Tag Archives: ESG

The World Travel & Tourism Council (WTTC) and Greenview have launched a Global ESG Policy Tracker that enables Travel & Tourism businesses to stay ahead of rapidly evolving ESG-related regulation and policy around the world. Developed in collaboration with Greenview, a global leader in sustainability and ESG (Environmental, Social, and Governance) data solutions for the hospitality and Travel & Tourism industries, the WTTC-Greenview Global ESG Policy Tracker offers an online interactive dashboard, alongside comprehensive coverage of regional, national-level and state-level ESG policies. Users also benefit from clear regional and thematic policy summaries, quarterly updates to ensure the latest information is always at hand, and access to a dedicated advisory group to shape future developments of the Policy Tracker. The tracker is designed to support Travel & Tourism businesses to navigate complex regulatory landscapes and integrate sustainability considerations into core business decisions. Julia Simpson, WTTC President & CEO, said: “ESG requirements are becoming more complex and more urgent by the day, and this partnership provides an essential tool to help companies not only comply with policy, but also lead the way in responsible, future-focused Travel & Tourism. The ESG Tracker offers timely, clear and actionable insights – helping them benchmark progress, anticipate change, and deliver on their commitments.” Eric Ricaurte, Founder & CEO of Greenview, added: “We are proud to partner with WTTC on this important initiative. Our expertise in ESG policy research and content management allows us to bring high-value, practical intelligence to hospitality leaders across the globe. “Together, we’re building a resource that will drive meaningful change and support long-term resilience across the sector.” The tracker marks a major milestone in the sector’s journey towards more sustainable and transparent operations and builds on …

WTTC’s latest Environmental & Social Research (ESR), created in partnership with the Ministry of Tourism of Saudi Arabia, revealed that in 2023 travel & tourism accounted for 6.7% of all emissions globally, down from 7.8% in 2019, when Travel & Tourism was at its peak. The research showcases a important achievement with the sector’s economic contribution growing faster than its environmental impact. Last year, Travel & Tourism’s contribution to global GDP almost reached pre-pandemic levels at US$9.9TN, just 4% shy of the sector’s peak. However, in 2023 global GHG emissions were 12% below the 2019 peak, with GHG intensity (emissions per unit of GDP) falling 8.4% during this period. This demonstrates the sector’s growth is becoming cleaner. “Our sector is proving that we can grow responsibly,” said Julia Simpson, WTTC President & CEO. “We’re decoupling growth from emissions – Travel & Tourism is expanding economically while lowering its environmental footprint. “This is a defining moment, proving that innovation and sustainability go hand in hand in shaping the future of global tourism. However, while we are decoupling our sector’s growth from the increase in GHG, our aim is absolute reductions. We must accelerate this progress significantly to meet the Paris climate targets. We’re on the right track, but we need to up our game.” A key driver of Travel & Tourism’s emissions is the energy used to power its operations. Although 2023 showed positive trends compared to 2019, it’s clear that there are still significant opportunities to accelerate the green transition. The increases in renewable energy use and reductions in fossil fuel reliance remain relatively modest, highlighting the need for more decisive action. In 2023, the sector’s reliance on fossil fuel energy sources (oil, coal, and natural …