exo-is/governance-reporting-on-listed-companies huggingface dataset:
Keyword: governance
>  Corporate Governance
>  Board of Directors
>  2022 Proxy Statement
>  2021 Annual Report
>  Political Activity and Government  
    Relations Policy
>  Annual Advocacy and Political  
    Activity Report (2018-2021)
>  Federal Election Commission
RESOURCES
OUR  
BUSINESS
Overview
Strengthen  
Our Communities
Focus on  
Our People
Our  
Business
Operate 
Sustainably
Reporting 
Framework
Table of  
Contents
International  
Retail Operations
75
The Home Depot     2022 ESG Report 
Overview
Strengthen  
Our Communities
Focus on  
Our People
Our  
Business
Reporting 
Framework
Table of  
Contents
International  
Retail Operations
Operate  
Sustainably
Our Business Code of Conduct 
and Ethics provides straightforward 
information about The Home Depot’s 
operating pri
Keyword: governance
governance, which promotes the long-
term interests of shareholders, strengthens 
Board and management accountability, 
and helps build public trust in the 
company. 
Our Board of Directors has adopted 
policies and processes that foster effective 
Board oversight of critical matters such as 
strategy, risk management, financial and 
other controls, compliance, culture, ESG,  
and management succession planning.
At least once a year, our Board discusses 
our sustainability strategy and activities, 
including this report.
Leadership Structure 
 
On at least an annual basis, the Board 
assesses its leadership structure, 
including the appointment of the Chair of 
the Board. Our Lead Director is annually 
elected by the independent members of 
the Board
Keyword: governance
robust corporate governance practices, 
has provided strong independent 
oversight of management while ensuring 
clear strategic alignment throughout the 
company. 
 
In early 2022, in connection with our 
CEO succession process, the Board split 
the CEO and Chair roles to support the 
leadership transition. Our former CEO, 
Craig Menear, remained as Board Chair 
following the appointment of Ted Decker 
as CEO and President. The independent 
members of the Board will continue to 
assess the Board leadership structure over 
time and determine what best supports the 
company’s needs.  
CORPORATE GOVERNANCE
Our corporate governance 
policies reflect best practices:
Shareholder Protections
•	
Annual election of directors with 
majority voting standard in uncontested 
dir
Keyword: governance
set forth in Corporate Governance 
Guidelines
•	
Independent directors meet without 
management
 
We understand our responsibility to behave ethically, to understand the impact we have on people and communities, 
and to fairly consider the interests of a broad base of stakeholders.
Our proxy statement 
offers more details about 
corporate governance and 
risk management. Go to 
our Corporate Governance 
Overview for additional 
information on our corporate 
governance practices. 
LEARN MORE
Corporate Governance
77
The Home Depot     2022 ESG Report 
Overview
Strengthen  
Our Communities
Focus on  
Our People
Our  
Business
Reporting 
Framework
Table of  
Contents
International  
Retail Operations
Operate  
Sustainably
Board Committees
Our Board of Directors has established
Keyword: governance
GOVERNANCE (NCG) 
 COMMITTEE
FULL BOARD
•	 Has primary responsibility for risk oversight, including approval of strategic objectives and defining risk appetite
•	 Delegates oversight of management of certain risks to Board committees
•	 Receives regular reports from the committees regarding risk-related matters
AUDIT
FINANCE
LDC COMMITTEE
NCG COMMITTEE
•	 Overall risk assessment 
and management
•	 Financial exposures, 
statements, controls, 
systems and reporting
•	 Regulatory and 
compliance, including 
FCPA/anti-bribery and our 
whistleblower program
•	 Data protection and 
cybersecurity
•	 Internal audit and related 
investigatory matters
•	 Quality, safety and 
responsible sourcing
•	 Long-range strategic 
planning
•	 Long-range financial outlook
Keyword: governance
•	 Corporate governance
•	 Director succession 
planning and board 
composition
•	 Policies on political 
activity, including political 
spending and payments 
to trade associations
•	 Related-person 
transactions
•	 Corporate social 
responsibility and 
environmental efforts, 
risks and opportunities
Corporate Governance
78
The Home Depot     2022 ESG Report 
Overview
Strengthen  
Our Communities
Focus on  
Our People
Our  
Business
Reporting 
Framework
Table of  
Contents
International  
Retail Operations
Operate  
Sustainably
We actively participate, and encourage our 
associates to participate, in the political 
process. Our Political Activity and 
Government Relations Policy provides 
the framework for our political activity. We 
engage in three key ways:
Keyword: governance
The Nominating and Corporate Governance 
Committee of our Board of Directors provides 
additional oversight, conducting an annual review 
of our Political Activity and Government Relations 
Policy, the company’s political contributions and 
payments to trade associations that engage in 
lobbying activities. 
 
The Nominating & Corporate Governance 
Committee must approve in advance any public 
advertisement directly or indirectly paid for by the 
Company that expressly advocates the election 
or defeat of a candidate in which Home Depot 
is identified specifically as an advocate of such 
election or defeat. To date, the company has not 
made any expenditure for such electioneering 
communications, and has no present plans to make 
any such expenditures. 
 
The Home Depot PAC’s f
Keyword: governance
inances, governance and 
communications are governed by a PAC Board. 
The PAC Board is chaired by the vice president 
of Government Relations and is made up of 
representatives from each functional area of the 
business and each field division to ensure a wide 
range of experiences and perspectives.   
 
We provide transparency in our actions by 
publishing an annual report of the company’s 
political contributions and the aggregate dues 
paid to trade associations that engage in 
lobbying activities, and any independent political 
expenditures by the Company supporting or 
opposing ballot initiatives and contributions 
to ballot measures committees. We list trade 
associations to which our company makes 
yearly payments of $5,000 or more, and our PAC 
contri
Keyword: governance
Accountability & Governance 
 
Tax governance is overseen by the Audit 
Committee of the Board of Directors. 
At least once a year, company leaders 
report to the Audit Committee regarding 
our approach to managing taxes. Learn 
more about our Corporate Governance 
structure on Page 76. 
   
 
Risk Management 
 
We identify and manage risks associated 
with taxes, including: 
 
•   Legislative uncertainty 
 
•   Reputational risk, including that a tax  
     position taken by the company may  
     not be consistent with our guiding  
     principles or may expose the  
     company to negative publicity 
 
•   Scarcity of talented tax professionals  
     to recruit and hire as associates 
 
 
 
Compliance 
 
We comply with tax laws in the 
jurisdictions in which we
Keyword: governance
Governance, Risk & Compliance
•	 The Home Depot has a Data Security 
and Privacy Governance Committee, 
composed of a cross-functional 
group of senior leadership, that 
oversees the strategy and approach 
in place to manage the security and 
privacy of customer, associate and 
business data.
•	 Information security and privacy 
policies are in place and are informed 
by regulatory requirements.  These 
policies are reviewed periodically 
to ensure they remain aligned with 
current requirements.
•	 Targeted audits and penetration tests 
are conducted throughout the year 
by internal and external entities.
•	 We are compliant with the Payment 
Card Industry Data Security 
Standard.
•	 We engage an industry-leading third 
party to independently evaluat
Keyword: governance
>  Nominating & Corporate Governance 
    Committee (NCGC) Charter
>  Leadership Development & Compensation 
    Committee (LDCC) Charter
>  Corporate Governance Guidelines
>  Business Code of Conduct & Ethics
>  Board Candidate Policy
>  Political Activity Policy
>  Responsible Sourcing Report
RESOURCES
REPORTING
FRAMEWORK
Overview
Strengthen  
Our Communities
Focus on  
Our People
Our  
Business
Operate 
Sustainably
Reporting 
Framework
Table of  
Contents
International  
Retail Operations
83
The Home Depot     2022 ESG Report 
Overview
Strengthen  
Our Communities
Focus on  
Our People
Our  
Business
Reporting 
Framework
Table of  
Contents
International  
Retail Operations
Operate  
Sustainably
GRI Standards
GRI STANDARDS
The Global Reporting Initiative (GRI) is an intern
Keyword: governance
Corporate Governance, Proxy Statement pgs. 4-7
102-12
External initiatives
Ratings and Recognition, Carbon Footprint, Supply 
Chain, U.N. Sustainable Development Goals, Corporate 
Website – Responsibility, Responsible Sourcing Report
102-13
Membership of associations
Carbon Footprint, Supply Chain, Responsible Chemistry, 
Water-Saving Products, Strengthen Our Communities, 
International Retail Operations, Responsible Sourcing 
Report
STRATEGY
GRI 102: General 
Disclosures
102-14
Statement from senior decision-maker
CEO Letter
102-15
Key impacts, risks and opportunities
ESG Priority Touchpoints, Home Depot Goals
ETHICS &  
INTEGRITY
GRI 102: General 
Disclosures
102-16
Values, principles, standards and norms 
of behavior
Diversity, Equity & Inclusion, Code of C
Keyword: governance
Corporate Governance, Business Code of Conduct 
and Ethics, Corporate Governance Guidelines, Proxy 
Statement pg. 4-5, Responsible Sourcing Report
102-17
Mechanisms for advice and concerns 
about ethics
Sourcing Responsibly, Code of Conduct, Business  
Code of Conduct and Ethics, Responsible Sourcing 
Report
84
The Home Depot     2022 ESG Report 
Overview
Strengthen  
Our Communities
Focus on  
Our People
Our  
Business
Reporting 
Framework
Table of  
Contents
International  
Retail Operations
Operate  
Sustainably
GOVERNANCE
GRI 102: General 
Disclosures
102-18
Governance structure
Corporate Governance, Proxy Statement pgs. 1-24, 
Corporate Website – Investor Relations > Corporate 
Governance, NCGC Charter, Corporate Governance 
Guidelines
102-19
Delegating a
Keyword: governance
Sourcing, Corporate Governance
102-20
Executive-level responsibility for economic, 
environmental and social topics
Engaging Stakeholders & Setting Priorities, Ethical 
Sourcing, Corporate Governance, Proxy Statement pgs. 
2-8, NCGC Charter, Corporate Governance Guidelines
102-21
Consulting stakeholders on economic, 
environmental, and social topics
Engaging Stakeholders & Setting Priorities, ESG Priority 
Touchpoints, Proxy Statement pg. 8
102-22
Composition of the highest governance 
body and its committees
Corporate Governance, Proxy Statement pgs. 1-24, 
Corporate Website – Investor Relations > Corporate 
Governance
102-23
Chair of the highest governance body 
Corporate Governance, Proxy Statement pgs. 1-24
102-24
Nominating and selecting the highest 
governance bod
Keyword: governance
Corporate Governance, Proxy Statement pgs. 1-24, 
Policy on Consideration and Evaluation of Board 
Candidates, Corporate Governance Guidelines
102-25
Conflicts of Interest
Proxy Statement pgs. 10-12, Business Code of Conduct 
and Ethics, Corporate Governance Guidelines
102-26
Role of highest governance body in 
setting purpose, values and strategy
Engaging Stakeholders & Setting Priorities, Ethical 
Sourcing, Corporate Governance, Proxy Statement 
and Letter to Shareholders pgs. 1-8, NCGC Charter, 
Corporate Governance Guidelines
102-27
Collective knowledge of highest 
governance body
Engaging Stakeholders & Setting Priorities,  
Corporate Governance, Proxy Statement pgs. 1-24
102-28
Evaluating the highest governance 
body’s performance
Corporate Governance, P
Keyword: governance
Corporate Governance, Proxy Statement pgs. 1-17, 
Corporate Website – Investor Relations > Corporate 
Governance, Corporate Governance Guidelines
102-30
Effectiveness of risk management 
process
Corporate Governance, Proxy Statement pgs. 2-8, 
Corporate Website – Investor Relations > Corporate 
Governance, Corporate Governance Guidelines
102-31
Review of economic, environmental  
and social topics
Engaging Stakeholders & Setting Priorities, ESG 
Priority Touchpoints, Home Depot Goals, Corporate 
Governance, Proxy Statement pgs. 1-10, Corporate 
Website – Investor Relations > Corporate Governance, 
Corporate Governance Guidelines
102-32
Highest governance body’s role in 
sustainability reporting
Engaging Stakeholders & Setting Priorities, Corporate 
Governance,
Keyword: governance
Website – Investor Relations > Corporate Governance, 
NCGC Charter
102-33
Communicating critical concerns 
Engaging Stakeholders & Setting Priorities, Code of 
Conduct, Corporate Governance, Proxy Statement pgs. 
1-17, Business Code of Conduct and Ethics, Corporate 
Governance Guidelines
102-35
Remuneration policies 
Proxy Statement pgs. 50-82, Corporate Governance 
Guidelines, LDCC Charter
GRI STANDARD
DESCRIPTION
ANSWER/LOCATION CROSS REFERENCE
GRI Standards
85
The Home Depot     2022 ESG Report 
Overview
Strengthen  
Our Communities
Focus on  
Our People
Our  
Business
Reporting 
Framework
Table of  
Contents
International  
Retail Operations
Operate  
Sustainably
102-36
Process for determining remuneration
Proxy Statement pgs. 50-82, Corporate Governance 
Guidelines, LDCC Charter
102-37
Keyword: governance
Tax governance, control and risk 
management
Corporate Taxes
207-3
Stakeholder engagement and 
management of concerns related to tax
Corporate Taxes
207-4
Country-by-country reporting
Corporate Taxes
ENVIRONMENTAL
MATERIALS
GRI 103: 
Management 
Approach
103-1
Explanation of the material topic and  
its Boundary
ESG Priority Touchpoints
103-2
The management approach and its 
components
ESG Priority Assessment Framework
103-3
Evaluation of the management approach
ESG Priority Assessment Framework, ESG 
Transparency
GRI 301: Materials
301-1
Materials used by weight or volume
ESG Transparency, Circularity, Sustainable Packaging
ENERGY
GRI 103: 
Management 
Approach
103-1
Explanation of the material topic and  
its Boundary
ESG Priority Touchpoints
103-2
The
Keyword: governance
Diversity of governance bodies and 
employees
Diversity, Equity & Inclusion, Proxy Statement pg. 14-24
405-2
Ratio of basic salary and 
renumeration of women to men
Diversity, Equity & Inclusion
GRI STANDARD
DESCRIPTION
ANSWER/LOCATION CROSS REFERENCE
GRI Standards
89
The Home Depot     2022 ESG Report 
Overview
Strengthen  
Our Communities
Focus on  
Our People
Our  
Business
Reporting 
Framework
Table of  
Contents
International  
Retail Operations
Operate  
Sustainably
FORCED OR 
COMPULSORY LABOR
GRI 103: 
Management 
Approach
103-1
Explanation of the material topic and its 
Boundary
ESG Priority Touchpoints
103-2
The management approach and its 
components
ESG Priority Assessment Framework
103-3
Evaluation of the management approach
ESG Priority Assessment Fr
Keyword: governance
ESG Transparency, Corporate Governance, Government 
Relations, Political Activity and Government Relations 
Policy, Advocacy and Political Activity Report
CUSTOMER HEALTH  
& SAFETY
GRI 103: 
Management 
Approach
103-1
Explanation of the material topic and its 
Boundary
ESG Priority Touchpoints
103-2
The management approach and its 
components
ESG Priority Assessment Framework
103-3
Evaluation of the management approach
ESG Priority Assessment Framework, ESG Transparency
GRI 416: 
Customer Health 
and Safety
416-1
Assessment of the health and safety 
impacts of product and service 
categories
ESG Transparency, Greener Products, Responsible 
Chemistry, Energy-Saving Products, Water-Saving 
Products, Gardening, Cleaning
GRI STANDARD
DESCRIPTION
ANSWER/LOCATION CROSS REFERENCE
GRI
Keyword: governance
GOVERNANCE
Describe the board’s oversight of 
climate-related risks and opportunities.
Engaging Stakeholders 
and Setting Priorities
5
CDP Report; 2022 Proxy 
Statement pgs. 2-8
Corporate Governance 
69-70
Describe management’s role in 
assessing and managing climate-related 
risks and opportunities.
Engaging Stakeholders 
and Setting Priorities
5
CDP Report; 2022 Proxy 
Statement pgs. 2-8
ESG Priority Assessment 
Framework
7
Goals 
9-10
Corporate Governance 
69-70
STRATEGY
Describe the climate-related risks and 
opportunities the organization has 
identified over the short, medium and 
long term.
ESG Priority Touchpoints
8
CDP Report; ; 2021 Annual 
Report on SEC Form 10-K 
pgs. 9-21; 2022 Proxy 
Statement pgs. 2-8
Protecting the Climate
33-36
Descr
Keyword: governance
Corporate Governance 
69-70
Describe the resilience of the 
company’s strategy, taking into 
consideration different climate-related 
scenarios, including  a 2°C or lower 
scenario.
Goals 
9-10
CDP Report
Protecting the Climate
33-36
Reducing Environmental 
Impact
41-54
TCFD FRAMEWORK
The Task Force on Climate-related Financial Disclosures (TCFD) develops voluntary, consistent climate-related financial risk 
disclosures for companies to provide information to stakeholders. We have considered the TCFD framework as a tool to make 
meaningful data accessible to our stakeholders and have provided below the location of the relevant information in our 2022 
ESG Report.
Section
Page #
ADDITIONAL SOURCES
RECOMMENDED 
DISCLOSURE TOPICS
2022 ESG REPORT
TCFD Framework
94
Keyword: governance
Corporate Governance 
69-70
Describe the company’s processes for 
managing climate-related risks.
Engaging Stakeholders 
and Setting Priorities
5
CDP Report; 2022 Proxy 
Statement pgs. 2-8
ESG Priority Assessment 
Framework
7
Protecting the Climate
33-36
Corporate Governance 
69-70
Describe how processes for identifying, 
assessing and managing climate-
related risks are integrated into the 
company’s overall risk management.
Engaging Stakeholders 
and Setting Priorities
5
CDP Report; 2022 Proxy 
Statement pgs. 2-8
ESG Priority Assessment 
Framework
7
Corporate Governance 
69-70
METRICS & TARGETS
Disclose the metrics used by the 
company to assess climate-related 
risks and opportunities in line with 
its strategy and risk-management 
process.
ESG Priority Ass
Keyword: bribe
discrimination, harassment, conflicts of interest, anti- issues related to potential anti-corruption and anti-bribery
corruption, cybersecurity, data privacy and trade controls. concerns using modern, digital tools and experienced, globally-
dispersed personnel located in high-risk regions to execute the
• Robust and frequent communications to engage all levels of
elements of the program.
the company on the criticality of integrity and compliance.
• Comprehensive training on key compliance topics in over 20 The foundation of this program is our company-wide anti-
languages. corruption policy. Available in over 20 languages, this policy
applies to all employees, directors, sales intermediaries,
• Essential compliance tools that offer real-time visibility into
suppliers and vendors, and prohibits offering, making or
business transactions.
Honeywell | Govern
Keyword: bribe
accepting a bribe; making any facilitation payments or retaining verification that a proper basis for payment has been logged
a third party when there is a reason to suspect an improper into the approval system. Honeywell also conducts continuous
payment. monitoring of suppliers through its supplier due diligence
program.
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 INTEGRITY AND ETHICS CERTIFICATION, TRAINING
in law, auditing and analytics. The team is dispersed globally AND COMMUNICATION
with on-the-ground presence in key geographies. Honeywell
also has a due diligence and analytics center of excellence To hold our workforce to
Keyword: bribe
Description of policies and practices for prevention of: (1) corruption and bribery, and Conduct: Avoiding Conflicts of Interest, Seeking
RT-EE-510a.1
(2) anti-competitive behavior Business Openly and Honestly, Compliance with
International Competition Laws
Integrity and Compliance; Code of Business
Conduct: One Honeywell How We Treat Our
Discussion of processes to manage business ethics risks throughout the value chain RT-CH-150a.1
Customers, One Honeywell How We Treat Our
Business Ethics Suppliers
SEC Filings: Information on legal proceedings is
Total amount of monetary losses as a result of legal proceedings associated with bribery
RT-CH-320a.1 disclosed in our Annual Report on Form 10-K and
or corruption (and/or illicit international trade)
in our Quarterly Reports on Form 10-Q
SEC Filings: Information on legal procee
Keyword: corruption
2 greenhouse gas intensity since 2004 anti-corruption program
ENVIRONMENTAL SOCIAL GOVERNANCE
100% of all eligible employees complete
6,300+ sustainability projects since 2010
Code of Business Conduct training every year
$50 MILLION PER YEAR for carbon Comprehensive integrity and compliance
neutrality projects training made available in 20+ languages
Honeywell committed to Honeywell Earthquake Relief
SAVED 165M gallons of water in water-stressed Honeywell investigates 100% of the
donating 13,000 laptops valued Fund donated over $320,000
regions through 185+ projects since 2013 allegations reported through ACCESS Integrity
at $5 MILLION for the 2023 Turkey-Syria
earthquake rescue efforts
Validated SCIENCE-BASED TARGET with Launched ‘Plant the Trees’ with Annual ON-SITE AUDITS of high-risk supp
Keyword: corruption
ANTI-CORRUPTION PROGRAM
topics with employees.
investigations, along with disciplinary and other corrective
actions taken in response to substantiated allegations.
• Mandatory company-wide training for all employees in Honeywell has a well-established, global anti-corruption
health, safety and environmental responsibility, non- program designed to detect, investigate and remediate any
discrimination, harassment, conflicts of interest, anti- issues related to potential anti-corruption and anti-bribery
corruption, cybersecurity, data privacy and trade controls. concerns using modern, digital tools and experienced, globally-
dispersed personnel located in high-risk regions to execute the
• Robust and frequent communications to engage all levels of
elements o
Keyword: corruption
languages. corruption policy. Available in over 20 languages, this policy
applies to all employees, directors, sales intermediaries,
• Essential compliance tools that offer real-time visibility into
suppliers and vendors, and prohibits offering, making or
business transactions.
Honeywell | Governance | 86HONEYWELL COMMITMENT
HOME ESG APPROACH ENVIRONMENTAL SOCIAL GOVERNANCE
OVERVIEW TO ESG
accepting a bribe; making any facilitation payments or retaining verification that a proper basis for payment has been logged
a third party when there is a reason to suspect an improper into the approval system. Honeywell also conducts continuous
payment. monitoring of suppliers through its supplier due diligence
program.
Honeywell’s anti-corruption organization is led by our
Keyword: corruption
President and General Counsel for Anti-Corruption, who
supervises a team of professionals with diverse backgrounds INTEGRITY AND ETHICS CERTIFICATION, TRAINING
in law, auditing and analytics. The team is dispersed globally AND COMMUNICATION
with on-the-ground presence in key geographies. Honeywell
also has a due diligence and analytics center of excellence To hold our workforce to Honeywell’s integrity and ethics
responsible for maintaining compliance processes, conducting standards, all officers and employees are required to complete
due diligence on customer and supplier third parties, and using annual Code of Business Conduct training, and, where
data analytics to identify indicators of risk. permitted by law, Honeywell requires all officers and employees
to annually certify their comp
Keyword: corruption
ENABLE THE ANTI-CORRUPTION PROGRAM,
part-time employees and interns. The completion status of this days of hire depending on the new employee’s role and location,
INCLUDING A HONEYWELL-UNIQUE RISK MAP
training and certification requirement is reported to the CGRC including training related to handling conflicts of interests, anti-
BASED UPON OVER 1,000 DATA ELEMENTS.
each year. Honeywell also requires individual contractors and corruption, antitrust, records management, data privacy and
subcontractors to complete Code of Conduct training as part of cybersecurity.
their onboarding process.
Honeywell uses a risk assessment to allocate resources and
Honeywell empowers and expects our people managers to
implement standard risk mitigation actions based upon the Honeywell
Keyword: corruption
anti-corruption risk profile of our business that includes training and certification process ensures that all eligible importance of conducting themselves with integrity. That
tailored in-person and online annual anti-corruption training. employees receive training on high-priority integrity and includes fostering an environment that encourages candid
Honeywell requires all payments to commissioned sales agents compliance topics on a timely and regular basis. Topics that discussion of integrity and compliance topics and how to raise
to be processed through its sales intermediary end-to-end have been addressed include workplace harassment, conflicts and report any instances of ethical misconduct. The Integrity
tool, a homegrown digital process that engage
Keyword: corruption
s in automated of interests, anti-corruption, accurate books and records, and Compliance team works with the Communications
screening for risk, enables mandatory advanced approval cybersecurity and data privacy. Department to establish an annual communications plan based
of commissioned sales agents, and blocks payments until
on misconduct violation trends, enterprise risk management
Honeywell | Governance | 87HONEYWELL COMMITMENT
HOME ESG APPROACH ENVIRONMENTAL SOCIAL GOVERNANCE
OVERVIEW TO ESG
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
Keyword: corruption
conflicts of interest, anti-corruption and the importance of where legally permissible. Our no-retaliation policy requires
accurate books and records. employees who report a compliance concern or suspected Our Human Rights Policy applies to all Honeywell workers
violation in good faith will not be subject to any disciplinary worldwide, including contingent workers, agents, and candidates
action or reduction in force without the advance approval of the for hire. Honeywell also requires suppliers to uphold human
WHISTLEBLOWER PROGRAM Law Department. Honeywell investigates and responds to all rights principles as described in Honeywell’s Supplier Code of
allegations of retaliation in any form, including but not limited Conduct. These expectations are endorsed by Honeywell’s Chief
Keyword: corruption
corruption, environmental crimes, trade risks and other Supplier On-Site Audits
We’ve established clear policies and procedures that effectively Supplier Code of Business Conduct considerations. Identified Each year, we work with a qualified third party to conduct on-
guide our team in executing our supplier diversity program. compliance risks are reviewed and vetted by subject matter site audits of certain high-risk suppliers using a standardized
These best practices are continuously reviewed and refined, experts. assessment that incorporates the requirements of our Supplier
ensuring our environment actively promotes supplier diversity, Code of Business Conduct. We prioritize high-risk suppliers
inclusion and equitable access opportunities. Ongoing
Keyword: corruption
established a robust system to maintain a transparent and and other human rights, fraud, illegal activities, corruption, wages and benefits, air emissions, protection of intellectual
reliable record of our supplier diversity spend. environmental crimes, trade risks, sanctions and other property, environmental impact, reasonable work hours and
Supplier Code of Business Conduct considerations. The human trafficking.
Furthermore, by partnering with this third-party organization
that specializes in supplier diversity tracking, we ensure small This process includes conducting thorough on-site audits that
and diverse suppliers looking to partner with our organization gather information from an on-site walkthrough, employee and
can use the support of our third-party agency to assist with management interviews, and documentation review on payroll
getting certified.
Keyword: corruption
Description of policies and practices for prevention of: (1) corruption and bribery, and Conduct: Avoiding Conflicts of Interest, Seeking
RT-EE-510a.1
(2) anti-competitive behavior Business Openly and Honestly, Compliance with
International Competition Laws
Integrity and Compliance; Code of Business
Conduct: One Honeywell How We Treat Our
Discussion of processes to manage business ethics risks throughout the value chain RT-CH-150a.1
Customers, One Honeywell How We Treat Our
Business Ethics Suppliers
SEC Filings: Information on legal proceedings is
Total amount of monetary losses as a result of legal proceedings associated with bribery
RT-CH-320a.1 disclosed in our Annual Report on Form 10-K and
or corruption (and/or illicit international trade)
in our Quarterly Reports on Form 10-Q
SEC Filings: Information on
Keyword: tax
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 Conduct and values.
Honeywell issued a publicly available report that describes
• Details regarding Honeywell’s exclusively employee-funded
Honeywell’s climate-related lobbying activities and assesses In 2020, the company established an Advisory Board of leaders
political action committee, the Honeywell International
alignment of these trade associations’ climate-related public representing a cross-section of Honeywell who meet regularly to
Political Action Committee (HIP
Keyword: tax
associations and other tax-exempt organizations, are the Board decisions in his annual report to the CGRC.
responsibility of the Board’s Corporate Governance and
Responsibility Committee (CGRC), which consists entirely of
Honeywell | Governance | 102HONEYWELL COMMITMENT
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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 t
Keyword: governance
2023 Environmental, Social and Governance ReportFORWARD-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 historical
fact, 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
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difficult environmental, social and governance (ESG) In 2022, we executed 240 projects that will address Honeywell is committed to doing business the
challenges stem from our team’s strong foundation nearly 20% of our 2021 carbon footprint. We know right way, guided by our Code of Business Conduct.
as an industrial technology innovator and leader. that sustainability starts with us, and we’re dedicated Integrity and ethics are the cornerstones of how
But it’s not just about what we’ve done with our to leading the way to carbon neutral. we operate our company. We have high standards,
innovation. It’s about what we are doing now and and we’re proud of our Futureshapers who uphold
what we will do next. A BETTER FUTURE FOR OUR PEOPLE them in every decision, every day. We will never
Our lea
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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 Hone
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HONEYWELL OVERVIEW 6 SOCIAL 54 GOVERNANCE 81
OUR FUTURESHAPERS 55 INTEGRITY AND COMPLIANCE 83
ESG APPROACH 10
ATTRACTING THE BEST TALENT 56 FEATURE STORY: INTEGRITY AND 84
COMPLIANCE THERE ARE NO
COMMITMENT TO ESG 12 DEVELOPING SKILLS AND 57 SHORTCUTS
GROWING CAREERS
DATA PROTECTION AND CYBERSECURITY 89
ENVIRONMENTAL 25 ENGAGING OUR FUTURESHAPERS 59
BOARD OF DIRECTORS 93
HONEYWELL ENVIRONMENTAL 26 INCLUSION AND DIVERSITY: 61
SUSTAINABILITY INDEX EXPANDS A FOUNDATIONAL PRINCIPLE MAINTAINING EXPERTISE IN SUPPLY 95
SUSTAINABILITY LEADERSHIP CHAIN MANAGEMENT
FEATURE STORY: SANDRA BARBOSA, 62
HEALTH, SAFETY AND THE 27 CHIEF INCLUSION & DIVERSITY OFFICER A FIRM FOUNDATION OF PRODUCT 99
ENVIRONMENT AT HONEYWELL SAFETY AND INTEGRITY
GOING THE DISTANCE WITH 32 I&D IN ACTION 64 CHARTING A P
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HONEYWELL
NASDAQ: HON | ~717 locations | ~97,000 employees
OVERVIEW
Charlotte, NC headquarters | Fortune 500 | 2022 Revenue: ~$35 B
SHAPING THE FUTURE ACROSS INDUSTRIES
AEROSPACE HONEYWELL BUILDING PERFORMANCE MATERIALS & SAFETY & PRODUCTIVITY SOLUTIONS
TECHNOLOGIES TECHNOLOGIES
Our products are used on virtually every We develop and deploy an innovative
commercial and defense aircraft platform Commercial building owners and We provide performance chemicals and range of solutions, software and services
worldwide and include aircraft propulsion, operators use our hardware, software and materials, process technologies and that help keep people healthy, workers and
cockpit systems, satellite communications analytics to help cr
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HONEYWELL BEHAVIORS
AND FOUNDATIONAL PRINCIPLES
Drive Accountability Culture Be Courageous Build Exceptional Talent Win Together Innovate and Create Value for Embrace Transformation
Customers
Have fearless accountability for Take bold action on what you believe Recruit, retain, and develop high Think ONE Honeywell by Learn from and contribute to our
getting results. Take ownership and is right. Take on seemingly impossible quality talent. Create a positive, collaborating across businesses, See the world through the customer’s collective knowledge. Embrace
solve problems proactively. Care goals and work out of your comfort inclusive environment where people geographies and functions as we are eyes, internally and externally.
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FOUR BUSINESS MODELS GLOBAL DESIGN MODELS
Roles + Connection Connection
Projects MOS + Policy
Responsibilities to Digital to People
STRATEGY
Products/ Maturity/
Corporate, SBG, Function Processes Metrics/KPIs
Channel Sustainment
After-market
FUNCTIONAL PROCESSES
Services
BUSINESS PROCESSES
Customer Commercial Integrated
Innovation
Software
Creating Value for our Customer
Experience Processes Business
Planning
Talent
Supply Chain Quote-to-Cash
Management
FUNCTIONAL PROCESSES
Providing Consistent +
Predictable Outcomes
LEARNING + DEVELOPMENT
Training the Futureshaper TeamHONEYWELL COMMITMENT
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RECOGNIZED FOR SHAPING A BETTER FUTURE
CORPORATE AWARDS 2022
Top 100 A
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Labor Practices &
OUR ESG
Human Rights
APPROACH
Occupational Risk Management
Health & Safety
At Honeywell, we are innovating to solve the world’s toughest
ESG challenges. From our industrial roots, to becoming the
premier software industrial, to leading in the energy transition,
Honeywell’s ability to achieve ambitious, transformative
objectives is rooted in our strong ESG practices.
Decarbonization & Data Privacy &
ESG PRIORITIES ASSESSMENT Climate Strategy CO Cybersecurity
2
At Honeywell, we are committed to continuous evaluation and
evolution of our ESG strategy, including identifying the ESG
HONEYWELL
areas that are most important to our business. In 2023, we
ESG PRIORITY
used a third party to conduct a comprehensive ES
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HONEYWELL
>60% OF 2022 SALES ~60% OF 2022 NEW PRODUCT
ESG HIGHLIGHTS
were from offerings that contribute to
RESEARCH AND DEVELOPMENT
ESG-oriented outcomes1
INVESTMENT
2022-2023 SNAPSHOT
was directed toward ESG-oriented outcomes1
Recognized as a “BEST PLACE Offered 80+ jobs/internships
TO WORK FOR DISABILITY to students through National
INCLUSION” by Disability:IN Society of Black Engineers
Committed to achieving CARBON NEUTRALITY by 2035 33% of Board committees are chaired by a woman
Distributed over $7.7 19,000 promotions, lateral
26 Honeywell locations globally certified for MILLION in relief assistance moves, and progressions 45% of the Board of Directors are ethnically
energy management efficiency with ISO 50001 to empl
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ENVIRONMENTAL SOCIAL GOVERNANCE
100% of all eligible employees complete
6,300+ sustainability projects since 2010
Code of Business Conduct training every year
$50 MILLION PER YEAR for carbon Comprehensive integrity and compliance
neutrality projects training made available in 20+ languages
Honeywell committed to Honeywell Earthquake Relief
SAVED 165M gallons of water in water-stressed Honeywell investigates 100% of the
donating 13,000 laptops valued Fund donated over $320,000
regions through 185+ projects since 2013 allegations reported through ACCESS Integrity
at $5 MILLION for the 2023 Turkey-Syria
earthquake rescue efforts
Validated SCIENCE-BASED TARGET with Launched ‘Plant the Trees’ with Annual ON-SITE AUDITS of high-risk suppliers to ensure
Science Based Targets in
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OUR COMMITMENT
TO ESG
Real-time Measurement Cybersecurity
Emission Monitoring High GWP Emissions Monitoring and Remediation
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
Flight Management System
ESG-ORIENTED
SOLUTIONS
Healthy Building Solutions
Energy Storage System and Controls
Safety Assurance
Personal Protection
Electric Vehicles Sensors
Warehouse Automation
Command and Control
Electrification in Aero
Methodology for identifying ESG-oriented solutions Low Global Warming Potential Molecules C
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HONEYWELL DELIVERS SOLUTIONS FOR saving efficiencies in data collection and increases workforce
PATHWAYS FOR EMISSIONS REDUCTIONS safety.
Measurement and Reporting
Honeywell also provides industrial organizations with intelligent
Finding ways to reduce their environmental footprint and hyperspectral gas imaging systems that detect gas leaks and
prepare for a carbon-neutral future is at or near the top of every quickly provide information about the size, shape and direction
industrial company’s to-do list. But choosing the most effective of the gas plume. These systems include Honeywell Rebellion
approach is nearly impossible without an end-to-end emission gas cloud imaging (GCI) cameras, which capture infrared and
managemen
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MONITOR AND REPORT help organizations prioritize corrective actions that improve
MEET ESG FUTURESHAPER: ROBBY KESTER Honeywell Forge Sustainability+ for Industrials | Emissions site productivity and profitability, while reducing maintenance
Management is a SaaS offering designed to provide companies costs. The Emissions 360 services program can also help with
with operational insight for Scope 1 and 2 emissions. compliance reporting and support leak management.
“Honeywell Forge Sustainability+ for Industrials | Emissions Honeywell’s UniSim Design Suite gives companies the ability
Management presents a scalable solution to help our to create digital twins to test the effect of process changes
customers meet important complia
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HONEYWELL HELPS DEFINE PATHWAYS hydrofluorocarbons (HFCs), which are being phased out
TO NET ZERO because they have very high global warming potential (GWP). In
fact, HFOs typically have GWPs that are more than 99% lower
Net-Zero Enablers
than the equivalent HFCs.
Honeywell can deliver solutions to help drive the energy
transition and decarbonization. We have unique expertise in RENEWABLE FUELS HELP DRIVE EFFORTS TO REACH
essential technologies needed to help on the journey to create TO NET ZERO
a net-zero economy, including refrigerants, renewable diesel Producing high-performance, low-emissions renewable diesel
and aviation fuels, hydrogen production, and carbon capture, and sustainable aviation fuel (SAF) is nothing new
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HONEYWELL SUPPORTS EVOLUTION OF “Honeywell UOP’s catalyst-coated membranes have been plants. The captured carbon dioxide can be injected and stored
HYDROGEN ECONOMY tested by leading electrolyzer manufacturers and confirmed to underground, or it can be repurposed to produce eMethanol.
Honeywell UOP has more than 50 years of experience demonstrate 30% higher hydrogen production per unit area
developing innovative hydrogen production and conversion, than currently commercially available CCMs3” says Maya Carbon capture solutions from Honeywell UOP can help reduce
transmission and storage, and distribution and use Gomez, Senior Business Leader, Green Hydrogen CCM. In GHG emissions from hard-to-abate industries that struggle
tec
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HONEYWELL SETS THE PACE FOR A MORE (mVCS) to cool heat-generating components. The Micro VCS
ELECTRIC FUTURE is installed on the new fixed-wing Eviation Alice electric aircraft,
due for launch in 2027, and has been selected for Archer
Electrification
Aviation’s Midnight electric vertical takeoff and landing (eVTOL)
aircraft.
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 vital
role in this energy transition with ready-now solutions for more-
electric aircraft, electric vehicles and advanced energy storage
MEET ESG FUTURESHAPER: PRUDENCE HOFFMAN
systems.
For example, Honeywell is working
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HONEYWELL SENSORS AND SWITCHES DRIVE EV LEARN MORE ABOUT ELECTRIC VEHICLES: We recently introduced Honeywell IonicTM to our leading
CAPABILITIES portfolio of energy storage solutions. It’s a compact, end-to-end
The world’s roadways are also becoming more electric as modular battery energy storage system (BESS), which uses
factors like environmental consciousness, higher fuel prices, lithium-ion battery cells, and features a flexible design that will
government incentives and battery and charging infrastructure help meeting users’ energy storage needs for many years to
improvements drive up demand for electric vehicles. The come.
International Energy Agency projects electric cars could
account for 18% of total 2023 car sales
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HONEYWELL HELPS DELIVER HEALTHIER provides easy-to-access performance indicators so users can
AND MORE SUSTAINABLE BUILDINGS understand the status of facilities, view occupant comfort levels,
identify poor performing assets and quickly uncover potential
Energy Efficiency; Health, Safety and Security
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 MEET ESG FUTURESHAPER: NIKKI MEHTA
consumption and 26% of energy related emissions, according
to the International Energy Agency.1
Honeywell’s suite of solutions help building owners
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Honeywell Forge Sustainability+ for Buildings | Carbon and
Energy Management is designed to help building owners and
operators to monitor, control and optimize building operations
while visualizing Scope 1 and Scope 2 emissions.
The Carbon and Energy Management was designed with
building occupants in mind. It uses sensor data and machine
learning algorithms to continuously monitor and adjust
buildings controls at a zone level. The solution connects to
a building management system (BMS) and can work across
different 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 dete
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HONEYWELL SETS COURSE FOR A CLEANER Honeywell also introduced a ready-now methanol to jet (MTJ)
FUTURE FOR AVIATION fuel-processing technology to convert eMethanol to eSAF
reliably and at scale.
Net-Zero Enablers; Energy Efficiency;
Electrification
The MTJ eFining™ process uses carbon dioxide (CO ) recovered
2
from industrial processes and produces SAF that will reduce
Honeywell is a leader in the global crusade to decarbonize air
GHG emissions by as much as 88%3 compared to conventional
transportation. Ready-now and emerging Honeywell solutions
jet fuel.
show promise for an industry whose environmental impact is
likely to triple by 20501 unless it immediately changes course.
“Creating technologies that use new feedstocks i
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MEET ESG FUTURESHAPER: CAVENE VANHORNE
ROBINSON
Cavene is powering down harmful radiation in the
aviation industry. A creative person at heart, Cavene grew
up in Jamaica and used to make toys out of scraps and
paper, and little else. This resourceful creativity led her
the number of people on board, the aircraft’s gross weight, Efficiency. “We’ve driven the evolution from reporting software
to what she does today for Honeywell: redesigning and
the amount of fuel it is carrying and flying conditions like wind that describes what happened, to predictive software that
removing radioactive materials from aircraft. Just this
speed and air temperature. anticipates what may happen, to prescriptive software that tells
year, she and