FARMINGTON, Conn., March 18, 2016 /PRNewswire/ -- United Technologies Corp. (NYSE: UTX) has received a 2016 Climate Leadership Award from the U.S. Environmental Protection Agency (EPA).
UTC was recognized in the Excellence in Greenhouse Gas Management category for Goal Achievement in meeting its annual greenhouse gas emissions reduction targets. By the end of 2015, the company reduced its greenhouse gas emissions by approximately 930,000 metric tons compared to a 2006 baseline, or the equivalent of removing nearly 196,000 cars from the road for one year.
"Since 1997, UTC has tripled its revenues while reducing greenhouse gases 34 percent, demonstrating that sustainability works," said United Technologies Chief Sustainability Officer John Mandyck. "For more than three decades, we've taken a comprehensive approach to incorporate sustainability into our products, operations and culture. We're honored to receive this recognition, and proud to continue these efforts as outlined in our 2020 sustainability goals."
UTC's 2020 sustainability goals encompass business operations, products and suppliers. The 2020 sustainability goals target a further 25 percent reduction in water usage and a further 15 percent reduction in greenhouse gas emissions from current levels over the next five years. This places the company on a trajectory for an 80 percent reduction in greenhouse gas emissions by 2050, in line with United Nations targets.
In addition to reducing greenhouse gases in its operations, UTC is innovating with new sustainable products, such as its Geared Turbofan jet engine that sets a new benchmark with a 16 percent improvement in fuel efficiency.
"I am proud to distinguish United Technologies for its outstanding actions and dedication to reduce harmful carbon pollution that leads to climate change," said EPA Administrator Gina McCarthy. "United Technologies is leading the way towards a healthy environment, and demonstrates that meeting challenges of a changing climate can be done."
United Technologies Corp., based in Farmington, Connecticut, provides high-technology systems and services to the building and aerospace industries. To learn more about UTC, visit our website or follow us on Twitter: @UTC.