Maoshu Liu, Group Vice President and General Manager of Honeywell Performance Materials and Technologies Asia Pacific, also won the "2021 Industry Influential Person Award"
Shanghai, China, July 30, 2021 – Honeywell (NASDAQ: HON) has been honored with the 2021 Sustainability Model Award at the 10th China Finance Summit in recognition of Honeywell's long-standing commitment to improving its own environmental and sustainability excellence and helping customers achieve their sustainability goals through product innovation. Honeywell continues to be recognized by the industry for its commitment to sustainable development for itself and its customers.
At the same time, Liu Maoshu, vice president and general manager of Honeywell Performance Materials and Technologies Group in Asia Pacific, won the "2021 Industry Influential Person Award". Mr. Liu Maoshu led the business group's Asia-Pacific team to strengthen local innovation and R&D of products and technologies, improve the company's production and operation performance and social environmental benefits, and grow together with Chinese partners, making outstanding contributions to business growth and industry development.
"We are honored to have been recognized by the industry for Honeywell's sustainability achievements. Honeywell's sustainability efforts build on the company's long tradition of innovation in helping customers achieve their environmental and social goals. "China is Honeywell's second largest market in the world, providing Honeywell with tremendous growth opportunities. We have unique technological advantages to serve China's high-quality development goals by continuously developing products and technologies that meet the energy and environmental needs of Chinese customers. ”
With more than 100 years of experience in sustainability and energy efficiency, Honeywell develops approximately 50 percent of its new products to improve its customers' environmental and social performance. Honeywell's sustainability technologies are used in flight efficiency solutions, green aviation fuel, smart building energy management, smart warehousing and logistics, "refinery of the future" solutions, low GWP refrigeration solutions, battery energy storage and hydrogen, and carbon capture and storage, helping customers reduce energy consumption and increase efficiency.
Honeywell has repeatedly set ambitious sustainability goals and exceeded them. Since 2004, the greenhouse gas intensity of the company's operations and facilities has been reduced by more than 90%. In addition to drastic reductions in greenhouse gas emissions, Honeywell has implemented more than 5,700 sustainability projects since 2010, saving an average of $100 million per year. In April 2021, Honeywell announced that it would achieve carbon neutrality across all of its operations and facilities by 2035.
Honeywell's commitment to carbon neutrality is in line with China's sustainability goals of peaking carbon dioxide emissions before 2030 and achieving carbon neutrality before 2060. Honeywell has been implementing the strategy of "East for East" in China, strengthening product research and development and technological innovation in China, and is committed to working with Chinese partners to achieve more low-carbon, efficient, safe, healthy and sustainable development.
Founded in 2012, the China Finance Summit is a collaboration between financial and mass media, dedicated to gathering and sharing business wisdom and delivering mainstream business values. At present, it has developed into one of the most influential platforms for the exchange of ideas in the economic field.
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