Baku, Azerbaijan – In a landmark session at COP29, the World Sustainable Hospitality Alliance (the Alliance) launched its Common Sustainability Key Efficiency Indicators (KPIs) in the course of the first-ever joint session of Tourism Ministers and the COP Presidency. This initiative, a part of the COP29 Declaration on Enhanced Local weather Motion in Tourism, marks a transformative step for the hospitality business, underscoring its pivotal function in addressing world local weather challenges, enhancing financial sustainability, and driving sustainable shopper selections.
The Common KPIs set up a structured framework for the hospitality sector to measure and report on important Environmental, Social, and Governance (ESG) metrics, corresponding to greenhouse fuel emissions, water consumption, waste and vitality utilization. This alignment with COP29’s local weather targets highlights the business’s dedication to actionable steps in decreasing carbon footprints and implementing sustainable practices.
At the moment, we’re taking a big step ahead in our dedication to a sustainable future. The launch of the Common KPIs not solely empowers our business to take measurable actions in opposition to local weather change but additionally ensures we’re accountable to the customers who more and more demand belief and transparency. Our partnership with UN Tourism is important in aligning our ESG frameworks and setting the stage for accountable tourism worldwide. Glenn Mandziuk, CEO of the Alliance
The Alliance’s dedication to sustainability is additional demonstrated by its partnership with UN Tourism, making certain alignment of ESG frameworks throughout the sector. In collaboration with business leaders – UN Tourism, the World Sources Institute and Travalyst – the Alliance is ready to replace the Lodge Carbon Measurement Instrument. This initiative will deal with adherence to the GHG Protocol, increasing Scope 3 emissions, and establishing a complete system of knowledge verification in preparation for COP30.
As a signatory of the Glasgow Declaration and the COP29 Baku Declaration on Enhanced Local weather Motion in Tourism, the Alliance reaffirms its dedication to advancing sustainable practices that profit each the surroundings and the worldwide group.
The introduction of verifiable KPIs empowers customers to make knowledgeable choices about their journey experiences, encouraging hospitality companies to prioritise and showcase their ESG initiatives. This transparency builds belief amongst customers, traders, and regulators, fostering a sustainable enterprise surroundings and enhancing the business’s aggressive edge.
The event of the Common KPIs concerned in depth collaboration amongst business stakeholders, fostering a shared accountability inside the hospitality sector. This collective effort units a precedent for different industries, selling a broader motion in direction of standardised sustainability measures.
As world leaders collect at COP29 to deal with urgent local weather points, the Alliance’s Common KPIs symbolize a proactive framework that helps local weather motion, drives financial worth, and aligns with shopper expectations. This initiative underscores the significance of collaboration and standardisation in attaining significant progress towards a sustainable future.
For extra info on the Alliance’s Common Sustainability KPIs, please view the Overview.Â
