exo-is/governance-reporting-on-listed-companies huggingface dataset:
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results and audit findings. The communications plan includes discipline, up to and including termination, in compliance with
initiatives to drive integrity awareness communications across all local requirements. BUSINESS AND HUMAN RIGHTS, TEN PRINCIPLES
Honeywell, including through town halls, newsletters and OF THE UNITED NATIONS GLOBAL COMPACT,
monthly integrity awareness manager toolkits that provide Honeywell will not tolerate any form of retaliation for good THE INTERNATIONAL LABOR ORGANIZATION’S
people managers with ready-to-use materials to support faith reporting of actual or potential misconduct and DECLARATION ON FUNDAMENTAL PRINCIPLES
disc
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DATA PROTECTION
AND CYBERSECURITY
Honeywell is committed to protecting the personal data of
employees, customers, suppliers and others who entrust their
data to us as well as the technology resources we provide to
our employees and others. As such, Honeywell has in place
appropriate data privacy and cybersecurity organizational
structures, policies and procedures to respect individual privacy
rights and promote data protection and information security.
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DATA PRIVACY GOVERNANCE operations and promote adherence to data privacy principles
com
Keyword: governance
worldwide. A Data Privacy Governance Council led by the
our Company, who does not have a business need to know it.
Chief Privacy Officer and comprised of cross-functional senior
leadership meets regularly for strategic alignment and policy
• We make our privacy practices transparent and clear to
also requires job-specific data privacy training for certain
decision-making. A Digital Marketing Governance Council, led
individuals.
roles. We conduct phishing scenario learning experiences and
by the Chief Privacy Officer and senior Sales and Marketing
cybersecurity knowledge campaigns to maintain awareness of
• We provide mechanisms for individuals to exercise applicable
leadership, promotes collaboration on data privacy issues in
these ongoing threats.
legal rights.
digital marke
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CYBERSECURITY Honeywell leverages a defensive in-depth model for
cybersecurity, enabling multiple levels of protection against
Honeywell’s cybersecurity framework safeguards the threats. Our integration of protective and detective controls
confidentiality, integrity and availability of information assets helps us prevent, defend and rapidly respond to security risks
and ensures that all regulatory, operational and contractual for both our internal systems and customer-facing products
requirements are fulfilled. Our policies and practices include and services. Our program is built on industry standards and
regular internal and external audits; vulnera
Keyword: governance
the IASME standard, has completed the Cyber GRX Tier 3 evaluates Honeywell’s governance and operations related process personal data on behalf of Honeywell or our customers
assessment and maintains a cybersecurity insurance policy. to cybersecurity and privacy to determine that risks are are required to comply with stringent data processing standards.
appropriately identified and managed, ensure compliance to
the Company’s policies and procedures, and adherence with all
applicable laws and regulations. INCIDENT RESPONSE
Honeywell maintains robust data privacy and cybersecurity
SUPPLIER RISK MANAGEMENT incident response policies and procedures that allow us to
respond responsibly and promptly to potential data security
Honeywell’s Supplier Risk Management standard establishes incidents. Our incident response standards, process
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MEET ESG
FUTURESHAPERS
“I love working for a company that shares
“As a member of Honeywell’s Litigation
my values and fosters an environment of
Center of Excellence (CoE), I am responsible
community – both in our buildings and in
for managing and supporting the eDiscovery
our towns. Honeywell provides us the time,
response for litigation including strategy and
space and encouragement to participate in
roadmap development, provider management
various types of pro bono projects. Offering
and cost-saving initiatives. I love that Honeywell
support to the most vulnerable members of
encourages the exploration of innovative and
our community is the right th
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BOARD OF
DIRECTORS
The Board of Directors’ Corporate Governance and
Responsibility Committee (CGRC) places an emphasis
on ensuring Board members demonstrate the right
leadership 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
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the senior leaders accountable for the respective areas. The is conducted by the ERM Global Leader with other relevant
Board leverages our Enterprise Risk Management program and industry peers and consulting and risk management firms to
BOARD OF DIRECTORS HIGHLIGHTS1
strategic planning process to identify and prioritize ESG risks identify best practices and deploy risk management programs
and opportunities, assess the company’s performance and or risk framework improvements.
• 9 of 11 directors are independent
monitor risk mitigation efforts.
• 4 new directors added in the last 4 years
SHAREOWNER ENGAGEMENT
• 4 of 11 directors are women
ENTERPRISE RI
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• 8 of 11 directors have CEO experience Honeywell, as well as assessing the design and effectiveness the chairs of our Corporate Governance and Responsibility
of management’s processes, procedures and practices for Committee (CGRC) and Management, Development and
• ~6.5 years average tenure
mitigating those risks. The ERM assessment deployed by Compensation Committee (MDCC), and executive officers,
• Skills and experiences aligned to our strategic management is robust, based on both an enterprise-wide to engage in dialogue with key stakeholders. Based on this
direction “top down” and “bottom up” view of commercial, strategic, dialogue, we have implemented actions over the last several
legal, compliance, cyber and reputational risks, and the years to increase shareowner rights, enhance the Board’s
• Requirement to interview diverse candidate
strategies in place to mitigate thos
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overall environmental, social and governance (ESG)
the Corporate Audit Department, and the Vice President and shareowner engagement program has covered topics such as
performance. The CGRC has responsibility for reviewing
General Counsel, ESG, facilitate the ERM program and are our business strategy, comprehensive portfolio review, corporate
Honeywell’s ESG performance, strategies, goals and objectives,
primarily responsible for the annual assessment. The Senior governance practices, executive compensation programs, CEO
monitoring ESG risks and opportunities, and overseeing
Vice President and Chief Financial Officer and the Senior Vice succession, political lobbying disclosures, climate change,
ESG disclosure. Each Board committee then has oversight
President and General Counsel revi
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MAINTAINING EXPERTISE IN
SUPPLY CHAIN MANAGEMENT
We believe responsible supply chain management is critical to
upholding 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 have
expertise 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 and
co
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SUPPLY CHAIN INTEGRITY: ROLES AND SUPPLIER CODE OF BUSINESS CONDUCT • Engage in environmentally sound and sustainable
RESPONSIBILITIES manufacturing processes
Honeywell’s Supplier Code of Business Conduct sets forth
• Comply with the law in all countries where they conduct
our commitment to integrity and compliance within our
business
global supply chain. We require all our suppliers to adhere
CHIEF EXECUTIVE to the Supplier Code of Business Conduct and ensure these • Foster a culture in which employees and managers can
OFFICER requirements are also met within their supply chain. Supplier communicate openly and raise concerns without fear of
retaliat
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SUPPLIER DIVERSITY SUPPLY CHAIN DUE DILIGENCE program considers and applies different levels of screening
for each supplier, depending upon a variety of risk factors that
Honeywell understands the importance of supplier diversity in Screening of New Suppliers includes geography and industry. Review and clearance by an
creating a more inclusive and equitable business environment. Honeywell has an ongoing policy of screening and vetting new appropriate subject matter expert is required when a supplier
Our supplier diversity strategy is carefully designed to promote suppliers. As part of the screening process, Honeywell considers generates a finding aga
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Examples of significant findings might include: recognize there is inherent risk associated with such materials, Template survey conducted by Honeywell that asks if they are
including potential supply issues, lack of available substitutes, following ethical practices and using valid sources to procure
• Labor and Human Rights: Excessive overtime, unpaid increased global demand driving heightened competition and the materials. We then file a public report with the SEC on the
hours, involuntary labor, or unfair treatment, including impacts from geopolitical uncertainty. We take a multifaceted outcome of the 3TG inquiries and the potential use of 3TG in
Keyword: governance
management, conflicts of interest, code of conduct, governance Honeywell is committed to the responsible sourcing of
and all applicable Honeywell procurement policies. tantalum, tin, tungsten and gold (3TG) throughout our global
supply chain and compliance with the “conflict minerals”
disclosure requirements implemented by the U.S. Securities and
CRITICAL MATERIALS
Exchange Commission (SEC).
As a manufacturer of electronic equipment, many of our Each year, we undertake reasonable due diligence to determine
products require the use of critical materials, such as fluorspar, if any of our products contain 3TG originating in the Democratic
precious metals, minor metals and rare earth materials. We Republic of Congo and bordering countries. Selected 3TG
suppliers participate in an annual Conflict Minerals
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A FIRM FOUNDATION OF
PRODUCT SAFETY AND
INTEGRITY
Honeywell maintains extensive product and service safety programs across the
enterprise, focusing on quality and safety throughout the product lifecycle, from
design 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 and
communication
The Engineering, Quality, Tec
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Due to the diversified product offerings across the enterprise, • Honeywell Performance Materials and Technologies (PMT) · Product assurance and safety is a key part of Honeywell
quality and safety programs are tailored to specific regulatory safety programs provide a comprehensive framework to drive Connected Enterprise’s software release management
guidelines and jurisdictional rules. Risk assessments are continuous improvement in product safety and stewardship. process. Product Compliance, Engineering and Product
conducted throughout Honeywell’s operations as products are Management teams conduct a software assurance
· Among other things, PMT inte
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CHARTING A PATH
FORWARD WITH
POLITICAL ACCOUNTABILITY
Engagement 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 and
improves public infrastructure. The company strives to engage
responsibly in the political process and to ensure that its participation
is 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 feedbac
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Honeywell makes every effort to be accurate and • Streamlined and direct access to federal, state and local independent, nonemployee directors. Each year, the CGRC
comprehensive while considering the perspective of the lobbying reports. receives an annual report on the company’s policies and
company’s largest shareowners. Disclosures include practices regarding political contributions.
• Identification of trade associations receiving membership
explanations of the company’s rationale for engaging in the
dues of $50,000 or more from Honeywell annually and the
political process, identifying top legislative and regulatory The Senior Vice President of G
Keyword: governance
priorities and defining governance processes. The company’s reports to the CGRC each year on trade association
disclosures also address: memberships and to the full Board on the global lobbying
In 2022, Honeywell conducted an evaluation of our lobbying and government relations program. The CGRC’s oversight
• The use of corporate funds for political contributions and activities and the public statements of trade associations that of the company’s political activities ensures compliance
contributions to tax-exempt organizations that may use receive membership dues of $50,000 or more from Honeywell with applicable law and alignment with its policies, strategic
funds for political purposes. to assess alignment with the goals of the Paris Agreement. priorities, Code of Business
Keyword: governance
responsibility of the Board’s Corporate Governance and
Responsibility Committee (CGRC), which consists entirely of
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MEET ESG
FUTURESHAPERS
MEET ESG FUTURESHAPER: LUIS IZE LUDLOW MEET ESG FUTURESHAPER: MICHAEL KENNELLY MEET ESG FUTURESHAPER: HELIN COX
Luis has been leading the Latin American team to address Michael supports lithium-ion battery manufacturers with their Alkylate has become a key element to meet cleaner regulations
critical initiatives correlating to global warming and efforts to decarbonize the transportation sector. According around the world and the Honeywell technology that’s
sustainability. Luis’ team has assisted asphalt producers to Michael, shaping the futu
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MEET ESG
FUTURESHAPERS
MEET ESG FUTURESHAPER: MOHIT SINGHAI MEET ESG FUTURESHAPER: MEGAN KUBACKI MEET ESG FUTURESHAPER: AJ FOWOWE
As an Aerospace procurement leader, Mohit Singhai helps One of the most promising new sources of energy, now and in AJ Fowowe enjoys being part of the customer’s journey away
build and bring products to market that are helping to power the future, is hydrogen. But not all hydrogen is created equal from fossil fuels to clean energy sources. He also has interest
next-generation aircrafts. He’s also found ways to introduce and the world needs a low-carbon way of producing it. Megan for new technologies and going on long runs
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SASB/TCFD
INFORMATION
SASB 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 a
diversified 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 be
of 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 and
competitive sensitivities.
TOPIC AC
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TOPIC ACCOUNTING METRIC SASB CODE HONEYWELL METRIC¹ /DISCLOSURE LOCATION
HSE Governance; Emergency Preparedness;
Discussion of engagement processes to manage risks and opportunities associated with Revitalizing Brownfields, Renewing Communities;
Community Relations RT-CH-210a.1
community interests Honeywell Due Diligence Process to Identify and
Address Environmental and Social Risk
RT-EE-440a.1
Materials Sourcing Description of the management of risks associated with the use of critical materials Critical Materials
RT-AE-440a.1
CDP Climate Change Report: C12.3, C12.3a
Management of the Legal & Discussion of corporate positions related to government regulations and/or policy
RT-CH-530a.1 2023 Proxy: Oversight of Political En
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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.
GOVERNANCE
DISCLOSE THE ORGANIZATION’S GOVERNANCE AROUND CLIMATE-RELATED RISKS AND OPPORTUNITIES.
Summary Response Recommended Disclosure Disclosure Location
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 other
things, reviewing and monitoring implementation of Honeywell’s
a) Describe the board’s oversight of climate-related risk
Keyword: governance
and opportunities. 2023 Proxy: Corporate Governance
activities with respect to significant risks and issues facing the
company, including climate-related risks and opportunities. The
Board’s Corporate Governance and Responsibility Committee (CGRC)
has primary responsibility for managing climate-related risks and
opportunities. Roles for assessing and managing climate-related
risks and opportunities are integrated into a number of functions and
committees throughout the company. Honeywell’s Vice President,
Health, Safety and Environment is responsible for implementing our
HSEPS Management System. Environmental goals are established
annually with each of our strategic businesses. The Corporate Energy
b) Describe management’s role in assessing and managing
CDP Climate Change Report: 1.2
and Su
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STRATEGY
DISCLOSE 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 Recommended Disclosure Disclosure Location
Honeywell’s diverse portfolio of products, solutions, end-markets CDP Climate Change Report: C2.1a, C2.3, C2.3b, C2.4, 2.4a
a) Describe the climate-related risks and opportunities the
and business models – along with our decentralized operational
organization has identified over the short, medium and long term.
footprint and our rigorous risk identification, assessment and planning TCFD Information Table A & Table B
processes – mitigate the impact of climate-related risks.
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METRICS AND TARGETS
DISCLOSE THE METRICS AND TARGETS USED TO ASSESS AND MANAGE RELEVANT CLIMATE-RELATED RISKS AND OPPORTUNITIES WHERE SUCH INFORMATION IS MATERIAL.
Summary Response Recommended Disclosure Disclosure Location
a) Disclose the metrics used by the organization to assess
Overall, Honeywell’s sustainability program has reduced greenhouse
climate-related risks and opportunities in line with its strategy CDP Climate Change Report: C4.1, C4.1b, C4.2
gas intensity by more than 90%. In 2019, the company set a fourth
and risk management process.
goal, a new five-year “10-10-10” target to reduce global greenhouse
gas emissions by an additional 10%, indexed to revenue, from 2018
levels; to deploy at least 10 renewable ene
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TABLE A: EXAMPLES OF CLIMATE-RELATED RISKS WITH MITIGATION STRATEGIES
TIME HORIZON
Risk Type Potential Financial Impact (-) Short Medium Long Mitigation Strategy
Since 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
a) Increased pricing of greenhouse gas them to completion. This has resulted in an overall reduction of GHG
Transition: Policy and Legal x
emissions due to regulations 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 an
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TIME HORIZON
Risk Type Potential Financial Impact (-) Short Medium Long Mitigation Strategy
Climate change data is incorporated into the emergency response
plans for every one of our facilities, which specify programs to mitigate
the potential risks of physical damage. In addition, we evaluate on
a quarterly basis the potential for impact to our supply chain from
Reduced revenue from
x changes in GHG regulations or from physical damage due to climate-
business disruption
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
Climate change data i
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TIME HORIZON
Risk Type Potential Financial Impact (-) Short Medium Long Mitigation Strategy
Increased cost related to relocation Honeywell’s Global Real Estate group incorporates physical risk
x
due to sea level rise considerations as part of due diligence for any new locations.
Honeywell’s Global Real Estate group incorporates energy efficiency
Physical: Chronic
and energy procurement considerations as part of due diligence
for any new location that would help reduce costs related to energy
Increased cost related to increased need
use, heating and cooling. In addition, since 2004, Honeywell has
for cooling and heating due to changing x
had a comprehensive program to audit, identify, execute and track
temperatures
completio
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TABLE B: EXAMPLES OF CLIMATE-RELATED OPPORTUNITIES WITH STRATEGIES TO REALIZE THE OPPORTUNITY
TIME HORIZON
Risk Type Potential Financial Impact (-) Short Medium Long Mitigation Strategy
Through the Global Real Estate group, Honeywell constantly seeks
energy-efficient alternatives and initiatives to implement throughout
our facilities for new construction, project upgrades and retrofits. In
a) Reduced operating costs through addition, since 2004, Honeywell has implemented a comprehensive
Resource Efficiency efficiency gains and cost reductions by x energy efficiency program with periodic audits, goals and project
moving to more efficient buildings review to completion. This program has resulted in approximately 70%
improveme
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TIME HORIZON
Risk Type Potential Financial Impact (-) Short Medium Long Mitigation Strategy
Each of our new products is subject to an eco-efficiency assessment
that considers opportunities to improve energy efficiency, and each
quarter we assess whether changes in our product mixes may impact
GHG emissions. Our Government Relations team identifies and
assesses emerging trends and advocates for favorable policies,
legislation and regulation globally to promote clean energy and
a) Better competitive position to reflect
energy efficiency. Changes in regulations, increases in the demand
shifting consumer preferences, x
for advanced building controls and energy efficient products, and
resulting in increased revenues
the transiti
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ESG
DATA
ESG Data Sheet (v 23.09.20)
Category Metric 2021 2022
Scope 1 GHG emissions, metric tons CO e 1,324,742 1,059,105
2
Scope 2 GHG emissions, location-based, metric tons CO e 693,288 697,091
2
Total Scope 1 & 2 location-based, metric tons CO e 2,018,031 1,756,196
2
GHG intensity, Scope 1 & 2 location-based, metric tons CO e/$M revenue 58.7 49.5
2
Scope 2 GHG emissions, market-based, metric tons CO e 808,985 694,255
2
Scope 3 GHG emissions2, select categories, metric tons CO e
2
Purchased goods and services 15,324,871 16,222,277
Capital goods 571,932 471,091
Greenhouse Gas (GHG)
Fuel and energy-related activities (not included in Scope 1 and 2) 367,463 349,765
Emissions1
Upstream transportation and distribution 311,035
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ESG Data Sheet (v 23.09.20)
Category Metric 2021 2022
Avoided Emissions5 GHG emissions avoided by customers, metric tons CO e since 2010 260,000,000 326,000,000
2
Total energy consumed, gigajoules 16,087,000 16,462,506
% grid electricity 38% 37%
Energy Management
% renewable 1% 1%
Energy intensity, billion British thermal units/$M revenue 0.443 0.440
Hazardous Waste Total hazardous waste generated, metric tons 15,900 13,414
Total water withdrawal, thousand cubic meters 19,600 20,986
% withdrawal in water-stressed locations, as defined by SASB 26% 23%
Water Management
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
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ESG Data Sheet (v 23.09.20)
Category Metric 2021 2022
Number of directors 10 10
Number of independent directors 9 9
Number of women 3 4
Number of men 7 6
Board of Directors9
Number of people of color 4 4
Asian 1
Black 2 2
Hispanic 2 1
Number of employees (global) 99,000 97,000
Number of employees (U.S.) 34,000 34,000
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%
Human Capital10 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%
Undis
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ESG Data Sheet (v 23.09.20)
Category Metric 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%
Human Capital10
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%
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NVIRONMENTAL SOCIAL GOVERNANCE
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ESG Data Sheet (v 23.09.20)
Category Metric 2021 2022
CDP Climate Report Yes Yes
TCFD Report Yes Yes
Reporting SASB Report Yes Yes
Citizenship Report/ESG Report Yes Yes
EEO-1 Report Yes Yes11
1Limited third-party GHG assurance obtained since 2011.
2Represents estimated Scope 3 GHG emissions for the select categories disclosed in our CDP Climate Report.
3Announced April 2021.
4Commitment letter submitted to the Science Based Targets initiative (SBTi) in February 2022 and validated in April 2023.
5Emissions avoided by customers from use of Solstice® low global-warming-potential products.
6Weighted industry averages are based on the following NAICS benchmark codes: 237, 325, 326, 334, 541, 2382, 2389, 3162, 3339, 3364.
7Metric
Keyword: bribe
corruption, bribery or illicit international trade in 
2022. 
Additional information on our ethics and 
compliance program can be found on our 
website.
52
SUPPLY CHAIN
THROUGH A RECIPROCAL RELATIONSHIP, OUR SUPPLIERS HELP US ACHIEVE OUR SUSTAIN-
ABILITY GOALS AND WE HELP THEM DRIVE SUSTAINABILITY INTO THEIR PROCESSES AND 
PRACTICES. 
As a global company, we conduct business 
with more than 12,000 suppliers around 
the world. We expect each to demonstrate 
responsible and sustainable conduct by 
following our Supplier Code of Conduct and 
our corporate Code of Conduct. 
In 2022, we revamped our supplier standards 
to align them with the model supplier code of 
the International Forum on Business Ethical 
Conduct (IFBEC) and renamed them our 
Supplier Code of
Keyword: bribe
incidents of corruption, bribery and/or illicit international trade.
74
SIGNIFICANT INSTANCES OF NON-COMPLIANCE
ENVIRONMENTAL
SOCIAL
Fines
(US$)
Instances
Fines
(US$)
Instances
2018
59,000
1
(See footnote)
1
2019
0
0
0
0
2020
0
0
61,477
1
2021
46,083
1
0
0
2022
27,900 
1
0
0
Significant instances include those that result in fines in excess of $25,000. In 2018, we settled LeBlanc, et al. v. Howmet et al., which was a matter arising out 
of a helicopter accident in the Gulf of Mexico. We resolved the case for an undisclosed payment. In 2020 in LaPorte, Indiana, we reached a settlement with two 
terminated employees in response to a charge filed with the National Labor Relations Board. The 2021 fine involved a settlement on emission-limit exceedances 
for carbon monoxide an
Keyword: bribe
with incidents of corruption, bribery, 
and/or illicit international trade
Quantitative
RT-AE-510a.1
Ethics, 
Compliance 
and Human 
Rights 
Revenue from countries ranked in 
the “E” or “F” Band of Transparency 
International’s Government Defence 
Anti-Corruption Index
Quantitative
RT-AE-510a.2
ESG 
Performance 
Metrics 
Discussion of processes to manage 
business ethics risks throughout the 
value chain
Discussion 
and Analysis
RT-AE-510a.3
Ethics, 
Compliance 
and Human 
Rights 
Supply Chain
Keyword: corruption
our Anti-Corruption, Human Rights, Anti-
Harassment, Anti-Retaliation, and Environment, 
Health and Safety policies. 
Our Integrity Line is available 24/7 via phone, 
email and our website for all employees 
and external stakeholders who wish to 
seek advice or raise a concern. In 2022, we 
received 395 new concerns, questions and 
comments through this hotline and ensured 
that each was investigated appropriately and 
addressed. As a result of issues raised, we 
implemented more than 40 corrective actions 
during the year that included discipline, 
training, coaching and process improvements. 
Our Ethics and Compliance (E&C) Program is 
designed to effectively:
 Foster an organizational culture of 
integrity, ethical decision-making and 
compliance with our
Keyword: corruption
reporting concerns and anti-corruption. 
We track all training, with the goal of 
100 percent completion. Each employee 
also certifies adherence to our Code of 
Conduct and anti-corruption policies after 
completing the annual training;
 Partnering with our global learning 
management team to improve training 
administration and completion reporting;
 Implementing a third-party solution 
that provides oversight of third-party 
intermediary relationships, including 
risk-based reviews, due diligence, annual 
certification tracking and ongoing 
monitoring;
 Reviewing and reassessing the business 
need for all intermediaries;
51
 Receiving certification from all employees 
that any conflicts of interests will be 
reported;
 Continually assessing the program 
through our bi-annual
Keyword: corruption
corruption, bribery or illicit international trade in 
2022. 
Additional information on our ethics and 
compliance program can be found on our 
website.
52
SUPPLY CHAIN
THROUGH A RECIPROCAL RELATIONSHIP, OUR SUPPLIERS HELP US ACHIEVE OUR SUSTAIN-
ABILITY GOALS AND WE HELP THEM DRIVE SUSTAINABILITY INTO THEIR PROCESSES AND 
PRACTICES. 
As a global company, we conduct business 
with more than 12,000 suppliers around 
the world. We expect each to demonstrate 
responsible and sustainable conduct by 
following our Supplier Code of Conduct and 
our corporate Code of Conduct. 
In 2022, we revamped our supplier standards 
to align them with the model supplier code of 
the International Forum on Business Ethical 
Conduct (IFBEC) and renamed them our 
Supplier
Keyword: corruption
INTERNATIONAL’S GOVERNMENT DEFENSE ANTI-CORRUPTION INDEX
REVENUE
(US$ million)
PERCENTAGE OF  
REVENUE BY COUNTRY
2020
94.0
80%: China
13%: Brazil
Remaining 7%: Morocco, United Arab Emirates, Republic of Cote d’Ivoire, 
Jordan, Qatar, Bahrain, Pakistan and Sri Lanka. Our Engine Products and 
Fastening Systems segments generated the majority of this revenue.
2021
94.6
76%: China
17%: Brazil
Remaining 7%: Morocco, Thailand, United Arab Emirates, Kuwait, 
Republic of Cote d’Ivoire, Jordan, Qatar, Bahrain, Sri Lanka and Saudi 
Arabia. Our Engine Products and Fastening Systems segments generated 
the majority of this revenue.
2022
140.0
79%: China 
15%: Brazil
Remaining 6%: Morocco, United Arab Emirates, Thailand, Republic of 
Cote d’Ivoire, Jordan, Qatar, Azerbaijan, Sri Lanka, Saudi Arabia, B
Keyword: corruption
incidents of corruption, bribery and/or illicit international trade.
74
SIGNIFICANT INSTANCES OF NON-COMPLIANCE
ENVIRONMENTAL
SOCIAL
Fines
(US$)
Instances
Fines
(US$)
Instances
2018
59,000
1
(See footnote)
1
2019
0
0
0
0
2020
0
0
61,477
1
2021
46,083
1
0
0
2022
27,900 
1
0
0
Significant instances include those that result in fines in excess of $25,000. In 2018, we settled LeBlanc, et al. v. Howmet et al., which was a matter arising out 
of a helicopter accident in the Gulf of Mexico. We resolved the case for an undisclosed payment. In 2020 in LaPorte, Indiana, we reached a settlement with two 
terminated employees in response to a charge filed with the National Labor Relations Board. The 2021 fine involved a settlement on emission-limit exceedances 
for carbon mo
Keyword: corruption
GRI 205: Anti-Corruption 2016
3-3: Management 
of material topic
Ethics, Compliance and Human 
Rights
205-1: Operations 
assessed for risks 
related to corruption
Ethics, Compliance and Human 
Rights
205-2: 
Communication and 
training about anti-
corruption policies 
and procedures
Ethics, Compliance and Human 
Rights
81
DISCLOSURE
LOCATION
OMISSION
Requirement(s) 
Omitted
Reason
Explanation
205-3: Confirmed 
incidents of 
corruption and 
actions taken
Ethics, Compliance and Human 
Rights
GRI 302: Energy 2016
3-3: Management 
of material topic
Energy
302-1: Energy 
consumption within 
the organization
Energy
302-2: Energy con-
sumption outside 
of the organization
Energy
302-3: Energy 
intensity
Energy
302-4: Reduction of 
energy consumption
Energy
302-5: Reducti
Keyword: corruption
with incidents of corruption, bribery, 
and/or illicit international trade
Quantitative
RT-AE-510a.1
Ethics, 
Compliance 
and Human 
Rights 
Revenue from countries ranked in 
the “E” or “F” Band of Transparency 
International’s Government Defence 
Anti-Corruption Index
Quantitative
RT-AE-510a.2
ESG 
Performance 
Metrics 
Discussion of processes to manage 
business ethics risks throughout the 
value chain
Discussion 
and Analysis
RT-AE-510a.3
Ethics, 
Compliance 
and Human 
Rights 
Supply Chain
Keyword: governance
AND GOVERNANCE REPORT
2022
2
Forward-Looking Statements: This report contains, in 
addition to historical information, statements concerning 
Howmet Aerospace’s expectations, goals, targets, strategies 
or future performance. These “forward-looking statements” 
include such words as “anticipates,” “believes,” “estimates,” 
“expects,” “should,” “will,” or other words of similar meaning 
and are subject to a number of known and unknown risks and 
uncertainties. Some of the factors that may cause Howmet 
Aerospace’s actual results to differ materially from those 
expressed or implied in the forward-looking statements 
include uncertainty of the duration, extent and impact of 
the COVID-19 pandemic on Howmet Aerospace’s operations 
and financial condition; d
Keyword: governance
Governance.............................................................................................................. 50
Ethics, Compliance and Human Rights.........................................................50
Supply Chain..................................................................................................... 52
Cybersecurity.................................................................................................... 54
Environmental Compliance............................................................................57
Awards and Recognition......................................................................................... 59
ESG Performance Metrics..................................................................
Keyword: governance
the communities where we operate and adhering to good governance practices.
Strong growth, primarily in the commercial aerospace market, boosted our revenue by 14 percent 
in 2022. With a healthy market and strong demand, we focused on safely increasing production 
while addressing the challenges of retaining talent and managing our energy consumption and 
environmental impacts. We also increased our workforce by 1,500 people and invested nearly US$200 
million during the year to support the significant production ramp-up.  
We continue to leverage our differentiated technologies to help our customers manufacture lighter, more 
fuel-efficient aircraft and commercial trucks with lower carbon footprints. We showcased our engineered 
solutions, which have nearly 1,150 granted and pending patents, during ou
Keyword: governance
As this report shows, we continue to work on our environmental, social and governance (ESG) 
challenges with transparency and dedication. We have made significant strides in reducing hazardous 
waste, optimizing our water use, progressing on our GHG emission goal, keeping our sites safe and 
working with suppliers who share our values. This progress would not be possible without the hard 
work and commitment of every employee.
 
John C. Plant 
Chairman and Chief Executive Officer
5
E S G  A T  H O W M E T  A E R O S P A C E
ESG APPROACH
CLIMATE CHANGE AND SUPPLY CHAIN DECARBONIZATION HAVE MOVED TO THE FOREFRONT 
OF OUR ESG FOCUS. OUR BUSINESS STRATEGY IS TO REDUCE THE FOOTPRINT OF OUR 
PRODUCTS, FROM WHEN WE RESPONSIBLY SOURCE RAW MATERIALS TO WHEN THE 
PRODUCTS ARE MANUFACTURED AND ULTIMATELY USED BY OUR CUSTOMERS. 
Our po
Keyword: governance
GOVERNANCE APPROACH
Our commitment to ESG starts at the top of 
our organization with our Board of Directors. 
Our board is committed to our ESG goals 
and maintains oversight for ESG matters 
at the full board level and through various 
board committees. The full board reviews our 
comprehensive ESG program at least annually. 
Our board and CEO also review our talent in 
key positions across our company, update our 
succession strategy and leadership pipeline 
for key roles, including CEO, and assess the 
adequacy of our workforce to meet business 
challenges and future growth required for our 
long-term corporate strategy. In addition, the 
board receives updates and presentations 
on key topics, including diversity, equity 
and inclusion and emplo
Keyword: governance
management, including governance, strategy, 
risk management, metrics and targets for this 
maturing topic. Our updated TCFD disclosure 
is available on our website.
CLIMATE GOALS
We believe that our role in the transition to a 
lower-carbon economy is aligning our direct 
and indirect emissions with the goals of the 
Paris Agreement. This means that our target 
framework, pace of emission contraction and 
ultimate goal of net zero will be based on 
science and proven technologies. 
Our objective is to manage a credible 
and realistic transition plan that we have 
divided into near-, medium- and long-term 
phases focusing on 2024, 2030 and 2050, 
respectively. Our near-term target is focused 
on our own operations. 
We have identified more than 100 energy-
saving projects
Keyword: governance
A data governance and protection 
program involving both technical and 
procedural controls; and
 Physical (video surveillance, locks, etc.) and 
technical safeguards at our facilities. Many 
of the technical safeguards are derived 
from the National Institute of Standards and 
Technology (NIST) Special Publication 800-53 
and NIST Special Publication 800-171.
We also subscribe to managed security ser-
vice providers (MSSPs) that offer continuous 
monitoring. Vital to our cybersecurity pro-
gram, MSSPs assist with early threat detection 
and protection and escalate issues to our cor-
porate cybersecurity team. We carry cyberse-
curity insurance to help protect the company 
in the event of a cyberattack.  
Our cybersecurity program includes 
benchmarking wit
Keyword: governance
GOVERNANCE
Ethics, Compliance and Human Rights
REVENUE IN COUNTRIES RANKED E OR F ON TRANSPARENCY 
INTERNATIONAL’S GOVERNMENT DEFENSE ANTI-CORRUPTION INDEX
REVENUE
(US$ million)
PERCENTAGE OF  
REVENUE BY COUNTRY
2020
94.0
80%: China
13%: Brazil
Remaining 7%: Morocco, United Arab Emirates, Republic of Cote d’Ivoire, 
Jordan, Qatar, Bahrain, Pakistan and Sri Lanka. Our Engine Products and 
Fastening Systems segments generated the majority of this revenue.
2021
94.6
76%: China
17%: Brazil
Remaining 7%: Morocco, Thailand, United Arab Emirates, Kuwait, 
Republic of Cote d’Ivoire, Jordan, Qatar, Bahrain, Sri Lanka and Saudi 
Arabia. Our Engine Products and Fastening Systems segments generated 
the majority of this revenue.
2022
140.0
79%: China 
15%: Braz
Keyword: governance
Governance
2-9: Governance 
structure and 
composition
Corporate Governance
Form 10-K (page 82)
Proxy Statement (page 26)
78
DISCLOSURE
LOCATION
OMISSION
Requirement(s) 
Omitted
Reason
Explanation
2-10: Nomination 
and selection 
of the highest 
governance body
Proxy Statement (pages 6 to 18 
and 34) 
Certificate of Incorporation
Bylaws
Governance and Nominating 
Committee Charter
2-11: Chair of 
the highest 
governance body
Form 10-K (page 82) 
2-12: Role of the 
highest governance 
body in overseeing 
the management 
of impacts
Proxy Statement (page 26) 
Audit Committee Charter
Finance Committee Charter  
Corporate Governance Guidelines 
(Corporate Citizenship section)
2-13: Delegation of 
responsibility for 
managing impacts
Proxy Statement (page
Keyword: governance
governance body 
in sustainability 
reporting
Corporate Governance Guidelines 
(Corporate Citizenship section) 
Proxy Statement (pages 23 to 25)
2-15: Conflicts 
of interest
Form 10-K (page 83) 
Governance and Nominating 
Committee Charter
2-16: 
Communication of 
critical concerns
Form 10-K (pages 9 to 15) 
Proxy Statement (pages 32 to 33 
and 47 to 48) 
Corporate Governance Guidelines 
Compensation and Benefits 
Committee Charter
2-17: Collective 
knowledge of 
the highest 
governance body
Proxy Statement (pages 8 to 14)
2-18: Evaluation of 
the performance 
of the highest 
governance body
Proxy Statement (pages 31 to 32) 
Governance and Nominating 
Committee Charter
79
DISCLOSURE
LOCATION
OMISSION
Requirement(s) 
Omitted
Reason
Explanation
2-19: R
Keyword: governance
Corporate Governance Guidelines 
Compensation and Benefits 
Committee Charter
2-20: Process 
to determine 
remuneration
Form 10-K (page 83) 
Proxy Statement (pages 49 and 50) 
Corporate Governance Guidelines
Compensation and Benefits 
Committee Charter
2-21: Annual total 
compensation ratio
Form 10-K (page 83) 
Proxy Statement (page 689)
Strategy, Policies and Practices
2-22: Statement 
on sustainable 
development 
strategy
ESG Approach
2-23: Policy 
commitments
Howmet Policies
Human Rights Policy
2-24: Embedding 
policy commitments
Ethics, Compliance and Human 
Rights 
Supply Chain
2-25: Processes 
to remediate 
negative impacts
Ethics and Compliance 
Waste and Spills 
2-26: Mechanisms 
for seeking advice 
and raising concerns
Integrity Line
2-27: Compliance
Keyword: governance
governance bodies 
and employees
Leadership
Human Capital
405-2: Ratio of 
basic salary and 
remuneration of 
women to men
ESG Performance Metrics
GRI 416: Customer Health and Safety 2016
3-3: Management 
of material topic
Product Safety Chemical 
Management
416-1: Assessment 
of the health and 
safety impacts 
of product and 
service categories
Product Safety Chemical 
Management
416-2: Incidents of 
non-compliance 
concerning the 
health and safety 
impacts of products 
and services
Product Safety 
GRI 418: Customer Privacy 2016
3-3: Management 
of material topic
Cybersecurity
418-1: Substantiated 
complaints 
concerning breaches 
of customer privacy 
and losses of 
customer data
Cybersecurity
 
84
SUSTAINABILITY ACCOUNTING 
STANDARDS BOARD INDEX
H
Keyword: bribe
incidents of corruption, bribery or illicit international trade.
• We had zero new environmental compliance cases of higher risk.
 
In every part of the world, we are committed to 
conduct business ethically and in compliance with 
all applicable laws.
Guiding our actions are our values, Code of 
Conduct and key corporate policies, including our 
Anti-Corruption, Human Rights, Anti-Harassment, 
Anti-Retaliation, and Environment, Health and 
Safety policies. 
Our Integrity Line is available 24/7 via phone, email 
and our website for all employees and external 
stakeholders who wish to seek advice or raise a 
concern. In 2023, we received 528 new concerns, 
questions and comments through this hotline and 
ensured that each was investigated appropriately 
and addressed. As