HONEYWELL EXPANDS CAPABILITY TO ENABLE INDUSTRIAL CUSTOMERS TO MEASURE AND MANAGE INDIRECT GREENHOUSE GAS EMISSIONS

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Honeywell (Nasdaq: HON) expands Honeywell Forge Sustainability+ for Industrials | Emissions Management software to help companies measure and monitor direct and indirect greenhouse gas emissions, addressing global efforts in decarbonizing the power sector and incentivized by the Inflation Reduction Act in the U.S.

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• Expansion of Honeywell's software provides a comprehensive view of emissions for customers, positioning the company as a transformational partner in achieving sustainability outcomes.

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Honeywell Forge Sustainability⁺ for Industrials | Emissions Management helps companies meet their greenhouse gas reduction and reporting targets

ATLANTA, Aug. 3, 2023 /PRNewswire/ -- Honeywell (Nasdaq: HON) today announced an expansion to its Honeywell Forge Sustainability⁺ for Industrials | Emissions Management software application that allows industrial companies to measure and monitor both direct and indirect greenhouse gas (GHG) emissions from their operations.

The software application can collect data from Honeywell's leading sensors and gas-cloud imaging cameras to measure direct GHG emissions, also known as Scope 1 emissions. The new capability aggregates data from additional sources to measure indirect GHG emissions from the purchase of energy, known as Scope 2 emissions.

Despite global efforts in decarbonizing the power sector, electricity and heat generation are responsible for over 40% of global CO₂ emissions, one of the main types of greenhouse gas.¹ Measuring, calculating and accounting emissions are key steps to abate emissions and are incentivized by the recently enacted Inflation Reduction Act in the U.S.² GHG emissions are also regulated around the world.

"Honeywell's newly expanded solution provides customers with a more comprehensive view of their emissions and a critical tool toward meeting their sustainability goals," said Ravikrishnan Srinivasan, vice president and general manager of Emissions Management at Honeywell Connected Enterprise. "Honeywell is uniquely positioned with its ready-now technology and experience to be the transformational partner that helps organizations accelerate their progress in achieving sustainability outcomes."

Visit our Sustainability page, learn more about the solution, follow Honeywell Forge for the latest news, and explore the product releases announced during our Honeywell Connect and Honeywell Users Group (HUG) events.

About Honeywell:

Honeywell (www.honeywell.com) is a technology company that delivers industry-specific solutions that include aerospace products and services; control technologies for buildings and industry; and performance materials globally. Our technologies help aircraft, buildings, manufacturing plants, supply chains, and workers become more connected to make our world smarter, safer, and more sustainable.

Honeywell Forge is intelligent operations software that connects assets, people, and processes, enabling operational performance, sustainability, and quality improvement.  

For more news and information on Honeywell, please visit www.honeywell.com/newsroom.

¹ IEA (2021), Greenhouse Gas Emissions from Energy Data Explorer, IEA, Paris https://www.iea.org/data-and-statistics/data-tools/greenhouse-gas-emissions-from-energy-data-explorer.  
² PowerPoint Presentation (epa.gov), Inflation Reduction Act of 2022 (IRA) Overview.

Contacts:
Media
Kevin Rainey
(602) 245-7319
Kevin.Rainey@honeywell.com

 

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SOURCE Honeywell

FAQ

What is the expansion announced by Honeywell (Nasdaq: HON) regarding its software application?

Honeywell has expanded its Honeywell Forge Sustainability+ for Industrials | Emissions Management software to allow industrial companies to measure and monitor both direct and indirect greenhouse gas (GHG) emissions from their operations.

Why is measuring, calculating, and accounting emissions important?

Measuring, calculating, and accounting emissions are key steps to abate emissions and are incentivized by the recently enacted Inflation Reduction Act in the U.S.

What is the role of Honeywell in helping organizations achieve sustainability outcomes?

Honeywell is uniquely positioned with its ready-now technology and experience to be the transformational partner that helps organizations accelerate their progress in achieving sustainability outcomes.