Nature and its ecosystem services are at the center of the hospitality business proposition: from food and beverage offers to guests' enjoyment of natural landscape at a destination. Nature is not only a 'capital' component available to businesses, but a source of solutions to mitigate and adapt to climate change and protect biodiversity while ensuring the well-being of staff and guests alike. Nature is a prerequisite for a successful business, however, a 40% drop in natural capital per person has been recoded over the past two decades (Dasgupta, 2021). 'Burning' though this inventory of natural capital without a regeneration plan should result in alarm bells ringing. As the Science-Based Target Networks summarizes: "Nature is the backbone of human well-being and the foundation for all economic activity" (SBTN, 2020, p.2). Considering the value of nature to the hospitality industry and the threat of biodiversity collapse, recording and accounting for natural capital and integrating the outcome into the decision-making processes while setting regeneration targets is crucial. Ahead of the official launch of the Decade on Ecosystem Restoration (on World Environment Day, June 5th) by the United Nations, here are a three questions to tackle ((choose one or answer all, sharing of best practices is welcomed):

  1. Hotels located in urban settings: which nature-based solutions result in value added to guests, staff, owners and community?
  2. Hotels located in natural settings (e.g. forest, coastline): what actions can be undertaken to maintain or restore the ecosystems?
  3. Cooperation/Support for greater impact: where can hoteliers obtain help, support or join forces to achieve results

References

  • Dasgupta, P. (2021), The Economics of Biodiversity: The Dasgupta Review, London: HM Treasury.
  • SBTN (2020). Science-Based Targets for Nature: Initiatil Guidance for Business. Science Based Tageets Network.
  • Tew, N.E., Memmott, J., Vaughan, I.P., Bird, S., Stone, G.N., Potts, S.G., and Baldock, K.C.R. (2021). Quantifying nectar production by flowering plants in urban and rural landscapes. Journal of Ecology, 109(2). https://doi.org/10.1111/1365-2745.13598
Maribel Esparcia Pérez
Maribel Esparcia Pérez
Managing Partner of the European Sustainable Hospitality Club

In the value creation process, it is key to move from the risk management and efficiency stage to a holistic proactive approach, creating systems instead of focussing on goals, new business practices, and cross-industry solutions. Some recommendations would be to:

  • Introduce food waste prevention technology and educational programs.
  • Offering plant-based food alternatives on menus.
  • Using technology as desalinizing water for pool and garden, installing a thermostatic showerand, and systems to reuse grey waters.
  • Sustainable procurement initiatives, permaculture, seasonal, and local producers.
  • Having an EMS. Prevent and reduce waste applying circular economy principles (e.g using products like Sheedo).
  • Ecodesign, biophilic buildings, and avoid concrete (water footprint). The production of cement, steel, and other building materials associated with construction is a source of greenhouse gas emissions.
  • Do not rely on offsetting. Carbon-reduction targets present opportunities to create value from decarbonization. There are tech­nologies to reduce carbon emissions for companies in hospitality.
  • Investors capital-allocation strategies to tackle ESG's. Many hedge funds and hospitality investors are CDP signatories. It is key to incorporate the SBTi, TCFD reporting of climate-related financial information, for risk management and investor disclosure.
  • GRI/SASB for disclosures. May be required by jurisdictions in support of the UN SDGs or specific public policy objectives (e.g., EU Green Deal).
  • Taking a proactive approach to tackling these issues will improve the business strategy and allow to engage and communicate with guests that are expecting honest, transparent, and conscious behavior. Furthermore, those conservation practices can be revenue-generating activities. 
  • Hotel operators have the opportunity to establish strategic partnerships with local public, private entities, and NGOs to restore ecosystems, species conservation, preserve natural heritage, from restoring flora and fauna in the highland to reef conservation in the coastline.

It is crucial to understand the impact that those challenges have on the economic stability, human rights, and the welfare of communities and societies. Solutions should include social issues in strategies, regulations, or policy development. The European Sustainable Hospitality Club supports hotels with education and building strategic alliances.

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