Honeywell Chairman and CEO, Dave Cote, recently attended the Paulson Institute Conference as part of the CEO Council for Sustainable Urbanization. The two-day conference, which met on October 22 and 23, 2015, in Beijing, China, gathered CEOs from various industries to discuss areas in which businesses can best contribute to sustainable urbanization, focusing on buildings and energy. The council members advocated for good policy, action and enforcement, illustrating their points through company case studies, leadership and research. During the council, the CEOs also had the opportunity to meet with Vice Premier of China, Wang Yang.
Sustainable urbanization is one of the most important priorities for the Chinese government, as it is the key building block in the Chinese economic strategy to shift from an export-driven economy to a domestic consumption-based economy. On the first day of the conference, Cote was selected to lead an interactive breakout discussion on emissions, air pollution and climate change. The goal of the breakout session was to identify specific opportunities to collaborate. Cote discussed Honeywell’s environmental stewardship efforts and energy services, as well as China’s National Climate Change Strategy and CO2 emissions intensity. Focusing on reducing air pollution, Cote pressed the priority of three necessary improvements: cleaner energy, efficient energy use, and healthy living.
On the second day of the conference, Cote participated on a CEO panel to discuss commercial investment and collaboration in a sustainable future. The conversation was moderated by Yang Yanqing, Deputy Editor-in-Chief of China Business News, and fellow panelists included Daniel Poneman, President and CEO, Centrus Energy, Zheng Zhijie, President, China Development Bank, Guan Qing, Chairman, China State Construction Company, and Li Dongsheng, CEO, TCL. The group discussed how low-carbon investment and solutions can drive commerce and foster a strong US-China commercial relationship.