Ethical Performance
inside intelligence for responsible business

UTC Integrates annual financial and corporate responsibility reporting


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United Technologies Corp., which provides high technology products and services to the global aerospace and building industries, has become the first of the 30 Dow Jones industrial companies to publish a fully integrated annual and corporate responsibility report.

Andrea Doane, director of corporate citizenship and community investment, said the U.S.-based company’s 2008 Annual Report reflects a belief that in future the practice of producing an integrated report ‘will be not only widespread, but expected from those who believe corporate responsibility and profitability are inseparable.’

The 2008 report shows UTC achieved 11 per cent reductions in both water use and greenhouse gas emissions since 1 Jan 2007, surpassing their 2010 water reduction goal two years ahead of schedule.  UTC will continue to 'aggressively identify and implement' further cuts.  Longer term, UTC reduced base energy use by 22 percent and water use by 50 per cent since 1997 while doubling its revenues.

The report, titled ‘More with less,’ also documents amendments that UTC made last year to its Code of Ethics, which now includes a policy on citizenship and human rights.  
The annual report is now available in print and online at

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