Arena Hospitality Group’s Post

Seizing Opportunities in China's Sustainable Investment: Executive Summary This report, jointly published by HKTDC and ACCA, highlights the significant opportunities presented by China's growing focus on sustainable investment. It emphasizes the increasing demand for green products and services, driven by government policies and a rising awareness among consumers. The report identifies key sectors with strong potential for sustainable investment, including renewable energy, green buildings, and sustainable transportation. Key Takeaways: 1.Government Support: China's government is actively promoting sustainable development through policies and financial incentives, creating a favorable environment for sustainable investments. 2.Growing Consumer Demand: Chinese consumers are increasingly conscious of environmental issues and are willing to pay a premium for sustainable products and services. 3. Emerging Opportunities:Sectors like renewable energy, green buildings, and sustainable transportation offer substantial investment opportunities with strong growth potential. 4. Challenges and Risks:Despite the positive outlook, challenges remain, including the need for robust regulatory frameworks, access to financing, and a skilled workforce to support sustainable development. Insights on Sustainable Development in the PRC Hotel Industry The report's findings have significant implications for the China hotel industry. Here are some key thoughts: 1. Green Hospitality: Hotels can capitalize on the growing demand for sustainable travel by implementing green practices. This includes energy efficiency measures, waste reduction, water conservation, and using locally sourced and organic food. 2. ESG Integration: Hotels should integrate Environmental, Social, and Governance (ESG) principles into their operations. This includes reducing their carbon footprint, promoting diversity and inclusion, and ensuring ethical sourcing and labor practices. 3. Guest Engagement: Hotels can engage guests in sustainable practices by providing information on their green initiatives, offering eco-friendly options, and encouraging responsible behavior. 4. Innovation and Technology: Leveraging technology to improve energy efficiency, monitor resource consumption, and enhance guest experience can be key to achieving sustainability goals. Overall, the PRC hotel industry has a unique opportunity to embrace sustainable development and position itself as a leader in the global hospitality sector. By implementing innovative solutions and engaging with stakeholders, hotels can contribute to a more sustainable future while enhancing their brand image and attracting environmentally conscious travelers. #ESG #HotelIndustry #Sustainable #SDG #HKTDC #ACCA #GHM #田哲夫

“Moving sustainability from the goal post to the starting line implies that hotel businesses are no longer competing on sustainability credentials. The differentiation among hotel businesses becomes the scale and ambition of their restorative and regenerative practices.” (Legrand, Inversini, Laeis & Hindley (2024). From Sustainable to Net Positive Hospitality. In V. Ratten (Ed.), Encyclopedia of Business Management, Elsevier – in-press) Catching up with Glenn Mandziuk MEDes. MCIP FRSA at the World Sustainable Hospitality Alliance Member Summit; we discuss 'Net Positive Hospitality' and the work of the Impact Committees on Standards & Reporting, Financing the Transition, Supply Chain Optimisation, Technology Transfer, Risk & Resilience, and Communications & Public Relations - read and view here: https://lnkd.in/eY4Du8M2 There is plenty of work on the table as the hospitality sectors seeks to align efforts and develop common, universal standard, criteria and reporting around sustainability performance with better opportunities for transparency comparison and benchmarking. A big step forward: the creation of a World Academy for Sustainable Hospitality tailoring professional sustainability education across all departments and levels within hotel organizations. A quick but packed 15-minutes catch up to get up to speed on the Alliance's latest developments. #hospitalitynet #HNTVInsiders #hospitalityindustry #netpositivehospitality #regenerativehospitality #sustainablehospitality #WSHA #netpositivebusiness #universalcriteria

How can hospitality premises achieve their ESG ambitions? Our hospitality partner Nadia Milligan outlines practical steps that can be taken to help improve premises’ ESG objectives. Read more here: https://ow.ly/CnIN50TBaZM

We are pleased to announce the publication of UOL’s 11th annual sustainability report titled “Shaping a Sustainable Future” for the fiscal year 2023. The report adheres to the GRI Standards and aligns with recommendations from the Task Force on Climate-related Financial Disclosures (TCFD). We achieved several milestones for our sustainability performance during the year. The Group received an improved "AA" rating from MSCI ESG, positioning us among industry leaders in the real estate development and diversified activities industry. Last year, we embarked on our journey for the Global Sustainable Tourism Council (GSTC) certification and in February 2024, we were the first Singapore hospitality group to achieve the GSTC Multi Site certification for all our Singapore hospitality properties. Our commitment to doing our part for climate change remains high on our agenda. As a result of our efforts, the Group achieved a 20% reduction in GHG emissions in 2023 for our commercial and hospitality properties compared with our 2019 baseline.   UOL Group Chief Executive Liam Wee Sin said: “Collective efforts and partnerships are crucial to addressing the complex environmental, social and economic challenges facing us today. We thank all our stakeholders for their continual support on our sustainability journey. We look forward to creating more value for our stakeholders and shaping a sustainable future for our current and future generations, together.”   Read the full report here: https://lnkd.in/dKaB-Bks   #UOLGroup #sustainabilityreport #GRI #reporting #shapingasustainablefuture

The #Pathway to Net Positive Hospitality aims to align the #hospitalityindustry behind the most material and crucial issues, leading towards the #harmonisation of industry #sustainabilityprinciples. Created with insights from members of the World Sustainable Hospitality Alliance, in consultation with #sustainability and industry experts, it aligns with the major #industrystandards, #ratings and #frameworks to lead towards the harmonisation of global #metrics, including: ➡ 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐟𝐫𝐚𝐦𝐞𝐰𝐨𝐫𝐤𝐬 World Travel & Tourism Council Hotel Sustainability Basics #GlasgowDeclaration for #ClimateAction in #Tourism GBTA | Global Business Travel Association RFP template Global Tourism Plastics Initiative (#GTPI) - One Planet network - 10YFP Travalyst Accommodation Framework ➡ 𝐑𝐞𝐩𝐨𝐫𝐭𝐢𝐧𝐠 Corporate #SustainabilityReporting Directive (#CSRD) European Sustainability Reporting Standards Global Reporting Initiative (GRI) Sustainability Accounting Standards Board (#SASB) Taskforce on Climate-related Financial Disclosure (#TCFD) ➡ 𝐂𝐞𝐫𝐭𝐢𝐟𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬 Global Sustainable Tourism Council (GSTC) Industry Criteria Green Globe Certification Green Key Global ➡ 𝐆𝐥𝐨𝐛𝐚𝐥 𝐬𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐩𝐫𝐢𝐧𝐜𝐢𝐩𝐥𝐞𝐬 𝐚𝐧𝐝 𝐬𝐭𝐚𝐧𝐝𝐚𝐫𝐝𝐬 International Labour Organization Labour Standards Net Positive Hospitality Principles United Nations Sustainable Development Goals (#SDGs) Sustainable Markets Initiative Terra Carta #UN Global Compact UN Tourism Ethics in Tourism World Benchmarking Alliance Social Transformation Framework If your company is looking to meet the requirements of any or all of these standards, ratings or frameworks, access the Pathway now to get started on your journey, no matter your location, size or experience. Explore the free digital Pathway: https://lnkd.in/d25YqRrs #SustainabilityGuidance #SustainableHospitality #SustainableDevelopmentGoals #HarmonisingStandards #HarmonisingSustainability #CollaborationforChange

Recent figures suggest that hotel profit margins are expected to decline, while customers are showing a growing preference for businesses that prioritise sustainability. Against this backdrop, Environmental, Social, and Governance (ESG) frameworks offer a lifeline—both for managing costs and increasing a company's revenue by enhancing its reputation. In our latest Insights article, Pablo Maldonado, Chair HLB Mexico, examines the key areas where ESG can deliver significant benefits for the hospitality sector: https://buff.ly/3YItPsi #HLBInsights #Hospitality #ESGstrategy #RegulatoryRisk #Sustainability

😲In case you forgot to register... 👉Register now for today's live webinar "Building Your Company Sustainability Mission and Policy" https://lnkd.in/eEq9PFhC 📅Wednesday, 29th May 2024, 15:00 - 17:00 CET 🗣️Language: English 🛠️Craft Your Mission: Learn to develop a compelling Company Mission Statement that aligns with sustainability goals. 🗝️Key Components: Discover the essential elements and best practices for creating a robust sustainability policy. 💡Practical Tips: Get actionable advice on integrating sustainability principles into your organizational culture and daily operations. ❗ Don't miss this opportunity to lead your business towards a greener future❗ European Innovation Council and SMEs Executive Agency (EISMEA) INSULEUR - The Network of Insular Chambers of Commerce and Industry of the EU OTIE - Observatory on Tourism for Islands Economy Cámara de Comercio de Mallorca Vagabond Tours Ltd Global Sustainable Tourism Council (GSTC) #sustainable #tourism

Current data indicates that profit margins in the hotel industry are anticipated to decrease, while consumers increasingly favor companies that emphasize sustainability. In light of this trend, Environmental, Social, and Governance (ESG) frameworks provide a valuable opportunity to both control expenses and boost revenue by improving a company's reputation. In our most recent Insights article, Pablo Maldonado, Chair of HLB Mexico, explores the crucial areas where ESG can create substantial advantages for the hospitality industry: https://buff.ly/3YItPsi #HLBInsights #Hospitality #ESGstrategy #RegulatoryRisk #Sustainability

Certification isn’t the only way to assess sustainability and as a measure of a set of actions, rather than results, its not perfect . But it does provide a useful framework for tourism businesses of all sizes to start their sustainability journey.

Are We Seeing the Beginning of Harmonization in Sustainability Reporting? 📢 Emmanuel Faber, Chair of the International Sustainability Standards Board (ISSB), recently announced significant collaborations with the GHG Protocol, the Global Reporting Initiative (GRI), and the Carbon Disclosure Project. Founded in November 2021 after COP26, the ISSB's mission is to develop IFRS Sustainability Disclosure Standards to simplify the sustainability reporting landscape. A 2021 EY study revealed around 600 ESG reporting standards globally at the time of the ISSB's launch. Since then, ISSB standards have been adopted by 20 jurisdictions, representing 50% of the world's GDP. This adoption is a major step toward bringing more consistency and transparency to sustainability reporting. Why is harmonization key? It simplifies reporting, enhances comparability, and avoids redundancy. No more "doing the work twice"! Efficiency and accuracy for companies mean better data for stakeholders and better sustainability strategies. 💙 At Circular Unity, we applaud this announcement and strive for more harmonization in sustainability reporting in the coming years. With our solution impactALL, we aim to be part of this change, helping companies streamline their sustainability reporting and navigate different frameworks. Help us lead the charge towards a more sustainable future! Vote for Circular Unity at the WSTHA and support our mission to harmonize sustainability standards in travel and hospitality. Your vote makes a difference! 🗳️ 🌱Vote for World's Leading Sustainable Supply Chain Programme 2024 👉  https://lnkd.in/diYUVvZN 🌱 Vote for World's Leading Sustainable Technology 2024 👉 https://lnkd.in/dWMBc79b #CircularUnity #Sustainability #ClimateAction #CarbonAccounting #WSTHA2024 #ISSB #GHG #SustainabilityStandards