NH Hotel Group
Climate Impact & Sustainability Data (2021, 2023)
Reporting Period: 2021
Environmental Metrics
Total Carbon Emissions:95,730 tCO2e (2021)
Scope 1 Emissions:48,858 tCO2e (2021)
Scope 2 Emissions:46,872 tCO2e (2021)
Scope 3 Emissions:188,490 tCO2e (2021)
Renewable Energy Share:62% (2021)
Total Energy Consumption:503,149 MWh (2021)
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Climate Change
Environmental Achievements
- Reduced carbon emissions by 20% by 2030 (target validated by SBTi)
- 62% of electricity consumed in 2021 from renewable sources, 100% in Southern Europe hotels.
Social Achievements
- Not disclosed
Governance Achievements
- Established a Sustainable Executive Committee to oversee ESG issues, including climate-related matters.
- CEO and COO remuneration linked to 2022 annual carbon target achievement.
Climate Goals & Targets
Long-term Goals:
- Net-zero emissions by 2050 (target to be defined in 2023).
Medium-term Goals:
- Reduce carbon emissions by 20% across the value chain by 2030.
Short-term Goals:
- Not disclosed
Environmental Challenges
- Physical risks: increased ambient temperature, sea-level rise, reduced water availability, extreme weather events.
- Transitional risks: GHG emission taxes, new climate disclosure requirements, energy efficiency regulations, GHG emission reduction regulations, infrastructure safety regulations, environmental protection regulations, increased litigation risk, changes in customer behavior, resource availability variations, geopolitical instability, changes in insurance conditions, difficulties accessing finance, loss of asset value.
Mitigation Strategies
- Implementation of the "2030 SBT Plan" to reduce carbon emissions.
- Energy Efficiency Plan including equipment changes, investment in control systems, building façade improvements.
- CapEx line for projects with environmental returns (e.g., renewable energy).
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Working with largest carbon footprint suppliers to improve reporting and emission reduction alignment.
Climate-Related Risks & Opportunities
Physical Risks
- Increased ambient temperature
- Sea level rise
- Reduced water availability
- Extreme weather events
Transition Risks
- GHG emission taxes
- New climate disclosure requirements
- Energy efficiency regulations
- GHG emission reduction regulations
- Changes in customer behavior
- Resource availability variations
- Geopolitical instability
- Changes in insurance conditions
- Difficulties accessing finance
- Loss of asset value
Opportunities
- Changes in customer behavior/preferences
- Government incentives for energy efficiency and resource consumption
- Government incentives for transport decarbonization
- Access to finance
- Changes in customer perception
- Changes in insurance conditions
- Improving the image of the hospitality industry
- Differentiation from the competition
- Opening of new markets
- Indirect government incentives
- Capitalization of assets
- Direct government incentives related to the fight against climate change
Reporting Standards
Frameworks Used: TCFD
Certifications: Null
Third-party Assurance: PwC (ISAE 3000 for Scope 1 and 2)
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:80,927 tCO2e/year
Renewable Energy Share:66%
Total Energy Consumption:546,090,063 kWh/year
Water Consumption:3,783,672 m3/year
Waste Generated:20,349.7 tons/year (non-hazardous)
Carbon Intensity:3.73 eq kg CO₂/RN in 2023
ESG Focus Areas
- Climate Change
- Diversity & Inclusion
- Responsible Governance
- Sustainable Procurement
- Employee Wellbeing
Environmental Achievements
- Reduced emissions by 5.2% (vs 2022)
- 66% of electricity consumed from renewable sources
- 184 hotels with environmental certifications (233 total certifications)
- Offset the carbon footprint of 364 large events (2,544 metric tons of CO2eq)
Social Achievements
- Launched Hotels with a Heart program, providing free rooms to families of sick children
- 51% female team members, 45% female managers
- 171,273 total training hours for team members
- 237,892 indirect monetary contribution in social action
Governance Achievements
- Updated Code of Conduct
- Established a whistleblowing platform
- ESG targets linked to senior management variable remuneration
- Inclusion in S&P Global Sustainability Yearbook 2024
Climate Goals & Targets
Long-term Goals:
- Achieve net-zero emissions by 2050
Medium-term Goals:
- Reduce carbon emissions across the value chain by 20% by 2030
- Achieve net-zero emissions by 2050
Short-term Goals:
- Reduce CO2eq net emissions by 4% by 2024 (vs. 2023)
- Reduce water consumption ratio by 1% by 2024 (vs. 2023)
Environmental Challenges
- Supply chain disruptions
- Climate change related risks (extreme weather, water scarcity)
- Competition from online travel agencies (OTAs)
- Cybersecurity threats
- Data privacy concerns
Mitigation Strategies
- Developed alternative sourcing strategies
- Contingency plans for extreme weather events
- Increased sales through direct channels
- Strengthened cybersecurity mechanisms and protocols
- Implemented data protection measures and training
Supply Chain Management
Supplier Audits: ESG Supplier Program, including self-assessment questionnaires and improvement plans
Responsible Procurement
- Sustainable Procurement Commitment
- ESG criteria in supplier selection
- Code of Conduct for Suppliers
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events
- Floods
- Water scarcity
- Rise in air temperature
Transition Risks
- New climate reporting requirements
- New legal requirements for energy efficiency
- Taxes linked to GHG emissions
Opportunities
- Changes in customer behavior/preferences towards sustainability
- Government incentives for energy efficiency and renewable energy
- Improved brand image
Reporting Standards
Frameworks Used: GRI, TCFD
Certifications: ISO 14001, ISO 50001, BREEAM, LEED, Green Key, Biosphere
Third-party Assurance: Independent third-party assurance provider (details in Appendix VI)
UN Sustainable Development Goals
- SDG 8: Decent work and economic growth
- SDG 11: Sustainable cities and communities
NH Hotel Group's strategy and operations contribute to these goals through various initiatives
Sustainable Products & Innovation
- Eco-Friendly Meeting and Events
- Sustainable Mobility services
- Sustainable amenities
Awards & Recognition
- S&P Global Sustainability Yearbook 2024
- Bloomberg Gender Equality Index 2023