- 10-point increase in EcoVadis score
- New carbon reduction targets for Scope 1 and 2 GHG
emissions
SCOTTSDALE, Ariz., Aug. 28,
2024 /PRNewswire/ -- Resideo Technologies
Inc. (NYSE: REZI), a leading global provider of home comfort,
life safety and security solutions, and distributor of commercial
and residential security, safety, smart-living and audio-visual
products, today released its 2023 Environmental, Social and
Governance (ESG) report, detailing its ESG progress, new
climate commitments, and continued execution of its ESG
strategy1.
Experience the full interactive Multichannel News Release here:
https://www.multivu.com/players/English/9105153-resideo-technologies-2023-environmental-social-governance-esg-report/
"After five years as a stand-alone company, we are learning more
every day about what is necessary to succeed with our customers and
in our key markets," said Jay Geldmacher, President and CEO,
Resideo Technologies. "At Resideo, we know sustainability is a
process and 'It Starts with Us.' Each of our employees has a role
to play in making our communities and our planet more resilient and
sustainable. We must each take actions to make our business
stronger and more sustainable."
Resideo's progress is underlined by its recent 10-point
increase in its EcoVadis score2. The company's current
Silver Medal placing, awarded for the second time, puts it in the
top 8% of its peer category across 21 sustainability criteria
including environment, labor and human rights, ethics, and
sustainable procurement.
Key highlights from Resideo's 2023 ESG report include:
- Setting Climate Targets and Investing in
Solutions: For Scope 1 and 23 emissions,
Resideo is establishing a reduction target of 50% by 2035. In
addition, for its EMEA facilities, the company invested nearly
$5M in capital expenditures related
to ESG, including CO2e reduction projects, reductions in electrical
energy costs, improvements in grid dependency and the addition of
smart energy meters in multiple facilities.
- Emphasizing Sustainability-Aligned
Innovation: Resideo's product development teams, driven by
the company's Green Horizons framework4, continue to
showcase the role its products play in helping customers save
energy, avoid water and fire disasters, and feel safer in their
homes.
- Prioritizing the Wellbeing and Growth of People: In
2023, Resideo continued to provide global training and mentorship
opportunities including the Resideo Leadership Program and
diversity, equity and inclusion-related training and engagement
through its Employee Resource Groups.
- Continuing a Commitment to Positive Community
Impact: ADI Global Distribution continued its partnership
with Mission 500, a non-profit organization focused on supporting
children and families living in poverty across the U.S. Resideo is
proud to continue to partner with additional organizations,
including Habitat for Humanity International and the Building
Talent Foundation to support key areas of safety and security,
housing and training.
Resideo's 2023 report is another meaningful step in its ESG
journey and commitment to speaking transparently about its goals
for environmental sustainability. More information about Resideo's
sustainability journey can be found
at Resideo.com/sustainability, where the full ESG report is
available for download.
1 Resideo's ESG mission and strategy incorporate five
specific actions, aligned to its key commitment to contribute to a
better world.
- Environmental – Innovate: innovating
sustainable offerings in water, air, energy, and security for homes
and buildings; Reduce: working toward reducing
environmental impact through its own Resideo footprint.
- Social – Commit: committing to an equitable,
safe and nurturing work
environment; Impact: improving the future of
organizations, partners and individuals through positive impact in
our communities.
- Governance – Trust: driving a foundation of
trust in the market through fair and ethical governance.
2 Resideo's EcoVadis Silver Medal placing means it is in
the top 8% of its peer category. The most recent placement marks a
10-point increase from its 2022
submission. https://ecovadis.com/
3 Resideo's climate target considers a baseline year of 2022 and
includes reductions in Scope 1 and 2 emissions only.
4 Green Horizons is Resideo's internal blueprint for sustainable
product innovation, designed to lay the foundation for the
development and evaluation of Resideo products both presently and
in the long-term.
About Resideo
Resideo is a leading global manufacturer and developer of
technology-driven products and components that provide critical
comfort, energy management, smart-living and life safety and
security solutions to over 150 million homes globally. Through our
ADI Global Distribution business, we are also a leading wholesale
distributor of low-voltage security and life safety products for
commercial and residential markets and serve a variety of adjacent
product categories including audio visual, data com, wire and
cable, and smart home solutions. For more information about
Resideo, please visit www.resideo.com.
Contacts
Investor Contact:
Jason Willey
investorrelations@resideo.com
Media Contact:
Sarah Reckard
Sarah.Reckard@resideo.com
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SOURCE Resideo Technologies, Inc.