New Carbon Management Information Solution provides guidance to Australian companies

BRISBANE, Australia, Oct 6, 2009 – Honeywell (NYSE:HON) is helping Australian process manufactures to more easily understand their obligations under the National Greenhouse and Energy Reporting Act (NGER) with the launch of its Carbon Management Information Solution. With the next round of reporting due to the government on 31 October, 2009, Honeywell is aiding in the reduction of the multimillion dollar risk that many companies may face if they inaccurately report, or fail to meet their obligations under the NGER Act.

The NGER is the national framework for reporting greenhouse gas emissions, energy consumption and production by corporations. With recent changes in legislation, an industry report[1] found that while there is an awareness of the Act, there is also confusion around compliance requirements; resulting in many companies not ready to report their energy and carbon emissions for the deadline.

Honeywell is working with its customers to integrate multiple data sources into one unified and validated dataset, quickly making this data available for customer’s to meet their NGER reporting requirements and for support of their business improvement initiatives. By implementing a single emissions and energy data management program, process manufacturers have a single version of the emissions data making reporting easier by improving the visibility, accuracy, and audibility of their carbon and emissions information.

"While many organisations may have corporate teams leading programs to ensure they are accurately reporting both their business results and energy usage, individual company sites carry the risk because the underlying processes are not sufficiently robust to ensure compliance”, said Paul King, Asia Pacific power market leader, Honeywell Process Solutions. “We have seen many companies link together multiple and adhoc spreadsheets at the core of their reporting process. This can lead to errors and misrepresentation of the data which expose a company to significant financial risk. Process manufacturers need a repeatable, auditable process that provides a timely carbon cost reporting function on a monthly basis in just the same way other key financial data is required."

Honeywell’s Carbon Management Information Solution enables companies to tap into bigger picture thinking by calculating carbon and energy data and incorporating this data into other reporting systems such as production management, SAP and Oracle.  This enables a single reporting system that will keep all stakeholders informed in a timely fashion. In the future, carbon cost integrity will be covered by changes to Australian Accounting standards.

"By monitoring carbon and energy key performance indicators as part of everyday business activity, companies can assess the impact of changing productivity levels on carbon levels and understand how this affects their carbon position. We are empowering organisations to understand their situation which will result in more efficient business decision making," continued King.

For more information about Carbon Management Information Solution and other Honeywell solutions that improve business performance, visit www.honeywell.com.au/ps.   

Honeywell International (www.honeywell.com) is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; and specialty materials. Based in Morris Township, N.J., Honeywell’s shares are traded on the New York, London, and Chicago Stock Exchanges.  For more news and information on Honeywell, please visit www.honeywellnow.com. Honeywell Process Solutions is part of Honeywell’s Automation and Control Solutions group, a global leader in providing product and service solutions that improve efficiency and profitability, support regulatory compliance, and maintain safe, comfortable environments in homes, buildings and industry. For more information about Process Solutions, access www.honeywell.com/ps.

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