2024 SUSTAINABILITY AND IMPACT REPORT

At Carrier, when we make changes, it changes the world.

We are empowering our customers to meet their sustainability goals while progressing toward ambitious goals of our own. We are helping meet the challenges of climate change by strategically innovating to expand our portfolio of solutions through electrification, integration and resilience. We are continuously working to improve our employees’ experience and investing in our communities. As a global climate leader, we are making a positive impact on the industry we invented – and beyond – in ways that no other company can, driving measurable and meaningful progress for people, our planet and generations to come.

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“At Carrier, we are leading our industry by driving measurable results toward a sustainable future.”

David Gitlin, Chairman & Chief Executive Officer

“Carrier is advancing sustainability by developing intelligent climate and energy solutions, implementing practices that reduce environmental impacts and investing in people and communities.”

Hakan Yilmaz, Senior Vice President, Chief Technology & Sustainability Officer

2023 Highlights

Planet

367M+

metric tons of greenhouse gas (GHG) emissions avoided since 2020 by customers using our high-efficiency and lower global warming potential refrigerant products

965M+

invested in sustainable research and design since 2020

20%

decrease in GHG emissions for Scope 1 and 2 emissions relative to 2021¹

8%

reduction in energy consumption compared with 2021

Maintained

water withdrawal intensity compared with 2021

14

manufacturing sites achieved zero waste to landfill certification since 2020

80%+

of direct spend covered by sustainability screening in 2023

People

76

engagement score and 74 inclusion score on our Pulse surveys in 2023, both above benchmark²

32%

global women executive population in 2023

50%

global executive diversity³ and 27% U.S. People of Color professionals⁴ population in 2023

50+

events held in 2023 by our six global Employee Resource Groups with a focus on inclusion and allyship

30%

decrease in recordable injuries compared with 2021

Communities

~12K

employee volunteer hours logged in 2023, exceeding our first-year volunteer program goal

$2.4M+

contributed to colleges and universities in 2023 in support of research, scholarships and educational programs

~200

participants trained in 2023 through the new United Nations World Food Programme Transport Training Centre, a collaboration among Carrier, other leading companies and the World Food Programme

¹Using Scope 2 market-based accounting.
²Scores represent the average of our three surveys for 2023. The benchmarks are global external benchmarks provided by Carrier’s third-party engagement survey provider.
³Global women and U.S. People of Color.
⁴Includes directors, managers and professionals.

Download the 2024 Sustainability and Impact Report

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

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2030 SUSTAINABILITY AND IMPACT GOALS

Our 2030 Sustainability and Impact goals underscore our commitment to the things that matter and to continuously challenge ourselves to think bigger and be better.

ROAD MAP TO NET ZERO

We’re transforming our business and taking aggressive action to address climate change and ensure net zero emissions from the development and operation of our products by 2050.

Carrier Corporate Responsibility, ESG Disclosures, Environmental, Social & Governance Report, Carrier ESG, ESG Report, Sustainable Operations

SUSTAINABILITY AND IMPACT DISCLOSURES

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