Honeywell International
CEF Lead Executives
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Dr. GAVIN TOWLER
Corporate Chief Scientist, Sustainability Technologies & Chief Sustainability Officer
Gavin has 30 years of broad experience of process and product design in the chemicals and fuels industries and has 77 US patents. He is co-author of “Chemical Engineering Design”, a textbook on process design, and is an Adjunct Professor at Northwestern University and the National University of Singapore, where he helps teach the senior design classes. Gavin has a B.A. and M.Eng. in chemical engineering from Cambridge University and a Ph.D. from U.C. Berkeley. He is a Chartered Engineer and Fellow of the Institute of Chemical Engineers, a Fellow of the AIChE and a member of the United States National Academy of Engineering.
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CATHY GALLAGHER
Senior Director, Sustainability & Product Stewardship
Cathy leads enterprise-level environmental reporting across Honeywell, an integrated operating company that concentrates on three major trends – automation, future of aviation and energy transition. She applies strategies, processes, and systems to support sustainability using Honeywell Accelerator, the Company’s operating system for standardization and continuous improvement. Since 2010, she has established six public greenhouse gas goals, overseen the completion of over 6500 sustainability projects and set up a sustainability center of excellence to meet current and emerging requirements. She also leads Honeywell’s conflict minerals program and has governance over product stewardship, ensuring compliance through a comprehensive management system based on industry standards. Her current efforts are focused on building systems and controls to comply with upcoming reporting requirements, such as EU CSRD, EU Taxonomy and US SEC climate-related rules.
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SU PING LU
VP and Corporate Secretary
Su Ping is responsible for the Law Department’s SEC compliance, securities offering, corporate governance, M&A, venture capital, ESG, ethics, political law, cybersecurity, and international counseling activities. She previously served as VP and General Counsel for Honeywell Aerospace’s Integrated Supply Chain and prior to that, served in Shanghai as VP and General Counsel for Honeywell Aerospace, APAC. Prior to joining Honeywell, Su Ping practiced corporate and securities law at Wilson Sonsini Goodrich & Rosati PC and Shearman & Sterling LLP in Silicon Valley and Shanghai. At both firms, she represented technology companies in connection with governance, securities law, initial public offering, M&A, venture financing, corporate structuring, and general corporate matters. Su Ping graduated from Stanford University, where she was Phi Beta Kappa, with a bachelor’s degree in International Relations and Economics, received her J.D. from Columbia University School of Law, where she was a Harlan Fiske Stone Scholar, and is admitted to practice law in California. She is Six Sigma Green Belt certified.
Latest Sustainability Report
(October 2024)
Highlights
- Over 60% of 2023 sales were from offerings that contribute to sustainability-oriented outcomes.
- Reduced Scope 1 and 2 greenhouse gas intensity over 90% since 2004.
- Since 2010, has implemented 6,500 sustainability-oriented projects at its facilities, resulting in over $100 million in annualized savings.
- 60% of 2023 new product Research & Development investment was directed toward sustainability-oriented outcomes.
- Achieved ISO 50001 Energy Management Standard at 28 locations (up from 26 in 2023).
- Saved 170 million gallons of water in water-stressed regions through 195+ projects since 2013.
- 42% of the Board of Directors are ethnically or racially diverse and 33% are women.
- Rated a CPA-Zicklin Trendsetter by the Center for Political Accountability.
Recent News
2024
Launched INNCOM Direct, a new energy management tool to help mid-market hotels reduce energy consumption and carbon emissions by automatically adjusting heating and cooling of vacant rooms. The tool, previously only accessible to high-end hotels, detects empty spaces and adjusts temperatures accordingly. (Aug 2024)
2023
Announced plans to realign its business segments to three “compelling megatrends:” automation, the future of aviation, and the energy transition. The updated reporting structure will include four segments: Aerospace Technologies, Industrial Automation, Building Automation, and Energy and Sustainability Solutions.
Together with Granbio Technologies, announced they will combine their two technologies to produce a carbon neutral sustainable aviation fuel (SAF). The process will convert biomass residues into ethanol at GranBio’s forthcoming U.S. demonstration plant, which will then be converted to SAF using Honeywell’s ethanol to jet (ETJ) technology.
Airports of Tomorrow — This initiative, launched by World Economic Forum with Airports Council International, aims to overhaul global airports to enable net-zero aviation. It brings together more than 50 CEOs from “the aviation ecosystem” to mobilize capital needed to transform airports into clean energy hubs, electrify airport operations, and scale up at least 300 Sustainable Aviation Fuel plants by 2030. CEF members include Bank of America, Boeing, Honeywell, and McKinsey & Co. (July 2023)
Honeywell developed a new technology to convert captured CO2 and green hydrogen into a lower-carbon aviation fuel that can be used in existing aircraft. The technology, called UOP eFining, combines green hydrogen with CO2 captured from industrial plants, to create lower-carbon methanol, which is turned into sustainable aviation fuels (SAF). Honeywell says the new technology can reduce greenhouse gas (GHG) emissions by 88% compared to conventional jet fuel. The technology will be used by HIF Global to make around 11,000 barrels per day of SAF by 2030 from 2 million tons of captured CO2. (May 2023)
The United Airlines Ventures Sustainable Flights Fund — United Airlines, along with five corporate partners, launched this first-of-its-kind investment vehicle to support start-ups focused on accelerating the research, production, and technologies associated with Sustainable Aviation Fuel (SAF). The fund starts with more than $100 million in investments from United and its inaugural partners: Air Canada and CEF Members Boeing, GE Aerospace (GE), JPMorgan Chase, and Honeywell. Customers can also donate to the fund when buying a ticket (with the first 10,000 receiving 500 United Miles). (Feb 2023)
Nearly 98% of organizations have been at least somewhat or extremely successful in achieving one or more sustainability goals over the past 12 months, according to Honeywell’s 1Q 2023 Environmental Sustainability Index, which surveys 753 business leaders quarterly. Other highlights include (Feb 2023):
- 71% of companies see sustainability goals as one of their top five priorities;
- 74% are optimistic about achieving both their upcoming 12-month goals and 2030 goals on emissions reduction, up from 66% and 63% respectively in the prior quarter’s survey;
- 88% of companies expect to increase investments for energy efficiency and 85% for emissions reduction in the coming 12 months;
- Economic concerns and their impacts are now cited as the top anticipated barrier to successfully achieving their sustainability goals over the next year.
2022
RUBICON CARBON — Launched as a new carbon credit platform to scale and provide easier access to high-integrity emissions reduction solutions by vetting projects and their credits. Rubicon received an initial capital commitment of $300 million from CEF member TPG, with a total capital commitment target of $1 billion. As part of its launch, Rubicon also formed a coalition of corporate sustainability leaders to help guide its platform and product development, including CEF members Bank of America, Dow, GE, Honeywell, J.P. Morgan, JetBlue, McKinsey & Co., and TD Bank. (Dec 2022)
Corporate Coalition for Innovation & Technology toward Net Zero (CCITNZ) — Made up of six global companies, this cross-sector business alliance is partnering with governments, international organizations, and others in industry to help countries meet decarbonization and climate change goals. CCITNZ intends to serve as an accelerator for industries across sectors, with the objectives of promoting cost-effective technology solutions; supporting sound public policies; promoting partnerships; and providing expertise and thought leadership. CEF members involved include: GE, GM, and Honeywell. (Nov 2022)
Honeywell launched a new Environmental Sustainability Index, the first quarterly indicator of key trends pertaining to global efforts in climate change mitigation and other sustainability initiatives across sectors and regions. In its first quarterly survey report, Honeywell found that over 90% of 653 business leaders surveyed were optimistic about overall success with prior twelve-month goals across the four sustainability categories of energy evolution and efficiency, emissions reduction, pollution prevention and circularity/recycling. 97% of organizations plan to increase current year budgets in at least one of these sustainability categories and nearly 75% plan to increase budgets in all four categories. 73% stated that Energy Evolution and Efficiency is their top sustainability priority. (Oct 2022)
Announced a new processing technology that allows producers to convert corn-based, cellulosic, or sugar-based ethanol into sustainable aviation fuel (SAF), reducing greenhouse gas emissions by up to 80% on a total lifecycle basis depending on the feedstock used. Plants using this technology can be modularized off site, lowering costs and installation time. (Oct 2022)
Over 90 total companies, municipalities, states, and other organizations have joined the Department of Energy’s (DOE) Better Climate Challenge, committing to reducing portfolio-wide Scope 1 and 2 GHG emissions by at least 50% within 10 years. Signatories will collaborate to identify pathways for improvement, and the DOE will provide technical assistance and convene peer-to-peer solution exchanges. CEF members GE, Honeywell, International Paper, Siemens, and Trane Technologies are among the signatories. (March 2022)
HONEYWELL / TOTALENERGIES — Signed a strategic agreement to accelerate the development of advanced plastic recycling. Honeywell will supply recycled polymer feedstock (RPF) created at its UpCycle plant (projected to start up in 2023) using its UpCycle Process Technology, and TotalEnergies will purchase and convert the RPF into virgin-quality polymers for its European-based production units. (Feb 2022)
2021
Honeywell unveiled a new UpCycle Process Technology that can convert plastic waste into a feedstock used to make recycled plastics. The process results in 77% less CO2e emissions than conventional methods of plastic-waste management and expands the types of plastic that can be recycled. Honeywell will form a joint venture with
Sacyr to develop and operate a facility in Spain that can convert 30,000 metric tons of plastic waste into feedstock annually. (Nov 2021)
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60 COMPANIES’ 2030 SUSTAINABLE AVIATION FUEL (SAF) TARGET —
60 companies in the WEF’s
Clean Skies for Tomorrow Coalition, which aims to accelerate global deployment of SAF, committed to “accelerating the supply and use of SAF technologies to reach 10% of global jet aviation fuel supply by 2030.” Signatories of the
2030 Ambition Statement
include CEF members
Bank of America, Boeing, Honeywell,
and
McKinsey & Co. (Oct 2021)
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Honeywell
and
Wood are set to launch a new technology to help companies get closer to producing carbon-neutral sustainable aviation fuel (SAF), wherein Wood will combine its
hydrogen plant technology with
Honeywell’s UOP
Ecofining™ process and
carbon capture and storage.
The companies say this combination of technologies effectively reduces lifecycle GHG emissions by 100% when using certain feedstocks. (Sept 2021)
MORE »
MORE 2 »
“Call to Action for Shipping Decarbonization” —
Over
150 stakeholders across the global maritime value chain
sent a
call to action urging governments to commit to decarbonizing international shipping by 2050, deploying
commercially viable zero-emissions vessels by 2030, and delivering
policies that make net-zero shipping emissions “the default choice” by 2030. The 150 stakeholders (which include CEF member
Dow) were convened by the
Getting to Zero Coalition (which includes CEF members
Chevron Shipping, Honeywell,
and Unilever). (Sept 2021)
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HONEYWELL / UNITED AIRLINES —
Announced a
new multi-million-dollar investment in cleantech company Alder Fuels for what they say is the largest ever sustainable aviation fuel (SAF) agreement. They aim to
produce a carbon-negative SAF that is a 100% replacement for petroleum fuel by coupling Honeywell’s
Ecofining™
process with Alder Fuels’ SAF technologies.
United Airlines committed to purchasing 1.5 billion gallons of the new SAF over 20 years—1.5 times the size of all airlines’ publicly announced commitments combined. (Sept 2021)
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A coalition of over 160 companies, labor unions, environmental and conservation groups, and national, state, and local organizations sent a letter to congressional leaders calling for the infrastructure bills moving through Congress to bolster carbon capture and storage (CCS) policies. Policy priorities in the letter include changes to tax credits for CCS projects as well as financing for commercial-scale pilot projects and carbon-storage pipelines and facilities. Coalition members include CEF members
Archer-Daniels-Midland, GE Gas Power, Honeywell, and
Waste Management.
(Aug 2021)
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TPG —
Announced a
first close of $5.4 billion for the TPG Rise Climate Fund, the largest climate-focused fund in the world. Over
20 global companies—including CEF members
3M, ADM,
Alphabet, Apple,
Bank of America, Boeing, Dow, GE, General Motors, Honeywell,
and
TD Bank Group—participated in the close and will form a
Rise Climate Coalition. The fund will take a broad sector approach, focusing on growth equity to value-added infrastructure to
driving solutions for 5 climate sub-sectors. (Aug 2021)
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Announced it has reduced GHG intensity of its operations and facilities by over 90% since 2004. (April 2021)
Committed to becoming carbon neutral in its operations and facilities by 2035 through a combination of further investment in energy savings projects, conversion to renewable energy sources, completion of capital improvement projects at its sites and in its company vehicle fleet, and utilization of credible carbon credits. (April 2021)
Ethisphere released its 2021 list of the World’s Most Ethical Companies. CEF members recognized include (March 2021):
- 3M
- ADM
- Aptiv
- CBRE
- Dell Technologies
- Ecolab
- General Motors
- HanesBrands
- Hewlett Packard Enterprise
- Honeywell
- HP
- International Paper
- Kaiser Permanente
- Kimberly-Clark
- Mastercard
- Microsoft
- PepsiCo
- VF Corporation
- Visa
- Waste Management
2020
Included on Ethisphere 2020 list of the World’s Most Ethical Companies. (March 2020)