Climate Change Data

Environmental Metrics

ESG Focus Areas

• Circular Economy
• Climate Change
• Waste Management
• Sustainable Seafood
• Coastal Health
• Biodiversity
• Responsible Tourism

Environmental Achievements

• Eliminated single-use plastics by 2020, reducing plastic purchases by 692 tons/year.
• Reduced Scope 1 & 2 emissions by 12.4% by the end of 2022 (from 223,000 to 196,000 tons CO2eq).
• Diverted 12,200 tons of waste from landfills (56%) over nearly 3 years.
• Converted 213 tons of organic waste to compost in 2022, increasing to 349 tons in 2023.
• Achieved 100% renewable electricity at Praia do Forte resort in Brazil and Spain.
• Fully electrified all hotels in Montenegro and one in Spain in 2023.

Social Achievements

• Established 3Rs departments in 61 hotels with 230 employees dedicated to waste reduction, reuse, and recycling.
• Saved over 1.1 million meals and nearly $1.8 million through Winnow Vision in the first eight months of 2023.
• Improved employee engagement and training in sustainability best practices.

Governance Achievements

• Developed and implemented ambitious decarbonization strategy validated by SBTi.
• Committed to the Glasgow Declaration.
• Aligned with UN SDGs and Iberostar's Agenda 2030.
• Published annual Wave of Change Year in Review reports and ESG reports.

Climate Goals & Targets

Environmental Challenges

• Lack of industrial-scale composting facilities in some destinations.
• High manual labor and low entry-level salaries in waste management.
• Waste generation in the upstream supply chain.
• Trade-offs between reducing single-use plastics and other sustainability levers (e.g., increased carbon footprint from glass).

Mitigation Strategies

• Developed internal composting programs and collaborated with external providers and local governments.
• Implemented AI-assisted technologies (Winnow Vision) to reduce food waste.
• Focused on supply chain engagement and partnerships to reduce waste and promote sustainable practices.
• Developed a more holistic approach to waste management, including the 3Rs department.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Sustainable seafood sourcing.
• Expanding sustainable procurement to ruminant meats, tea, coffee, cocoa, and sugar.
• Working with suppliers to use non-virgin materials and assess biodiversity impacts.

Climate-Related Risks & Opportunities

Physical Risks

• Climate change impacts on coastal areas.

Transition Risks

• Regulatory changes related to emissions and waste management.

Opportunities

• Development of energy-efficient products and services.
• Opportunities in nature-based solutions and regenerative tourism.

Reporting Standards

Frameworks Used: SBTi, UN SDGs, Global Tourism Plastics Initiative, Glasgow Declaration

Certifications: LEED (for new constructions)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• SDG 7 (Affordable and Clean Energy)
• SDG 12 (Responsible Consumption and Production)
• SDG 13 (Climate Action)
• SDG 14 (Life Below Water)

Iberostar's initiatives contribute to these goals through decarbonization, waste reduction, sustainable seafood sourcing, and coastal health initiatives.

Sustainable Products & Innovation

• Higher-quality bulk cosmetics, bamboo toothbrushes, reusable fabric laundry bags, aluminum/glass minibar bottles.

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Climate Change

Environmental Achievements

• Reduced absolute Scope 1 & 2 GHG emissions by 85% by 2030 from a 2019 base year.
• Reduced absolute Scope 3 GHG emissions by 50% by 2030 from a 2019 base year.
• Reduced total emissions by 58% by 2030 relative to a 2019 baseline.

Social Achievements

• Launched Wave of Change movement.
• Engaged with employees, suppliers, and communities to foster decarbonization.

Governance Achievements

• SBTi validated targets.
• Established a strategic framework for decarbonization with 10 strategic pillars.
• Developed eleven decarbonization pathways (four for Scope 1 & 2 and seven for Scope 3).

Climate Goals & Targets

Environmental Challenges

• Supply chain emissions (77% of total footprint in 2019).
• Challenges in measuring Scope 3 emissions.
• Dependence on fossil fuel-based electricity in some destinations.
• High emissions from refrigerant gases.
• Need for unprecedented collaboration across travel & tourism and its supply chain.

Mitigation Strategies

• Eleven decarbonization pathways targeting Scope 1, 2, and 3 emissions.
• Supply chain engagement and collaboration.
• Renewable energy sourcing (PPAs, onsite generation, EACs).
• Electrification of fossil fuel applications.
• Energy efficiency improvements.
• Waste reduction and zero waste to landfill by 2025.
• Nature-based carbon offsetting to reach carbon neutrality.

Supply Chain Management

Responsible Procurement

• Circular procurement framework
• Supply Chain Collaboration Program
• Inclusion of net zero building criteria in renovations and new constructions
• Upstream emissions criteria as part of sourcing decisions

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events
• Natural disasters

Transition Risks

• Regulatory changes
• Market shifts

Opportunities

• Development of energy-efficient products and services
• Investment in nature-based solutions

Reporting Standards

Frameworks Used: GHG Protocol, SBTi

UN Sustainable Development Goals

• Goal 7 (Affordable and Clean Energy)
• Goal 13 (Climate Action)

Initiatives contribute to these goals through decarbonization efforts and nature-based solutions.

Environmental Metrics

ESG Focus Areas

• Circular Economy
• Climate Action
• Nature-Based Solutions
• Destination Stewardship
• Blue Foods

Environmental Achievements

• Reduced Scope 1 kWh by 6.49% relative to the 2019 baseline (21,327,060 kWh saved).
• Reduced global waste sent to landfill per stay to 0.69 kg/stay (target was 0.71 kg/stay).
• Reduced global waste generation to 2.02 kg/stay (improved from 2.16 kg/stay in 2022).
• Planted 16,116 mangroves.
• Implemented a Renewable Power Purchase Agreement (PPA) securing green electricity for all Spanish hotels and headquarters (82.5 GWh).

Social Achievements

• Launched Lifting Up Local initiative, supporting 200 families (75% women) in Brazil's sustainable fishing industry.
• Established 3Rs teams in all hotels (251.9 dedicated workers) for waste reduction, reuse, and recycling.
• Conducted materiality assessments in five destinations with stakeholder input.
• Facilitated the establishment of a Collège d’Hotels in Tunisia for sharing best practices.

Governance Achievements

• Developed a decarbonization strategy validated by the Science-Based Targets initiative (SBTi) with a goal of carbon neutrality by 2030.
• Implemented a protocol to control and minimize the usage of F-gases.
• Collaborated with FishWise for seafood evaluation protocol training (29 employees).

Climate Goals & Targets

Environmental Challenges

• Coral bleaching event resulting in significant coral loss (54% in the Caribbean).
• High waste generation rate in Brazil (4.34 kg/stay).
• Decarbonizing Scope 3 emissions due to value chain activities.
• Lack of alternative options for organic waste disposal in Brazil.

Mitigation Strategies

• Implemented pre, during, and post-bleaching management strategies for coral reefs.
• Improved waste management systems and motivated personnel.
• Developed a Circular Economy roadmap focusing on value chain partnerships and standardized measurement.
• Investing in advanced waste treatment plants and collaborating with external companies.

Supply Chain Management

Responsible Procurement

• Sustainable seafood sourcing.
• Circular Economy roadmap focusing on value chain partnerships.

Climate-Related Risks & Opportunities

Physical Risks

• Coral bleaching
• Storm surges
• Erosion

Transition Risks

• Regulatory changes related to emissions and waste management.

Opportunities

• Development of renewable energy projects.
• Investment in blue carbon projects.

Reporting Standards

Frameworks Used: Science-Based Targets initiative (SBTi)

Certifications: MSC (Marine Stewardship Council), ASC (Aquaculture Stewardship Council)

Environmental Metrics

ESG Focus Areas

• Climate Change
• Waste Reduction
• Sustainable Sourcing
• Sustainable Packaging
• Energy Efficiency
• Community Engagement

Environmental Achievements

• Eliminated all single-use plastics by 2020, reducing plastic use by 692 tons per year compared to 2018.
• Installed 1,368 water fountains to replace single-use plastic water bottles.

Social Achievements

• Donated compost produced from food waste to local vegetable farms.
• Partnered with local hydroponic farms to source ingredients.
• Launched Green Ramadan initiative, reducing food waste by 61%.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• High emissions intensity of typical hotel meals.
• High rates of food waste in hotels.
• Inefficient use of resources.
• Supply chain disruptions.
• Rising costs.
• Stringent regulations.

Mitigation Strategies

• Implementing food waste measurement tools.
• Shifting procurement practices to sustainable sourcing.
• Reducing plastic packaging.
• Optimizing kitchen energy use.
• Offering more plant-rich options.
• Sourcing sustainably produced ingredients.
• Using data to drive procurement and meal planning.
• Improving kitchen practices.
• Switching to energy-efficient appliances.
• Switching to renewable energy sources.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Sustainable sourcing of ingredients.
• Reducing B2B plastic packaging.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather
• Supply chain disruptions

Transition Risks

• Regulatory changes
• Rising costs

Opportunities

• Cost savings from waste reduction and energy efficiency.
• Enhanced brand reputation.
• Increased guest loyalty.

Reporting Standards

Frameworks Used: Null

Certifications: Rainforest Alliance

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed