Sustainability goals beat financial performance, according to a new Honeywell survey

October 26, 2022, 9:57 AM UTC
Updated October 26, 2022, 7:16 PM UTC
Darius Adamczyk, chief executive officer of Honeywell International Inc.
Darius Adamczyk, chief executive officer of Honeywell, during an interview in New York, Nov. 16, 2017.
Christopher Goodney—Bloomberg/Getty Images

Good morning.

I continue to fail in my effort to find companies backing off of their ESG commitments. Despite predictions of pending recession and despite political pushback, big companies continue to focus on ways to improve their social and environmental impact.

“I found it to be almost remarkable,” said Honeywell CEO Darius Adamczyk, whose company last week published a new index designed to track sustainability actions by companies. “Attaining sustainability goals came out ahead of financial performance as a concern for North American companies.”

I asked Adamczyk whether he thought that could be true—that companies are focusing more on sustainability than on financial performance. “I can only believe what the data tell us,” he said. “This shows how important this has become in everybody’s agendas. I don’t see that changing.”

The Honeywell survey also showed that while companies feel good about the progress they have made in the past 12 months, “they feel less optimistic about the next 12 months.” That may reflect concerns, Adamczyk said, about whether the technology yet exists to make the next great leap in the energy transformation.

You can learn more about the Honeywell index here.

Also this morning, on this week’s episode of Leadership Next, we bring you some of the best interviews from the recent Fortune Most Powerful Women Summit. Among the gems was this from recently appointed TIAA CEO Thasunda Brown Duckett:

“When I think about the last 18 months, you know, I like to say I’m jealous of me. And I’m jealous of me because I get to surround myself with incredible people. I’m jealous of me because over the last 18 months, I got to get really clear on who we are and what we’re here to do. We exist to secure retirement for millions of Americans. And when you think about the problem that still has to be solved, that 40% of Americans will run out of money in retirement—especially when you think about the economy, which I know we’ll get to—I’m jealous of me because I get to be at the table, I get to make impact. And when I think about the headwinds, I feel like, challenge accepted, because if not me, then who? And the opportunity to drive this company forward on a transformational agenda, the opportunity to make positive impact, just aligns with who I am.“

You can listen to the full episode on Apple or Spotify. Other news below. And don’t miss Fortune’s new list of the fastest growing companies, here.


Alan Murray
@alansmurray

alan.murray@fortune.com

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This edition of CEO Daily was edited by David Meyer.

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