ESRS E1 - Climate change
Topic | Climate change |
Sub-topic | Energy |
Sub-sub-topic |
|
IRO | Risk |
Location | Own operations |
Time-frame | Medium-term |
Title | GHG emissions in the hospitality industry pose a financial risk. |
Example | High energy consumption in hotels contributes to increased greenhouse gas emissions. Unless able to quickly transition to renewables, hotel chains run the risk of high costs, a damaged sustainability reputation, and potential penalties. Hotels such as Marriott International are investing in energy-efficient systems to reduce their carbon footprint. |
Reference | Marriott International Sustainability Report, 2023 |
ESRS E3 - Water and marine resources
Topic | Water and marine resources |
Sub-topic | Water |
Sub-sub-topic | Water withdrawals |
IRO | Risk |
Location | Own operations |
Time-frame | Medium-term |
Title | Hotels in water-scarce regions face water risks. |
Example | Hotels in water-scarce regions face significant water stress risks, reducing their ability to provide high-quality services. Companies such as Hilton are implementing water conservation measures to manage these risks, increasing the longevity of their business. |
Reference | Hilton Sustainability Report, 2023 |
ESRS S1 - Own workforce
Topic | Own workforce |
Sub-topic | Equal treatment and opportunities for all |
Sub-sub-topic |
|
IRO | Opportunity |
Location | Own operations |
Time-frame | Medium-term |
Title | Promoting diversity and inclusion in workforce. |
Example | IHG Hotels & Resorts promotes diversity and inclusion by fostering a workplace culture that respects and values differences. Through recruitment practices, training programs, and employee resource groups, IHG enhances workforce diversity, supports equal opportunity, and strengthens organisational performance. |
Reference | IHG Annual Responsible Business Report, 2023 |
ESRS S4 - Consumers and end-users
Topic | Consumers and end-users |
Sub-topic | Personal safety of consumers and/or end-users |
Sub-sub-topic |
|
IRO | Impact - potential positive |
Location | Downstream |
Time-frame | Medium-term |
Title | Quality assurance increases safety of end-users. |
Example | Health, safety, and quality assurance in hotel services ensure customer safety and satisfaction. Hilton implements strict quality assurance processes across its operations to ensure customer wellbeing. |
Reference | Hilton Sustainability Report, 2023 |
ESRS G1 - Business conduct
Topic | Business conduct |
Sub-topic | Corporate culture |
Sub-sub-topic |
|
IRO | Impact - actual positive |
Location | Own Operations, Supply Chain (Upstream, Downstream) |
Time-frame | Medium-term |
Title | Enhancing business ethics in the hospitality industry to build trust and reputation. |
Example | In the hospitality industry, maintaining high standards of business ethics is crucial for building trust with guests, employees, and partners. Implementing comprehensive ethics training and establishing clear codes of conduct can prevent unethical behavior and enhance the company’s reputation. For instance, Accor has developed a rigorous code of ethics that applies to all employees and suppliers, focusing on anti-corruption, fair competition, and human rights. This initiative has led to increased transparency, better stakeholder relationships, and a stronger brand reputation. |
Reference | Accor Sustainability Report, 2023 |