Transitioning hospitality to a low carbon economy
The conversation highlighted that ESG is a rapidly growing strategic priority for investors, even though it may not be for hoteliers. In this context, the role as the Alliance Is twofold. First, it is to simplify and facilitate the achievement of ESG targets in a way which stands up to the scrutiny of investors and other stakeholders. Second, it is to help bring the accommodation community closer to the investment community; because with their partners, such as BWS and BREEAM, they are uniquely placed to help address an increasingly important priority, which is transparency on climate risk.
InterAxS is delighted to invite you to an event in partnership with the Energy & Environment Alliance, which will look at the increasingly compelling case for hotel owners to invest now in a range of initiatives that will make their properties more cost-effective, sustainable and valuable.
The overall UK economy has seen a material decline in its energy usage since 1990, and particularly over the past 10 years. By contrast, the accommodation services sector has seen a substantial increase in energy usage over the same period.
With an ambitious target to cut greenhouse gas emissions by at least 68% by 2030, implications for the hospitality sector are clear: cut fossil fuel consumption and invest in greener buildings and operations.
Climate finance funds to support the transition to greener buildings and aggressive targets to eliminate fossil fuel consumption will make renewable energy not just a worthy choice for business, but also a compelling one. Even before regulation, carbon taxes or other penalties are introduced, public opinion and investor sentiment are likely to push businesses into action on climate grounds.
By joining this session, you will:
- Engage with a panel of high-level stakeholders, actively re-engineering their assets and operations to prioritise ESG (environmental, social and governance) performance
- Meet the Chair and CEO of a new organisation dedicated to helping the hospitality industry transition to a zero-carbon economy in a pragmatic, profitable and measurable manner
- Gain a deep insight into investor sustainability focus, the kinds of projects they wish to back and how they may value hotel assets differently in future
The Energy & Environment Alliance which is a new member organisation established to help hotels and other hospitality businesses tackle the challenge of climate change.
Tuesday 23 February 2021
15.00 – Opening introductions
15.10 – Panel introductions & short presentation
15.45 – facilitated Q&A, moderated by Peter Till, EEA Chairman
15.00 - End
Sir David Michels, Chairman, Michels and Taylor
David Stephens, Head of Real Estate Finance at HSBC
Ed Birkin, EEA Economics Advisor
Julia Kochetygova, Investor, Northern Trust & Climate Action 100+