Recently, Honeywell’s Environmental Sustainability Index (ESI) for the third quarter of 2023 was newly released!

Key points of this period

86% of enterprises plan to increase investment in sustainable development

Enterprises mainly increase their budgets in four key areas: energy development and efficiency, emission reduction, pollution prevention and control, and recycling/recycling

About 80% of multinational companies in the manufacturing and energy industries state that sustainable development is a top priority for their work in the next six months

The Environmental Sustainability Index is based on a double-blind survey of 751 professionals in the fields of business, technology and sustainable development around the world, reflecting the key trends, attitudes and progress of global actions to mitigate climate change and other sustainable development initiatives.
As one of the leading companies in global energy and climate transformation solutions, Honeywell hopes to help more companies successfully carry out sustainable practices by tapping into the ideas and experiences of these pioneers in sustainable development.
Interpretation of the latest data
Steady progress in sustainable practice
According to the latest Honeywell Environmental Sustainability Index, sustainable development has become a priority for manufacturing and energy enterprises at present – about 80% of them regard the Sustainable Development Goals as the first action in the next six months. These companies stated that sustainable development prioritizes other key tasks, including financial performance, market growth, and talent development.
Large multinational enterprises are steadily investing technology and manpower to achieve their environmental Sustainable Development Goals, which is confirmed in the latest environmental sustainable development index. Sustainable development is the top concern of the company’s decision-making team, as they are incentivizing senior management to increase engagement and initiative to achieve goals.
——Chief Sustainability Officer, Honeywell
Evan van Hook
This survey also found that 93% of surveyed companies have a sustainable development reporting mechanism, and 82% of companies are optimistic that their reporting methods can meet the disclosure requirements that may be introduced next year. However, in terms of reporting process management, only 38% of companies indicate that they have dedicated employees or teams responsible for tracking sustainable development progress.
The fourth issue of the Honeywell Environmental Sustainability Index provides a new perspective for businesses on how to report and track progress on their sustainability commitments. This quarter, we have seen an increase in investment and transparency in sustainable development by enterprises, and have adopted a combination of technology and processes in the process of achieving goals.
——The Future Group, the executing agency for this survey
Chief Analyst and Founding Partner Daniel Newman

Highlights of the report gathered together
Sustainable investment momentum remains undiminished
The Honeywell Environmental Sustainability Index released this time shows that sustainable development investment continues to grow and maintain momentum, partly thanks to the political and regulatory environment:
Out of the 751 global companies surveyed, 86% of them expressed plans to increase their sustainable development budgets.
70% of surveyed companies stated that the political and regulatory environment has been favorable for their sustainable development measures in the past 12 months.
Up to 74% of the respondents said they were optimistic about achieving the Sustainable Development Goals, but this figure was 3 percentage points lower than the previous index.
The increase in budget is mainly concentrated in four categories of sustainable development: energy development and efficiency, emission reduction, pollution prevention and control, and recycling/recycling.
Accelerating energy development and improving efficiency are the primary sustainable development commitments of enterprises in various regions around the world, with 87% of respondents prioritizing them.
About 25% of Latin American companies and 20% of companies in Europe, the Middle East, and Africa plan to increase their investment in energy development and efficiency by at least 50% in the next 12 months, surpassing the budget growth of companies in North America and the Asia Pacific region.
With the continuous deepening of the concept of sustainability, Honeywell believes that more and more enterprises are bound to join the ranks of sustainable development and walk with numerous partners on this path of development.
For Honeywell itself, we have always been an active practitioner of sustainable development – since 2004, the intensity of greenhouse gas emissions from our business operations and facilities has decreased by over 90%. Honeywell also pledged to collaborate with the Science Carbon Target Initiative (SBTi) to develop scientific emission reduction targets that include other indirect greenhouse gas emissions (i.e. “Scope Three” emissions) generated by the value chain.
Honeywell is gradually fulfilling its commitment to sustainable development and ultimately achieving its goal of achieving carbon neutrality in its operations and facilities by 2035. At the same time, we are also helping customers to achieve Sustainable Development Goals through mature solutions.