Kempinski has unveiled a roadmap that outlines how the company will meet each of the three pillars of ESG in a fully unified approach across the organisation. Photo Credit: Kempinski Hotels
Kempinski has published its first-ever Environmental, Social and Governance (ESG) report 2021 as it steps up efforts to mitigate climate.
The hotel group has unveiled a roadmap that outlines how the company will meet each of the three pillars of ESG in a fully unified approach across the organisation.
In 2021, the Sustainability Committee was formed to redouble efforts and implement a comprehensive sustainability policy across all subsidiaries of the group.
Having established the governance structure for ESG across Kempinski and adopted the reporting standards identified by the International Sustainability Standards Board (ISSB) at COP26, the initial goals were to map internal and external stakeholders, define the metrics used to evaluate internal ESG performance over time, strengthen existing data collection processes and implement new processes where necessary to report on material ESG impacts.
With the report now published, the committee’s next goal over the coming months is to continue the good trend line towards concrete ESG goals and targets. By the end of 2022, ESG targets will be integrated with the broader corporate strategy, following extensive consultation with stakeholders from across the supply chain.
“A well-defined and target-driven approach to improving ESG impacts leads to a multitude of benefits,” says Hadrian Beltrametti Walker, executive vice president, general counsel and interim company secretary, Kempinski Hotels and founder and team leader of the Sustainability Committee.
“Our objectives are to identify concrete goals and targets pertaining to ESG impacts across the Kempinski constellation and to measure 100% of Kempinski corporate and property emissions for 2023.
"At the same time, we must ensure that all Kempinski stakeholders, from hotel owners and employees to suppliers and other parties, are fully onboard and understand the environmental, financial and reputational benefits of these targets.”
In order to meet these goals, Kempinski will continue to work with key professional partners to monitor, measure and mitigate ESG risks and enhance ESG opportunities, such as the successful partnership with environmental benchmarking organisation EarthCheck and homegrown philanthropic initiative BE Health.