20 January 2022
Johnson Controls has again been named among the world's 100 most sustainable corporations in the 2022 Global 100 ranking by Corporate Knights.
It is the eighth time Johnson Controls has been included in the annual study by the Toronto-based media and investment advisory firm. The company ranked first out of 26 in its peer group for HVAC equipment manufacturing and first out of 74 in its industry group for building products. Johnson Controls jumped to 12th in the overall ranking, up from 38th last year.
The company scored strongly in several areas, supported by actions such as committing to invest 75% of new product R&D in climate-related innovation and sustainable products and services, incorporating sustainability and diversity into executive compensation, and deriving a high percentage (nearly half) of its revenue from green products and services.
"Being named among the top 100 most sustainable companies is an honour, and evidence of our ongoing commitment to lead the way to a low-carbon economy," said George Oliver, chairman and CEO, Johnson Controls.
"The next decade is crucial in our shift to a sustainable economy. Sustainability is no longer an opt-in for the world's companies; it needs to be part of their DNA. The bottom line is that it is urgent that we cut carbon. The good news is that cutting carbon is also good for the bottom line."
Katie McGinty, vice president and chief sustainability and external relations officer, added: "We have created a business fully dedicated to sustainability – delivering technologies and creating partnerships for decarbonising buildings. The building sector accounts for nearly 40% of global annual CO2 emissions, so there is no tackling climate change without substantial investment in buildings. We have the technologies to cut carbon emissions today with tools like our OpenBlue digital platform that optimises building systems and cuts both emissions and costs."
Corporate Knights has been ranking the world's most sustainable corporations since 2005. Rankings are based on an assessment of 6,914 companies with more than US$1 billion in revenues.