Carrier Global Creates New Corporate Venture Group for Sustainable Innovation
In February 2022, Carrier Global Corporation (Carrier) announced the creation of its new global venture capital group, Carrier Ventures. The group is focused on investing in opportunities that will accelerate the development of sustainable innovations. This creation is integral to the company’s mission and target goal of reducing carbon footprints by over one gigaton by 2030. The company announced its first two investments: AddVolt, a low-maintenance plug-in electric system that reduces major emissions and avoids fuel usage; and OhmConnect, a free rewards service that grants users rewards for saving energy when demand on the electric grid is high.
Balance Sheet|New Activity|ESGIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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