Sustainability In Hotels

873 Words4 Pages

Introduction
Hotel is a places where the business takes place round the clock and they depend and consume most of natural resources and also generate a lot of waste. It’s a challenging task for hotels to give uncompromised services to their guests in a sustainable manner. The hotel industry in today's business is facing a big problem due to high cost of energy and water for daily operation. As they reduces the profit on one hand on the other hand, the society emphasizes and pays more and more attention to sustainable hotels. In developed nations like European countries, 98% of European hoteliers believe that hotel activities have a negative effect on the environment (Bohdanowicz, 2005). Besides the environmental …show more content…

In past 20 years it has become a new point to firms and organizations as they widely pay attention to it. Effective sustainability reports present a clear view about their performance of society, environment and economy, and to provide a sustainability report an organization has to develop and implement sustainability accounting also called as environmental accounting. An effective sustainability report helps the organizations and firms to measure their impacts and set objectives. It acts as a link between performances and impacts. The sustainability reports benefit the firms and organizations both in internal and external ways. Internal benefits include increasing the organizations' understanding and controlling of risks and opportunities. Also it acts as a reference to managers and decision makers to make a new strategy or policy. Especially, sustainability reports reduce the costs and increase the efficiency. The external aspect includes, improve of the organizations' reputation and brand fidelity by reporting their contribution to society, environment and economy. It provides information of organizations' value and tangible and intangible assets to external stakeholders and increases the trust between the organization and the stakeholders. The necessary elements to provide an effective sustainability …show more content…

Standard disclosure and reporting principles
2. Implementation Manuel

1. Standard disclosure and reporting principles: The standard disclosures and reporting principles contain the norms to be applied by a firm or an organization to prepare its sustainability report along with the definitions of key terms.
2. Implementation Manuel: Implementation manual explains how to apply the Reporting Principles and how to prepare the information to be disclosed. It also gives a clear picture about how to explain the various concepts in guidelines. It also includes references to other sources, an exegesis and notes on general

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