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L3Harris in Top 5% of ESG Leaders for 3 Consecutive Yrs of Improvement

L3Harris in Top 5% of ESG Leaders for 3 Consecutive Yrs of Improvement

L3Harris Technologies (NYSE:LHX) has been rated among the top five percent of aerospace and defense companies worldwide for their key environmental, social and governance (ESG) efforts for 2022.

The newest rating for L3Harris, determined by Morningstar | Sustainalytics (a leading and independent ESG rating firm), ranks the company’s ESG efforts ahead of nearly all its industry peers and this marks three consecutive years of improvement and progress toward achieving its 2026 sustainability goals

In 2019, L3Harris committed to reduce greenhouse gas emissions by 30 percent, reduce water use by 20 percent and increase waste diversion by 75 percent by 2026. To date this year, L3Harris has met or exceeded its key environmental targets, including reducing greenhouse gas emissions by 63,000 metric tons, reducing water use by 15 million gallons, increasing waste diversion by 783 tons and generating 195,000 megawatts of solar energy capacity through a virtual power purchase agreement.

L3Harris began using Sustainalytics in 2020 as a marker for continuous ESG improvement. Its 2022 ESG risk rating score represents a 20 percent improvement from 2021 and nearly 40 percent improvement overall since 2020

Committed corporate governance provides the foundation and maintains the course for our ESG journey,” said Christopher E. Kubasik, Chair and CEO, L3Harris. “The new additions to our board of directors over the past year bring expanded leadership and diversity crucial for our success and continued progress.”

We are bound to the idea that creating sustainable value for all isn’t just important for our company, but for our world,” said Byron Green, Vice President of Global Operations, L3Harris. “Whether it’s investing in solar, providing social impact grants or hosting a virtual conference on diversity, equity and inclusion, our everyday actions demonstrate meaningful, tangible commitment.