· Estimated INR 150 Crores will be invested towards the promotion of clean energy solutions, enabling climate resilient agricultural practices, initiating watershed programs to conserve water, protect soil erosion, increase ground water table, and strengthen rural livelihood.
· Honeywell kicked off an ambitious afforestation drive to plant over 10 lakh saplings across 10 cities by 2032 named ‘Plant the Future Campaign’.
· These commitments are beyond the significant impact Honeywell has in partnering with Indian customers and regulators with the help of its Products, Solutions, and technologies in addressing their sustainability goals.
Mumbai, June 21, 2023: Honeywell (NASDAQ: HON) 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 Crores in this decade towards environmental sustainability projects in the 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, minimize 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 make the world a better place by use of technology that solves Environmental, Social and Governance needs for its customers. In India, our social programs 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.
