STOCK TITAN

President Biden invites Johnson Controls' CEO to speak at Leaders Summit on Climate

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
conferences
Rhea-AI Summary

Johnson Controls (NYSE: JCI) announced that Chairman and CEO George Oliver has been invited by President Joe Biden to participate in the virtual Leaders Summit on Climate. The summit aims to strengthen collective efforts against climate change ahead of the COP26 conference. Oliver emphasized the importance of a roadmap for limiting global temperature rise and highlighted the economic benefits of a lower-carbon economy. He will speak on April 23 about building roles in reducing emissions. Johnson Controls targets a 55% reduction in operational emissions by 2030 and is committed to sustainability.

Positive
  • None.
Negative
  • None.

MILWAUKEE, April 21, 2021 /PRNewswire/ -- Johnson Controls (NYSE: JCI), the global leader for smart, healthy and sustainable buildings, today announced that its chairman and CEO George Oliver has been invited by U.S. President Joe Biden to participate in the virtual Leaders Summit on Climate.

President Biden invites Johnson Controls' CEO to speak at Leaders Summit on Climate

The summit will bring together leaders of the world's major economies and other vital partners for an urgent and open dialogue on ways to strengthen collective efforts to address the climate crisis. President Biden has made tackling climate change a top national priority since taking office and is urging other world leaders to attend the summit to discuss how their governments will help drive the goal of limiting global temperature rise.

"I am honored to accept President Biden`s invitation to join him and other world leaders calling for urgent climate action. It is especially important to establish a roadmap to limiting the rise of global temperatures as we get closer to the COP26 climate conference scheduled for November in Glasgow," said George Oliver, chairman and CEO, Johnson Controls. "Transitioning to a lower-carbon economy is an opportunity to build back better, as we recover from the Covid-19 pandemic. Providing clean, sustainable and energy efficient solutions creates jobs while building strong, resilient, global economies."

According to the White House, a major theme of the summit will be the broad economic benefits of climate action, with a strong focus on job creation. This will explore both the economic benefits of green recovery and long-term decarbonization and the importance of ensuring that all communities and workers benefit from the transition to a clean energy economy.

Representing both Business Roundtable and Johnson Controls, Oliver will address these topics in a session on April 23 as well as the role buildings can play to slash both emissions and costs.  

Business Roundtable is an association of chief executive officers of America's leading companies. Oliver was named chair of the Business Roundtable Energy & Environment Committee in January this year. The Committee is dedicated to advancing policies that encourage innovation and support an environmentally and economically sustainable future.

The vast majority of Business Roundtable's 223 member CEOs have made public commitments to reduce their companies' greenhouse gas emissions/carbon footprints, are making serious progress and reporting on it publicly. Nearly half of those commitments are for net zero carbon emissions by 2050, if not sooner.

Business Roundtable members are playing a significant role in driving ambitious climate action and the policy needed to spur low-carbon economic growth. Last September, the organization endorsed the goals of the Paris Agreement and proposed aggressive policies to achieve those goals.

Johnson Controls own ambitious emissions reductions targets were recently approved by the Science Based Targets Initiative – an independent organization that assesses corporate sustainability claims. As part of its environmental sustainability commitments, Johnson Controls aims to cut operational emissions by 55 percent and reduce customers' emissions by 16 percent before 2030. Johnson Controls believes its OpenBlue platform for optimizing building sustainability will be central to fulfilling these goals and ultimately creating an environment for healthy people, healthy places and a healthy planet.

The company also recently joined the Business Ambition for 1.5°C campaign and is a signatory to The Climate Pledge, an initiative of business leaders co-founded by Amazon and Global Optimism. Signatories to the pledge commit to reaching net zero carbon emissions by 2040 – ten years ahead of the Paris Climate Agreement goal.

As a leader in the buildings space for more than 135 years, Johnson Controls has been a pioneer in sustainability and is ranked in the top 12 percent of climate leadership companies globally by CDP. It is on the World's Most Ethical Companies® Honoree List and is named one of Corporate Knights' global 100 most Sustainable Companies.

To read more about Johnson Controls' commitment to sustainability, please visit:
https://www.johnsoncontrols.com/corporate-sustainability/environment

About Johnson Controls:
At Johnson Controls (NYSE:JCI) we transform the environments where people live, work, learn and play. As the global leader in smart, healthy and sustainable buildings, our mission is to reimagine the performance of buildings to serve people, places and the planet. 

With a history of more than 135 years of innovation, Johnson Controls delivers the blueprint of the future for industries such as healthcare, schools, data centers, airports, stadiums, manufacturing and beyond through its comprehensive digital offering OpenBlue. With a global team of 100,000 experts in more than 150 countries, Johnson Controls offers the world`s largest portfolio of building technology, software as well as service solutions with some of the most trusted names in the industry. For more information, visit www.johnsoncontrols.com or follow us @johnsoncontrols on Twitter.

INVESTOR CONTACTS:

MEDIA CONTACTS:



Antonella Franzen

Chaz Bickers

Direct: 609.720.4665

Direct: 224.307.0655

Email: antonella.franzen@jci.com

Email: charles.norman.bickers@jci.com



Ryan Edelman

Michael Isaac

Direct: 609.720.4545 

Direct: +41 52 6330374

Email: ryan.edelman@jci.com  

Email: michael.isaac@jci.com  

 

Johnson Controls Logo. (PRNewsFoto/JOHNSON CONTROLS, INC.) (PRNewsFoto/)

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/president-biden-invites-johnson-controls-ceo-to-speak-at-leaders-summit-on-climate-301274023.html

SOURCE Johnson Controls International plc

FAQ

What is the significance of Johnson Controls CEO George Oliver's invitation to the Leaders Summit on Climate?

George Oliver's invitation highlights Johnson Controls' commitment to addressing climate change and signifies the company's leadership in promoting sustainable practices.

When is the Leaders Summit on Climate taking place?

The Leaders Summit on Climate is scheduled for April 22-23, 2021.

What goals has Johnson Controls set for emissions reduction by 2030?

Johnson Controls aims to cut operational emissions by 55% and reduce customers' emissions by 16% before 2030.

How does Johnson Controls plan to achieve its sustainability goals?

The company plans to utilize its OpenBlue platform to optimize building sustainability, aiming for healthier environments and reduced emissions.

What commitments have members of the Business Roundtable made regarding climate action?

Members have publicly committed to reducing greenhouse gas emissions, with nearly half targeting net zero carbon emissions by 2050.

What role will George Oliver play at the Leaders Summit on Climate?

George Oliver will address topics related to climate action, economic benefits, and the role of buildings in reducing emissions.

Johnson Controls International plc

NYSE:JCI

JCI Rankings

JCI Latest News

JCI Stock Data

52.74B
659.69M
0.32%
91.85%
1.5%
Building Products & Equipment
Air-cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip
Link
United States of America
CORK