GlobalData offers a comprehensive analysis of Raytheon 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 Raytheon Technologies’s ESG performance. GlobalData’s company profile on Raytheon 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.
Raytheon Technologies has set specific targets to reduce its carbon emissions and has disclosed its Scope 1, Scope 2, and Scope 3 greenhouse gas (GHG) emissions and related risks in its ESG report. Raytheon Technologies’ latest filings mentioned the keywords ‘Emissions’ and ‘Climate Change’ most number of times.
In 2022, the company’s Scope 1 emissions amounted to 506,700 metric tonnes of carbon dioxide equivalent, Scope 2 location-based emissions amounted to 936,100 metric tonnes of carbon dioxide equivalent, Scope 2 market-based emissions amounted to 926,600 metric tonnes of carbon dioxide equivalent, and Scope 3 emissions amounted to 22,256,400 metric tonnes of carbon dioxide equivalent.
The company has taken steps to reduce its emissions, including implementing energy/GHG best management practices and sourcing renewable energy. In 2022, Raytheon Technologies has achieved a 21% reduction in GHG emissions, a 12% reduction in energy consumption, and generated 111,100 GJs of renewable energy from its 2019 baseline. Further, The company reported a 22% reduction in waste sent to landfill and incineration and a 15% reduction in water consumption since 2019. The company has also disclosed its process for identifying, assessing, and managing climate-related risks and opportunities, as well as its governance around climate-related risks and opportunities.
In conclusion, Raytheon Technologies has committed to strengthening its resilience to climate risks and has disclosed the actual and potential impacts of climate-related risks and opportunities on its businesses, strategy, and financial planning.