HARTFORD, Conn., Feb. 25, 2009 – United Technologies Corp. (NYSE: UTX) has become the first among the 30 members of the Dow Jones Industrial Average to publish a fully integrated annual and corporate responsibility report.
UTC Annual Report: 2008 Financial and Corporate Responsibility Performance , titled “More with less,” is now available in print and online at www.UTC.com.
“UTC’s 2008 Annual Report reflects the belief that corporate responsibility and profitability go hand in hand,” said Andrea Doane, director, corporate citizenship and community investment. “For UTC, the evolution to one report is natural, but we believe firmly in the years to come the practice of just one report will be not only widespread, but expected from those who believe corporate responsibility and profitability are inseparable.“
2008 Environmental Highlights:
UTC’s current and most ambitious EH&S goals were launched on Jan. 1, 2007. These targets include a 10 percent water reduction and a 12 percent greenhouse gas reduction by Dec. 31, 2010. As of Dec. 31, 2008, UTC achieved 11 percent reductions on both metrics, surpassing the water goal two years ahead of schedule. UTC will continue to aggressively identify and implement further reductions. Longer term, UTC reduced base energy use by 22 percent and water use by 50 percent since 1997 while doubling its revenues.
2008 Social Highlights:
In 2008, UTC’s Code of Ethics was amended to include a policy on citizenship and human rights to reaffirm UTC’s commitment to corporate responsibility.
United Technologies, based in Hartford, Conn., is a diversified company providing high technology products and services to the global aerospace and building industries. UTC’s products include Pratt & Whitney aircraft engines, Sikorsky helicopters, Carrier heating air conditioning and refrigeration, Hamilton Sundstrand aerospace systems and industrial products, Otis elevators and escalators, UTC Fire & Security systems and UTC Power fuel cells. Barron's magazine ranked UTC in the top quartile of its 2009 "World's Most Respected Companies" listing. Since 2005, UTC has been on the list of Global 100 Most Sustainable Corporations in the World and has been on the Dow Jones Sustainability Indexes every year since the indexes began in 1999.
Click here to view the 2008 Annual Report.