Climate Change and Greenhouse Gas Emissions
Climate change and the effect of greenhouse gas emissions are important issues that have gained worldwide attention. Raytheon recognizes these pressing issues and is taking steps to reduce its greenhouse gas emissions. In 2002, Raytheon became a charter member of the Climate Leaders program created by the U.S. Environmental Protection Agency (EPA). Climate Leaders is a voluntary industry/government initiative that requires participating companies to set long-term greenhouse gas emission reduction goals, develop reduction strategies and annually report on their greenhouse gas emissions. Raytheon set an aggressive long-term goal to reduce greenhouse gas emissions by 33 percent from 2002 to 2009, normalized by revenue and adjusted for inflation.Raytheon achieved its seven-year greenhouse gas reduction goal one year ahead of schedule. By the end of 2008, the company had exceeded the original 33 percent goal by reducing its emissions 38 percent, normalized by revenue and adjusted for inflation. The company is proud of this significant accomplishment. Our emissions dropped from 50,073 metric tons of carbon dioxide equivalent (CO2e) emissions per billion dollars of revenue in 2002 to 30,997 metric tons per billion dollars of revenue in 2008. This reduction equates to 275,000 metric tons of greenhouse gas emissions avoided cumulatively between 2002 and 2008, which is equivalent to the emissions from the electricity use of 36,400 homes for a year. In 2008, Raytheon's total U.S. greenhouse gas emissions were 610,018 metric tons of CO2 equivalents.
Raytheon is committed to further reducing its carbon footprint and is working with the EPA to set a new long-term greenhouse gas emission reduction goal.
