With nearly half of our revenue linked to energy efficiency, Honeywell is leading the charge in energy efficiency and clean energy generation.
Honeywell is developing solutions that blend physical assets and software to build a smarter, safer and more sustainable world. With nearly half of Honeywell’s revenue linked to energy efficiency, the company is well positioned to address the world’s energy challenges.
We have created the home of the future with a new family of innovative connected home products. Our Lyric thermostat allows homeowners to control their thermostats from anywhere in the world. Our Smart Building Score evaluates a building’s use of 15 technology assets that make a building greener, safer and more productive.
Honeywell has been producing turbochargers since the 1950s. Manufacturers are downsizing engines such as going from six cylinders to four cylinders and adding turbocharging to reap the fuel economy and emissions benefits of lighter weight, smaller engines without sacrificing performance. The company predicts that by 2021, 48 percent of all new vehicles and 70 percent of mild hybrids will have a turbocharger or multiple turbo systems.
Offering significant advantages over petroleum jet fuel, Honeywell Green Jet FuelTM can reduce greenhouse gas emissions by 65 to 85 percent, based on Honeywell’s lifecycle analysis. Honeywell also pioneered Solstice®, environmentally preferable materials used in refrigerants and building materials based on our hydrofluoroolefin technology. We estimate that the use of Solstice materials will eliminate more than 475 million metric tons of carbon dioxide equivalents by 2025. That’s like removing 100 million cars from the road.
In aviation, our GoDirect Fuel Efficiency software can help airlines decrease fuel consumption and cost, saving operators up to 5 percent annually on fuel cost. Our IntuVue weather radar provides flight crews a complete view of weather from 0 to 60,000 feet across a 320-nautical-mile detection range, and with advanced hazard detection, pilots can now anticipate hail and lightning storms out to 60 nautical miles. This enables efficient route planning, improved fuel efficiency and increased passenger safety.
To date, Honeywell is nearly 40 percent more energy efficient and more than 65 percent more greenhouse gas efficient than we were 13 years ago. Our goal is to reduce our global greenhouse gas emissions by an additional 10 percent per dollar of revenue from our 2013 levels by 2019.
Honeywell also maintains a global inventory of our water usage and continually looks for conservation opportunities while strategically targeting water conservation projects in areas that are experiencing “water stress” as defined by the World Resources Institute. The company has conserved 95 million gallons of water in these water-stressed areas since 2012.
Honeywell also has created a revolutionary approach to social responsibility through Honeywell Hometown Solutions (HHS), the company’s corporate citizenship initiative. Since its formation in 2005, HHS has become one of the most recognized corporate social responsibility organizations in the world, receiving 116 awards for its programs that help to create life-changing opportunities for teachers, students and communities worldwide.
Honeywell believes that good business, economic growth and social responsibility can — and must — go hand in hand. This principle is what guides Honeywell’s innovations that are making our world smarter, safer and more sustainable.