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| United Technologies Corp. Contributes $100,000 to United Way of India |
| Announcement / Corporate Nov 13, 2009, 21:30 IST |
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United Technologies Corp. will donate $100,000 to the United Way of India to improve educational opportunities for students in Bengaluru, Delhi and Mumbai. The United Way of India will use the funding to provide students with books, uniforms and meals, encouraging them to continue their studies beyond primary school level. This new initiative builds on UTC’s global support for math, science and technology education.
“At UTC we’ve achieved great financial performance. It is important to recognize our financial accomplishments have been achieved with a strong commitment to corporate responsibility. This includes being a leader in environmental performance, employee safety and supporting the communities where we do business,” said UTC President and Chief Executive Officer Louis R. Chênevert. “This contribution combined with UTC employee volunteer initiatives will improve the lives of students in three cities where we have a significant presence.”
In addition to the financial contribution, UTC will encourage its local employees to participate in United Way programs in India. Specifically, UTC will encourage employee volunteers to mentor local children and assist them with their studies. Globally, UTC employees volunteered 70,000 hours with similar programs in their local communities in 2008.
UTC companies have a long history in India dating to 1898, when Otis installed its first elevator at the Raj Bhavan in Kolkata. Today, UTC’s Indian operations employ nearly 4,000 people in more than 113 offices, 3 factories and 60 cities.
United Technologies Corp. (NYSE: UTX), a member of the Dow Jones Industrial Average, is a diversified global company made up of world-leading businesses. UTC products include Carrier heating and air conditioning, Hamilton Sundstrand aerospace and industrial systems, Otis elevators and escalators, Pratt & Whitney aircraft engines, Sikorsky helicopters, UTC Fire & Security systems and UTC Power fuel cells.
UTC has been named to the Dow Jones Sustainability Index, and to the Global 100 Most Sustainable Corporations list. In March 2009, Fortune magazine named UTC its "Most Admired" aerospace and defense company. In October 2009, Newsweek magazine named UTC its top “green” aerospace and transportation company.
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