ESG
Marriott International Highlights ESG Progress in Annual Serve 360 Report
Marriott International | July 10, 2024
Marriott International, Inc. (Nasdaq: MAR) (“Marriott”) today released its 2024 Serve 360 Report highlighting the company’s global Environmental, Social, and Governance (“ESG”) efforts and progress toward its 2025 Sustainability and Social Impact Goals. The Report reflects data for the calendar year ended December 31, 2023. The Report can be accessed here. This year, the Report features an “Around The World Highlights” addendum, which showcases ESG initiatives spanning each of the company’s regions – Asia Pacific excluding China; Caribbean & Latin America; Europe, Middle East & Africa; Greater China; and United ...
Driving a Sustainable Future: a Journey to Tomorrow
IHG | May 23, 2024
IHG Hotels & Resorts calls for collaboration across the hospitality industry, as it reiterates commitment to doing business responsibly Responsible for one in 10 jobs and contributing more than $7.7 trillion to the world’s GDP, the travel and hospitality industry supports economies across the globe by helping local communities to thrive. And it’s growing, with more than one billion international travellers last year and even more forecast to follow. Of all hospitality’s long-term drivers, perhaps the greatest is people’s fundamental desire to travel – whether it’s for leisure, business, or both (“blended” travelle...
Hilton and the Hilton Global Foundation Announce Notable Year of Progress Towards 2030 Travel With Purpose Goals
Hilton | May 23, 2024
Hilton, a leading hospitality company, and the Hilton Global Foundation, Hilton’s philanthropic arm, announced today the latest progress towards their shared goal of creating a better world for travel with the release of the 2023 Hilton Global Foundation Impact Report and the 2023 Hilton Travel with Purpose Report. Hilton’s Travel with Purpose Report outlines the hospitality leader’s progress towards its Travel with Purpose environmental, social and governance (ESG) strategy to drive responsible travel globally. Travel with Purpose outlines Hilton’s 2030 energy, water and waste reduction targets as well as community engagem...
Hotels Advance Sustainability Goals at Second Annual Responsible Stay Summit
AHLA | March 1, 2024
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Why Is ESG Important? Navigating Challenges, Embracing Sustainability
Stefan Güldenberg | January 9, 2024
By Stefan Güldenberg Environmental, social, and governance (ESG) issues are increasingly prominent in the decision-making processes of investors, consumers, and employees. With societal and environmental issues at the top of the global agenda, the ESG movement has surged in popularity and more people than ever before are considering the wider implications of their choices. However, the rise of ESG issues in the minds of investors and consumers has not been unchallenged. Last year, the backlash against ESG reached fever pitch when Tesla was removed from the S&P 500 ESG Index. It was cut from the indices over concerns about employer...
Hilton’s Vice President of ESG and Global Head of Sustainability, Jean Garris Hand, Represents AHLA, Highlights ‘Responsible Stay’ in Senate
AHLA | November 8, 2023
WASHINGTON (Nov. 8, 2023) – Today, Hilton’s Vice President of Environmental, Social and Governance (ESG) and Global Head of Sustainability, Jean Garris Hand, testified on behalf of Hilton and the American Hotel & Lodging Association (AHLA) to the U.S. Senate Subcommittee on Tourism, Trade and Export Promotion. The hearing, titled “Sustainable Tourism for a Thriving Economy,” explored how to build a sustainable travel and tourism sector while balancing the needs of businesses, visitors, and local communities. Ms. Garris Hand’s written and spoken testimony highlighted how AHLA’s Responsible Stay initiative is rallying the h...
How Hotel Owners, Operators Are Syncing Up on ESG Goals
JLL | September 6, 2023
Green agreements are helping owners and operators align on sustainability goals Hotel operators and investors are increasingly collaborating to accomplish shared green goals, a sign of growing interest in meeting environmental, social, and governance (ESG) commitments. Take luxury resort group Six Senses and its parent company InterContinental Hotels Group. Each Six Senses property embeds sustainability commitments, such as the adoption of green building standards, the allocation of funds toward local community and environmental initiatives, and even the appointment of in-house sustainability professionals. “ESG is quickly gaining si...
Private Equity Steps Up Its Interest in Hotel Assets, Hears Webinar
HVS | May 2, 2023
2 May 2023, London: A webinar held last week [27th April 2023] heard a topical discussion from a line-up of expert speakers on the increasing participation of private equity in the hotel investment landscape, the outlook for these investors and what private equity investors are looking for in the hotel sector. The webinar, organised by global hotel consultancy HVS, Bird & Bird, AlixPartners and EP Business in Hospitality, kicked off with positive feedback from an audience poll in which 41% of attendees said they expected investment in hotels to grow by 10% or more over the next 12 months with city centre, full service hotels and ...