In recent years, thousands of companies have voluntarily pledged to meet sustainability targets, but many of them likely lack the knowledge and the tools to properly measure progress and how to optimise their carbon and energy footprints. Honeywell is working to help solve this problem with its new Carbon & Energy Management, a carbon energy management software, that enables building owners to track and optimise energy performance against carbon reduction goals, down to a device or asset level. Companies face increasing pressure today – from stakeholders as well as regulatory agencies – to curb energy consumption, reduce carbon emissions and create more sustainable, healthier facilities. There’s an urgent reason for this: commercial buildings currently account for almost a third of global energy consumption and 37% of global energy-related CO2 emissions. While 28% of those emissions are related to building operations – or the energy used to heat, cool and power the building – many building owners likely don’t have device or asset level insight into energy consumption or carbon impact.

Through using the Honeywell Forge enterprise performance management software solution’s artificial intelligence (AI) and machine learning (ML) algorithms, Carbon & Energy Management autonomously identifies and implements energy conservation measures to help drive efficiency, resiliency and accountability throughout a real estate portfolio. It continuously investigates, analyses, and optimises building performance, down to an asset-specific level, measuring critical sustainability KPIs including carbon emissions.

Manish Sharma, VP & general manager of sustainable building technologies at Honeywell, joins me on Tech Talks Daily to discuss this topic in more detail.