01 Aug Honeywell quarterly Environmental Sustainability index findings
86% of 750 organizations which responded indicated that they planned to increase their sustainability budgets.
Honeywell’s quarterly environmental sustainability index consists of the company reaching out to those within the fire and safety industries around the world, including those in the Middle East, and gathering information about their upcoming sustainability efforts.
750 organizations responded, answering queries about energy evolution, emissions reduction, pollution prevention and more. The index took place at the end of last month and was the fourth that the company has held.
Key findings consisted of:
86% of the 750 companies surveyed indicated that they plan to increase their sustainability budgets.
7 in 10 surveyed companies said the political and regulatory environment has had a positive impact on their sustainability initiatives in the past 12 months.
74% of respondents said they were optimistic about attaining their respective sustainability goals, particularly with respect to localized 2030 energy goals – such as those in the Suaid Vision 2030 initiative.
Budget increases are expected across four sustainability categories: energy evolution and efficiency, emissions reduction, pollution prevention and circularity/recycling. Improving energy usage is cited as a top commitment across all geographies, with 87% of respondents citing it as a priority.
Organizations responded from Latin America, Europe, Africa and the Middle East. The findings of the index stand as particularly important to Fire Middle East, not only due to the company being a contributor to Fire Middle East Magazine in the past but due to the increased importance of sustainability, as heat waves and wildfires continue to reach record highs.