Honeywell and Emirates NBD to collaborate on advancing UAE sustainability goals

DUBAI, United Arab Emirates, September 6, 2022 — Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Turkey) region, signed a Memorandum of Understanding (MoU) and agreement with Honeywell (Nasdaq: HON) for Honeywell Forge Connected Services to support the companies’ shared strategic goal of driving sustainability through energy efficient building technologies, leveraging digital transformation and innovation, while supporting the UAE Net Zero 2050 strategic initiative.

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 ofretail space.

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.