DUBAI, United Arab Emirates: Emirates NBD, the largest banking and financial services group in the MENAT (Middle East, North Africa, and Turkey) region, has signed a Memorandum of Understanding (MoU) and contract for Honeywell Forge Connected Services to endorse the organisations’ mutual strategic objective of integrating environmental considerations through energy-efficient development innovations, implementing technological advancement and advancement, and incorporating the UAE Net Zero 2050 growth strategy.
The two-part Honeywell Forge Connected Services agreement will endorse Emirates NBD Group’s sustainability initiatives throughout its building assets by dispatching Honeywell’s fully prepared solutions to boost efficiencies and help reduce carbon footprint in Emirates NBD Facility Management-managed characteristics. This will help the banking company achieve its goal of helping the UAE Net Zero by 2050 Strategic Initiative by setting new digitalization milestones.
Honeywell will implement its corporate performance management system, Honeywell Forge, throughout Emirates NBD’s capital projects as part of negotiations, assisting the Group in improving energy usage and operating efficiency while optimizing the occupant experience in its buildings. The Emirates NBD Group’s properties total 5.77 million square feet, including 2,530,107 square feet of living housing, 2,732,369 square feet of commercial space, and 509,867 square feet of retail space.
“As part of our steady commitment to long-term sustainability, we have led the way in implementing next-generation technologies to establish national best practices in innovation. Increasing the rate of digitalization is a critical facilitator of national environmental objectives, and we look forward to supporting our clients and partners to achieve their own goals and lower their carbon footprints. Through this partnership with Honeywell, we will have a good impact on a variety of projects while also creating administrative and energy efficiency,” said Ahmed AlSheryani, CEO of Emirates NBD Properties and Executive Vice President, Head of Procurement & Realty Services at Emirates NBD.
The MoU will also enable Emirates NBD clients to access to Honeywell’s available now cloud-based and building technology solutions, which may aid in the achievement of environmental objectives such as renewable energy and emissions reductions. Honeywell solutions will assist clients in increasing energy savings, tracking carbon emissions, and lowering operating costs through smarter energy and water management. Furthermore, Honeywell’s software platform will give real-time analytics to allow maximum performance efficiency, enhance uptime, and positively influence the bottom line while enhancing building user comfort levels.
“Through information technology and access to green funding, our cooperation with Emirates NBD will assist our clients in achieving their sustainability goals. Our engagement with Emirates NBD will facilitate to revitalise solar projects with limited funds expenditure financing and enable further development of sustainability in buildings across the country, all while supporting the UAE’s Net Zero by 2050 Strategic Initiative,” said Mohammed Mohaisen, CEO and president of Honeywell – High Growth Regions, Middle East and North Africa.
“Emirates NBD is an established innovator, and we are happy to be working with them to strengthen its sustainability goals and improve the occupant experience,” said Kevin Dehoff, CEO and president of Honeywell Connected Enterprise.
The UAE Net Zero by 2050 strategic effort is a national programme aimed at achieving net zero emissions by 2050.
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