United Technologies Corp. became the first of the 30 members of the Dow Jones Industrial Average to publish a fully integrated annual and corporate responsibility report, the company announced.
UTC’s 2008 financial and corporate responsibility performance, titled "More with less," assesses the company’s goals and targets for environmental sustainability, human rights and corporate ethics.
The report reflects the company’s belief that corporate responsibility and profitability go hand in hand, said Andrea Doane, director of corporate citizenship and community investment, explaining why the company merged its financial reporting with its CSR evaluation.
"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."
As of Dec. 31, 2008, UTC achieved 11 percent reductions in water use and carbon emissions, surpassing the water goal two years ahead of schedule. UTC has reduced base energy use by 22 percent and water use by 50 percent since 1997, the company reported.
On the corporate philanthropy front, the Hartford, Connecticut based company recently donated $17,000 in grants for area high school students to participate in a regional robotics competition. In 1999, UTC established the Connecticut Regional FIRST Robotics Competition, to which it has contributed $3 million since 1995.
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.