NH Hotel Group to Cut Carbon Emissions Twenty Percent by 2030

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NH Hotel Group to Cut Carbon Emissions Twenty Percent by 2030

MADRID—Sustainability is one of NH Hotel Group’s most important pledges and a key strategic value. As such, it permeates everything the company does. Framed by its broader sustainability effort, the multinational has committed to reducing carbon emissions all along its value chain by 20 percent by 2030, thus preventing the emission of over 70,000 tons of carbon dioxide into the atmosphere.

NH Hotel Group’s target, which has been validated by the Science-Based Targets initiative—a leading alliance mobilizing the world of business to take action against climate change, championed by CDP, the United Nations Global Compact, World Resources Institute and World Wide Fund for Nature—is specifically to cut its scope 1, 2 and 3 (direct and indirect) greenhouse gas emissions across its entire business chain by 20 percent with respect to those registered in 2018.

Establishment of this concrete target puts NH Hotel Group on the path towards significantly reducing its carbon footprint in the coming years, aligned with the target embraced in the Paris Agreement of limiting the rise in global warming to under 2ºC. In this manner it is engaging in the initiatives being undertaken around the world to transition towards a low-carbon economy.

Business Model Compatible with Low-Carbon Economy

Rufino Pérez, Chief Operations Officer & Global Transformation Leader at NH Hotel Group, said, “The fact that we have set a science-based target is going to help us advance towards a business model that is compatible with a low-carbon economy and allow us to take advantage of all of the attendant opportunities. Attainment of this milestone will imply accelerated and large-scale transformation in which we will involve all our stakeholders. Our entire organization is totally committed to meeting this target.”

This new sustainability commitment is framed by NH Hotel Group’s new Business Plan. With it, the company is taking a fresh step up in its ongoing efforts to spearhead climate strategy in the hotel sector. Indeed, NH Hotel Group was already acknowledged in early 2019 for its progress in this respect, earning a score of A- from CDP Climate Change (formerly known as the Carbon Disclosure Project).

“We have been actively supporting climate change mitigation since 2007, since when we have managed to reduce our operations’ carbon footprint by 67 percent. Moreover, in the last year, 70 percent of all of the energy we consumed came from renewable sources. However, now is the time to be even more ambitious with our sustainability targets,” added Pérez.