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Summary of our ESG and governance conversation at Sustainability Bites - it's all about the G. Sustainable Hotel News and Hyatt Place London City East invited industry leaders in hospitality and sustainability to chat about governance in ESG. Here are some key takeaways from the conversation. Thanks to those who came along to offer their thoughts on the big and the little G ! Michael Mason-Shaw, Paul Wells, Anjana Raza, Sarah Duncan, Ufi Ibrahim, Jamie Craze Omnevue World Sustainable Hospitality Alliance Studio Moren Energy & Environment Alliance Sustainability Bites - It's all about the G key takeaways: ✅ There are different types of ways to look at governance – the big G with the box ticking and process for big corporations, and the small G for SMEs fitting in, but all governance matters. And with regards to ESG it will all come down to making sure everyone has the right practices and reporting frameworks in place; 📊 Whether you respond to the carrot or the stick, all sustainability data should be treated as thoroughly as financial data; ⏰ What are we waiting for? Are we waiting for the equivalent of the financial crash for the non-financial data reporting?; 📑 Certifications are currently useful for marketing and communicating sustainable practices, as well as galvanising a team to a common goal, but there needs to be one truth; 🎓 Education is key to the success of governance. We need to better communicate the 'why' of sustainability to the hospitality sector from the bottom to the top; 🎯 Having KPIs and financial remuneration in place around ESG would help hotel teams but few have this system in place. Once hotels have the metrics they can manage the KPIs and it becomes more ingrained. This will eventually happen with ESG; 🗣️ Communication around the business benefits of ESG compliance would be useful; #ESG #sustainability #governance #hotels #reporting #nonfinancialreporting #emissions #data

Sustainability Bites: It’s all about the G - Sustainable Hotel News

Sustainability Bites: It’s all about the G - Sustainable Hotel News

sustainablehotelnews.com

I LOVE this big G, little G concept and the bridge between the two. Focussing on the Y (why) in the G is where the magic happens. What an enlightening discussion.

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