Carrier 2020 Environmental, Social & Governance (ESG) Report

Page 18

Table of Contents

Introduction

About Carrier

Innovating for a Sustainable World

Operations

Our People & Culture

Communities

Governance

ESG Indices

Research & Development We have a strong history of innovation across all our businesses. We are prioritizing solutions that address the challenges presented by the megatrends of urbanization, climate change and the food needs of our growing global population. Innovation in our product portfolio is a strong driver of continued growth because customers increasingly value energy efficiency, sustainability and digitally connected building systems.

Our engineering team is focused on key strategic themes aligned with Carrier’s growth strategy: sustainability, service and digital solutions, all in support of addressing global megatrends, expanding our current markets and growing in adjacent ones. We have close engagement with local, regional and global innovation ecosystems, so we are aware of and are participating in early-stage innovation with startups, universities, innovation hubs and thought leaders.

Since 2014, we have grown our engineering team globally 20% to

~3,600

engineers.

We hold

~7,000 active patents and pending patent applications worldwide combined and in the last two years have invested over

$800M in the development of new products and services.

Carrier 2020 Environmental, Social & Governance Report | 18


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