Today, Carrier released its 2024 Sustainability and Impact Report, which highlights the company’s progress and commitments on its journey to becoming the global leader in intelligent climate and energy solutions. Our world is rapidly changing, and Carrier has made significant strides in the past year to transform into a higher-growth, focused, pure-play company.

 

“We have both an obligation and an opportunity to shape our world and create a better future for generations to come,” said David Gitlin, Carrier Chairman and CEO. “Our 2024 Sustainability and Impact Report highlights the great progress we have made against our bold goals.”

 

Carrier’s 2024 report demonstrates the significant progress made in areas critical to the company’s portfolio transformation’s success:

 

 

“With the acquisition of Viessmann Climate Solutions, we now clearly offer a comprehensive and differentiated suite of sustainable climate technologies and services,” Gitlin continued. “This uniquely positions us to play a critical role in addressing our customers’ sustainability goals.”

 

Powerful secular trends are changing the world’s energy requirements. Carrier’s innovative initiatives, including the transition to heat pumps and electrification of the cold chain, are just a few of the many examples of how Carrier is looking to the future to provide responsible solutions for its customers of today, and tomorrow.

 

Climate change will increase global energy consumption as more people turn to HVAC systems for relief. Carrier is investing more than $4 billion by 2030 to develop intelligent climate and energy solutions that will reduce environmental impacts. The company has also set ambitious greenhouse gas emission reduction goals that have been validated by the Science Based Targets initiative, including a target to reach net-zero greenhouse gas emissions by 2050.

 

 

Sustainable innovation and technological differentiation form a core pillar of Carrier’s research and development strategy. Carrier has aligned its ambitious net-zero goal to its business growth objectives. Since 2020, it has invested approximately $1 billion of its $4 billion commitment in sustainable research and development. Carrier is creating responsive, connected environments that lay the foundation for systems to sense, think and act with unparalleled intelligence. Carrier’s leading solutions are designed to meet some of the most complex climate and energy challenges in the world.

 

One way Carrier is driving exponential innovation is through its innovation incubators. In 2023, Carrier opened four new innovation incubator i3 Labs in the United States, India, China and Japan, enabling teams to develop disruptive sustainable technologies to advance the company’s goals.

 

 

Carrier is achieving its goals because of the dedication and talent of its people. The company strives to be a catalyst for positive and sustainable change by inspiring and empowering its people to innovate and always operate with integrity. That is The Carrier Way.

 

Carrier’s unwavering commitment to its values and culture of excellence continues to yield significant results both inside and outside the company. In 2023, Carrier’s engagement and inclusion scores exceeded benchmark, it continued to make progress on its journey to have a workforce that reflects the communities in which its people live and work, and the company invested more than $10 million in charitable giving and matching gifts. Operating as one Carrier, the company has achieved meaningful outcomes that matter to people, communities and the planet.

 

Carrier’s 2024 Sustainability and Impact Report provides a deeper dive into the company’s plans, progress and exciting path forward. Carrier is leading its industry by driving measurable results toward a sustainable future, which means a better tomorrow for generations to come.