Conglomerate
Operates in four main business areas: aerospace, building technologies, performance materials and technologies, and safety and productivity solutions.
Company Assessment
(Last updated Oct 2024)
Praise
Criticism
Information
Honeywell International Inc
Praise
Criticism
Information
CDP Climate Change score of B
In 2023, the Carbon Disclosure Project (CDP) asked companies to provide data about their efforts to reduce greenhouse gas emissions and mitigate climate change risk. Responding companies are scored across four key areas: disclosure; awareness; management; and leadership. This company received a CDP Climate Change score of B.
Source: CDP
(2023)
68/100 in Newsweek rankings
America's Most Responsible Companies 2022 by Newsweek and Statista recognises the Top 500 most responsible companies in the United States. Companies were evaluated in three areas: environmental (waste, energy use, etc.), social (leadership diversity, employees and philanthropy) and governance (transparency and economic performance). This company received a total score of 68/100, ranking 38th in the Technology Hardware sector, and 383rd overall.
Source: Newsweek
(2021)
3/18 in Net Zero scorecard
As You Sow's 2022 report, 'Road to Zero Emissions', assessed the progress of 55 of the largest U.S. corporations in reducing greenhouse gas (GHG) emissions in line with the Paris Agreement's objective of limiting global average temperature rise to 1.5 degrees Celsius above pre-industrial levels, which requires achieving "net zero" emissions by 2050. Companies are graded on: climate related disclosures; GHG reduction targets, and GHG reductions. This company received an Overall Net Zero grade of F.
Source: As You Sow
(2022)
F grade in Plastic Promises Scorecard
As You Sow's 2024 Plastic Promises Scorecard measures the corporate ambition and action of 225 large companies across six industries on six core pillars of plastic packaging pollution prevention: 1) Recyclability, 2) Reduction, 3) Recycled Content, 4) Recovery, 5) Reuse, and 6) Producer Responsibility. This company received a grade of F.
Source: As You Sow
(2024)
Arms sales
This company is 18th on SIPRI's list of the Top 100 arms-producing and military services companies in the world (excluding Chinese companies), ranked by their arms sales in 2020. Arms sales accounted for 18% of this company's total sales in 2020.
Source: SIPRI
(2020)
Involvement with Burma
This company appears on Burma Campaign UK's 'Dirty List' of companies assisting the Burmese military to continue to commit human rights violations and environmental destruction. Honeywell is an American conglomerate. Its aerospace division has a longstanding business relationship with Indian aerospace company Hindustan Aeronautic Ltd (HAL), including a contract with them that enables HAL to manufacture Honeywell engines. HAL is manufacturing a new training aircraft, the Hindustan Turbo Trainer-40 (HTT-40). The HTT-40 is powered by a Honeywell Garett TPE331-12B single-shaft turboprop engine. HAL plans to sell a weaponised version of the aircraft to the Burmese military, which uses aircraft to indiscriminately target civilians.
Source: Burma Campaign UK
(2022)
Nuclear weapons producer
The 2018 update of the International Campaign to Abolish Nuclear Weapons' (ICAN) global report, "Don't Bank on the Bomb" showed that 329 financial institutions from around the world invested US$525 billion into 20 companies involved in the production, maintenance and modernization of nuclear weapons since January 2014. This company was named as a major producer of nuclear weapons.
Source: ICAN
(2018)
42.8% in conflict minerals rankings
As You Sow's 2019 report, Mining the Disclosures, is a deep analysis of 215 companies' human rights performance in relation to sourcing conflict minerals from the Democratic Republic of the Congo (DRC). This company's score was 42.8% (Minimal).
Source: As You Sow
(2019)
5.5/20 in Social Benchmark
The 2024 Social Benchmark assesses the world's 2,000 most influential companies on their responsibility in meeting society's fundamental expectations towards three measurement areas: respecting human rights, providing decent work, and acting ethically. This company was assessed in 2023 and received a score of 5.5/20. The average score was an alarmingly low 4.6/20 and the highest score was 15.5/20.
CEO Pay Ratio of 326:1
In 2022 the median pay for a worker at this company was US$78,095. The CEO was paid 326 times this amount. Exorbitant CEO pay is a major contributor to rising inequality. CEOs are getting more because of their power to set pay, not because they are increasing productivity or possess specific, high-demand skills. The economy would suffer no harm if CEOs were paid less (or taxed more). In contrast, the CEO-to-typical-worker compensation ratio was 20-to-1 in 1965 and 58-to-1 in 1989.
Source: AFL-CIO
(2023)
32/100 S&P Global ESG Score
This company received an S&P Global ESG Score of 32/100 in the Industrial Conglomerates category of the S&P Global Corporate Sustainability Assessment, an annual evaluation of companies' sustainability practices (last updated 18 Nov 2022). The rankings are based on an analysis of corporate economic, environmental and social performance, assessing issues such as corporate governance, risk management, environmental reporting, climate strategy, human rights and labour practices.
Source: S&P Global
(2022)
Political donations
This company is on OpenSecrets.org's list of "Top Donors", a list of the 100 biggest givers in US federal-level politics since 1990. Companies on this list lobby and spend big, with large sums sent to candidates, parties and leadership PACs. This company comes in at number 77 on the list, with contributions totalling $52,528,749 between 1990 and 2024.
Source: Open Secrets
(2024)
Prison labour in USA
Major corporations, including this one, use prison labour in the USA, where prisoners are paid slave wages as low as 23 cents an hour doing work which is often dangerous, toxic and unprotected. While much of the work done by prisoners is for the military, other major corporations are taking advantage of the cheap labour in both federal and state US prisons.
Source: Global Research
(2013)
Fines for misconduct
This company is listed on the Federal Contractor Misconduct Database as having 41 instances of misconduct since 1995 amounting to US$703 million in penalties.
Excessive CEO pay
As You Sow's 2023 report, 'The 100 Most Overpaid CEOs', reveals the 100 most overpaid CEOs from USA's 500 largest public companies (as determined by the S&P 500 list). This company's CEO, Darius Adamczyk came in at number 31 on the list, having been paid US$26,100,120 in 2022. According to the report, "Most CEOs have come to be grossly overpaid, and that overpayment is harmful to the companies, the shareholders, the customers, the other employees, the economy, and society as a whole."
Source: As You Sow
(2023)
Responsible Minerals Initiative member
This company is a member of the Responsible Minerals Initiative (formerly the Conflict-Free Sourcing Initiative), which helps companies address conflict minerals issues in their supply chains. The RMI provides information on conflict-free smelters and refiners, common tools to gather sourcing information, and forums for exchanging best practices on addressing conflict minerals. Membership is open to companies that use or transact in tantalum, tin, tungsten or gold (3TG). Founded in 2008 by members of the Electronic Industry Citizenship Coalition and the Global e-Sustainability Initiative.
Source: RMI
(2019)
JUST Capital ranking
JUST Capital polls Americans every year to identify the issues that matter most in defining just business behaviour. For their 2024 rankings the public identified 20 issues, which are organised under the headings Workers, Communities, Customers, Shareholders and Environment. JUST Capital then define metrics that map to those issues and track and analyse the largest, publicly traded U.S. companies. This analysis powers their rankings, in which this company ranked 295th of 937 companies, and 13th of 51 Industrial Goods companies.
Source: JUST Capital
(2024)
Company Details
Type:
Public company
Founded:
1906
Revenue:
99,000
(2021)
Employees:
34.4 billion USD
(2021)
Subsidiaries:
Honeywell Safety Products
Safety equipment
Bought by Honeywell in 2011.
Oliver Footwear Pty Ltd
Boot makers
Founded in Ballarat in 1887. Oliver is part of the KSW Group, the third largest branded safety footwear company in the world. KSW was bought by Honeywell in 2011.
Contact Details
Products / Brands
Honeywell Safety
Kings
Work Boots
Oliver
Work Boots