Environmental, social, and governance (ESG) issues can offer a strong competitive advantage for the hotel industry. Companies are at different stages of incorporating ESG elements into their broader strategy. The strategies need to be aligned with the stakeholders’ objectives, should enable the ESG-driven operational shift, and should allow digitalisation and automation to tech-enable the ESG initiatives.
Discover the leading ESG companies in the hotel management
Using its experience in the sector, Hotel Management Network has listed some of the leading companies providing products and services related to ESG.
The information provided in the download document is drafted for hotel executives and technology leaders involved in hotel ESG solutions.
The download contains detailed information on suppliers and their product offerings, alongside contact details to aid purchase or hiring decisions.
Key factors of ESG in hotel management
Some of the key metrics of ESG in the hotel industry that massively drive the global economy include greenhouse gas emissions reduction, achievement of carbon neutrality, increasing water efficiency, water conservation, and waste minimisation in terms of environmental; guest and employee health and wellbeing, diversity and inclusion (D&I), youth employment, and human rights and fair labour practices in terms of social, and company ethics, board diversity, executive pay and adherence to local standards and regulations in terms of governance.
Decarbonisation is one of the most crucial ESG goals of many hospitality companies, such as hotel brands like Accor, and Hilton, which aim to reduce their carbon footprints by almost 50% over the next ten years. The transient nature of the hotel industry makes them prone to be wasteful, such as improper usage of towels and straws. Therefore, consolidating best practices and resources will be essential in accelerating a sustainable future.
Rising social awareness is increasingly bringing the D&I initiatives to the forefront. Workplace environment and perceptions are improving in the hotel industry. Human rights groups and youth employment programmes are creating a more equitable future in terms of sustainability in the hotel industry.
Company ethics is a critical element of governance, as it influences the company’s approach toward all other aspects. Guiding ethics and putting the locals, such as local cuisines and local customs, on global platforms are typically perceived to be in the spotlight of governance.