ESG in Hotel Real Estate: Systemic Solutions for a Systemic Problem

Kimberly Yoong | June 24, 2021

By Kimberly Yoong The United Nations Environment Programme (UNEP) reported that in 2019, emissions from building operations had reached record-high levels and estimated that direct building carbon emissions must be halved by 2030 in order to reach 2050 net-zero targets. Meanwhile, from the hotel sector’s standpoint, the situation is not anymore rosy: as the industry’s global footprint continues to grow rapidly, hotels will need to reduce their absolute carbon emissions by 66% by 2030 and 90% by 2050, to avoid a corresponding increase in carbon emissions. A social awakening on all levels For decades, we have been putting off envi...