2023-05-04 14:02:07
Cork, Irland (ots/PRNewswire) – Johnson Controls (NYSE: JCI), a global leader in smart, healthy and sustainable buildings, has released its 2023 Sustainability Report, marking milestones on the journey to achieving net-zero emissions in buildings around the world. Johnson Controls reports accelerated progress both on its own sustainability journey and in reducing customer emissions.
- CEO and CSO highlight 7-year countdown to reduce construction sector’s nearly 40% of global emissions
- The company is ahead of schedule on its path to net zero, having already reduced its absolute emissions by 42% since 2017
- Innovative technologies have reduced emissions from Johnson Controls customers by 14% since 2017
- Regularly ranked as a global leader in sustainability, ethics, social impact and employee experience
“Climate change is one of the most important issues of this century. We have seven years to almost halve global emissions, reach net-zero emissions by 2050 and limit global warming to 1.5 degrees Celsius. Da almost 40% of these emissions come from buildings, world leaders agree that unless buildings are decarbonized, there will be no net-zero emissions,” said George Oliver, chairman and CEO of Johnson Controls. “The good news is that we have the technology, funding, partnerships and people to transform buildings from one of the biggest challenges into one of the biggest and fastest enablers to net zero.”
A 2022 emissions report by the International Energy Agency (IEA) found that improvements in buildings accounted for 86% of emissions reductions in Europe last year. Heat pumps played an important role with a 38% increase in sales. According to the IEA, emissions worldwide have been limited to an increase of less than 1%, which is well below forecasts. This is largely due to unprecedented growth in energy efficient appliances, heat pumps, renewable energy and electric vehicles.
Johnson Controls is developing and implementing technology – the smart building triangle of energy-efficient equipment, clean electrification and systemic digitalization – to accelerate its own net-zero journey. The company has already reduced absolute scope 1 and scope 2 emissions by 42%, or more than 455,000 tonnes, and is on track to meet its 55% SBTi target for 2030. 3 customer emissions by 16%, the company is already up 14%, or more than 18 million tonnes, towards its 2030 SBTi target.
“To pave the way to a net-zero future, we have set ourselves ambitious sustainability goals,” said Katie McGinty, vice president and chief sustainability and external relations officer at Johnson Controls. “The numbers show that our smart building technologies and our as-a-service financing and partnership models are having a tremendous impact on reducing energy, emissions and costs in our own operations and at our customers. We can accelerate progress on climate protection and at the same time driving our business goals forward – just in time for the action the planet needs now!”
Driving climatic progress is an important factor in the growth and vitality of the company. Johnson Controls continues to innovate and will invest 90% of R&D funds in new, sustainability-related technologies in fiscal 2022. The company also looks at emissions from steel it processes itself. More than 70% of the steel Johnson Controls purchases in the US and 45% worldwide comes from recycled scrap. (Recycled steel has up to 80% less bound carbon than primary steel).
Additionally, the company has taken a step towards mobilizing finance and addressing the capital constraints faced by so many companies today with the introduction of “Net Zero as-a-Service”. This partnership model meets customers’ key performance goals – from energy, emissions and cost reductions to healthy, smart workplaces – with no upfront costs. “Net Zero as-a-Service” redefines risk by guaranteeing energy savings and paying for project costs from the savings. Since January 2000, Johnson Controls’ innovative financing structures have helped partners and customers avoid over 37 million tons of emissions and will save partners over $7.8 billion in energy and operational costs over the life of the project.
For the past 16 years, Johnson Controls has been recognized as one of the most ethical companies in the world for its ESG work with customers and in its own operations. The company has a platinum rating from EcoVadis, a top ESG rating from Sustainalytics and has been recognized as a climate leader by CDP, Corporate Knights and the Financial Times. The company received an AAA rating from MSCI and was included in the Clean200 list for its high proportion of sustainable revenues. Johnson Controls has been named one of 3BL’s 100 Best Corporate Citizens for the 17th time and has been named to Fortune’s Change the World list.
Johnson Controls attributes its global sustainability leadership to a team of 100,000, ranging from senior management to service and manufacturing facilities. The remuneration of the Management Board is linked to performance targets in the areas of sustainability and diversity. In 2022, employees volunteered over 45,800 hours, 86% of which supported the UN Sustainable Development Goals. The company offers a wide range of scholarship, apprenticeship and internship programs, thereby investing in the development of diverse and sustainable leaders.
The full 2023 Sustainability Report is available at: https://www.johnsoncontrols.com/2023Sustainability
INVESTOR CONTACT: MEDIA CONTACT:
Jim Lucas Olivia Coker-Decker
Direct: +1 651 391 3182 Direct: +41 79 672 10 53
E-Mail: jim.lucas@jci.com E-Mail: olivia.cokerdecker@jci.com
About Johnson Controls:
At Johnson Controls (NYSE: JCI), we shape the environments in which people live, work, learn and relax. As the global leader in smart, healthy and sustainable buildings, our mission is to improve building performance for the benefit of people, places and the planet.
We have stood for innovation for almost 140 years. Our comprehensive digital OpenBlue portfolio offers solutions of the future for healthcare, schools & universities, data centers, airports, industrial manufacturing and other industries.
With a global team of 100,000 professionals in more than 150 countries, Johnson Controls offers the world’s largest portfolio of building control, software and service solutions with some of the most trusted brands in the industry.
For more information visit www.johnsoncontrols.de and follow us at @johnsoncontrols on social platforms.
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