Teva Collaborates with Honeywell to Cut Energy Consumption and Carbon Emissions at Hungary Facility

Teva Pharmaceutical Industries Ltd., a leading generic pharmaceutical company, has recently announced its partnership with Honeywell to implement energy-saving measures and decrease carbon emissions at its manufacturing facility in Debrecen, Hungary. Teva will leverage Honeywell’s innovative ‘Energy as a Service’ (EaaS) model, enabling the deployment of energy improvement upgrades without a significant capital investment. The initiative aligns with Teva’s commitment to environmental, social, and governance (ESG) goals, reinforcing its dedication to minimizing its impact on the environment.

Under the EaaS contract, Honeywell will establish a three-year energy performance baseline for the Debrecen facility and identify the building assets contributing to its energy consumption. Utilizing Honeywell Forge Sustainability+ for Buildings | Carbon and Energy Management solutions, alongside submetering tools, Honeywell will continuously collect energy usage data at the device and asset level. Leveraging this data, Honeywell will collaborate with Teva to develop a comprehensive plan to reduce energy consumption while maintaining optimal occupant comfort.

“Reducing our carbon impact is not just a commitment, it’s a responsibility,” stated Gary Baker, General Manager of Teva Active Pharmaceutical Ingredients, Hungary. “Environmental sustainability holds a prominent place on Teva’s agenda, and our recently launched 2022 ESG Progress Report highlights our strategic approach and priority in minimizing our environmental footprint. By already achieving a 24% reduction in absolute scope 1 and 2 greenhouse gas emissions compared to 2019, we are ahead of schedule to meet our 2025 target of a 25% reduction. Additionally, we have reduced absolute scope 3 GHG emissions by 12% compared to 2020. This collaboration with Honeywell will further support our efforts to minimize our environmental impact.”

Amidst growing concerns about energy management, the importance of implementing effective strategies cannot be understated. Commercial buildings and construction account for a significant portion of global energy- and process-related carbon dioxide emissions, contributing to over 34% of global energy demand in 2011.

Evangelos Alepochoritis, European leader for energy and sustainability at Honeywell, highlighted the significance of Honeywell’s EaaS model, saying, “Despite the prioritization of sustainability efforts, managing costs is often a factor. Using an EaaS model, companies now have the opportunity to make significant energy improvement updates without significant capital outlay, meaning they can invest in other priorities while also reducing the environmental impact of their buildings. Leaders of large multinational companies such as Teva recognize that sustainability is now key to their success – and that the energy efficiency of the buildings they own or lease is a strategic business priority as well as an environmental imperative.”

Honeywell’s EaaS approach offers a pathway for customers to achieve their sustainability objectives by implementing various upgrades throughout their buildings, leading to reduced energy consumption. In line with its commitment to energy efficiency and sustainability, Honeywell is also fostering an ecosystem of third-party solutions and complementary services, further assisting customers in their journey to reduce energy consumption in their buildings.

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