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POLITICAL ACTIVITIES

At Carrier, integrity is core to our culture.

Our Board of Directors, Executive Leadership Team and corporate policies guide our actions and hold our entire organization, as well as our agents and representatives, to the highest ethical standards. The Vice President of Government Relations (VP GGR), oversees and coordinates the activities of Carrier and Reporting Unity (RU) representatives (registered lobbyists and trade associations) based in Washington D.C. and other offices performing activities bearing on Carrier’s legislative, regulatory and policy interests.

Carrier engages in political activity and public policy advocacy on issues that impact Carrier’s business whether at the local, state or federal level in the United States or with foreign governments and international governmental organizations. Carrier believes that participating in the legislative and regulatory process is an important part of responsible corporate citizenship and benefits our shareowners, customers, employees and the communities in which we live and work.

Carrier believes in the value of transparency, accountability, and active participation in policy conversations to further the interests of our company and its stakeholders. You can review the Company’s government relations procedures and requirements for political activities here.

Lobbying

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Carrier complies with the federal requirements of the Lobbying Disclosure Act as well as all state requirements. The Vice President of Government Relations, under the supervision of the Governance Committee of Carrier's Board of Directors, ensures timely and accurate reporting of all lobbying activity.

Carrier and its external lobbyists file lobbying disclosure reports with the United States Congress, which are publicly accessible at the U.S. House of Representatives Office of the Clerk and the U.S. Senate Office of Public Records websites. These reports include full lists of federal lobbyists and the issues on which they lobbied, as well as global expenses. Carrier’s public filings commenced in 2020 when it became an independent public company after its spin off from United Technologies Corporation (now RTX) and are accessible below.

We report these expenditures based on the Internal Revenue Code’s definition for such expenses, which is broader than what is required by federal law, but which we believe is a more comprehensive disclosure. This may result in our lobbying expenditures appearing larger than some of our competitors’ lobbying expenditures.

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Carrier Political Action Committee (PAC)

The Carrier PAC is a voluntary, nonpartisan political action committee established by Carrier in accordance with federal law. The Carrier PAC is not funded by corporate dollars. It is funded solely from the voluntary, personal contributions from our employees. It contributes to candidates and national political organizations supportive of Carrier’s corporate business interests and public policy goals, regardless of political party. The bylaws of Carrier PAC provide basic organizational material and incorporate Federal Election Commission regulations. A Steering Committee meets bi-annually to review candidates and approve contributions. For more information on the factors in deciding the timing and amount of contributions to candidates, click here. We are required to make federal public filings of our PAC activities. These filings can be accessed by clicking the Carrier PAC button below.

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Memberships & Associations

Through strategic participation in trade organizations and associations, our leaders and employees stay at the forefront of sharing best practices and evolving trends. We are proud to be a member of several key industry and issue-specific organizations. For a list of the memberships and associations, click here.

Sustainability

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2024 SUSTAINABILITY AND IMPACT REPORT

Carrier’s 2024 Sustainability and Impact Report covers performance for calendar year 2023.

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SUSTAINABILITY AND IMPACT DISCLOSURES

We believe in transparent and open communication with investors. We regularly engage with our shareowners on our financial performance, governance, strategy, and sustainability performance and practices.

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Corporate Responsibility Initiatives

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Environment

How we design, build and operate has profound implications for our planet. We lead the way in developing solutions and technologies that reduce energy consumption and greenhouse gas emissions. And we are committed to accelerating the development of smart, sustainable and efficient solutions that address our planet’s most complex challenges.

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Social Impact

We are a company of innovators and problem-solvers who are united by The Carrier Way – our vision, values and culture. As we innovate to address the planet’s most complex challenges, making a positive impact in our communities around the world is core to our purpose.

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Governance

Our corporate governance provides the framework for building a culture of integrity and ethical behavior everywhere we do business. Our Board of Directors, Executive Leadership Team and corporate policies guide our actions and govern the relationships among employees and with our customers and communities.

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