Honeywell 2014 Annual Report Download - page 13

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Environment
We are subject to various federal, state, local and foreign government requirements regarding
protection of human health and the environment. We believe that, as a general matter, our policies,
practices and procedures are properly designed to prevent unreasonable risk of environmental
damage, and of resulting financial liability, in connection with our business. Some risk of environmental
damage is, however, inherent in some of our operations and products, as it is with other companies
engaged in similar businesses.
We are and have been engaged in the handling, manufacture, use and disposal of many
substances classified as hazardous by one or more regulatory agencies. We believe that, as a general
matter, our policies, practices and procedures are properly designed to prevent unreasonable risk of
environmental damage and personal injury, and that our handling, manufacture, use and disposal of
these substances are in accord with environmental and safety laws and regulations. It is also possible
that future knowledge or other developments, such as improved capability to detect substances in the
environment or increasingly strict environmental laws and standards and enforcement policies, could
bring into question our current or past handling, manufacture, use or disposal of these substances.
Among other environmental requirements, we are subject to the federal Superfund and similar
state and foreign laws and regulations, under which we have been designated as a potentially
responsible party that may be liable for cleanup costs associated with current and former operating
sites and various hazardous waste sites, some of which are on the U.S. Environmental Protection
Agency’s National Priority List. Although there is a possibility that a responsible party might have to
bear more than its proportional share of the cleanup costs if it is unable to obtain appropriate
contribution from other responsible parties, to date we have not had to bear significantly more than our
proportional share in multi-party situations taken as a whole.
We do not believe that existing or pending climate change legislation, regulation, or international
treaties or accords are reasonably likely to have a material effect in the foreseeable future on the
Company’s business or markets that it serves, nor on its results of operations, capital expenditures or
financial position. We will continue to monitor emerging developments in this area.
Employees
We have approximately 127,000 employees at December 31, 2014, of whom approximately
50,000 are located in the United States.
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