Sustainability is a top priority for Middle Eastern businesses, Honeywell research shows technology is being used to improve efficiency, costs, health and safety
Sustainability, health and safety
Research by Honeywell on building sustainability and energy management shows that Middle East business leaders consider environmental, social and governance (ESG) initiatives to be a top business priority, with a focus on energy management and occupant safety and well-being.
Surveying more than 300 business leaders and decision-makers in UAE, KSA and Egypt, the results show that sustainability is a top priority and that ESG has grown in importance, driven by an increased focus on the need for sustainability, and the need to improve cost-efficiency and occupational health and safety due to the COVID-19 pandemic.
Key findings
- 89% of respondents say that ESG considerations are important to their strategy, with 84% saying that energy management and sustainability are also important
- 80% percent state that the importance of energy management and sustainability has increased over the last two years
- Occupant health and safety (50%) is the most commonly invested in area of ESG
- 43% say that COVID-19 accelerated energy management and sustainability initiatives, 21% percent stated that the pandemic hindered such initiatives
Technology in ESG initiatives
- Energy efficient lighting, predictive maintenance software and HVAC optimization are common areas of investment, approximately 76% of respondents in UAE and KSA and 58% in Egypt confirmed that their organization implemented air quality measures during COVID-19
- 80% believe that an autonomous control or a predictive maintenance solution would improve energy management operations
- 80% believe that today’s digital-based solutions are effective in improving the energy efficiency of buildings
Honeywell’s building technologies help enable smarter buildings and building portfolio management, simplify facility operations, and increase operational and energy efficiency driving business growth. “As an active ESCO in the region, we understand the challenges of driving energy efficiencies across facilities. By treating buildings as dynamic entities and deploying the right technologies, it’s possible for building owners and managers to achieve both goals of meeting their energy efficiency targets and creating a healthier indoor environment for their occupants,” said George Bou Mitri, president, Honeywell Building Technologies, Middle East, Turkey and Africa.
The full report can be viewed here.
