Better Health for All

Carrier's core products and services demonstrate a significant positive health impact, with health impact central to its business strategy. The company's Healthy Buildings and Healthy Homes programs, launched in 2020, provide solutions like advanced ventilation, filtration systems, air purifiers, humidifiers, and fire safety devices to enhance indoor air quality and safety, reducing health risks such as respiratory issues and allergic reactions.

Products like the OptiClean™ Dual-Mode Air Scrubber & Negative Air Machine utilize 99.97% efficient HEPA filters to remove contaminants. Carrier also introduced a Healthy, Safe, Sustainable Cold Chain Program in 2020 to protect the global supply of food, medicine, and vaccines. The company has no reported revenue from products with negative health outcomes. All health-related initiatives are preventative, focusing on disease prevention and health promotion. Carrier has shown significant contributions during public health emergencies, including pledging over $2.5 million in air purifiers for wildfire relief in Los Angeles in 2025 and launching programs in response to the pandemic. The company also engages in health education, collaborating with Procter & Gamble to educate consumers on healthier indoor environments and with the International WELL Building Institute to advance health-focused building standards. No significant health externalities from operations are evidenced. The company's operations do not involve pharmaceutical patents, food production, addiction-prone products, or clinical trials.

Fair Money & Economic Opportunity

The provided articles do not contain any specific, concrete data points related to Carrier Global Corporation's activities in lending, insuring, moving, or storing money, which are the focus of the 'Fair Money & Economic Opportunity' ethical value. The articles describe community support initiatives, such as retrofitting homes with heat pumps

and supporting food banks , and internal diversity and inclusion efforts . However, these activities do not provide evidence for the financial metrics required by the rubric's Key Performance Indicators. Therefore, all KPIs for this value must be omitted due to a lack of relevant evidence in the provided articles.

Fair Pay & Worker Respect

Carrier Global Corporation reported a CEO pay ratio of 1,289:1 in 2024.

Approximately 50% of its global employees are covered by more than 40 collective bargaining agreements. The company's Total Recordable Incident Rate (TRIR) was 0.32 in 2024, and its Lost-Time Incident Rate (LTIR) was 0.15. The employee engagement score was 77 in 2024, and the voluntary employee turnover rate was 9.6% in 2024. In the past three years, one minor workplace safety or health violation was recorded in 2022, resulting in a $7,500 penalty.

Fair Trade & Ethical Sourcing

Carrier Global Corporation has established policies and programs related to ethical sourcing and supply chain transparency. The company's 2023 Conflict Minerals Report details due diligence measures for 3TG minerals, including a preference for conflict-free smelters and participation in the Responsible Minerals Initiative.

Carrier also has a Supplier Code of Conduct that outlines expectations regarding child labor and human trafficking, supported by on-site inspections. A supplier sustainability program launched in 2020 assessed 80% of direct factory spend against sustainability criteria by January 2022. However, the provided articles do not contain specific, quantifiable data points such as the percentage of spend covered by fair-trade certifications, the frequency of supplier audits, the number of substantiated labor incidents, the extent of multi-tier traceability, the remediation speed for violations, the percentage of contracts with enforceable ethical clauses, the precise share of spend on high-risk materials, or the percentage of procurement budget directed to diverse suppliers. Consequently, no scores can be assigned based on the available evidence.

Honest & Fair Business

Carrier Global Corporation incurred a $615 million penalty in 2024 related to a PFAS violation.

The company had one financial restatement in the past five years, rebaselining and restating 2022 data in 2023 to align its business portfolio. Carrier maintains a comprehensive anti-corruption policy that prohibits corrupt payments, requires accurate record-keeping, and is FCPA compliant. This policy includes annual ethics and compliance training for all employees, annual written representation from directors and officers, periodic internal audits, independent auditor review, and due diligence for third-party vendors and acquisition targets. The policy is reviewed biennially and applies to joint ventures. Carrier also has a comprehensive whistleblower policy and a "Speak Up" program that encourages anonymous reporting and provides protections for whistleblowers.

Kind to Animals

No evidence was found in the provided articles to assess Carrier Global Corporation against any of the 'Kind to Animals' KPIs. The company's business model primarily involves HVAC, refrigeration, fire, security, and building automation technologies, which do not typically involve animal testing, animal-derived ingredients, or animal agriculture. While the company engages in habitat restoration and wildlife conservation projects, the articles do not provide specific, measurable biodiversity impacts or species recovery metrics required by the rubric to score the 'wildlife_conservation_impact' KPI. The information provided details actions taken, such as planting mangroves

and committing funds, but lacks the quantitative outcomes on species or biodiversity indices needed for scoring.

No War, No Weapons

Carrier has no documented evidence of engaging in or advocating for disarmament or peace-building initiatives.

The company also lacks a formal conflict-zone divestment policy and explicit board-level oversight of defense-related activities. Carrier has engaged in minor contracts with the U.S. Department of Defense, including a $39,500 contract in 2024 and a $32,400 contract in 2022. These contracts represent an extremely small fraction (<0.001%) of its annual revenue ($22.5 billion in 2024 , $20.4 billion in 2022 ) and are for maintenance/support services. For conflict minerals, 61% of unique facilities identified by the Responsible Minerals Initiative (RMI) were RMAP Conformant (conflict-free) in 2024. The company's products, such as HVAC systems and air scrubbers, are primarily designed for civilian use, with no evidence of R&D investment in dual-use technologies for military applications. There is no information regarding sales to embargoed regimes.

Planet-Friendly Business

Carrier plans to achieve net-zero greenhouse gas emissions across its value chain by 2050.

The company aligns with the Science Based Targets initiative (SBTi) to limit global warming to 1.5°C, with goals to reduce Scope 1 and 2 emissions by 42% and Scope 3 emissions by 25% by 2030 from a 2021 baseline. In March 2025, Carrier unveiled its first Environmental Product Declaration for residential HVAC systems in North America, covering two specific products.

Respect for Cultures & Communities

No specific, quantitative evidence was found in the provided articles that directly maps to the defined Key Performance Indicators for 'Respect for Cultures & Communities'. The articles mention general commitments to diversity, equity, and inclusion

, 2, employee volunteerism , environmental projects , 3, and donations to housing initiatives , 5, but lack the specific data points required by the rubric, such as percentages of revenue reinvested, numbers of formal partnerships with indigenous groups, or details on cultural impact assessments. Carrier has donated over $1.5 million in cash and products to Habitat for Humanity . Carrier has committed $3 million to support climate change projects and habitat restoration worldwide since 2020 . Carrier employees planted 500 trees in Hyderabad, India . The absence of reported incidents or protocols is not considered evidence for scoring, as per the omission rules.

Safe & Smart Tech

Carrier Global Corporation has established a comprehensive Product Cybersecurity Program

and a Global Product Cybersecurity Program , both aimed at ensuring its products and services are 'Secure by Design.' This approach emphasizes standards-based cybersecurity governance and persistent vigilance. The company's Code of Ethics prioritizes personal data protection . Furthermore, Carrier demonstrates active engagement in ethical technology standards by being a founding member of the ISA Global Cybersecurity Alliance and serving as a CVE Numbering Authority . Its Technology & Innovation Committee also monitors technology risks and oversees cybersecurity .

Zero Waste & Sustainable Products

Carrier has implemented waste reduction initiatives, leading to seven of its global locations achieving zero waste to landfill certification.

These certified sites include its headquarters in Palm Beach Gardens (April 2023) , the Charlotte Manufacturing Facility (February 2023) , the Charlotte chiller factory (February 2023) , and the Indianapolis Manufacturing Site (2021). The Charlotte chiller factory's certification specifically involved 100% landfill diversion through recycling, reuse, and energy recovery. Furthermore, Carrier has set a company-wide ESG goal to achieve zero waste to landfill by 2030.