ESG
Analysis-Companies Boost Social and Climate Reporting Amid ESG Backlash
November 4, 2024
By Ross Kerber (Reuters) - Many U.S. companies have stepped up reporting on environmental and social matters in recent years even with sustained pressure from conservative politicians, data reviewed by Reuters shows. The trend shows the importance investors and regulators now place on environmental, social and governance (ESG) issues, analysts said, amid rapid global warming and shifting workforce demographics. Some political conservatives call the attention misplaced or worry the disclosures could give activists leverage to force companies to make unnecessary changes. "Most ESG problems are business problems. I'm an accounting profe...
Environmental, Social Initiatives Lead to Greater Returns in High-Income Nations
PENN STATE SCHOOL OF HOSPITALITY MANAGEMENT | July 30, 2024
Hospitality firms participating in environmental, social and governance practices in high-income nations can generate increased return on assets UNIVERSITY PARK, Pa. — Global sustainability initiatives like the environmental, social and governance (ESG) investing principle may lead to greater financial gains for hospitality firms in high-income countries but not in low-income nations, according to new findings from researchers in the Penn State School of Hospitality Management. Penn State doctoral student Samantha Hwang and Professor of Hospitality Management Seoki Lee led a research team that assessed how implementing practice...
Marriott International Highlights ESG Progress in Annual Serve 360 Report
Marriott International | July 10, 2024
Marriott International, Inc. (Nasdaq: MAR) (“Marriott”) today released its 2024 Serve 360 Report highlighting the company’s global Environmental, Social, and Governance (“ESG”) efforts and progress toward its 2025 Sustainability and Social Impact Goals. The Report reflects data for the calendar year ended December 31, 2023. The Report can be accessed here. This year, the Report features an “Around The World Highlights” addendum, which showcases ESG initiatives spanning each of the company’s regions – Asia Pacific excluding China; Caribbean & Latin America; Europe, Middle East & Africa; Greater China; and United ...
Driving a Sustainable Future: a Journey to Tomorrow
IHG | May 23, 2024
IHG Hotels & Resorts calls for collaboration across the hospitality industry, as it reiterates commitment to doing business responsibly Responsible for one in 10 jobs and contributing more than $7.7 trillion to the world’s GDP, the travel and hospitality industry supports economies across the globe by helping local communities to thrive. And it’s growing, with more than one billion international travellers last year and even more forecast to follow. Of all hospitality’s long-term drivers, perhaps the greatest is people’s fundamental desire to travel – whether it’s for leisure, business, or both (“blended” travelle...
Hilton and the Hilton Global Foundation Announce Notable Year of Progress Towards 2030 Travel With Purpose Goals
Hilton | May 23, 2024
Hilton, a leading hospitality company, and the Hilton Global Foundation, Hilton’s philanthropic arm, announced today the latest progress towards their shared goal of creating a better world for travel with the release of the 2023 Hilton Global Foundation Impact Report and the 2023 Hilton Travel with Purpose Report. Hilton’s Travel with Purpose Report outlines the hospitality leader’s progress towards its Travel with Purpose environmental, social and governance (ESG) strategy to drive responsible travel globally. Travel with Purpose outlines Hilton’s 2030 energy, water and waste reduction targets as well as community engagem...
Hotels Advance Sustainability Goals at Second Annual Responsible Stay Summit
AHLA | March 1, 2024
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Why Is ESG Important? Navigating Challenges, Embracing Sustainability
Stefan Güldenberg | January 9, 2024
By Stefan Güldenberg Environmental, social, and governance (ESG) issues are increasingly prominent in the decision-making processes of investors, consumers, and employees. With societal and environmental issues at the top of the global agenda, the ESG movement has surged in popularity and more people than ever before are considering the wider implications of their choices. However, the rise of ESG issues in the minds of investors and consumers has not been unchallenged. Last year, the backlash against ESG reached fever pitch when Tesla was removed from the S&P 500 ESG Index. It was cut from the indices over concerns about employer...
Hilton’s Vice President of ESG and Global Head of Sustainability, Jean Garris Hand, Represents AHLA, Highlights ‘Responsible Stay’ in Senate
AHLA | November 8, 2023
WASHINGTON (Nov. 8, 2023) – Today, Hilton’s Vice President of Environmental, Social and Governance (ESG) and Global Head of Sustainability, Jean Garris Hand, testified on behalf of Hilton and the American Hotel & Lodging Association (AHLA) to the U.S. Senate Subcommittee on Tourism, Trade and Export Promotion. The hearing, titled “Sustainable Tourism for a Thriving Economy,” explored how to build a sustainable travel and tourism sector while balancing the needs of businesses, visitors, and local communities. Ms. Garris Hand’s written and spoken testimony highlighted how AHLA’s Responsible Stay initiative is rallying the h...
