GlobalData offers a comprehensive analysis of L3Harris Technologies , providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on L3Harris Technologies ‘s ESG performance. GlobalData’s company profile on L3Harris Technologies offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
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L3Harris Technologies , a global technology company, has set specific goals related to scope 1, scope 2, and scope 3 emissions and is committed to developing its capabilities to allocate emissions to its customers in the future. In 2022, the company's total GHG Emissions (Scope 1) were 72,103 (MTCO2e), and its total GHG Emissions (Scope 2) were 89,550 (MTCO2e). Through pivotal strategies, an annual reduction of 119,271 metric tons of CO2 equivalent (MTCO2e) in Scope 1 and 2 emissions has been achieved in 2022, resulting in a cumulative impact of a 52% reduction from the 2019 baseline. The company aims for a 30% reduction in Scope 1 and 2 greenhouse gas (GHG) emissions by 2026, benchmarked against the levels recorded in 2019.
L3Harris tracks GHG emissions, water, and waste metrics on a facility/location basis. However, challenges in accurately accounting for each product or product line's emissions due to the diversity of its product lines are mentioned. It has made investments in low-carbon energy sources, such as solar and wind energy, through power purchase agreements and the purchase of energy attribute certificates. These investments contribute to the company's overall emission reduction efforts.
L3Harris Technologies engages indirectly through trade associations to influence policy, law, or regulation that may impact the climate. The company's engagement activities are vetted through its Corporate Environmental, Health & Safety group to ensure alignment with its overall environmental sustainability strategy. The engagement increases the visibility of the company's climate change performance and strategy, particularly with its customers, primarily the US government.
In summary, L3Harris Technologies demonstrates a robust commitment to emission reduction, leveraging strategies such as renewable energy investments and policy engagement. Despite challenges in product-specific emissions tracking, the company's proactive approach aligns with its goals for a greener future, fostering sustainability within its operations and influencing broader climate action.
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