Honeywell And United Nations Environment Sign Strategic Partnership Agreement

DUBAI, UNITED ARAB EMIRATES – March 28, 2018 – Honeywell (NYSE: HON) announced the signing of a Memorandum of Understanding (MOU) with the United Nations (UN) Environment to help promote sustainable economic development and raise awareness on the importance of increasing energy efficiency in the region.

The signing took place at Honeywell’s regional headquarters in Dubai and was completed by Erik Solheim, executive director, UN Environment, and Norm Gilsdorf, president, Honeywell High Growth Regions, Middle East, Russia, Turkey, and Central Asia. As part of the MOU the two entities will support the United Nations’ Sustainable Development Goals (SDGs) 7 and 13, which aim to provide affordable and clean energy for all, and to take action to combat climate change and its impacts, respectively. In addition, the MOU will focus on experience-sharing and programs to build capacity and enhance the contribution of the private sector in protecting the environment.

Speaking at the signing ceremony Solheim said, “UN Environment is the world’s leading environmental authority, tasked with promoting sustainable development through partnerships that protect our planet and inspire positive change. By working with Honeywell and others in the private sector, together we can take urgent action to combat climate change while delivering affordable and clean energy for all.”

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Commenting on the agreement, Gilsdorf said, “At Honeywell, we’re blending physical products with software solutions to connect people and businesses to the information they need to be more efficient and more productive every day. With nearly half of our annual revenue linked to energy efficiency technologies and solutions, we are helping the world face its energy challenges, and we are proud to work closely with UN Environment to raise awareness around climate change and energy clean energy.”

Worldwide adoption of Honeywell low-global warming HFC alternative solutions, known collectively as the Solstice® product suite, has resulted in the reduction of more than 60 million metric tons of greenhouse gases to date, equal to eliminating emissions from more than 12 million cars. Honeywell and its suppliers have completed a $900 million investment in technology development and new capacity based on Honeywell’s HFO technology, which helps customers lower their carbon footprint without sacrificing end-product performance.

Honeywell is a Fortune 100 software-industrial company that delivers industry specific solutions that include aerospace and automotive products and services; control technologies for buildings, homes, and industry; and performance materials globally. Our technologies help everything from aircraft, cars, homes and buildings, manufacturing plants, supply chains, and workers become more connected to make our world smarter, safer, and more sustainable.

Photo courtesy of Saudi Gazette