The authentication has been provided by the Science Based Targets initiative (SBTi) a partnership between experts such as CDP (Carbon Disclosure Project) and the United Nations Global Compact, which drives ambitious climate action in business.
Major new initiative will set the path for businesses in their quest to net zero
Hotels and other accommodations have a long and costly road to achieving net zero by 2050, according to a report. The EY Parthenon and Booking.com study estimates that the accommodation segment will have to invest €768 billion to achieve net zero in the timeframe.
'This a significant moment and signals the start of the hospitality sector become an industry leader in reducing carbon emissions.'
Global tourism body also announces new ground-breaking social and environmental indicators for the sector