Resideo Technologies Releases 2023 Environmental, Social and Governance (ESG) Report, Demonstrating Progress and Announcing New Long-Term Targets
- 10-point increase in EcoVadis score
- New carbon reduction targets for Scope 1 and 2 GHG emissions
SCOTTSDALE, Ariz., Aug. 28, 2024 /PRNewswire/ -- Resideo Technologies Inc. (NYSE:REZI), a leading global provider of home comfort, life safety and security solutions, and distributor of commercial and residential security, safety, smart-living and audio-visual products, today released its 2023 Environmental, Social and Governance (ESG) report, detailing its ESG progress, new climate commitments, and continued execution of its ESG strategy1.
Experience the full interactive Multichannel News Release here: https://www.multivu.com/players/English/9105153-resideo-technologies-2023-environmental-social-governance-esg-report/
"After five years as a stand-alone company, we are learning more every day about what is necessary to succeed with our customers and in our key markets," said Jay Geldmacher, President and CEO, Resideo Technologies. "At Resideo, we know sustainability is a process and 'It Starts with Us.' Each of our employees has a role to play in making our communities and our planet more resilient and sustainable. We must each take actions to make our business stronger and more sustainable."
Resideo's progress is underlined by its recent 10-point increase in its EcoVadis score2. The company's current Silver Medal placing, awarded for the second time, puts it in the top 8% of its peer category across 21 sustainability criteria including environment, labor and human rights, ethics, and sustainable procurement.
Key highlights from Resideo's 2023 ESG report include:
- Setting Climate Targets and Investing in Solutions: For Scope 1 and 23 emissions, Resideo is establishing a reduction target of 50% by 2035. In addition, for its EMEA facilities, the company invested nearly $5M in capital expenditures related to ESG, including CO2e reduction projects, reductions in electrical energy costs, improvements in grid dependency and the addition of smart energy meters in multiple facilities.
- Emphasizing Sustainability-Aligned Innovation: Resideo's product development teams, driven by the company's Green Horizons framework4, continue to showcase the role its products play in helping customers save energy, avoid water and fire disasters, and feel safer in their homes.
- Prioritizing the Wellbeing and Growth of People: In 2023, Resideo continued to provide global training and mentorship opportunities including the Resideo Leadership Program and diversity, equity and inclusion-related training and engagement through its Employee Resource Groups.
- Continuing a Commitment to Positive Community Impact: ADI Global Distribution continued its partnership with Mission 500, a non-profit organization focused on supporting children and families living in poverty across the U.S. Resideo is proud to continue to partner with additional organizations, including Habitat for Humanity International and the Building Talent Foundation to support key areas of safety and security, housing and training.
Resideo's 2023 report is another meaningful step in its ESG journey and commitment to speaking transparently about its goals for environmental sustainability. More information about Resideo's sustainability journey can be found at Resideo.com/sustainability, where the full ESG report is available for download.
1 Resideo's ESG mission and strategy incorporate five specific actions, aligned to its key commitment to contribute to a better world.
- Environmental – Innovate: innovating sustainable offerings in water, air, energy, and security for homes and buildings; Reduce: working toward reducing environmental impact through its own Resideo footprint.
- Social – Commit: committing to an equitable, safe and nurturing work environment; Impact: improving the future of organizations, partners and individuals through positive impact in our communities.
- Governance – Trust: driving a foundation of trust in the market through fair and ethical governance.
2 Resideo's EcoVadis Silver Medal placing means it is in the top 8% of its peer category. The most recent placement marks a 10-point increase from its 2022 submission. https://ecovadis.com/
3 Resideo's climate target considers a baseline year of 2022 and includes reductions in Scope 1 and 2 emissions only.
4 Green Horizons is Resideo's internal blueprint for sustainable product innovation, designed to lay the foundation for the development and evaluation of Resideo products both presently and in the long-term.
About Resideo
Resideo is a leading global manufacturer and developer of technology-driven products and components that provide critical comfort, energy management, smart-living and life safety and security solutions to over 150 million homes globally. Through our ADI Global Distribution business, we are also a leading wholesale distributor of low-voltage security and life safety products for commercial and residential markets and serve a variety of adjacent product categories including audio visual, data com, wire and cable, and smart home solutions. For more information about Resideo, please visit www.resideo.com.
Contacts
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SOURCE Resideo Technologies, Inc.