Honeywell Invests Towards Green Initiatives In India

Published on:
KnowESG_Honeywell investment in India
Image courtesy of Freepik

Honeywell, a leader in Industrial Technology solutions, through its philanthropic arm, Honeywell Hometown Solutions India Foundation (HHSIF), has announced its commitment to invest over INR 150 crore in this decade towards environmental sustainability projects in rural communities in India.

HHSIF will aim to create sustainable ecosystems that boost clean energy sources for agriculture, water conservation and restoration of water bodies, prevent soil erosion, promote STEM education and deep science applications in sustainable technologies and enhance livelihood opportunities in its communities in India.

The company, together with its social development partners, will engage in multiyear projects that include - tree plantation across 10 cities in India, creating watershed infrastructure across states to conserve groundwater and protect soil erosion, as well as installing solar power projects for irrigation and electrification in the villages.

For over 100 years, Honeywell has driven environmental responsibility by developing technology solutions that reduce greenhouse gas emissions, increase energy efficiency, conserve water, minimise waste and drive efficiency across operations of its own operations as well as those of its customers.

The company provides technology to produce green fuels, hydrogen-oriented technologies, carbon capture, and energy storage. About 60% of Honeywell’s global research and development fund was directed toward ESG-oriented outcomes.

Ashish Modi, President Honeywell India, states - “Honeywell has been committed to making the world a better place by use of technology that solves Environmental, Social, and Governance needs for its customers. In India, our social programmes are focused on building sustainable and resilient communities to protect and conserve these ecosystems. We believe through these funds, we will be able to deliver the much-needed interventions that help us promote water and soil restoration, clean energy adoption and promote a green cover across cities and villages.”

Honeywell’s social initiatives in India are focused on two thematic areas – Sustainable community development and Stem education and focused on sustainable technologies. So far, the company has worked across 9 states and created a positive impact for over 12 lacs people in urban and rural communities.

For more company-related news

Source: Honeywell

Share:
esg
esg
esg
esg

Companies Headlines

Enserva Launches OnePath, Simplifying ESG Reporting

Enserva Launches OnePath, Simplifying ESG Reporting

OMV's New Brand Identity Reflects Sustainability Focus

OMV's New Brand Identity Reflects Sustainability Focus

Chemours Leads Sustainability with Science-Based Goals

Cathay Pacific and SIA Partner on Greener Skies

Avocado Green Mattresses Now OEKO-TEX® Certified

Africa's Coca-Cola: Green Solutions

Companies Embrace Sustainability Amid Greenwashing Worries

Nielsen Celebrates First Global Volunteer Month, Earth Day

MAS, Ambercycle Partner for Textile Regeneration

White & Case Appoints Erasmus Hoffmann for ESG Focus

More from Honeywell International Inc.
Honeywell's 100% SAF Engine Tested on Embraer Jet
Honeywell's 100% SAF Engine Tested on Embraer Jet
ESG Pressure Rises: Honeywell Sustainability Index
ESG Pressure Rises: Honeywell Sustainability Index
Honeywell's Decarbonisation Webcast for Investors
Honeywell's Decarbonisation Webcast for Investors
ESG Goals Remain Firm Despite Economic Slump - Honeywell
ESG Goals Remain Firm Despite Economic Slump - Honeywell