Honeywell, Emirates NBD Collaborate On Advancing Sustainability Goals
Emirates NBD signed an MoU and agreement with Honeywell for Honeywell Forge Connected Services to support the companies’ shared strategic goal of driving sustainability through energy efficient technologies, and leveraging digital transformation and innovation.
The two-part Honeywell Forge Connected Services agreement will support Emirates NBD Group’s sustainability efforts across its building assets by deploying Honeywell’s ready now solutions that enhance efficiencies and help reduce carbon footprint in properties managed by Emirates NBD Facility Management.
This will facilitate the banking group’s aim of supporting the UAE Net Zero by 2050 Strategic Initiative as it sets new digitalization benchmarks.
As a part the agreement, Honeywell will deploy its enterprise performance management solution, Honeywell Forge, across Emirates NBD’s building assets, helping the Group to improve energy consumption and operational efficiencies while enhancing the occupant experience in its facilities.
Emirates NBD Group properties are covering an area of 5.77 million square feet, which includes 2,530,107 square feet of residential space and 2,732,369 square feet of office space, along with 509,867 square feet of retail space.
Ahmed AlSheryani, CEO, Emirates NBD Properties said: “As part of our ongoing commitment to sustainability, we have been at the forefront of adopting next-generation solutions to set regional best practices in innovation.
"Advancing the pace of digital transformation is a key enabler of achieving national sustainability goals, and we look forward to encouraging our clients and partners to reach their own goals and reduce their carbon footprints."
The MoU will also provide clients of Emirates NBD with access to Honeywell’s ready now cloud-based and building technologies solutions that can help achieve sustainability goals including energy efficiency and carbon reduction.
The Honeywell solutions will help clients increase energy savings, track carbon emissions, decrease operational costs with improved energy and water management.
In addition, Honeywell’s software platform will provide real-time analytics to enable optimal performance efficiency, maximize uptime to positively impact the bottom line while increasing the comfort levels of building occupants.
Mohammed Mohaisen, CEO, Honeywell Middle East and North Africa said: “This collaboration with Emirates NBD will help our customers achieve their sustainability goals through digital transformation and access to green financing.
"Our collaboration with Emirates NBD will help to reinvigorate energy projects that have seen limited capital expenditure financing and enable further development of sustainability in buildings across the country, while supporting the UAE’s Net Zero by 2050 Strategic Initiative."
“Emirates NBD is a well-known leader when it comes to innovation, and we are proud to be collaborating with it to support its sustainability goals and enhance the occupant experience,” said Kevin Dehoff, CEO and president of Honeywell Connected Enterprise.
The UAE Net Zero by 2050 strategic initiative is a national drive to achieve net zero emissions by 2050.