Carrier Global Corporation (NYSE:CARR) shares are trading relatively flat on Thursday.
On Wednesday, Carrier announced the launch of its first Environmental Product Declaration for residential HVAC solutions in North America.
This milestone underscores the company's commitment to sustainability and transparency in environmental performance.
The EPD, based on rigorous life cycle assessment methodology, provides a detailed overview of the environmental impacts linked to the production, use, and disposal of Carrier's Comfort Fan Coil and Performance Variable-Speed Compact Heat Pump.
The declaration includes key metrics such as carbon dioxide emissions, energy consumption, and natural resource usage, offering critical insights into the environmental footprint of residential HVAC products.
Hakan Yilmaz, SVP and Chief Technology & Sustainability Officer at Carrier, emphasized that publishing the first residential EPD in North America represents a significant step forward in the company's sustainability journey.
“Transparency is key to empowering homeowners, contractors, and building professionals to make informed choices about the products they install," Yilmaz stated.
The EPD adheres to international standards, including ISO 14025, ensuring the credibility and reliability of the data.
This initiative is part of Carrier's broader strategy to invest $4 billion in intelligent climate and energy solutions, aiming to reduce environmental impacts and avoid over one gigaton of greenhouse gas emissions by 2030.
By providing detailed environmental data, Carrier empowers customers to make informed, environmentally-conscious choices in the HVAC market.
According to Benzinga Pro, CARR stock has gained over 13% in the past year. Investors can gain exposure to the stock via First Trust US Equity Opportunities ETF (NYSE:FPX).
Price Action: CARR shares are trading higher by 0.31% to $65.63 at last check Thursday.
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