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Emirates NBD and Honeywell will join forces to drive sustainable development through energy-efficient building technologies, harnessing digital transformation and innovation, while supporting the UAE’s Net Zero 2050 strategic plan.
Honeywell’s Memorandum of Understanding (MoU), comprising two entities to build connected services, will support UAE NBD Group’s sustainability efforts across its building assets by deploying Honeywell’s off-the-shelf solutions to increase efficiency And help reduce the carbon footprint management of properties managed by NBD Facilities Management in the UAE.
This will help the banking group achieve its strategic initiative to support net zero emissions in the UAE by 2050 as it sets a new digital benchmark.
Enterprise Performance Management Solutions
As part of the agreement, Honeywell will deploy its enterprise performance management solution, Honeywell Forge, across Emirates NBD’s building assets, helping the group improve energy consumption and operational efficiency while enhancing the living experience at its facilities.
The Emirates NBD Group properties span 5.77 million square feet, including 2,530,107 square feet of residential space and 2,732,369 square feet of office space, as well as 509,867 square feet of retail space.
“As part of our ongoing commitment to sustainability, we have been at the forefront of adopting next-generation solutions to develop regional innovation best practices. Accelerating the pace of digital transformation is a key enabler in achieving the national SDGs, We look forward to encouraging our customers and partners to achieve their goals and reduce their carbon footprint. Through our partnership with Honeywell, we will positively impact a range of projects and improve operational and energy efficiency,” said Emirates NBD Properties CEO Ahmed AlSheryani, Chief Executive Officer and Executive Vice President, Head of Procurement and Real Estate Services at Emirates NBD.
The MoU will also provide Honeywell’s off-the-shelf cloud-based building technology solutions to Emirates NBD’s customers to help achieve sustainability goals including energy efficiency and carbon reduction.
increase energy saving
Honeywell solutions will help customers increase energy savings, track carbon emissions, and reduce operating costs through improved energy and water management. In addition, Honeywell’s software platform will provide real-time analytics to achieve optimal performance efficiency and maximize uptime to positively impact the bottom line while improving the comfort of building occupants.
“The partnership with Emirates NBD will help our clients achieve their sustainability goals through digital transformation and access to green financing. Our partnership with Emirates NBD will help revitalize energy projects with limited capex financing and further Develop sustainability in buildings across the country while supporting the UAE’s Net Zero 2050 strategic initiative,” said Mohammed Mohaisen, CEO and President Honeywell – High Growth Regions, Middle East and North Africa.
Kevin Dehoff, Honeywell Connected Enterprise CEO and President, said: “Emirates NBD is a well-known leader in innovation and we are proud to partner with it to support its sustainable growth. target and enhance the occupant experience.” arab trade news agency
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