Asian Development Bank
Climate Impact & Sustainability Data (2018)
Reporting Period: 2018
Environmental Metrics
ESG Focus Areas
- Sustainable Tourism
Social Achievements
- Promoting sustainable tourism to maximize economic opportunities while safeguarding ecosystems; Tourism development is linked to the achievement of UN Sustainable Development Goals (SDGs).
Governance Achievements
- Promoting regional approach to tourism development through identifying opportunities for enhancing and expanding cooperation among member countries.
Climate Goals & Targets
Medium-term Goals:
- Develop a more detailed medium-term CAREC Tourism Strategy, setting out a vision and road map for 2030
Environmental Challenges
- Insufficient air connectivity and inadequate transport infrastructure, complex visa regimes and cumbersome border crossing procedures, limited appeal of countries’ tourism products, low quality of tourism standards, shortage of skilled workers, and weak branding and destination image of the region.
Mitigation Strategies
- Recommendations for facilitating common visa procedures, improving air and land transport connectivity, upgrading tourism products and services, developing tourism education and training, developing a standard regional investment framework, and establishing a CAREC tourism expert group.
Supply Chain Management
Climate-Related Risks & Opportunities
UN Sustainable Development Goals
- SDG 8
- SDG 11
- SDG 12
- SDG 14
Tourism is strongly linked to the achievement of these SDGs.