NBB Partners with Honeywell to Strengthen its Sustainability Efforts

Published on: 29 September 2022
by KnowESG
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The National Bank of Bahrain (NBB) has signed an agreement with Honeywell to expand its sustainable footprint.

This agreement establishes a framework for collaboration in which NBB intends to broaden its reach and offer more sustainable financing solutions to a wider number of clients while providing advice and financing to its existing client base. As a result, clients' sustainability aspirations will be supported, as will significant energy savings. 

Honeywell will assist NBB's sustainability initiatives across all of its building assets by reviewing and proposing solutions that improve efficiencies and help lower carbon footprints. Through NBB's capex green-financing opportunities, the framework will provide respective customers with access to solutions to help reduce operational costs and track carbon emissions.

Hisham Al Kurdi, Group Chief Executive - Corporate & Institutional Investment Banking at NBB, said: 

“At NBB, we continue to take great strides in our mission to provide banking solutions that help progress sustainability efforts to our clients. This collaboration represents a positive step in this direction and will further accelerate our efforts to offer financing coherent with Bahrain’s sustainability goals.”

Abdullah Al-juffali, president, Honeywell Saudi Arabia and Bahrain, said:

“We are delighted to be working alongside National Bank of Bahrain to evaluate and provide NBB and our respective customers with advanced solutions to support sustainability goals. This collaboration represents a milestone in our journey.”

This agreement strengthens NBB's ongoing efforts to operate as a responsible organisation under global ESG best-practice standards while providing customers with the most innovative sustainable finance solutions to help them grow their businesses. 

Honeywell Forge, Honeywell's enterprise performance management solution, will provide access to real-time insights to enable optimal performance efficiency, enhance uptime, and positively impact the bottom line while also boosting building occupant comfort levels.

Honeywell is a multinational company that provides customers with ready-to-use solutions to help them accelerate their sustainability transitions and digitalise key industrial end markets. Its solutions aid in the connectivity of aircraft, buildings, manufacturing plants, supply networks, and workers, making the world smarter, safer, and more sustainable.

Source: NBB

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