江森自控 2024年度报告

Notice of AnnualGeneral Meeting& Proxy Statement Smart, healthy and sustainable buildings Leading the Evolution of Smart, Healthy & Sustainable Buildings BROADSYNERGISTICPORTFOLIOspanning acrossHVAC, Controls, Fire,and Security OPENBLUEDIGITALPLATFORMis fundamentallydisrupting the builtenvironment ExpansiveGLOBALM A R K E Twith anexciting decade ofopportunity ahead focused onlifecycle solutions High quality leadershipteam fully aligned to aHIGH-PERFORMANCECULTURE Proven history ofPRODUCTL E A D E R S H I PandD O M A I NE X P E R T I S E Delivering top tierFINANCIALPERFORMANCEand creating attractive UNMATCHEDDIRECTCHANNELpresence creates a uniquecompetitive advantage SHAREHOLDER RETURNS CAUTIONARYSTATEMENTSFORFORWARD-LOOKINGINFORMATION We have made statements in this Proxy Statement that are forward-looking and therefore are subject to risks and uncertainties.All statements in this document other than statements of historical fact are, or could be, “forward-looking statements” withinthe meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may appear throughout thisProxy Statement, including the Proxy Summary, Compensation Discussion & Analysis and Governance of the Company —Sustainability. Words such as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe,” “should,” “forecast,” “project” or“plan” and terms of similar meaning are also generally intended to identify forward-looking statements. However, the absenceof these words does not mean that a statement is not forward-looking. We caution that these statements are subject to numerousimportant risks, uncertainties, assumptions and other factors, some of which are beyond our control, that could cause ouractual results to differ materially from those expressed or implied by such forward-looking statements. A detailed discussion ofrisks related to our business is included in the section entitled “Risk Factors” in our Annual Report on Form 10-K for the 2024fiscal year filed with the SEC on November 19, 2024, as supplemented by any subsequently filed Quarterly Report on Form 10-Q.Shareholders, potential investors and others should consider these factors in evaluating the forward-looking statements andshould not place undue reliance on such statements. The forward-looking statements included in this Proxy Statement are madeonly as of the date of this document, unless otherwise specified, and, except as required by law, we assume no obligation,and disclaim any obligation, to update such statements to reflect events or circumstances occurring after the date of this ProxyStatement. WEBSITEINFORMATION This Proxy Statement includes several website addresses and references to additional materials found on those websites.These websites and materials are not incorporated by reference herein. Letter to our Shareholders: Dear Shareholders, The Board and I are proud of the major milestones the Company achieved in 2024,paving the way for continued growth and shareholder value creation. Our dedicatedteams have built momentum through the substantial progress of our portfoliotransformation into a pure-play provider of comprehensive commercial buildingssolutions. A year of strong operational and financial results positioned us well tocapitalize on growing end markets. I am excited about the tremendous opportunitiesahead, knowing we are better positioned to provide advanced engineered solutions thatmeet our customers’ evolving needs. Delivered on Portfolio Transformation We are committed to transforming Johnson Controls into a faster growing, moreprofitable and less complex company. This year, we took large strides toward that goalby announcing the divestiture of our Residential and Light Commercial HVAC businessand our Air Distribution Technologies business, representing approximately 20% ofour sales. These divestitures position Johnson Controls with a simplified, more efficientbusiness model focused on delivering commercial business solutions. These strategicmoves underscore our dedication to enhancing our focus on core commercial building solutions, setting the stage for sustained growth and profitability. Bringing Value Across the Building Lifecycle While Leading the Way in Sustainability The substantial progress in our transformation is allowing us to benefit from more consistent, predictable performance as our effortstranslate into results — demonstrated by a growing record backlog and increased profitability. We are driving results based on ourunique value proposition, with an ability to serve our customers over the lifecycle of the building. Sustainability will remain at the heart of what we do at Johnson Controls. We are committed to delivering safe, healthy and efficientbuildings through climate control systems, clean electrification technologies and systematic digitalization for both old and new buildings.Our solutions drive customer outcomes by improving productivity and maximizing outcom