPLIER CODE OF BUSINESS CONDUCT
Honeywell’s Supplier Code of Business Conduct sets forth
our commitment to integrity and compliance within our
global supply chain. We require all our suppliers to adhere
to the Supplier Code of Business Conduct and ensure theserequirements are also met within their supply chain. Supplieradherence to Honeywell’s Supplier Code of Business Conduct isa key consideration when we make sourcing decisions.
Honeywell’s Supplier Code of Business Conduct requires its
suppliers to:• Provide their employees with a safe working environment• Treat their workers with dignity and respect

SOCIAL

GOVERNANCE• Engage in environmentally sound and sustainable
manufacturing processes• Comply with the law in all countries where they conductbusiness• Foster a culture in which employees and managers cancommunicate openly and raise concerns without fear of
retaliation, intimidation or harassment
Key elements of our Supplier Code of Business Conduct include:• Labor and Human Rights: Including fair treatment of
employees, no child or involuntary labor, fair wages andbenefits, subcontractor compliance and acceptable living
conditions• Health and Safety: Including occupational safety,
emergency preparedness and sanitation

VP AND CHIEF
PROCUREMENTOFFICER

VP AND GENERALCOUNSEL, SUPPLYCHAIN

VP and Chief Procurement Officer - Overall responsibility for
procurement, supplier risk monitoring and mitigation, suppliersocial responsibility, and supplier adherence to the Supplier
Code of Business Conduct.
VP and General Counsel, Supply Chain - Overall responsibility
for legal compliance of suppliers, including setting standardized
contract language to ensure compliance with legal andHoneywell requirements.

• Environmental: Including environmental permits, waste, andpollution management; labeling and warning requirements,
hazardous substance management, and reporting,and appropriate programs to understand and mitigate
greenhouse gas emissions in their operations, facilities andsupply chain• Integrity and Compliance: Including books andrecordkeeping, business integrity, protection of intellectual
property, substance abuse, responsible sourcing of minerals,
adherence applicable trade controls and quality• Management Systems: Including management
accountability, risk management, training, standards, audits,
third-party diligence and assessments
Honeywell | Governance | 96

HOME

HONEYWELLOVERVIEWESG APPROACHCOMMITMENT
TO ESGENVIRONMENTAL

SUPPLIER DIVERSITY

SUPPLY CHAIN DUE DILIGENCE

Honeywell understands the importance of supplier diversity increating a more inclusive and equitable business environment.
Our supplier diversity strategy is carefully designed to promote
supplier diversity, foster inclusion and create equal opportunities
within our procurement processes.

Screening of New Suppliers
Honeywell has an ongoing policy of screening and vetting new
suppliers. As part of the screening process, Honeywell considers
vetted reliable sources that identify supplier compliance risks,
including labor and human rights, fraud, illegal activities,
corruption, environmental crimes, trade risks and other
Supplier Code of Business Conduct considerations. Identifiedcompliance risks are reviewed and vetted by subject matter
experts.

We’ve established clear policies and procedures that effectively
guide our team in executing our supplier diversity program.
These best practices are continuously reviewed and refined,
ensuring our environment actively promotes supplier diversity,
inclusion and equitable access opportunities.
Our supplier diversity program leverages tools with industryleading data to ensure accuracy and compliance. Throughcollaboration with a trusted third-party organization, we haveestablished a robust system to maintain a transparent andreliable record of our supplier diversity spend.
Furthermore, by partnering with this third-party organizationthat specializes in supplier diversity tracking, we ensure small
and diverse suppliers looking to partner with our organization
can use the support of our third-party agency to assist withgetting certified. Resources are offered through the Supplier
Diversity Portal.
We recognize the value and strength diverse-owned companies
bring to our supply chain, and we are committed to supportingand empowering these businesses.

Ongoing Monitoring of Existing Suppliers
In addition, Honeywell has implemented a real-time continuous
monitoring diligence program that applies to existing suppliers.
The monitoring program considers vetted reliable sources
and monitors for a variety of compliance risks, including laborand other human rights, fraud, illegal activities, corruption,
environmental crimes, trade risks, sanctions and other
Supplier Code of Business Conduct considerations. The

SOCIAL

GOVERNANCE

program considers and applies different levels of screening
for each supplier, depending upon a variety of risk factors that
includes geography and industry. Review and clearance by anappropriate subject matter expert is required when a suppliergenerates a finding against any of the compliance or Supplier
Code of Business Conduct elements.
Supplier On-Site Audits
Each year, we work with a qualified third party to conduct onsite audits of certain high-risk suppliers using a standardized
assessment that incorporates the requirements of our Supplier
Code of Business Conduct. We prioritize high-risk suppliers
when selecting suppliers for on-site audits, based on an analysis
that takes into account global high-risk geographies, spend,industry and other elements as prescribed by the Integrity andCompliance function and the Law Department. Risk factors
assessed in the audits include, but are not limited to, child labor,
wages and benefits, air emissions, protection of intellectual
property, environmental impact, reasonable work hours andhuman trafficking.
This process includes conducting thorough on-site audits thatgather information from an on-site walkthrough, employee andmanagement interviews, and documentation review on payroll
information, policies, training logs, permits, verification ofwaste management procedures and worker’s safety conditions.
Corrective action plans are required for any gaps identified
in audit results and are assigned an owner who consistently
monitors progress against agreed-upon timelines with the
expectation that nonconformance items will be fully resolved.
Significant findings may lead to the immediate removal of a
supplier from Honeywell’s approved supplier list.
Honeywell | Governance | 97

HOME

HONEYWELLOVERVIEWESG APPROACH

Examples of significant findings might include:• Labor and Human Rights: Excessive overtime, unpaid
hours, involuntary labor, or unfair treatment, including
discrimination and harassment• Health and Safety: No health permits or health audits;
blocked, unmarked, or unlighted emergency exits; andimproper or no personal protective equipment• Environmental: Missing or expired permits, hazardous waste
discharge and improper chemical storage

EMPLOYEE TRAININGCOMMITMENT
TO ESG

recognize there is inherent risk associated with such materials,
including potential supply issues, lack of available substitutes,
increased global demand driving heightened competition andimpacts from geopolitical uncertainty. We take a multifaceted
approach to risk mitigation to ensure product availability,
manage price increases and manage supply risk.

GOVERNANCE

Template survey conducted by Honeywell that asks if they arefollowing ethical practices and using valid sources to procure
the materials. We then file a public report with the SEC on theoutcome of the 3TG inquiries and the potential use of 3TG in our
products.

• Practice hedging, forward-buying and lock-pricing to ensure
continued supply and pricing stability of critical material• Monitor geopolitical trends through a tool for universal
grading of active production suppliers• Conduct financial risk assessments using Dun & Bradstreet• Secure multiple sources for material where possible

In addition to deploying training on standard procurement
practices, employees are also educated on supplier risk
management, conflicts of interest, code of conduct, governanceand all applicable Honeywell procurement policies.

CONFLICT MINERALSAs a manufacturer of electronic equipment, many of our
products require the use of critical materials, such as fluorspar,
precious metals, minor metals and rare earth materials. We

SOCIALFor example, we:

Honeywell is committed to properly training our procurement
employees to better enable them to uphold our standards whensourcing materials. We have developed robust curricula tailoredto specific types of jobs.

CRITICAL MATERIALSENVIRONMENTAL• Recycle critical minerals or rare earth elements

Honeywell is committed to the responsible sourcing oftantalum, tin, tungsten and gold (3TG) throughout our global
supply chain and compliance with the “conflict minerals”
disclosure requirements implemented by the U.S. Securities andExchange Commission (SEC).
Each year, we undertake reasonable due diligence to determine
if any of our products contain 3TG originating in the Democratic
Republic of Congo and bordering countries. Selected 3TG
suppliers participate in an annual Conflict Minerals Reporting
Honeywell | Governance | 98

HOME

HONEYWELLOVERVIEWESG APPROACHCOMMITMENT
TO ESGENVIRONMENTAL

SOCIAL

GOVERNANCE

A FIRM FOUNDATION OF
PRODUCT SAFETY ANDINTEGRITY
Honeywell maintains extensive product and service safety programs across theenterprise, focusing on quality and safety throughout the product lifecycle, fromdesign to manufacture to the marketplace. Each strategic business unit drives
safety processes through:• An extensive safety policy with objectives, accountability and responsibilities
assigned• Safety risk management, which includes hazard identification and risk
assessment and control• Safety assurance to monitor and assess performance• Safety promotion by engaging in formal training programs andcommunication
The Engineering, Quality, Technology and Research & Development teams within
Honeywell’s strategic business units use development phase gates to assess newofferings’ safety and quality, and work closely with the company’s Regulatory,
Product Stewardship, and Legal functions to properly address relevant
regulatory, labeling and marketing requirements.

Honeywell | Governance | 99

HOME

HONEYWELLOVERVIEWESG APPROACH

Due to the diversified product offerings across the enterprise,
quality and safety programs are tailored to specific regulatory
guidelines and jurisdictional rules. Risk assessments are
conducted throughout Honeywell’s operations as products aredeveloped, introduced and produced.
To ensure Honeywell’s products and services meet the highest
standards, employees receive regular training, products andservices are monitored for safety, and emergency response
procedures are regularly tested.
For example:• Honeywell Aerospace’s safety and integrity initiatives areadministered by the Product Integrity, Product Assurance &Chief Engineering function.
· This function is run in parallel to, but independently from,the strategic business unit’s other businesses to avoid
apparent conflict of interests, while safeguarding its
commitment to safety and integrity.
• Honeywell Aerospace’s Safety Management System is usedin the Design & Certification Process, Production Systems
and Continued Airworthiness Management, and governs
processes, procedures, personal, equipment and facilities
standards.
· As part of the Safety Management System, Honeywellidentifies the customer and regulatory requirements,
including AS9100 standards, and the approved productdesign requirements.

COMMITMENT
TO ESGENVIRONMENTAL• Honeywell Performance Materials and Technologies (PMT)safety programs provide a comprehensive framework to drive
continuous improvement in product safety and stewardship.
· Among other things, PMT integrates health and safety
considerations into all aspects of its business, with a focus
on driving compliance with all applicable regulations.
• In dealing with product and service safety risk assessments,
product/service objectives or targets, and regular external
product/service safety audits, Honeywell Building
Technologies (HBT) drives success by focusing on quality
and safety through the product lifecycle.

SOCIAL

GOVERNANCE· Product assurance and safety is a key part of Honeywell
Connected Enterprise’s software release management
process. Product Compliance, Engineering and ProductManagement teams conduct a software assurance
review using standardized checklists and methodology toevaluate all software products. Software goes through atesting and quality management process before releaseand is consistently updated through its lifecycle.

· HBT aligns the Engineering, Quality, and Safety teams
with the design and manufacturing teams to provide preproduct-launch approvals.
· Key metrics such as First Pass Yield, which monitors therobustness of the manufacturing processes; customer
field-performance metrics, and the business unit’s Product
Safety Global Procedure QP-PSC-01, which addresses
potential safety issues as they arise in pre/post launch
testing, help ensure a rigorous and scientific approach toquality and safety.
· Honeywell Safety and Productivity Solutions (SPS) offersa broad suite of products, services and solutions with afocus on automation, productivity and safety. SPS crossfunctional teams of engineers, scientists and productstewardship professionals use a phase-gate approach
to bring new offerings to market, and SPS legal andregulatory teams are integrated in product development
to bring a continued focus on compliance with applicableregulations.
Honeywell | Governance | 100

HOME

HONEYWELLOVERVIEWESG APPROACHCOMMITMENT
TO ESGENVIRONMENTAL

SOCIAL

GOVERNANCE

CHARTING A PATH
FORWARD WITH
POLITICAL ACCOUNTABILITYEngagement in the political process is critical to Honeywell’s success.
The company’s future growth depends on forward-thinking legislation
and regulation that makes society safer, more energy efficient andimproves public infrastructure. The company strives to engage
responsibly in the political process and to ensure that its participationis consistent with all applicable laws and regulations, its principles
of good governance and its high standards of ethical conduct.
Honeywell is committed to providing transparent disclosure of political contributions
and lobbying activities. Based on feedback from stakeholders, Honeywell has continued
to enhance its political engagement disclosures. The Center for Political Accountability
rates Honeywell as a “Trendsetter” among first-tier companies.
Disclosures are available at investor.honeywell.com.

Honeywell | Governance | 101

HOME

HONEYWELLOVERVIEWESG APPROACH

Honeywell makes every effort to be accurate andcomprehensive while considering the perspective of thecompany’s largest shareowners. Disclosures include
explanations of the company’s rationale for engaging in thepolitical process, identifying top legislative and regulatory
priorities and defining governance processes. The company’s
disclosures also address:• The use of corporate funds for political contributions andcontributions to tax-exempt organizations that may use
funds for political purposes.
• Details regarding Honeywell’s exclusively employee-fundedpolitical action committee, the Honeywell International
Political Action Committee (HIPAC), including its
disbursements.

COMMITMENT
TO ESGENVIRONMENTAL• Streamlined and direct access to federal, state and local
lobbying reports.
• Identification of trade associations receiving membershipdues of $50,000 or more from Honeywell annually and thecorresponding nondeductible portion of the dues.
In 2022, Honeywell conducted an evaluation of our lobbying
activities and the public statements of trade associations thatreceive membership dues of $50,000 or more from Honeywellto assess alignment with the goals of the Paris Agreement.
Honeywell issued a publicly available report that describes
Honeywell’s climate-related lobbying activities and assessesalignment of these trade associations’ climate-related publicstatements with Paris Agreement goals.
The Law Department oversees the company’s lobbying
activities. Honeywell’s Senior Vice President of Global
Government Relations, reports to the Senior Vice President
and General Counsel and works closely with the Vice President
and General Counsel of ESG, whose organization ensurescompliance with all applicable laws with our political spending
policy. The company’s Senior Vice President and GeneralCounsel; and its Senior Vice President of Global Government
Relations; meet regularly with the Chief Executive Officer toreview legislative, regulatory and political developments.
Honeywell’s public policy efforts, including all lobbying
activities, political contributions and payments to tradeassociations and other tax-exempt organizations, are theresponsibility of the Board’s Corporate Governance andResponsibility Committee (CGRC), which consists entirely of

SOCIAL

GOVERNANCE

independent, nonemployee directors. Each year, the CGRC
receives an annual report on the company’s policies andpractices regarding political contributions.  
The Senior Vice President of Global Government Relations,
reports to the CGRC each year on trade association
memberships and to the full Board on the global lobbying
and government relations program. The CGRC’s oversightof the company’s political activities ensures compliancewith applicable law and alignment with its policies, strategic
priorities, Code of Business Conduct and values.
In 2020, the company established an Advisory Board of leaders
representing a cross-section of Honeywell who meet regularly toreview proposed HIPAC and corporate disbursements to assessalignment with Honeywell’s foundational principles: Integrity
and Ethics, Inclusion and Diversity, and Workplace Respect.
The Advisory Board also reviews memberships in third-party
organizations (including trade associations) and alignment ofproposed disbursements with Honeywell’s sustainability goals.
The Advisory Board meets at the start of each Congress, andat least quarterly thereafter, to determine whether proposed
recipients of funding are eligible in alignment with Honeywell’sfoundational values.
Advisory Board decisions are documented and reported
quarterly to the HIPAC Board of Directors and to Honeywell’s
Chief Executive Officer. Honeywell’s Senior Vice President,
Global Government Relations, also includes notable Advisory
Board decisions in his annual report to the CGRC.

Honeywell | Governance | 102

HOME

HONEYWELLOVERVIEWESG APPROACHCOMMITMENT
TO ESGENVIRONMENTAL

GOVERNANCE

SOCIALMEET ESG
FUTURESHAPERSMEET ESG FUTURESHAPER: LUIS IZE LUDLOWMEET ESG FUTURESHAPER: MICHAEL KENNELLYMEET ESG FUTURESHAPER: HELIN COX

Luis has been leading the Latin American team to addresscritical initiatives correlating to global warming andsustainability. Luis’ team has assisted asphalt producers
reduce their carbon dioxide emissions and helped develop
polyvinylchloride (PVC)-free alternatives for pharmaceuticalpackaging.

Michael supports lithium-ion battery manufacturers with theirefforts to decarbonize the transportation sector. According
to Michael, shaping the future is always new and sometimes
involves solutions that haven’t been invented yet. What drives
Michael is always challenging himself to do better for others.

Alkylate has become a key element to meet cleaner regulations
around the world and the Honeywell technology that’s
producing alkylate: ISOALKY™. Helin is spearheading thisbreakthrough initiative to aid in reducing the carbon footprintof gasoline.

Honeywell | Governance | 103

HOME

HONEYWELLOVERVIEWESG APPROACHCOMMITMENT
TO ESGENVIRONMENTAL

GOVERNANCE

SOCIALMEET ESG
FUTURESHAPERSMEET ESG FUTURESHAPER: MOHIT SINGHAIMEET ESG FUTURESHAPER: MEGAN KUBACKI

MEET ESG FUTURESHAPER: AJ FOWOWE

As an Aerospace procurement leader, Mohit Singhai helps
build and bring products to market that are helping to power
next-generation aircrafts. He’s also found ways to introduce
sustainability to his family.

One of the most promising new sources of energy, now and in
the future, is hydrogen. But not all hydrogen is created equaland the world needs a low-carbon way of producing it. Megan
is a project development leader who’s helping implement
technologies that decarbonize hydrogen production throughcarbon capture and hydrogen purification.

AJ Fowowe enjoys being part of the customer’s journey awayfrom fossil fuels to clean energy sources. He also has interestfor new technologies and going on long runs.

Honeywell | Governance | 104

HOME

HONEYWELLOVERVIEWESG APPROACHCOMMITMENT
TO ESGENVIRONMENTAL

SOCIAL

GOVERNANCE

SASB/TCFD
INFORMATIONSASB DISCLOSURE

The following disclosures are aligned to the Sustainability Accounting Standards Board (SASB) framework for the Resource Transformation—Electrical and Electric Equipment (EE) industry. As adiversified industrial manufacturer, the nature of Honeywell’s business does not fit squarely within one industry, so Honeywell has included metrics aligned to other industries we believe would beof interest to our investors. Honeywell will continue to evaluate the disclosure of additional topics relevant to our industries, taking into account materiality, availability of reliable data andcompetitive sensitivities.
TOPIC

Greenhouse Gas Emissions

Energy Management

Water Management

Hazardous Waste Management

Workforce Health & Safety

ACCOUNTING METRICSASB CODE

HONEYWELL METRIC¹ /DISCLOSURE LOCATION

Gross global Scope 1 emissions; percentage covered under emissions-limiting
regulations

RT-CH-110a.1

1,059,105 metric tons²;
2.0% under emissions-limiting regulations

Discussion of long-term and short-term strategy or plan to manage Scope 1 emissions,emissions reduction targets, and an analysis of performance against those targets

RT-CH-110a.2

The Environment

RT-EE-130a.1(1) 16,462,506 GJ(2) 37% grid electricity(3) 1% renewable energy

Total water withdrawn, percentage in regions with High or Extremely High Baseline
Water Stress

RT-CH-140a.1

20,986 thousand cubic meters3
23% in water-stressed regions

Description of water management risks and discussion of strategies and practices
to mitigate those risks

RT-CH-140a.3

Wastewater and Effluent Management
and Water Stewardship

Amount of hazardous waste generated

RT-CH-150a.1

13,414 metric tons3

Total recordable incident rate (TRIR) for (a) direct employees and (b) contract employees

RT-CH-320a.1

0.204

Description of efforts to assess, monitor, and reduce exposure of employees andcontract workers to long-term (chronic) health risks

RT-CH-320a.2

Protecting the Workforce(1) total energy consumed,(2) percentage grid electricity,(3) percentage renewable

Honeywell | SASB/TCFD Information | 105

HOME

TOPIC

HONEYWELLOVERVIEWESG APPROACHCOMMITMENT
TO ESGACCOUNTING METRICENVIRONMENTAL

SOCIAL

GOVERNANCE

SASB CODE

HONEYWELL METRIC¹ /DISCLOSURE LOCATION

Community Relations

Discussion of engagement processes to manage risks and opportunities associated with
community interests

RT-CH-210a.1

HSE Governance; Emergency Preparedness;
Revitalizing Brownfields, Renewing Communities;
Honeywell Due Diligence Process to Identify andAddress Environmental and Social Risk

Materials Sourcing

Description of the management of risks associated with the use of critical materials

RT-EE-440a.1
RT-AE-440a.1

Critical Materials

Management of the Legal &Regulatory Environment

Discussion of corporate positions related to government regulations and/or policy
proposals that address environmental and social factors affecting the industry

RT-CH-530a.1

CDP Climate Change Report: C12.3, C12.3a2023 Proxy: Oversight of Political Engagement andContributions, Climate-Related Lobbying Report

RT-EE-510a.1

Integrity and Compliance; Code of BusinessConduct: Avoiding Conflicts of Interest, Seeking
Business Openly and Honestly, Compliance with
International Competition Laws

RT-CH-150a.1

Integrity and Compliance; Code of BusinessConduct: One Honeywell How We Treat Our
Customers, One Honeywell How We Treat Our
Suppliers

RT-CH-320a.1

SEC Filings: Information on legal proceedings isdisclosed in our Annual Report on Form 10-K andin our Quarterly Reports on Form 10-Q

Total amount of monetary losses as a result of legal proceedings associated with anticompetitive behavior regulations

RT-CH-320a.2

SEC Filings: Information on legal proceedings isdisclosed in our Annual Report on Form 10-K andin our Quarterly Reports on Form 10-Q

Number of employees

RT-EE-000.B
RT-AE-000.B

97,0005

Description of policies and practices for prevention of: (1) corruption and bribery, and(2) anti-competitive behavior

Discussion of processes to manage business ethics risks throughout the value chain
Business Ethics
Total amount of monetary losses as a result of legal proceedings associated with bribery
or corruption (and/or illicit international trade)

Activity

Represents 2022 data.
Reported pursuant to The Greenhouse Gas Protocol.
3
Excludes sites under remediation.
4
TRIR for employees and directly supervised contractors and calculated based on OSHA guidelines.
5
Excludes Sandia National Laboratories (Sandia) and Kansas City National Security Campus (KCNSC) workforces of approximately 21,000 employees. Sandia and KCNSC are U.S.
Department of Energy facilities. Honeywell manages these facilities as a contract operator and does not establish or control their human resource policies.
12

Honeywell | SASB/TCFD Information | 106

HOME

HONEYWELLOVERVIEWESG APPROACHCOMMITMENT
TO ESGENVIRONMENTAL

SOCIAL

GOVERNANCE

TCFD DISCLOSURE

The following table maps Honeywell’s publicly available climate-related discussion against the framework developed by the Task Force on Climate-Related Financial Disclosures. For detailed
discussion, please see the referenced documents.
GOVERNANCEDISCLOSE THE ORGANIZATION’S GOVERNANCE AROUND CLIMATE-RELATED RISKS AND OPPORTUNITIES.
Summary Response
Honeywell is committed to strong corporate governance policies,
practices and procedures designed to ensure our Board effectively
exercises its oversight role. Our Board is responsible for, among otherthings, reviewing and monitoring implementation of Honeywell’s
strategic plans, reviewing risk assessments and monitoring mitigation
activities with respect to significant risks and issues facing thecompany, including climate-related risks and opportunities. The
Board’s Corporate Governance and Responsibility Committee (CGRC)
has primary responsibility for managing climate-related risks andopportunities. Roles for assessing and managing climate-relatedrisks and opportunities are integrated into a number of functions andcommittees throughout the company. Honeywell’s Vice President,
Health, Safety and Environment is responsible for implementing our
HSEPS Management System. Environmental goals are establishedannually with each of our strategic businesses. The Corporate Energy
and Sustainability Team, a cross-business and cross-function team,led by our Senior Director of Sustainability, helps drive the company’ssustainability goals. This includes the use of efficiency audits andquarterly risk assessments. Progress on these goals is reported
quarterly to the CEO and is reviewed with the CGRC at least annually.

Recommended Disclosure

Disclosure Locationa) Describe the board’s oversight of climate-related risks
and opportunities.

CDP Climate Change Report: C1.1b
2023 Proxy: Corporate Governanceb) Describe management’s role in assessing and managing
climate-related risks and opportunities.

CDP Climate Change Report: 1.2

Honeywell | SASB/TCFD Information | 107

HOME

HONEYWELLOVERVIEWESG APPROACHCOMMITMENT
TO ESGENVIRONMENTAL

SOCIAL

GOVERNANCE

STRATEGYDISCLOSE THE ACTUAL AND POTENTIAL IMPACTS OF CLIMATE-RELATED RISKS AND OPPORTUNITIES ON THE ORGANIZATION’S BUSINESSES, STRATEGY AND FINANCIAL PLANNING
WHERE SUCH INFORMATION IS MATERIAL.
Summary Response
Honeywell’s diverse portfolio of products, solutions, end-markets
and business models – along with our decentralized operational
footprint and our rigorous risk identification, assessment and planning
processes – mitigate the impact of climate-related risks. We do notbelieve climate-related risks are reasonably likely to have a material
effect in the foreseeable future on the company’s business or themarkets it serves, nor on our results of operations, capital expenditures
or financial position. Honeywell is uniquely positioned to shape asafer and more sustainable future. We continue to invent and develop
technologies that provide our customers with adaptable and efficientsolutions to address their safety, energy and environmental needs.

Recommended Disclosurea) Describe the climate-related risks and opportunities theorganization has identified over the short, medium and long term.

b) Describe the impact of climate-related risks and opportunities on
the organization’s businesses, strategy and financial planning.
c) Describe the resilience of the organization’s strategy, taking into
consideration different climate-related scenarios, including a 2°C
or lower scenario.

Disclosure Location
CDP Climate Change Report: C2.1a, C2.3, C2.3b, C2.4, 2.4a
TCFD Information Table A & Table B
CDP Climate Change Report: C2.4a, C3.1, C3.2a, C3.2b, C3.3, C3.4
TCFD Information Table A & Table B

CDP Climate Change Report: C3.2, C3.2a, C3.2b

RISK MANAGEMENTDISCLOSE HOW THE ORGANIZATION IDENTIFIES, ASSESSES AND MANAGES CLIMATE-RELATED RISKS.
Summary Response

Honeywell regularly assesses risks and opportunities at both acompany-wide and asset-specific level to determine both probabilityof occurrence and potential impact to the business. This assessment
is incorporated into our standard business planning, and opportunity
and risk management processes. While risk and opportunity
management are part of our standard business operations, the Board
has responsibility for risk oversight and regularly reviews top-level,
strategic, operational, reporting and compliance risks.

Recommended Disclosure

Disclosure Locationa) Describe the organization’s processes for identifying and assessing
climate-related risks.

CDP Climate Change Report: C2.1, C2.2, C2.2ab) Describe the organization’s processes for managing
climate-related risks.

CDP Climate Change Report: C2.1, C2.2c) Describe how processes for identifying, assessing and managing
climate-related risks are integrated into the organization’s overallrisk management.

CDP Climate Change Report: C2.1, C2.2

Honeywell | SASB/TCFD Information | 108

HOME

HONEYWELLOVERVIEWESG APPROACHCOMMITMENT
TO ESGENVIRONMENTAL

SOCIAL

GOVERNANCE

METRICS AND TARGETSDISCLOSE THE METRICS AND TARGETS USED TO ASSESS AND MANAGE RELEVANT CLIMATE-RELATED RISKS AND OPPORTUNITIES WHERE SUCH INFORMATION IS MATERIAL.
Summary Response
Overall, Honeywell’s sustainability program has reduced greenhousegas intensity by more than 90%. In 2019, the company set a fourthgoal, a new five-year “10-10-10” target to reduce global greenhousegas emissions by an additional 10%, indexed to revenue, from 2018
levels; to deploy at least 10 renewable energy opportunities; and toachieve certification to ISO’s 50001 Energy Management Standard
at 10 facilities, all by 2024. In 2021, Honeywell took another stepby announcing a pledge to be carbon neutral in our facilities andoperations by 2035. In 2022, Honeywell committed to setting ascience-based target with the Science Based Targets initiative (SBTi)and the target was validated as of April 2023.

Recommended Disclosure

Disclosure Locationa) Disclose the metrics used by the organization to assessclimate-related risks and opportunities in line with its strategy
and risk management process.

CDP Climate Change Report: C4.1, C4.1b, C4.2b) Disclose Scope 1, Scope 2, and, if appropriate, Scope 3 greenhousegas (GHG) emissions and the related risks.

Reducing GHG Emissions; CDP Climate Change Report: C6.1,
C6.3, C6.5c) Describe the targets used by the organization to manage climaterelated risks and opportunities and performance against targets.

Our Environmental Goals; CDP Climate Change Report: C4.1,
C4.1a, C4.1b, C4.2

Honeywell | SASB/TCFD Information | 109

HOME

HONEYWELLOVERVIEWCOMMITMENT
TO ESG

ESG APPROACH

ENVIRONMENTAL

SOCIAL

GOVERNANCE

TABLE A: EXAMPLES OF CLIMATE-RELATED RISKS WITH MITIGATION STRATEGIESTIME HORIZON
Risk TypeTransition: Policy and Legal

Transition: Market

Potential Financial Impact (-)a) Increased pricing of greenhouse gas
emissions due to regulationsb) Reduced demand for goods andservices due to shift in consumer
preferences or changes in purchasing
power

Short

MediumLong

Mitigation StrategyxSince 2004, Honeywell has had a comprehensive program to audit
facilities for opportunities to reduce Scope 1 and Scope 2 GHG
emissions, to set annual internal and external targets and to track
them to completion. This has resulted in an overall reduction of GHG
intensity above 90%. Honeywell will continue this program to further
reduce our GHG footprint. In addition, on a quarterly basis, we evaluate
the potential impact from changes in climate related regulations andlitigation.

x

Honeywell continuously innovates to expand sustainable opportunities
with our products and services. Approximately 60% of our R&D
spend is on our ESG-oriented offerings¹ including offerings related
to reducing GHG emissions. In addition, each of our new products is
subject to an eco-efficiency assessment considering opportunities
to improve energy efficiency and each quarter we assess whether
changes in our product mixes may impact GHG emissions.

Honeywell | SASB/TCFD Information | 110

HOME

HONEYWELLOVERVIEWCOMMITMENT
TO ESG

ESG APPROACH

ENVIRONMENTAL

SOCIAL

GOVERNANCE

TIME HORIZON
Risk Type

Potential Financial Impact (-)

Reduced revenue frombusiness disruption

Short

MediumLong

Mitigation Strategyx

Climate change data is incorporated into the emergency responseplans for every one of our facilities, which specify programs to mitigate
the potential risks of physical damage. In addition, we evaluate ona quarterly basis the potential for impact to our supply chain fromchanges in GHG regulations or from physical damage due to climaterelated events. Our Business Continuity Management Program
also creates plans to help ensure the company can continue criticaloperations in the event of a disaster and promptly recover essential
systems and technology.

x

Climate change data is incorporated into the emergency responseplans for every one of our facilities, which specify programs to mitigate
the potential risks of physical damage. In addition, we evaluate on aregular basis the potential for impact to our supply chain from physicaldamage due to climate-related events. Our Business Continuity
Management Program also creates plans to help ensure the company
can continue critical operations in the event of a disaster and promptly
recover essential systems and technology.

Physical: Acute

Increased costs from repairing
or restoring damaged locations

Honeywell | SASB/TCFD Information | 111

HOME

HONEYWELLOVERVIEWCOMMITMENT
TO ESG

ESG APPROACH

ENVIRONMENTAL

SOCIAL

GOVERNANCE

TIME HORIZON
Risk Type

Potential Financial Impact (-)

Increased cost related to relocation
due to sea level rise

Short

MediumLong

x

Honeywell’s Global Real Estate group incorporates physical risk
considerations as part of due diligence for any new locations.

x

Honeywell’s Global Real Estate group incorporates energy efficiency
and energy procurement considerations as part of due diligence
for any new location that would help reduce costs related to energyuse, heating and cooling. In addition, since 2004, Honeywell has
had a comprehensive program to audit, identify, execute and trackcompletion of energy efficiency projects in all our facilities. This
program has improved Honeywell’s overall energy efficiency byapproximately 70%. We will continue this program going forward.

Physical: Chronic
Increased cost related to increased needfor cooling and heating due to changing
temperatures

Mitigation Strategy

Methodology for identifying ESG-oriented solutions is available at investor.honeywell.com (see *(ESG/ESG information/identification of ESG-Oriented Offerings)*)

1

Honeywell | SASB/TCFD Information | 112

HOME

HONEYWELLOVERVIEWCOMMITMENT
TO ESG

ESG APPROACH

ENVIRONMENTAL

SOCIAL

GOVERNANCE

TABLE B: EXAMPLES OF CLIMATE-RELATED OPPORTUNITIES WITH STRATEGIES TO REALIZE THE OPPORTUNITYTIME HORIZON
Risk Type

Resource Efficiency

Products and Services

Potential Financial Impact (-)a) Reduced operating costs throughefficiency gains and cost reductions bymoving to more efficient buildingsb) Increase revenue through demand
for sustainable products

Short

MediumLong

Mitigation Strategy
Through the Global Real Estate group, Honeywell constantly seeksenergy-efficient alternatives and initiatives to implement throughout
our facilities for new construction, project upgrades and retrofits. In
addition, since 2004, Honeywell has implemented a comprehensive
energy efficiency program with periodic audits, goals and projectreview to completion. This program has resulted in approximately 70%
improvement in energy efficiency. There have been 6,300 projects
completed since 2010 with an estimated annualized savings of morethan $100 million.

xx

Honeywell continuously innovates to expand our portfolio ofsustainable products and services. Approximately 60% of new
production introduction research and development activity is on
our ESG-oriented portfolio¹ including offerings related to reducing
GHG emissions. Each of our strategic business groups invests
significantly in these opportunities and we created two new business
units, Sustainable Technologies and Solutions (STS) and Sustainable
Building Technologies (SBT), to specifically develop and commercialize
new technologies that meet the growing demand for sustainable
solutions to the world’s rising energy needs. Climate-related scenario
modeling is part of our annual business planning process. We use
socioeconomic climate models with different scenario assumptions
to determine product strategy and customer impact for products that
address greenhouse gas emissions, energy efficiency and changes infuel use such as decarbonization, renewable fuels and power.

Honeywell | SASB/TCFD Information | 113

HOME

HONEYWELLOVERVIEWCOMMITMENT
TO ESG

ESG APPROACH

ENVIRONMENTAL

SOCIAL

GOVERNANCE

TIME HORIZON
Risk Type

Potential Financial Impact (-)a) Better competitive position to reflect
shifting consumer preferences,resulting in increased revenues

Short

MediumLong

x

Mitigation Strategy

Each of our new products is subject to an eco-efficiency assessmentthat considers opportunities to improve energy efficiency, and eachquarter we assess whether changes in our product mixes may impact
GHG emissions. Our Government Relations team identifies andassesses emerging trends and advocates for favorable policies,
legislation and regulation globally to promote clean energy andenergy efficiency. Changes in regulations, increases in the demand
for advanced building controls and energy efficient products, andthe transition to a lower-carbon economy support demand for oursustainable products. For example, the transition from high-GWP
HFCs to low-GWP HFO alternatives presented a transition opportunity
and, as a result, Honeywell developed our line of Solstice® products,
which have already helped our customers avoid discharging more than
326 million metric tons of CO2 equivalent to the atmosphere.

Methodology for identifying ESG-oriented solutions is available at investor.honeywell.com (see *(ESG/ESG information/identification of ESG-Oriented Offerings)*)

1

Honeywell | SASB/TCFD Information | 114

HOME

HONEYWELLOVERVIEWESG APPROACHCOMMITMENT
TO ESGENVIRONMENTAL

SOCIAL

GOVERNANCE

2021

2022

Scope 1 GHG emissions, metric tons CO2e

1,324,742

1,059,105

Scope 2 GHG emissions, location-based, metric tons CO2e693,288697,091

2,018,031

1,756,196

58.7

49.5

808,985694,255

15,324,871

16,222,277

Capital goods

571,932

471,091

Fuel and energy-related activities (not included in Scope 1 and 2)

367,463349,765

Upstream transportation and distribution

311,035

876,674

Waste generated in operations

107,601

95,754

Business travel

61,194

72,177

Employee commuting

102,838

106,537

-

591

5,867

6,424

ESG
DATA
ESG Data Sheet (v 23.09.20)
Category

MetricTotal Scope 1 & 2 location-based, metric tons CO2e
GHG intensity, Scope 1 & 2 location-based, metric tons CO2e/$M revenue
Scope 2 GHG emissions, market-based, metric tons CO2e
Scope 3 GHG emissions2, select categories, metric tons CO2e
Purchased goods and services
Greenhouse Gas (GHG)
Emissions1

Upstream leased assets
Downstream leased assets
Carbon neutrality pledge3

Scope 1 and Scope 2 by 2035

Science-based targets4

SBTi Validated
Honeywell | ESG Data | 115

HONEYWELLOVERVIEWHOMEESG APPROACHCOMMITMENT
TO ESGENVIRONMENTAL

SOCIAL

GOVERNANCE

2021

2022

260,000,000

326,000,000

16,087,000

16,462,506

38%

37%

1%

1%

Energy intensity, billion British thermal units/$M revenue

0.443

0.440

Total hazardous waste generated, metric tons

15,90013,414

Total water withdrawal, thousand cubic meters

19,60020,986% withdrawal in water-stressed locations, as defined by SASB

26%

23%

Projects completed in water-stressed locations since 2013

180

185

Water saved from projects in water-stressed regions since 2013, thousand cubic meters

620

625

Number of sustainability projects completed since 2010

6,100

6,300

Total recordable incident rate (TRIR) for direct employees

0.25

0.20

TRIR weighted industry average

1.72

1.73

Total lost workday case incident rate (LWCIR)

0.1

0.1

LWCIR weighted industry average

0.61

0.66

Fatality rate for direct employees7

0.001

0.000

% revenue

>60%

>60%

% new product research and development

~60%

~60%

% manufacturing sites with ISO 9001 / AS 9001

93%

93%

% manufacturing sites with ISO 14001 / RC 14001

34%

37%

% manufacturing sites with ISO 45001 / OHSAS 18001 / VPP

37%

38%

17

26

ESG Data Sheet (v 23.09.20)
Category

MetricAvoided Emissions5

GHG emissions avoided by customers, metric tons CO2e since 2010
Total energy consumed, gigajoules% grid electricity

Energy Management% renewable

Hazardous Waste

Water Management

Sustainability Projects

Workforce Health and Safety6

ESG-Oriented Solutions

8

Certifications

Number of sites with ISO 50001

Honeywell | ESG Data | 116

HONEYWELLOVERVIEWHOMEESG APPROACHCOMMITMENT
TO ESGENVIRONMENTAL

SOCIAL

GOVERNANCE

2021

2022

Number of directors

1010

Number of independent directors

99Number of women

3

4

Number of men

7

6

Number of people of color

44

ESG Data Sheet (v 23.09.20)
Category

MetricBoard of Directors

9

Asian

Human Capital10

1

Black

2

2

Hispanic2

1

Number of employees (global)

99,00097,000

Number of employees (U.S.)

34,00034,000

Women, % of total workforce (global)

29.50%

29.50%

Men, % of total workforce (global)

70.50%

70.50%

Undisclosed, % of total workforce (global)

~0.0%

~0.0%

Women, % of executives (global)

26.80%

25.90%

Men, % of executives (global)

73.20%

74.10%

Undisclosed, % of executives (global)

0.00%

0.00%

Women, % of other managers (global)

20.60%

21.40%

Men, % of other managers (global)

79.30%

78.60%

Undisclosed, % of other managers (global)

0.10%

~0.0%

Honeywell | ESG Data | 117

HONEYWELLOVERVIEWHOMEESG APPROACHCOMMITMENT
TO ESGENVIRONMENTAL

SOCIAL

GOVERNANCE

2021

2022

White, % of total workforce (U.S.)

66.20%

64.60%

People of Color, % of total workforce (U.S.)

33.80%

35.40%

Black

10.00%

10.50%

Hispanic

9.20%

10.00%

Asian Pacific Islander

12.20%

12.90%

Other

2.40%

2.00%

White, % of executives (U.S.)

78.90%

76.10%

People of Color, % of executives (U.S.)

21.10%

23.90%

Black

4.20%

3.40%

Hispanic

2.70%

3.70%

Asian Pacific Islander

12.70%

14.30%

Other

1.50%

2.50%

White, % of other managers (U.S.)

72.40%

71.60%

People of Color, % of other managers (U.S.)

27.60%

28.40%

Black

5.70%

5.80%

Hispanic

6.20%

6.30%

Asian Pacific Islander

13.20%

14.20%

Other

2.50%

2.10%

ESG Data Sheet (v 23.09.20)
Category

Human Capital

Metric10

Honeywell | ESG Data | 118

HOME

HONEYWELLOVERVIEWESG APPROACHCOMMITMENT
TO ESGENVIRONMENTAL

SOCIAL

GOVERNANCE

2021

2022

CDP Climate Report

Yes

Yes

TCFD Report

Yes

Yes

SASB Report

Yes

Yes

Citizenship Report/ESG Report

Yes

Yes

EEO-1 Report

Yes

Yes11

ESG Data Sheet (v 23.09.20)
Category

Reporting

MetricLimited third-party GHG assurance obtained since 2011.
2
Represents estimated Scope 3 GHG emissions for the select categories disclosed in our CDP Climate Report.
3
Announced April 2021.
4
Commitment letter submitted to the Science Based Targets initiative (SBTi) in February 2022 and validated in April 2023.
5
Emissions avoided by customers from use of Solstice® low global-warming-potential products.
6
Weighted industry averages are based on the following NAICS benchmark codes: 237, 325, 326, 334, 541, 2382, 2389, 3162, 3339, 3364.
7
Metrics calculated in accordance with SASB definitions.
8
Methodology for identifying ESG-oriented solutions is available at investor.honeywell.com (see “ESG/ESG Information/Identification of ESG-Oriented Offerings”).
9
Data presented as of December 31 of the applicable year.
10
Data presented as of December 31 of the applicable year. Excludes Sandia National Laboratories (Sandia) and Kansas City National Security Campus (KCNSC) workforces. Sandia and KCNSC are U.S. Department of Energy facilities.
Honeywell manages these facilities as a contract operator but does not establish or control their human resources policies. The executives category represents executive-band employees.
11
The U.S. Equal Employment Opportunity Commission’s 2022 EEO-1 Component 1 data collection opens on October 31, 2023. The deadline to file is December 5, 2023.
1

Honeywell | ESG Data | 119

THE
FUTUREIS
WHAT
WE
MAKE IT