Social

Social responsibility at UTC begins with a commitment to the personal development of our employees, and extends to improving quality of life in their neighborhoods. Well-educated employees are able to give back to their hometowns, generating returns for society as a whole.

Employee Scholar Program
UTC believes, that while we cannot guarantee a job forever, we can ensure a future for all of our employees. This is why UTC supports lifelong learning for our employees.
   Our goal is the best-educated work force on the planet. We invest strongly in our employees’ personal and professional development. Since 1996 we have spent $462 million on the Employee Scholar Program (ESP) to encourage our employees to develop additional skills and engage in lifelong learning. ESP participants receive stock awards after completing degree programs. Since the program’s inception, there have been 15,831 ESP graduates. There are currently 13,456 participants. Of current participants, 29 percent come from our hourly work force. More than 40 percent of current participants are seeking advanced degrees.

Grant Making
We support community activities and employee involvement wherever our people work and live. Our contributions of employee talent and financial resources strengthen our communities. Our financial contributions to nonprofit organizations around the world total more than $16 million annually.
   In Greater Hartford, Connecticut, the hometown of our corporate headquarters, our grants support three areas of focus: arts and culture; math and science education; and environmental sustainability. In 2004 our United Way campaign raised $7.45 million for the United Way of the Capital Area, which represents 28 percent of the Hartford-area total.
    Over the last 20 years, UTC and its employees have contributed more than $1.7 million to the United Arts Campaign to support the arts in Hartford. In 2004 UTC sponsored the New England premiere of the musical Crowns, an exuberant celebration of African-American women, at the Hartford Stage and “None of the Above: Contemporary Work by Puerto Rican Artists” at Real Art Ways, a contemporary art space in Hartford. UTC is also a major donor to the Hartford Symphony Orchestra, the Connecticut Opera and the Bushnell Center for the Performing Arts.

Arts and Culture
In 2005 UTC will celebrate a quarter century of arts and culture sponsorship on a national and international level. We have supported organizations ranging from The Metropolitan Museum of Art to the Detroit Symphony and Carnegie Hall
Some of the highlights include:
An unprecedented exhibition of works by the Dutch artist Johannes Vermeer at the National Gallery of Art in Washington, D.C.
Sponsorship of “A Spiritual Resonance: The Vernacular Dwellings of China” at the National Museum of Chinese History, a
  first-of-its-kind exhibit which documented outstand- ing examples of rapidly disappearing traditional homes.
Sponsorship of “Crossing the Channel: French and British Painting in the Age of Romanticism” at The Metropolitan
  Museum of Art.

   Our year of celebration will culminate in October 2005 with UTC’s sponsorship of “Vincent van Gogh: The Drawings” at The Metropolitan Museum of Art.
   The Business Committee for the Arts recognized our long-term commitment to the arts by presenting UTC with its 2004 Commitment Award. The award recognizes UTC’s contributions since 1993 of more than $15 million to support the arts.

Environmental Sustainability
In 2004 UTC launched Sustainable Cities, an initiative dedicated to promoting the use of green building practices and environmental sustainability in urban centers. We awarded $350,000 in grants to national and Connecticut programs and plan to increase that to $500,000 in 2005.

Matching Gift Program
UTC joins employees in supporting their commitment to improving the community through the UTC Matching Gift Program.
   The program offers a way for employees to double their contributions to some of their favorite nonprofit educational, cultural and environmental organizations. In 2004 employees contributed more than $1 million to nonprofit groups through the Matching Gift Program. UTC matched these gifts with another $1 million.


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