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The Importance Of Sustainability Reporting

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SUSTAINABILITY REPORTING

Environmental, social and economic awareness is a rising trend in hotel companies around the world. Sustainability is the utilization of currently available resources, while being cautious so as to not hamper their availability for the generations to come.
It is one of the key factors considered by business executives while making decisions pertaining to corporate development. The future success of any organization depends heavily on the sustainability practices followed by them in the present. The amalgamation of sustainability while following the business plan is often a challenging task, which can be overcome by following a systematic approach and maintaining complete transparency when it comes to how they plan …show more content…

Companies, boards and their management are devoting more time to comprehend sustainability practices. One of the leading organizations in sustainability is the Global Reporting Initiative (GRI), it encourages organizations to use sustainability reporting and devote themselves to becoming more sustainable. As the GRI explains, a sustainability report is a report that is officially published by the organization, which explains what ecological, environmental and social practices they have undertaken in order to undertake sustainability development activities.
Many companies have taken a step ahead in order to contribute to sustainable development. Sustainability Reporting can help a company measure their economic, environmental and social performance. Companies from all sectors work on sustainability development and present reports on it, be it hospitality or industrial. It is also an intrinsic element of integrated reporting; a more recent development that combines the analysis of financial and non-financial …show more content…

The ITC hotel group take this sincerely by reducing water consumption by 60% , energy utilization by 20% and five branches of the ITC hotels have decarbonized their actions by the usage of wind energy. ITC hotels are the first chain to be certified platinum rated by US Green Building Council, a non-profit organization dedicated to sustainable building design and construction.
They have devoted their valuable time to focus on achieving green status. They have been water positive since the last 11 years and carbon positive since eight years. They have shifted to using renewable energy by reducing consumption by 41% of its total energy requirements. They have made an effort towards afforestation across 142000 hectares of

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