GlobalData offers a comprehensive analysis of Hilton Worldwide, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Hilton Worldwide‘s ESG performance. GlobalData’s company profile on Hilton Worldwide offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
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Hilton Worldwide, a global hospitality company, has set target for net zero by 2030. The company aims to reduce its greenhouse gas (GHG) emissions and has set specific targets for scope 1 (direct emissions), scope 2 (indirect emissions from purchased energy), and scope 3 (other indirect emissions). In 2022, the company reported total emissions of 2,368,928 MT CO2e for Scope 1 and 2 (location-based), with an intensity of 0.0835 MT CO2e/m2, reflecting a 4.75% increase from the previous year. Market-based Scope 1 and 2 emissions totaled 2,350,694 MT CO2e. Regarding Scope 3 emissions, the company achieved a notable 5.50% reduction in emissions from franchises, totaling 4,020,579 MT CO2e, with an intensity of 0.0742 MT CO2e/m2. The company aims to achieve a 75% reduction in carbon emissions intensity (MT CO2e/m2, 2008 baseline) from managed hotels' Scope 1 and 2 by 2030. Additionally, the goal is to collaboratively reduce Scope 3 carbon emissions intensity from franchised hotels by 56%, working in partnership with franchisees and referencing the 2008 baseline, also by 2030.
Hilton has taken several steps to reduce its emissions and has made significant progress. The company utilizes The Greenhouse Gas Protocol for calculating its emissions and verifies CO2 emissions factors based on international standard data. It regularly updates location-based electricity emissions factors and stores historical emissions factors for electricity, natural gas, and other energy sources. Hilton's external reporting of energy, emissions, water, and waste impacts is based on hotel utility data in LightStay since 2010.
Hilton has implemented various initiatives which includes waste reduction and recycling programs, food waste management, soap recycling, and reducing single-use plastics. The company also focuses on supply chain evaluation and sustainable sourcing to reduce waste and promote a circular economy. Hilton's waste diversion rate, which includes recycling, composting, and waste-to-energy incineration, has increased by 20.60%.
IN conclusion, Hilton's commitment to reducing its environmental impact is evident in its efforts to achieve net-zero emissions and implement sustainable practices. The company's focus on waste reduction, energy efficiency, and social impact demonstrates its dedication to creating a more environmentally friendly hospitality industry. By taking proactive steps and investing in emission reduction initiatives, Hilton is making significant progress towards a net-zero future.
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