Climate Change Data

Environmental Metrics

ESG Focus Areas

• Diversity and Inclusion
• Sustainability
• Mentorship

Social Achievements

• Launched House Foundations, a social responsibility and sustainability program covering diversity and inclusion, sustainability, and mentorship.
• Soho Chance and Soho Apprenticeship programs to create opportunities for emerging talent from diverse backgrounds.

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic causing business disruption, financial losses, and member attrition.
• Significant debt burden requiring substantial cash to service.
• Geographic concentration of properties increasing vulnerability to local economic downturns or disasters.
• Intense competition in various industry segments.
• Material weaknesses in internal controls over financial reporting.

Mitigation Strategies

• Implemented cost efficiency programs, including redundancies.
• Accelerated cost efficiencies programs in response to the COVID-19 pandemic.
• Remediating material weaknesses in internal controls over financial reporting.
• Seeking to expand internationally while managing increased complexity and costs.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Sustainability
• Social Responsibility
• Governance

Environmental Achievements

• Reporting on Scope 1 and 2 carbon emissions globally, as well as food and non-food waste in a large proportion of our portfolio.
• Voluntary disclosure in line with the Task Force on Climate-Related Financial Disclosures (TCFD)

Social Achievements

• More than 1,200 young people from underrepresented backgrounds supported through creative access programs, Soho Mentorship and Fellowship, and the launch of our global charity, the Soho House Foundation.

Governance Achievements

• Conducted an ESG materiality assessment to better understand what our members and employees care about and help guide our House Foundation strategy.

Climate Goals & Targets

Environmental Challenges

• Member spending lagging visitation, potentially due to macro impacts on the consumer.

Mitigation Strategies

• Focus on improving food offerings, service standards, and House events; introduction of seasonal menus, pop-ups, and themed dining nights; increased training and incentivizing management to improve service; improved communication of changes through the app.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: TCFD