How hotels are implementing strong ESG strategies

As governments implement more stringent sustainability regulations, it's critical for hospitality companies to develop and promote robust ESG strategies

ESG practices have traditionally been adopted voluntarily by companies in response to consumer demand for sustainable and ethical business practices. However, a new era of ESG is emerging. Many environmental regulations are being developed around the world to enforce mandatory reporting, carbon pricing, and clean energy subsidies.

Key takeaways

• The issue of sustainability is particularly pressing for hospitality companies because of the industry's reputation for generating various types of waste, including water, food, and energy;
• The concept of "greenwashing" is also under scrutiny as companies are challenged by more discerning consumers and governments about the validity of their sustainability claims;
• There have been positive developments in the way companies report their sustainability performance, as effective communication of sustainability credentials has never been more critical to running a sustainable hospitality business.

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