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Hotels",false,"https:\u002F\u002Fcdn.griinstitute.org\u002Fuploads\u002Fhubnews\u002FBanner_eC_1920x1080_Sem_Filtro_[1]_2022_5_05_16_43_20_1651779800.jpg","https:\u002F\u002Fcdn.griinstitute.org\u002Fuploads\u002Fhubnews\u002FCover_600x600_[1]_2022_5_05_16_42_33_1651779753.jpg","https:\u002F\u002Fcdn.griinstitute.org\u002Fuploads\u002Fhubnews\u002FBanner_eC_1920x1080_Sem_Filtro_[1]_2022_5_05_16_33_04_1651779184.jpg","2022-05-12T00:00:00.000Z","https:\u002F\u002Fcdn.griinstitute.org\u002Fuploads\u002Fhubnews\u002FCover_600x600_[1]_[1]_2022_5_05_16_33_04_1651779184.jpg","Arnaud Mesureur \u002F Unsplash","Sustainable, hospitality, real estate, ESG, hotels","While sustainability was not a material topic until 2018 for most players, now the impacts of climate change on their business are already tangible and real. ","https:\u002F\u002Fcdn.griinstitute.org\u002Fuploads\u002Fhubnews\u002FSocial_500x500_2022_5_05_16_42_33_1651779753.jpg",1442,"2022-05-05T16:33:04.000Z","2024-05-28T05:54:43.000Z",[1465],{"id":1466,"newsId":1447,"languageId":47,"title":1450,"subtitle":1467,"content":1468,"summary":8,"takeaways":8,"seoTagConversionId":8,"seoTag":8,"seoTitle":8,"seoKeywords":8,"seoDescription":8,"seoAbstract":8,"seoImage":8,"createdAt":1469,"updatedAt":1470,"language":1471},1933,"Sustainable hospitality in 2022 and beyond","\u003Cp dir=\"ltr\">While sustainability was not a material topic until 2018 for most players, now the \u003Cstrong>impacts of climate change\u003C\u002Fstrong> on their business are already tangible and real. Capital and debt tend to be more tied to net-zero commitments and transition plans, especially since \u003Cstrong>COP26\u003C\u002Fstrong>. \u003C\u002Fp>\r\n\r\n\u003Cp dir=\"ltr\">To further understand the tangible paths for sustainability in hotels in 2022, the 2nd session of the \u003Cstrong>GRI Sustainable Hospitality Global Committee\u003C\u002Fstrong> brought together changemakers leading the ESG agenda in the real estate industry. \u003C\u002Fp>\r\n\r\n\u003Cp dir=\"ltr\">Committee Members and Special Guests put a spotlight on key \u003Cstrong>certification tools\u003C\u002Fstrong> that may support different stakeholders to achieve sustainable commitments. The committee brought leaders from three different organizations that provide data, tools, benchmarks, and accreditation for hotels in their pathway to certification. \u003C\u002Fp>\r\n\r\n\u003Cp dir=\"ltr\">The main purpose of a \u003Cstrong>certification framework \u003C\u002Fstrong>is in offering companies the level of technicality required to get the message across and achieve sustainable commitments. \u003C\u002Fp>\r\n\u003Cspan style=\"font-size:10px\">\u003Cem>*Disclaimer: While this review highlights the most relevant topics under discussion, it does not contemplate the full discussion between the Board and all Members. In addition, committee sessions also dedicate time for networking.\u003C\u002Fem>\u003C\u002Fspan> \u003Cbr \u002F>\r\n \r\n\u003Ch2 dir=\"ltr\">\u003Cem>GSTC Criteria – a global standard for sustainability in travel and tourism \u003C\u002Fem>\u003C\u002Fh2>\r\n\r\n\u003Cp dir=\"ltr\">The session started with Randy Durband, CEO of \u003Cstrong>GSTC \u003C\u002Fstrong>(Global Sustainable Tourism Council). He stated that GSTC developed the first global standard for sustainability in travel and tourism. \u003C\u002Fp>\r\n\r\n\u003Cp dir=\"ltr\">With a special focus on the operational aspects of hotels, the organization aims to support net-zero in hospitality with the standard GSTC Criteria. Besides, they are used for education and awareness-raising, policy-making for businesses and government agencies, measurement, and evaluation. \u003C\u002Fp>\r\n\r\n\u003Cp dir=\"ltr\">They are arranged in four pillars: \u003C\u002Fp>\r\n\r\n\u003Cul>\r\n\t\u003Cli dir=\"ltr\">\r\n\t\u003Cp dir=\"ltr\">Sustainability Management; \u003C\u002Fp>\r\n\t\u003C\u002Fli>\r\n\t\u003Cli dir=\"ltr\">\r\n\t\u003Cp dir=\"ltr\">Social & Economic Benefits (maximize benefits to the host community and minimize negative impacts); \u003C\u002Fp>\r\n\t\u003C\u002Fli>\r\n\t\u003Cli dir=\"ltr\">\r\n\t\u003Cp dir=\"ltr\">Cultural Heritage (maximize benefits to communities and culture and minimize negative impacts);\u003C\u002Fp>\r\n\t\u003C\u002Fli>\r\n\t\u003Cli dir=\"ltr\">\r\n\t\u003Cp dir=\"ltr\">Environment (maximize benefits to the environment and minimize negative impacts)  \u003C\u002Fp>\r\n\t\u003C\u002Fli>\r\n\u003C\u002Ful>\r\n \r\n\r\n\u003Cp dir=\"ltr\">Another point highlighted was the \u003Cstrong>ISO certification \u003C\u002Fstrong>base developed by the organization. Taking several pioneering ISO standards in sustainable hospitality operations, GSTC Criteria is supposed to deliver an accreditation service with a framework that can operate globally and on any scale. \u003C\u002Fp>\r\n \r\n\r\n\u003Ch2 dir=\"ltr\">\u003Cem>GRESB – a benchmarking tool for ESG performance\u003C\u002Fem> \u003C\u002Fh2>\r\n\r\n\u003Cp dir=\"ltr\">Real Estate Director Van Thiel Charles was keen to present to the board \u003Cstrong>GRESB\u003C\u002Fstrong>, an organization that validates, scores, and benchmarks ESG performance data, with business intelligence and engagement. GRESB tools provide a standardized framework that connects \u003Cstrong>real estate investors, managers, and developers \u003C\u002Fstrong>to deliver a comprehensive picture and help them accelerate the transition to sustainable real estate assets. \u003C\u002Fp>\r\n\r\n\u003Cp dir=\"ltr\">Institutional investors may use GRESB analytical tools to collect data and monitor ESG opportunities, risks and impacts, and engage with investment managers. Through the GRESB Assessments, managers and operators should get the ESG performance of their portfolios and assets benchmarked. \u003C\u002Fp>\r\n \r\n\r\n\u003Cp dir=\"ltr\">\u003Cimg src=\"https:\u002F\u002Flh5.googleusercontent.com\u002F29Ar5zwS_NjhYbbBaSr3Z9zXCrhK82vHqKeT8amhvFOA5BqjIas1hAZwO7VINrfPdPniu6wktWG5s8rQlsAXmXLjIKvxDFXeDf7xj1AG25dyu-_tM0d1KaXwAAgxKJSBHjcWNinHw5ClOhVcSg\" style=\"height:238px; width:425px\" \u002F>\u003C\u002Fp>\r\n \r\n\r\n\u003Cp dir=\"ltr\">When it comes to recognizing a certification scheme, GRESB follows 5 minimum requirements:  \u003C\u002Fp>\r\n\r\n\u003Cul>\r\n\t\u003Cli dir=\"ltr\">\r\n\t\u003Cp dir=\"ltr\">Real estate and sustainability focused, and certified at asset-level; \u003C\u002Fp>\r\n\t\u003C\u002Fli>\r\n\t\u003Cli dir=\"ltr\">\r\n\t\u003Cp dir=\"ltr\">The assessment process and criteria documents\u002Finformation are available and robust; \u003C\u002Fp>\r\n\t\u003C\u002Fli>\r\n\t\u003Cli dir=\"ltr\">\r\n\t\u003Cp dir=\"ltr\">The technical development of the scheme is overseen by a governance body; \u003C\u002Fp>\r\n\t\u003C\u002Fli>\r\n\t\u003Cli dir=\"ltr\">\r\n\t\u003Cp dir=\"ltr\">The certification is based on a technical documentation review and\u002For on-site assessment; \u003C\u002Fp>\r\n\t\u003C\u002Fli>\r\n\t\u003Cli dir=\"ltr\">\r\n\t\u003Cp dir=\"ltr\">The certification process is conducted by an independent, third-party, and qualified professional \u003C\u002Fp>\r\n\t\u003C\u002Fli>\r\n\u003C\u002Ful>\r\n\r\n\u003Cp dir=\"ltr\">According to Charles, as discussions on ESG responsibility since the pandemic have gained an unprecedented relevance, the number of companies consulting GRESB to assess ESG performance, likewise, has increased 24% from 2020. GRESB is not focused only on hotels but serves all types of assets. \u003C\u002Fp>\r\n \r\n\r\n\u003Cp dir=\"ltr\" style=\"text-align:center\">\u003Cimg src=\"https:\u002F\u002Flh3.googleusercontent.com\u002FDMmYK6eW93j8h6SJGLNOVYlHPLuQQLoEUK-93vYMCOC-eX9Vlhkuu79pDZjlL6uewAFwaWVSWH-o6eGsXwvPnJi5fygy7Owz1pZsnOIKagg06U7TNGAnjo_uKGFSYOE6LH6BJ_Z_D5UBGZv0Vw\" style=\"height:298px; width:299px\" \u002F>\u003C\u002Fp>\r\n\r\n\u003Cp dir=\"ltr\" style=\"text-align:center\">\u003Cem>\u003Ca href=\"https:\u002F\u002Fwww.griinstitute.org\u002Flanding\u002Freal-estate\u002Fthe-gri-esg-impact-investment-global-committee-report_3791.html\" target=\"_blank\">Read our ESG Global Committee Report | 2021\u003C\u002Fa> \u003C\u002Fem>\u003C\u002Fp>\r\n \r\n\r\n\u003Ch2 dir=\"ltr\">\u003Cem>EEA & BREEAM – Co-creating a science-backed sustainable standard\u003C\u002Fem> \u003C\u002Fh2>\r\n\r\n\u003Cp dir=\"ltr\">\u003Cstrong>EEA \u003C\u002Fstrong>(Energy & Environmental Alliance), like GSTC, also deals specifically with hospitality but targets the design, construction, and management of hotels. Ufi Ibrahim, Chief Executive of EEA, presented the company as a pioneer for scientifically robust standards and metrics on hospitality operational processes. \u003C\u002Fp>\r\n\r\n\u003Cp dir=\"ltr\">One key challenge brought by Ufi was the need for \u003Cstrong>data\u003C\u002Fstrong>, as intellectual input is not enough. It is essential to define optimum ranges covering energy, water, transport, management, waste, pollution, health and well-being, land use and ecology, and materials. \u003C\u002Fp>\r\n\r\n\u003Cp dir=\"ltr\">EEA is actively getting hospitality data into BREEAM platform and certification, which is recognized, especially in Europe, as a leading sustainability method for master-planning construction projects, infrastructure, and buildings. With the partnership, explains Ufi, BREEAM and EEA are co-creating a scientifically standard for sustainable building management in the hospitality industry. It can help investors and managers to better place their capital and resources, but also governments and lawmakers to draft better regulations to promote sustainable practices. \u003C\u002Fp>\r\n \r\n\r\n\u003Ch2 dir=\"ltr\">\u003Cem>Certification Framework – science-backed and standardized tool for progress\u003C\u002Fem>\u003C\u002Fh2>\r\n\r\n\u003Cp dir=\"ltr\">The certification process can sometimes be similar, but it is far from simple. Special Guests from the three companies agreed that the industry needs to dissect what exactly is relevant to each specific real estate sector when it comes to great standards. \u003C\u002Fp>\r\n\r\n\u003Cp dir=\"ltr\">Another hurdle mentioned by GRI members was the lack of a single approach to reaching and defining net-zero. A clear mandate from the respective Management to evaluate what \u003Cstrong>net\u003C\u002Fstrong>-\u003Cstrong>zero \u003C\u002Fstrong>means for each company is also urgent. On the other side, a science-backed and standardized tool for progress is key to solving bottlenecks and helping stakeholders.\u003Cbr \u002F>\r\n\u003Cbr \u002F>\r\nAs the great majority of investors are including \u003Cstrong>carbon neutrality \u003C\u002Fstrong>objectives in new investment strategies, looking at initiatives that are focused on collecting data and science-based targets will be decisive. \u003C\u002Fp>\r\n \r\n\r\n\u003Ch3 style=\"text-align:center\">\u003Cem>\u003Cstrong>Session Highlights\u003C\u002Fstrong>\u003C\u002Fem>\u003C\u002Fh3>\r\n\r\n\u003Cdiv class=\"youtube-embed-wrapper\" style=\"height:0; overflow:hidden; padding-bottom:56.25%; padding-top:30px; position:relative\">\u003Ciframe allowfullscreen=\"\" frameborder=\"0\" height=\"360\" src=\"https:\u002F\u002Fwww.youtube.com\u002Fembed\u002FEZM7y0AbPXo?rel=0\" style=\"position:absolute;top:0;left:0;width:100%;height:100%\" width=\"640\">\u003C\u002Fiframe>\u003C\u002Fdiv>\r\n \r\n\r\n\u003Cp dir=\"ltr\" style=\"text-align:center\">\u003Cem>\u003Ca href=\"https:\u002F\u002Fwww.griinstitute.org\u002Fmedia-center\u002Fvideo\u002Fgri-global-committees\u002Fsustainable-hospitality-certification-as-support-to-net-zero_215\" target=\"_blank\">Watch the full session here\u003C\u002Fa>.\u003C\u002Fem> \u003Cbr \u002F>\r\n \u003C\u002Fp>\r\n\r\n\u003Cp dir=\"ltr\" style=\"text-align:center\">\u003Cem>Not a \u003Cspan class=\"company-profile-link\" data-id=\"1\">GRI Club\u003C\u002Fspan> Member yet? \u003Cbr \u002F>\r\nExplore more: \u003Ca href=\"https:\u002F\u002Fwww.griinstitute.org\u002Fexperience\" target=\"_blank\">griinstitute.org\u002Fexperience\u003C\u002Fa> \u003C\u002Fem>\u003C\u002Fp>\r\n","2022-05-05T16:33:18.000Z","2022-05-12T17:25:38.000Z",{"code":13},{"id":25,"color":27,"translations":1473},[1474,1476,1478],{"title":26,"slug":30,"language":1475},{"code":13},{"title":37,"slug":38,"language":1477},{"code":18},{"title":33,"slug":34,"language":1479},{"code":23},[1481],{"id":85,"label":1187,"translations":1482},[1483,1485,1487],{"label":1187,"slug":1198,"language":1484},{"code":13},{"label":1201,"slug":1202,"language":1486},{"code":18},{"label":1205,"slug":1206,"language":1488},{"code":23},[],[],{"en":1492},"\u002Freal-estate\u002Fcertification-as-support-to-net-zero-hotels_1777",[1494,1495,1496,1497,1498,1499],"Infra Brazil","Infra Latam","Real Estate Brazil","Real Estate Europe","Real Estate India","Real Estate Latam"]