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17
Sep, 2023

By Nikki Cabus

Palm Beach County-based Carrier named a TIME World’s Best Company

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Carrier has been named to TIME’s inaugural World’s Best Companies 2023 list.
For the first time ever, TIME partnered with data and business intelligence platform Statista to rank the biggest tech companies around the world doing best for investors, employees, and the planet. TIME is recognizing the top performing companies globally based on employee satisfaction, revenue growth and sustainability.

“Being named to TIME’s World’s Best Companies list in its first year is a testament to Carrier’s exceptional employees and their commitment to delivering innovative, intelligent climate and energy solutions for our global customers,” said Carrier Chairman & CEO David Gitlin.

“Long-term secular trends are transforming our industry, and we are leaning in as an industry leader uniquely positioned to solve our customers’ most important challenges. The result has been a galvanized workforce focused on a compelling mission, a supportive customer base eager for solutions, and a positive impact on our planet for generations to come.”
The World’s Best Companies 2023 is a research project and comprehensive analysis conducted to identify the top 750 performing companies across the globe. The study was based on three primary dimensions: Employee Satisfaction, Revenue Growth, and Sustainability (ESG) and tapped into areas such as the company’s image, atmosphere, working conditions, salary and equality. Companies that demonstrated positive revenue growth from 2020 to 2022 were considered, and multiple key performance indicators such as sustainable solutions, people and communities were incorporated.
  • Employee Satisfaction was evaluated through global surveys involving approximately 150,000 participants from 58 countries. The assessment included both direct and indirect employer evaluations by verified employees.
  • Revenue Growth was assessed using Statista’s database. To qualify, companies needed to generate a minimum of US $100 million in 2022 and demonstrate positive growth from 2020 to 2022. Both relative and absolute growth metrics were considered.
  • Sustainability was evaluated using ESG data from Statista’s database and targeted research. Multiple Key Performance Indicators were used to create a comprehensive ESG index. These included carbon emissions intensity and reduction rate, Carbon Disclosure Project (CDP) rating, board gender diversity, existence of a human rights policy, and adherence to Global Reporting Initiative (GRI) guidelines.

As Carrier expands its portfolio of intelligent climate and energy solutions, it is accelerating the shift toward electrification, more connected technologies and environmentally responsible refrigerants. Carrier’s recently announced portfolio transformation with the acquisition of Viessmann Climate Solutions will position the company to better help customers reduce their carbon footprint and meet their sustainability goals by improving energy efficiency in buildings, in homes and across the cold chain.

Headquartered in Palm Beach Gardens, Carrier is a global leader in building and cold chain solutions innovating to address the needs of people and our planet. The company promotes the health and safety of indoor spaces where people live, work, learn and play, and help preserve, protect and extend the supply of food and medicine across the globe. Carrier is taking action to address climate change with our partners and customers.

To learn more about Carrier, visit www.corporate.carrier.com.
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22
Aug, 2023

By Adam Elitzur

Carrier strengthens sustainability commitments in 2023 ESG report

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Carrier Global Corporation, a leading provider of heating, air conditioning and refrigeration solutions, headquartered in Palm Beach Gardens, Florida, recently released its 2023 Environmental, Social and Governance (ESG) Report detailing the company’s sustainability strategy and latest initiatives. 

The report outlines Carrier’s commitment to setting near and long-term emission reduction targets, including a goal of achieving net-zero greenhouse gas (GHG) emissions across its value chain by 2050. Since 2020, Carrier’s efficient products have enabled customers to avoid over 212 million metric tons of GHG emissions. The company is also targeting a reduction of its customers’ carbon footprint by more than 1 gigaton and carbon-neutral operations by 2030.

In the report, David Gitlin, Chairman & Chief Executive Officer, stated “Our planet is at a critical juncture. Climate change is causing irreparable damage to the environment, and the need to transition to renewable energy has never been greater. At Carrier, the purposeful transformation of our portfolio will create a true global climate champion that leverages innovative technology to make a meaningful impact on the world for generations to come.”

“I am proud of the progress we are making. Looking ahead, we strive to be a catalyst for positive and sustainable change as we innovate, empower our people and operate with integrity. As a world leader in intelligent climate and energy solutions, Carrier is proud to have a deeply positive impact on people and our planet.”

On environmental metrics, Carrier reduced its energy consumption by 25% and water withdrawal by 11% compared to 2021 levels. The company purchased 134,000 MWh of renewable energy credits for its North American electricity use and implemented energy efficiency projects at its facilities worldwide. One such project, led by NORESCO, a part of Carrier, is in use in Fullerton, California, reducing the city’s carbon footprint and enabling critical infrastructure upgrades. To date, NORESCO has guaranteed more than $5 billion in energy and operating cost savings at more than 10,000 facilities while reducing customer carbon dioxide emissions by more than 25 million metric tons – the equivalent of planting 1.4 million acres of forest.

Additionally, Carrier is driving progress on social initiatives like inclusion, diversity and community engagement. In 2022, the company increased its spending with diverse suppliers to $312 million, expanded Employee Resource Groups globally and continued partnerships with historically Black colleges and universities. Carrier contributed over $9.7 million to community organizations worldwide. 

Looking ahead, Carrier plans to continue implementing emissions reduction initiatives across its operations, including more on-site renewable energy projects, fleet electrification efforts, and refrigerant emission reduction programs. As Carrier evolves its portfolio towards climate-friendly solutions, its 2023 ESG Report highlights the importance of sustainability and social responsibility to the company’s overall vision and growth strategy. Carrier aims to lead its industry’s transition to a net-zero future.

View Carrier’s full 2023 ESG Report here. 

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Palm Beach County-based Carrier named a TIME World’s Best Company
Carrier strengthens sustainability commitments in 2023 ESG report