Research

Less talk, more action - Implementing ESG in Hospitality

Commitment to sustainability is on the rise with $3.9 trillion in sustainable fund assets recorded under management.

May 03, 2022
Contributors:
  • Rekha Toora
  • Ross Petar
  • Jessica Jahns

Regulation is coming down like an avalanche, planning authority policies are changing, capital expenditure is needed, guests are much more environmentally conscious, and hotels need to be operated more efficiently to reduce energy, water and waste consumption.

Commitment to sustainability is on the rise with $3.9 trillion in sustainable fund assets recorded under management, according to Morningstar as of Q3 2021. Europe leads the way, with 88% of global sustainable fund assets held in the region, followed by the Americas and Asia Pacific.

There is regulation coming down like an avalanche, planning authority policies are changing, capital expenditure is needed, guests are much more environmentally conscious, and hotels need to be operated more efficiently to reduce energy, water and waste consumption. Whether you are valuing an asset or acquiring an asset, stakeholders can no longer hold back. What’s more, there is technology out there to help deliver many of these goals.                       

Despite action being taken with Europe leading the way however, there appears to be a lack of clarity on how to become more sustainable and reach NZC. Owners, investors and hotel brands are all talking about sustainability, but yet to find an overall common ground and come together as an industry to tackle the issue head on. Ultimately, all stakeholders are aware that sustainability risk is an investment risk and understand that this is real, and action needs to happen. So now it’s time to talk less and start to see some action.

Fill out this form to download report

There was an error submitting the form. Please try again. 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of sending you the research you have requested.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.