SUSTAINABLE COMMERCIAL BUILDINGS: WITH ENERGY MANAGEMENT AND ARTIFICIAL INTELLIGENCE, GLOBAL ENERGY CONSUMPTION CAN BE REDUCED BY 30% AND CO37 EMISSIONS BY 2%

• Honeywell's new Carbon & Energy Management solution with artificial intelligence (AI) and machine learning algorithms (ML) helps companies to account for and reduce carbon dioxide emissions down to the single device.
• Commercial buildings account for a third of global energy consumption and 37% of global energy-related CO2 emissions
• Most organizations do not have the tools to have visibility of the energy they consume, as well as to control it.

In recent years, thousands of companies have made commitments to respect sustainability objectives, however many of them do not have the knowledge and adequate tools to measure their carbon footprint, in addition to their energy footprint. Honeywell (Nasdaq: HON) has taken action to solve this problem, creating its new Carbon & Energy Management; it is software for managing CO2 emissions and other greenhouse gases that allows building owners to monitor and optimize energy performance in light of the objectives of reducing carbon dioxide released into the atmosphere, up to the level of devices or assets.

Carbon & Energy Management is at the heart of Honeywell's new portfolio of sustainable building solutions and services, which can help building owners and managers achieve two urgent but often conflicting goals: reduce impact environment of buildings and optimize indoor air quality to promote the well-being of occupants and achieve the goal of having buildings "Carbon neutral".

Companies are facing increasing pressure - from stakeholders and regulatory bodies - to contain energy consumption, reduce carbon emissions and create more sustainable and at the same time healthier structures.

The reason is more than relevant: commercial buildings are in fact currently responsible for almost a third of global energy consumption and 37% of global energy-related CO2 emissions. Last but not least, 28% of these emissions are linked to the operation of the building, i.e. the energy used to heat, cool and power it. As things currently stand, however, many building owners do not have information on energy consumption or the impact of carbon dioxide emissions at the level of the devices and assets used.

Thanks to the artificial intelligence (AI) and machine learning (ML) algorithms of the Honeywell Forge business performance management software platform, the Carbon & Energy Management solution independently identifies and implements the most appropriate energy conservation measures to contribute to efficiency, resilience and traceability of a real estate portfolio.

The solution continuously studies, analyzes and optimizes the performance of buildings, down to the asset level, measuring the critical KPIs related to sustainability, including CO2 emissions.

"The construction industry has been working for a long time to improve energy efficiency and reduce carbon footprint, but it is imperative to make significant changes in the short term, and this means that building owners need better data on their operations," he explains. Manish Sharma, vice president and general manager of Sustainable Buildings, Honeywell.

“Given the growing awareness of sustainability, and related investments, it is essential for a company to know - and clearly communicate to stakeholders - how its structures are optimizing guidelines to reduce its carbon footprint. We are helping our customers to create new metrics that can guarantee their success and to eliminate the complexity of managing emissions, balancing the need for healthier spaces with our “ready now” solutions ”.

Impactful investors want to know in specific terms what companies' carbon reduction goals are and how they are working to achieve them. According to recent market studies, the reduction of carbon footprint of a building can potentially increase its commercial value.

Honeywell Carbon & Energy Management establishes a baseline of energy performance using a usage history of up to three years, real-time meter data and environmental factors to determine which assets are driving energy consumption.

The enterprise-level Carbon & Energy Management software provides a real-time dashboard of critical sustainability KPIs, aggregates data on CO2 emissions from energy-related emission sources in a building (gas, electricity and fuels), reduces energy consumption using advanced building control features and reduces the carbon footprint without compromising the well-being or comfort of the occupants.

The Carbon & Energy Management software continuously collects energy usage data 24/24, recorded at 7 minute intervals, and also accounts for all energy-consuming assets as sub-parameters to collect granular information on consumption. This data enables Honeywell to help customers establish a rigorous derived baseline, provide a roadmap to the carbon neutral goal, and help customers implement it. Honeywell's software solution enables building owners to avoid the expense of technology upgrades required to meet sustainability reporting demands and to minimize the time required to implement the solutions.

The Honeywell Sustainable Buildings portfolio of solutions can help achieve energy efficiency goals, improve the well-being of those who live in buildings and change the way people live in them; It aligns with Honeywell's commitment to achieve carbon neutrality in its facilities and operations by 2035, building on its experience in reducing its greenhouse gas footprint and a decade-long history of innovation to help customers achieve their environmental, social and governance objectives.