Johnson Controls Chairman and CEO George Oliver will demonstrate the company’s commitment to sustainability by participating in various activities during Climate Week NYC and World Green Building Week.
Oliver will join the World Economic Forum’s Agenda Dialogues on Sept. 20 at 6:30 a.m. Eastern Time to share his thoughts with a panel of business and public sector leaders. “Shaping an Equitable, Inclusive and Sustainable Recovery” is a virtual, interactive discussion with chief executives from the Forum’s global business community, senior government leaders, and the foremost experts to tackle the challenges of the pandemic and how to build back a more inclusive, cohesive and sustainable future.
Also, during Climate Week, Oliver will join a high-level event discussing clean energy and energy efficiency hosted by the Business Council for Sustainable Energy.
Business Roundtable Energy
Oliver, who also serves as chair of the Business Roundtable Energy and Environment Committee, will be interviewed as part of the webinar, “Check. We Have the Technologies and Tools. It is Time to Raise Climate Ambition” on Sept. 20 at 4 p.m. Eastern Time.
“I am very pleased that BCSE will bring corporate voices – including the CEO from Johnson Controls – to these events, to share how their solutions can advance us towards the goals of the Paris Agreement,” said BCSE President Lisa Jacobson, who is host and moderator of the event.
ambitious environmental goals
The company committed to achieving net zero carbon before 2040 and cut operational emissions by 55 percent
This panel will focus on how existing solutions can deliver near-term emissions reductions to help countries meet more ambitious targets, and what innovative solutions are in the pipeline. Details and registration link are found on the BCSE website.
In addition, Oliver is participating in a CEO Roundtable event on Sept. 21 with fellow leaders to discuss the bold actions needed to take to reach net zero.
Earlier, in January 2021, Johnson Controls adopted a new set of ambitious environmental goals, which were approved by the Science Based Targets Initiative. The company committed to achieving net zero carbon before 2040 and cut operational emissions by 55 percent and reduce customers' emissions by 16 percent before 2030. The company's and customers' emissions reduction will be driven by Johnson Controls' OpenBlue technologies and innovations which leverage big data and artificial intelligence to optimize buildings sustainability. The OpenBlue digital platform and services can drive 50 percent and more in improvement in energy efficiency and corresponding carbon emissions.
individual sustainability metrics
Reducing energy waste from buildings also saves money, so there is every reason to accelerate action"
Last week, Johnson Controls announced the issuance of its first $500 Million Sustainability-Linked Bond. The Sustainability-Linked Bond offering further solidifies Johnson Controls leadership in the use of sustainable finance instruments to support initiatives aimed at combatting climate change – now being the first S&P500 company to have floated the trifecta of sustainable instruments.
In December 2019, Johnson Controls became one of the first industrial companies to tie its senior revolving credit facilities to individual sustainability metrics in the U.S. syndicated loan market. In September 2020, it completed its inaugural green bond issuance in the form of $625 million in ten-year senior notes. This landmark issuance was not only one of the largest among industrial issuers in the U.S., but also made Johnson Controls one of the first industrial companies to issue a green bond in the U.S. dollar debt capital markets.
“2021 is a critical year for climate action. Science shows we need to move fast to avoid the worst impacts of climate change. Technologies already exist today that can put us solidly on the pathway to net zero by 2050. We know that decarbonization of buildings is part of the solution as buildings represent some 40% of global emissions. Reducing energy waste from buildings also saves money, so there is every reason to accelerate action and empower customers and future generations to consume less energy, conserve resources, and identify pathways to achieving healthy, net zero carbon buildings and communities,” Oliver said when he announced the company`s continued commitment to developing best in class climate solutions.
