Marriott Reviews on Environmental, Social and Governance Progress
Marriott Worldwide has launched its 2021 Serve 360 Report, which reveals the company’s progress in direction of its 2025 Sustainability and Social Affect Objectives.
The targets had been created with the United Nations Sustainable Growth Objectives (SDGs) in thoughts, working to empower native communities, create extra sustainable practices for each associates and friends, in addition to foster secure and inclusive working environments and lodging for all.
The 2021 Serve 260 Report outlines 2020’s influence on these targets. The company has been widely known for its dedication to being an ideal office for girls, folks of coloration and other people with disabilities, incomes the highest rating on the Human Rights Marketing campaign’s Company Equality Index for the previous eight years. It has additionally been listed on the 2021 Bloomberg Gender-Equality Index, earned first place on DiversityInc’s 2020 High 50 Firms for Range record, earned a top score on the Disability Equality Index and was named one in all America’s Most Accountable Firms by Newsweek.
The report’s targets are break up up into 4 completely different classes. The Nurture Our World class contains the company’s targets of increase the communities during which its lodges are positioned by volunteerism and different practices. Throughout the pandemic, the company didn’t meet its yearly aim for volunteer hours. Nonetheless, the company grew to become one of many largest company blood donors for the American Purple Cross, internet hosting nearly 500 blood drives with over 14,000 models of blood donated.
The second class is the Maintain Accountable Operations, which incorporates sustainability practices like decreasing water and vitality consumption, investing in renewable vitality, decreasing waste and different initiatives.
For now, Marriott’s aim to cut back carbon emissions by thirty % by 2025 is on observe, with a discount of 32 % since 2016’s carbon emissions stage, partly this 12 months as a result of lack of occupancy throughout the pandemic. Marriott’s aim to spend money on 250 adaptive reuse lodge tasks, during which it develops a lodge from an present constructing or lodge, is forward of schedule, having opened 184 adaptive reuse lodges since 2016.
Its aim to have all of its lodges licensed to a acknowledged sustainability customary is not on time, reporting 32 % of its portfolio having been licensed sustainable. Its different aim, to supply 30 % of its vitality consumption from renewable sources, is the least accomplished aim to date, the company having sourced 0.eight % of its vitality from renewable sources.
The third class is the Empower By Alternative class. Marriott has partnered with all kinds of nonprofits to assist empower folks from deprived communities, veterans, folks of coloration and incapacity, individuals from the LGBTQ+ community, refugees and extra to develop into members of Marriott’s workforce.
To date, all of its targets on this class are on observe. The company goals to speculate $35 million to develop hospitality expertise within the at-risk and underserved communities by 2025; up to now it has invested $eight million since 2016.
Its aim to have its management be represented equally when it comes to gender has been accelerated to be met in 2023, with 44 % of its world executives being ladies. Lastly, its aim to have folks of coloration characterize 25 % of its executives by 2025 is almost met, with 20.5 % of executives being folks of coloration on the finish of 2020.
Its final aim class, to Welcome All and Advance Human Rights, focuses on points like recognizing and deterring human trafficking, in addition to creating lasting partnerships with nonprofits and including human rights standards into development contracts. To date, every of the company’s targets are on observe, with 825,000 of its associates having already been skilled to acknowledge and reply to human trafficking and having had 91 contracts comprise human rights standards.
“Whereas we, together with the remainder of the world, proceed to concentrate on pandemic response and restoration, we all know we additionally should be steadfast in our wider dedication to Serve Our World, significantly to cut back our environmental impacts,” stated Anthony Capuano, Chief Govt Officer, Marriott Worldwide.
“I’m pleased with what the corporate was capable of obtain throughout this era and the way we’ve additionally tackled a number of the most difficult points dealing with our trade and society. As we make progress on our sustainability and social influence journey, we stay targeted on aligning our strategy with present local weather science and are devoted to having a constructive influence on the communities the place we function,” continued Capuano.