ESRS E1 - Climate change
Topic | Climate change |
Sub-topic | Climate change adaptation |
Sub-sub-topic |
|
IRO | Impact - actual positive |
Location | Own operations |
Time-frame | Medium-term |
Title | Implementing climate-resilient infrastructure in leisure facilities. |
Example | SeaWorld Entertainment incorporates climate-resilient infrastructure and sustainable practices to adapt to climate change impacts, such as rising sea levels or extreme weather events. These efforts enhance operational resilience, reduce environmental footprint, and ensure continued visitor satisfaction. |
Reference | SeaWorld Entertainment Sustainability Report, 2023 |
ESRS E3 - Water and marine resources
Topic | Water and marine resources |
Sub-topic | Water |
Sub-sub-topic | Water consumption |
IRO | Impact - potential positive |
Location | Own operations |
Time-frame | Long-term |
Title | Water conservation initiatives in leisure facilities. |
Example | Universal Parks & Resorts implements water conservation initiatives across its theme parks and resorts to reduce water consumption and promote sustainable water management practices. By investing in efficient irrigation systems, water recycling technologies, and guest education programs, Universal enhances operational efficiency, preserves local water resources, and supports community sustainability goals. |
Reference | Universal Parks & Resorts Environmental Sustainability Report, 2023 |
ESRS E4 - Biodiversity and ecosystems
Topic | Biodiversity and ecosystems |
Sub-topic | Impacts on the extent and condition of ecosystems |
Sub-sub-topic | Land degradation |
IRO | Opportunity |
Location | Own operations, downstream |
Time-frame | Long-term |
Title | Mitigation of land degradation through conservation encourages eco-tourism. |
Example | Conserving protected areas can enhance eco-tourism. Disney is investing in conservation projects to protect natural habitats and attract eco-conscious visitors. |
Reference | Disney Sustainability Report, 2023 |
ESRS S1 - Own Workforce
Topic | Own workforce |
Sub-topic | Working conditions |
Sub-sub-topic | Health & safety |
IRO | Risk |
Location | Own operations |
Time-frame | Medium-term |
Title | Health and safety risks in leisure facilities pose significant financial liabilities. |
Example | In leisure facilities such as amusement parks, sports centers, and entertainment venues, inadequate health and safety measures can lead to accidents and injuries, resulting in substantial financial liabilities from lawsuits and compensation claims. For instance, a major theme park faced significant legal and medical costs following a high-profile accident on one of its rides. This incident highlighted the urgent need for improved safety protocols and regular maintenance checks to mitigate such risks. |
Reference | Six Flags Annual Report, 2023 |
ESRS G1 - Business conduct
Topic | Business conduct |
Sub-topic | Corruption and bribery |
Sub-sub-topic |
|
IRO | Risk |
Location | Own operations, supply chain (upstream, downstream) |
Time-frame | Long-term |
Title | Weak business ethics in the leisure industry can lead to financial and reputational damage. |
Example | In the leisure facilities industry, failures in upholding strong business ethics can lead to scandals, legal issues, and significant financial losses. Poor practices in areas such as bribery, corruption, and unfair labor practices can result in hefty fines and damage to the company’s reputation. For example, a well-known international leisure facility operator faced substantial fines and loss of customer trust after revelations of corrupt practices and poor working conditions in its supply chain. This prompted the company to overhaul its governance framework and implement stricter compliance measures. |
Reference | SeaWorld Entertainment Sustainability Report, 2023 |