In 2024, Honeywell International completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Honeywell International has also provided a category-level breakdown for 13 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 750,530a | 711,239a | 1,059,105b | |
Total Scope 2 | ||||
Market-Based | 743,471a | 709,714a | N/A | |
Location-Based | 666,603a | 662,573a | 697,091b | |
Total Scope 3 | 235,548,665a | 12,909,001a | 18,201,290b | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 19.4953a | 19.3999a | 29.8625b |
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In 2024, the total operational greenhouse gas (GHG) emissions of Honeywell International amounted to 1,417,133 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Honeywell International increased by 3.15%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of Honeywell International were 750,530 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Honeywell International's Scope 1 emissions have decreased by 45.8%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), Honeywell International's Scope 1 emissions increased by 5.52%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, Honeywell International reported Scope 2 greenhouse gas (GHG) emissions of 743,471 tCO₂e using the market-based method and 666,603 tCO₂e using the location-based method.a
Since 2019, Honeywell International's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 29.98%, reflecting a declining long-term trend in Scope 2 emissions over time.ab
Compared to the previous year (2023), Honeywell International's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Honeywell International's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Honeywell International reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Honeywell International reported 235,548,665 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Honeywell International includes a breakdown across 12 of the 15 Scope 3 categories defined by the GHG Protocol, up from 9 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
In 2024, Honeywell International reported total Scope 3 emissions of 235,548,665 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 4.46% of these emissions originated from upstream activities such as purchased goods and capital goods, while 95.54% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2019, Honeywell International's Scope 3 emissions have decreased by 39.93%, reflecting a declining long-term trend in Scope 3 emissions over time.a
Compared to the previous year (2023), Honeywell International's Scope 3 emissions increased by 1,724.69%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2024, Honeywell International reported emissions for 12 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This reflects a high level of granularity and transparency in the company's emissions reporting.
In 2024, the largest contributors to Honeywell International's Scope 3 emissions were:a
In 2024, Honeywell International reported Scope 1 greenhouse gas (GHG) emissions of 750,530 tCO₂e and total revenues of USD 38,498 millions. This translates into an emissions intensity of 19.5 tCO₂e per millions USD.a
In 2024, Honeywell International reported a Scope 1 emissions intensity of 19.5 tCO₂e per millions USD. Compared to the peer group median of 47.9, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Honeywell International ranked 8 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Honeywell International is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Honeywell International reported a total carbon footprint of 236,965,798 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 1,559.1% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Honeywell International's total carbon footprint was Scope 3 emissions, accounting for 99.4% of the company's total carbon footprint, followed by Scope 1 emissions at 0.32%.a