Prioritizing ESG for Rapid Sales Growth

Image: Honeywell's Solstice®

​Corporate Challenge:  Making exponential positive impacts on the environment.

Ironbound Strategy:  Creating value for the environment can help customers with their societal objectives, and galvanize employees for all brands involved.

Ironbound Action:  Indiana based Honeywell has 2035 carbon-neutral goals, has already reduced their carbon output by 90% compared to 20 years ago, and is focusing 60% of their R&D budget on making products to help their customers reach their carbon-neutral goals.  One such product is the Solstice® refrigerant.  Half of all building related carbon emissions come from heating & cooling.  Prioritizing R&D for planet friendly products improve company sales goals, customer’s societal goals, and galvanizes employees across all companies involved.

​* Honeywell’s Performance Materials and Technologies segment has been steadily climbing from $9.4B in 2020, to $10.0B in 2021, to $10.7B in 2022 - and expected to rise in 2023 with Solstice®
 
** Between 2020 and 2020, Honeywell’s earnings-per-share has increased from $6.79 to $7.33.