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TheStreet Open House

Raytheon Receives National Climate Leadership Award

WALTHAM, Mass., March 21, 2013 /PRNewswire/ -- Raytheon Company (NYSE: RTN) has received a Climate Leadership Award in recognition of cutting greenhouse gas emissions and achieving its reduction goal ahead of schedule. The Excellence in Greenhouse Gas Management Award for Goal Achievement was recently awarded to Raytheon by the U.S. Environmental Protection Agency in partnership with the Association of Climate Change Officers, the Center for Climate and Energy Solutions, and the Climate Registry.

"Our Climate Leadership Award winners are leading by example with their outstanding actions to reduce carbon pollution," said Gina McCarthy, administer for EPA's Office of Air and Radiation. "These organizations are tackling the challenge of climate change with practical, common-sense, and cost-saving solutions to improve efficiency and cut waste."

In 2008, under EPA's former Climate Leaders Program, Raytheon set a goal of reducing greenhouse gas emissions by 10 percent by 2015 from 2008 levels. The company actually achieved a 16 percent reduction through 2011 and a 21 percent reduction through 2012, reaching, and exceeding, its reduction goal years ahead of schedule.

"We are honored to receive this Climate Leadership Award for exceeding and achieving our greenhouse gas emissions reduction goal – one of Raytheon's top sustainability goals," said Raytheon Chairman and CEO William H. Swanson. "We reached this goal well ahead of schedule, and with Raytheon's culture of continuous improvement, we will be looking to further raise the bar to keep making further strides in this area to reduce our environmental impact. This recognition is a credit to the entire Raytheon team."

The award marks the second greenhouse gas goal that Raytheon has achieved. Since 2002, the company has reduced carbon emissions by 34 percent, preventing more than one million metric tons of greenhouse gas emissions. The emission reductions were primarily achieved through energy conservation, implementing energy efficiency projects, buying more renewable energy and reducing the use of greenhouse gas chemicals in manufacturing processes.

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