- Report Highlights Company's Continued Progress on Product
Sustainability, Reductions in Environmental Impact of Manufacturing
Operations and Employee Engagement
- Company Shares Scope 1 and 2 Greenhouse Gas (GHG)
Emissions aligned to SASB
- New Report Aligns with TCFD for First Time and Begins
Process for CDP
SCOTTSDALE, Ariz., Aug. 30,
2023 /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 and audio-visual products,
today released its 2022 Environmental, Social and Governance (ESG)
report that demonstrates how the Company has continued its ESG
journey since releasing the inaugural report last year. The report
showcases continued progress Resideo has made in the areas of
product sustainability, reductions in environmental impact of
manufacturing operations, increased transparency, a strong focus on
company culture, and the development of the next generation of
leaders.
Experience the full interactive Multichannel News Release
here:
https://www.multivu.com/players/English/9105151-resideo-technologies-releases-2022-environmental-social-governance-esg-report/
"While Resideo is approaching five years as a stand-alone
company, we are pleased to have served customers around the world
for more than 130 years with solutions that help make homes and
buildings, and the people that inhabit them, safer, more secure and
sustainable," said Jay Geldmacher,
President and CEO, Resideo Technologies. "Throughout our evolution,
we have considered the well-being of people and the planet, and
today, with the release of our second annual ESG Report, we
demonstrate this commitment through our initiatives to help advance
the future of living."
Key highlights from Resideo's 2022 ESG report include:
- Commitment to decrease its greenhouse gas (GHG) emissions,
sharing Scope 1 and 2 emissions formally aligned to the
Sustainability Accounting Standards Board (SASB) reporting
metrics.
- Alignment to the Task Force on Climate-Related Financial
Disclosures (TCFD).
- Investment in Diversity, Equity, Inclusion, and Belonging
(DEIB), with activities in Employee Resource Groups (ERGs), which
are open to all employees.
The Products & Solutions organization was proud to share
continued growth in innovation with its Green Horizons framework
and the impact its solutions and services can provide,
including:
- The Energy Management team helped sustain power in communities
during grid emergencies by managing more than 200 individual demand
response events for electric utilities that shifted 7.4 GWh of
electricity demand1.
- Leak-detection products helped save consumers an estimated 2.4
million gallons of water in 2022 and helped avoid what would have
been more than $2.7 million in
insurance claims2.
- Resideo's smart thermostats offset the energy use and emissions
of 275,000 homes in 2022, saving 2.2 million metric tons of carbon
dioxide equivalent3.
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. In addition to Mission
500, Resideo is proud to partner with Habitat for Humanity
International and Building Talent Foundation to support key areas
of safety and security, housing and training.
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 our
environmental impact through our 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.
More information about Resideo's sustainability journey can be
found at Resideo.com/sustainability, where the full ESG report is
available for download.
1Aggregated results from Demand Response
events estimated from 28 utility and energy market load management
programs during 2022.
2Estimated gallons saved, and insurance
claims based on average flow rate, duration of leaks and the
average cost of a water-leak claim. Insurance Information
Institute reports both the annual frequency of
water claims already used in the calculation and the average
claim severity in dollars.
3Estimated energy savings
from Resideo connected thermostats in 2022
were equated to metric tons of Carbon Dioxide Equivalent and
energy required to power the average U.S. home using the
EPA's Greenhouse Gas Equivalencies
Calculator.
About Resideo
Resideo is a leading global
manufacturer and developer of technology-driven products and
components that provide critical comfort, energy management, 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.
Investor Contact:
Jason
Willey
investorrelations@resideo.com
Media Contact:
Sarah
Reckard
Sarah.Reckard@resideo.com
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SOURCE Resideo Technologies