L3Harris Exceeds Greenhouse Gas Emission Reduction Goal

Rhea-AI Summary

L3Harris Technologies (NYSE: LHX) has achieved a significant milestone by surpassing its goal to reduce greenhouse gas emissions by 30%, three years ahead of schedule. This accomplishment is highlighted in their annual Sustainability Report, which emphasizes the company's leadership in sustainability within the aerospace and defense sector. The report also reaffirms L3Harris’ commitment to reducing water use and landfill diversion by 2026. The company's sustainability efforts are driven by energy reduction initiatives and renewable energy sources, supported by significant community contributions totaling nearly $17 million since 2019. The complete report is accessible on their official website.

Positive

• Surpassed greenhouse gas emissions reduction goal by 30%, achieved three years early.
• Demonstrates leadership in sustainability within the aerospace and defense industry.
• Commitment to 2026 water use reduction and landfill diversion goals.
• Community contributions have reached nearly $17 million since 2019.

Negative

• None.

Highlights:

• Emissions is one of several goals tracked in L3Harris’ annual Sustainability Report released today
• Report illustrates company’s leadership in sustainability within the aerospace and defense industry
• Company reaffirms commitment to reaching 2026 water use reduction and landfill diversion goals

MELBOURNE, Fla.--(BUSINESS WIRE)-- L3Harris Technologies (NYSE: LHX) has surpassed its goal to reduce greenhouse gas emissions by 30% – three years ahead of schedule.

The achievement is a highlight in the annual Sustainability Report published today that focuses on the company’s Environmental, Social and Governance programs and accomplishments to date. L3Harris exceeded its GHG goal through the implementation of energy reduction initiatives and through its focus on renewable energy – including contributions from the Elm Branch Solar Farm.

“Achieving a key environmental goal three years ahead of schedule is another example of how our company is committed to a more viable, sustainable future,” said Christopher E. Kubasik, Chair and CEO. “The company’s environmental sustainability plan is driven by our commitment to support the communities in which we operate to help preserve our planet.”

L3Harris is also committed to reaching 2026 water use reduction and landfill diversion goals. Benchmarking, data capture, industry standards and other sources help to influence the company’s environmental sustainability approach, which includes detailed metrics to measure progress and success. L3Harris also made strides in other commitments to the company’s stakeholders.

Throughout the year, L3Harris and employees gave back to the community. The company’s Foundation supported numerous organizations with contributions reaching nearly $17 million since 2019. Employees also volunteered to support community initiatives resulting in more than 122,000 hours on 1,400 projects.

The company’s Board of Directors oversees ESG efforts and priorities. The Sustainability Report aligns with the frameworks provided by the Global Reporting Initiative, the Sustainability Accounting Standards Board, United Nations Sustainable Development Goals and the Task Force for Climate-Related Financial Disclosures.

The full 2022 Sustainability Report is available here.

About L3Harris Technologies

L3Harris Technologies is a Trusted Disruptor for the global aerospace and defense industry. With customers’ mission-critical needs always in mind, our 46,000 employees deliver end-to-end technology solutions connecting the space, air, land, sea and cyber domains.

Forward-Looking Statements

This press release contains forward-looking statements that reflect management's current expectations, assumptions and estimates of future performance and economic conditions. Such statements are made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The company cautions investors that any forward-looking statements are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements. Statements about ESG are forward-looking and involve risks and uncertainties. L3Harris disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230314005413/en/

Sara Banda

L3Harris Corporate

Sara.Banda@L3Harris.com

321-306-8927

Source: L3Harris Technologies

FAQ

What milestones did L3Harris Technologies achieve in its 2022 Sustainability Report?

L3Harris Technologies surpassed its goal to reduce greenhouse gas emissions by 30%, three years ahead of schedule, as outlined in its 2022 Sustainability Report.

What are L3Harris Technologies' sustainability goals for 2026?

L3Harris Technologies aims to reduce water use and divert waste from landfills by 2026.

How much has L3Harris contributed to community initiatives since 2019?

Since 2019, L3Harris has contributed nearly $17 million to community initiatives.

Where can I find the full 2022 Sustainability Report for L3Harris Technologies?

The full 2022 Sustainability Report for L3Harris Technologies is available on their official website.

What energy initiatives has L3Harris implemented to achieve its sustainability goals?

L3Harris has implemented energy reduction initiatives and focused on renewable energy to achieve its sustainability goals.