BETHESDA, MD., APRIL 23, 2024 /PRNewswire/ -- Marriott International's (NASDAQ: MAR) science-based short- and long-term emissions reduction targets have been approved by the Science Based Targets initiative (SBTi). The Science Based Targets initiative (SBTi) is a global climate action organization that helps companies set science-based greenhouse gas (GHG) reduction targets using a data-driven methodology. Marriott International is the world's largest international hotel management company with approved science-based short- and long-term emissions reduction targets.
Marriott International has committed to reducing absolute Scope 1 (direct-generated GHG emissions) and Scope 2 (indirect GHG emissions from corporate energy purchases) by 46.2% by 2030 compared to the 2019 base year. Marriott has also committed to reducing absolute Scope 3 (indirect greenhouse gas emissions from the company's value chain) by 27.5% by 2030 compared to a 2019 base year in fuel and energy-related activities, waste from operations, and employee commuting and franchising. In addition, by 2028, the Group plans to set science-based carbon reduction targets for 22% of its suppliers – in areas such as the procurement of goods and services, capital goods, and upstream transport and distribution.
Marriott International is also committed to achieving net-zero greenhouse gas emissions across its value chain by 2050 by reducing absolute Scope 1 and 2 greenhouse gas emissions by 90% from the base year 2019, and reducing absolute Scope 3 greenhouse gas emissions by 90% by the same amount. This target boundary includes land-related carbon emissions and reductions from bioenergy feedstocks.
Marriott International President and chief executive officer Kenoan( Anthony Capuano ）"For nearly a century, Marriott has been guided by our core values of serving the world, creating a positive impact wherever we operate around the world. The effects of climate change are already being felt on a global scale. With our vision of connecting people through the power of travel, we are committed to driving tangible improvements to the environment and are excited to achieve this milestone." The approval of the short-term and long-term goals demonstrates the commitment and results of our global team to climate action. With your hard work and dedication, we are working hard to create the future of sustainable hospitality. "
Marriott International clique Global Chief Operations official Erika Alexander"Marriott International is constantly working to reduce greenhouse gas emissions in our operations and supply chain, and we believe this will have a positive impact on our business and the planet in which we operate," said. The decarbonization of the global power sector is an important part of reducing greenhouse gas emissions. We will join forces with other leading businesses to address the impact of climate change and embrace sustainability throughout our operations. "
Marriott International is focused on three key areas to achieve its net-zero goals: energy conservation, increased use of renewable energy, and sourcing products with a lower carbon footprint at more than 8,800 hotels in 139 countries and territories around the world.
Highlights of the Group's recent sustainability initiatives include:
- Launch of the Climate Action Plan (CAP), which will plan for future growth by building climate knowledge, addressing climate risks, and reducing greenhouse gas emissions across the organization.
- Set carbon reduction and energy saving targets for all managed and franchised hotels worldwide.
- Strengthen the Marriott Environmental & Sustainability Center Platform (MESH), a global platform that monitors and manages the hotel's monthly incoming electricity, water consumption and waste. Enhancements make it easy for hotels to access customized and targeted carbon reduction and energy consumption data.
- Introducing an energy optimization program helps hotels manage rising energy costs. The program assists hotels in conducting energy audits to discover ways to be more energy-efficient.
- Work with suppliers to help them understand and reduce their carbon footprint.
- Share sustainability information on Marriott.com, including carbon footprint data for independent hotels.
Marriott International's sustainability strategy includes strategies such as: designing resource-efficient hotels, introducing technologies to track and reduce energy and water consumption, as well as waste and food waste, increasing renewable energy use, managing water risks, driving third-party sustainability certification, supporting innovative ecosystem restoration initiatives, and implementing due diligence and local sourcing.
In support of the United Nations' Sustainable Development Goals (SDGs), Marriott International created the Serve 360: Doing Good in Every Direction sustainability and social impact platform to guide companies in delivering positive and sustainable impact in the places where they do business and addressing pressing social, environmental and economic issues around the world.
Cautionary Note Regarding Forward-Looking Statements:
This press release contains "forward-looking statements" within the meaning of the U.S. federal securities regulations, including ESG and/or sustainability goals and commitments, including science-based emission reduction targets, sustainability-related plans, initiatives and strategies, and similar statements regarding expected future events and expectations that are not historical facts. These statements are often accompanied by the words "continue," "plan," "expect," "goal," "promise," "will," "priority," "effort," or similar expressions. We caution that these statements are not guarantees of the Company's future performance and are subject to a number of evolving risks and uncertainties that we may not be able to accurately predict or assess, including other risk factors set forth in our most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission. The goals and commitments described in this press release are forecasts and are subject to change, and the Company does not guarantee or promise that the stated goals and commitments will be achieved. Such forward-looking statements are only available as of the date of this press release. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information or other future events or circumstances.
Headquartered in Bethesda, Maryland, Marriott International (NASDAQ: MAR) owns more than 8,800 hotels in 139 countries, including directly operated, franchised and licensed timeshare resorts, and owns more than 30 hotel brands. Marriott International, Inc. operates Marriott Bonvoy®, an award-winning travel program. For more information, please visit the website. To stay up-to-date with the latest Marriott news, visit the online newsroom or follow @MarriottIntl on social media.