Climate Change Data

Environmental Metrics

ESG Focus Areas

• Sustainable growth

Social Achievements

• Travel & Tourism generated 2,000 jobs directly in 2014 (5.0% of total employment) and this is forecast to remain the same in 2015 at 2,000 (5.0% of total employment).

Climate Goals & Targets

Environmental Challenges

• Weakness and potential volatility of many currencies against the US dollar and a deep recession in Russia, a key outbound market, will slow outbound spending in line with slower world trade overall in 2015.

Mitigation Strategies

• Falling oil prices will bring significant improvements for net oil importers in 2015, easing upward pressure on living costs, increasing disposable household incomes and domestic consumer spending, and lowering air fares.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Tourism Satellite Accounting methodology (TSA:RMF 2008)

Environmental Metrics

ESG Focus Areas

• Not disclosed

Environmental Achievements

• Not disclosed

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Safety and security concerns

Mitigation Strategies

• Governments are working hard to ensure the safety of tourists and to minimise the impact of security threats.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Tourism Satellite Accounting (TSA:RMF 2008)

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Sustainable Tourism

Environmental Achievements

• Not disclosed

Social Achievements

• Empowering small businesses in Puerto Rico through the Island Digital Education Academy (La IDEA) program, resulting in over 5,700 participants with improved digital profiles and over 10,000 new images of tourism-related businesses online.
• Sculpting a more sustainable tourism model for Grenada with the expansion of the Molinière Underwater Sculpture Park, promoting marine conservation and cultural preservation.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Increased competition in the global tourism market as destinations reopen post-pandemic.
• Slower year-on-year growth in Caribbean tourism compared to the rest of the Americas.
• Decreased European arrivals to the Caribbean.
• Slower recovery of business travel compared to leisure travel.
• Potential crises such as environmental disasters, safety concerns, and travel advisories.

Mitigation Strategies

• Developing strategies to remain relevant in a competitive travel environment.
• Strategically targeting key market segments (family groups, business travel, luxury travel).
• Improving connectivity and infrastructure to attract more visitors.
• Implementing data-driven crisis management to assess the impact of events and adapt strategies.
• Promoting multi-destination trips within the Caribbean.
• Focusing on partnerships with airlines and other stakeholders.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed