"We are accelerating our pace of innovation to achieve Johnson Controls' vision of smart, autonomous buildings that continuously learn, adapt and automatically respond to the needs of the environment and people in those buildings," said Vijay Sankaran, Chief Technology Officer, Johnson Controls. "We are integrating greater levels of connectivity and artificial intelligence into our products and services through continued investments in our Openblue digital platform and in the great workforce that fuels our innovation engine."

The Innovation Momentum methodology captures two years of dynamic innovation. It recognises innovative companies that are outperforming their peers in technology relevance, the potential to lead to further inventions and market coverage, and the size of the global market a patent family protects. The index behind the report combines these metrics to arrive at the competitive impact or the average quality of an entire patent portfolio.

"The creative engineers and technologists at Johnson Controls have embraced their purpose of building smarter, healthier and more sustainable tomorrows," said Karl Reichenberger, chief intellectual property counsel, Johnson Controls. "It is an honour to be recognised as a Top 100 company for 2023, and I applaud our global team of innovators along with our legal team who helps protect their ground-breaking inventions and ideas."

According to Johnson Controls, the company is investing 75% of new product development R&D in climate-related innovation to develop sustainable products and services.