| www.utc.com |
|
| Share Price (3/15/07): | $64.40 |
| OVERVIEW: | |
| Market Value (3/15/07): | $64.1 BIL |
| Revenue (2006): | $47.8 BIL |
| Employees: | 214,500 |
| Return on Equity 2006: | 13.8% |
| HIP PRACTICES: | |
| Vision: | "Profit and Responsibility at same time" since 1990s; 20th largest manufacturer in the US. |
| Metrics: | Seeking reductions of 11% each in both GHG emissions and water use, even with expected growth of 8% per year. |
| Financials: | $100 million being invested in energy-conservation projects, but need to create more markets for sustainable goods. |
| Accountability: | CEO's serious commitment shows in personal review of sustainability report. And Board involvement -- accountable on Ethics, Environment and Finances. |
| Decision-Making: | Decentralized business units empowered to decide which choices are best; yet company requires environmental performance. |
| HIP OUTCOMES: | |
| Health: |
Low employee turnover, enhanced by company-paid education. Reduced rate of fatalities and lost-workday/injuries of staff by two-thirds. |
| Wealth: |
Education-friendly workplace boosts morale and skill sets; company pays 100% of tuition; 18,450 and counting graduated, or 8% of the global workforce. |
| Earth: |
Since 1997 reduced total annual energy consumption by 18 percent. We joined the Environmental Protection Agency (EPA) Climate Leaders program in 2003, voluntarily committing to reduce greenhouse gas emissions by 16 percent per dollar of revenue from 2001 to 2006 -- now achieved. Worldwide use of firm's products contributes 2% of the world's GHG -- but new jet engines 40% more efficient than last generation. |
| Equality: |
In 2005, purchased more than $610 million from minority- and women-owned businesses, of overall $16 billion on annual procurement. High executive pay relative to 2006 performance. |
| WHAT'S NEXT: | |
| Practices: | No questions on climate-change science; absolutely committed to leading reductions in emissions. |
| Outcomes: | Reductions in GHG beyond organic growth of 8% net an 11% savings annually. |
| OTHER RATINGS: | |
| KLD: Companies rated from negative (0) to positive (6) in seven areas. | Community: 4.0 Governance: 3.4 Diversity: 3.3 Employees: 4.4 Environment: 4.0 Human Rights: 2.2 Product: 1.7 Included in KLD Indices for: Global Climate 100 |
| Calvert Rating: Companies are rated on a scale of 1 (substantially below Calvert standards) to 5 (superior). | Environment: 4 Workplace: 3 Business Practices: 2 Human Rights: 1 Community Relations: 4 Included in Calvert funds: No |
| RESOURCES: | |
| Sustainability or CSR Report: | Corporate Responsibility |
| Annual Report: | 2005 Annual Report |
--Lisa LaMotta and R. Paul Herman
