Environmental, social, and governance (ESG) issues can offer a strong competitive advantage for the hotel industry. As such, hospitality ESG solutions are likely to play a key role in the long-term success of modern, forward-thinking hotel companies.
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Hotel 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 hospitality ESG solutions for the hotel industry
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.
Amongst the leading suppliers of hotel sustainability solutions are Accenture, Ecotel Consultancy, IBA, Simply Sustainable, Korn Ferry, Sustainable Tourism Consultants, CWT, and Arup.
Key factors of hospitality ESG solutions in hotel management
Some of the key metrics of ESG in the hotel industry that drive the global economy include environmental factors such as greenhouse gas emissions reduction, achievement of carbon neutrality, increasing water efficiency, water conservation, and waste minimisation.
Social factors refer to guest and employee health and wellbeing, diversity and inclusion (D&I), youth employment, and human rights and fair labour practices.
Company ethics, board diversity, executive pay and adherence to local standards and regulations constitute the governance metrics within the hotel industry.
Environmental
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.
Social
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.
Governance
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.
For full details (including contact details) on the leading companies within this space, download the free Buyer’s Guide below:
Frequently asked questions
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Why is ESG important in the hotel industry?
Environmental, Social, and Governance (ESG) is critical in the hotel industry as it focuses on reducing carbon emissions, improving water conservation, and promoting diversity, inclusion, and fair labour practices. Hotels that integrate ESG principles can enhance their reputation, attract eco-conscious guests, and comply with regulations.
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How can hotels reduce their environmental impact?
Hotels can reduce their environmental footprint by adopting energy-efficient systems, reducing water waste, and minimising single-use plastics. Integrating renewable energy sources and sustainable practices like recycling further helps in achieving carbon neutrality.
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What social initiatives are important in ESG for hotels?
Social initiatives include promoting diversity, equity, and inclusion (DEI) in the workforce, offering youth employment programmes, and improving guest and employee well-being. Supporting local communities and implementing fair labour practices are also essential components.
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How does governance impact the success of hotel ESG strategies?
Good governance ensures that ESG strategies are implemented effectively, aligning with corporate ethics and regulatory compliance. Transparent decision-making, diverse boards, and ethical executive pay practices are key to successful governance in hotels.
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Which companies lead in providing ESG consulting for hotels?
Leading companies include Arup, Accenture, and Ecotel Consultancy, offering solutions focused on sustainability, social responsibility, and ethical governance. These consultants help hotels achieve their ESG goals through tailored strategies and technology integration.