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Johnson Controls, a global leader for smart, healthy and sustainable buildings, has again been named to the Financial Times Europe Climate Leaders list in 2024. This marks the fourth year Johnson Controls has been included, each year since the list’s inception in 2021.
The Europe Climate Leaders list, compiled by the Financial Times in partnership with data provider Statista, shows that companies are increasingly accelerating on decarbonisation. The list is comprised of European companies that achieved the greatest reduction in their core emissions intensity between 2017 and 2022 and fulfilled further climate-related criteria including transparency on Scope 3 emissions and their collaboration with leading sustainability assessors.
Katie McGinty, Vice President and Chief Sustainability and External Relations Officer, said: “We are at a critical inflection point when it comes to climate change. While buildings account for nearly 40 per cent of global emissions, the technology exists today to get to net zero through energy efficient technology, electrification, and digital optimisation. Our inclusion on the Europe Climate Leaders list is a testament to the success we’ve realised in putting the technology trifecta to work in our business operations – cutting emissions and costs – and we are seizing the significant opportunity there is in embracing and promoting meaningful climate action.”
As reported in its latest sustainability report, Johnson Controls has reduced absolute Scope 1 and 2 emissions by 44 per cent since 2017, putting it ahead of schedule in achieving its 2030 science-based target of a 55 per cent reduction. The company also reported a 27 per cent reduction in Scope 3 emissions derived from the use of its products, exceeding its 2030 science-based target of achieving 16 per cent reduction in use of sold products by 2030.
Johnson Controls also remains committed to innovation, investing 90 per cent of new product R&D into climate-related technologies. The company is also addressing hard-to-abate steel production and embodied carbon with more than 80 per cent of steel purchases in the United States and 50 per cent globally produced from recycled scrap materials using low-carbon, electric arc furnace steel-making technology.
