WORLDWIDE: Accor has joined more than 140 companies scoring the highest score of A for the CDP environmental database.
CDP is aligned with the Taskforce for Climate-Related Financial Disclosures, and holds the largest environmental database in the world.
Its scores are widely used to drive investment and procurement decisions towards a sustainable and resilient economy and in an effort to contribute to global carbon neutrality.
For example, last year more than 740 financial institutions with more than US$136 trillion in assets requested companies to disclose data on environmental impacts, risks and opportunities through CDP’s platform, and 23,000 companies responded.
The method used invites members to submit their own information after answering a questionnaire. The company then pays a fee (breakdown of fees here) and then CDP allocates a score of A to D based on the comprehensiveness of the company’s disclosure, awareness and management of environmental risks and demonstration of best practices associated with environmental leadership, such as setting ambitious and meaningful targets.
Those that don’t disclose the information, or provide insufficient information, are scored an F.
Accor has achieved the top A score out of more than 21,000 companies and is one of just 141 which achieved the A List.
The result is in recognition of the Accor Group’s sustainability strategy. Accor has committed to contributing to carbon neutrality by 2050, in line with the Paris Agreement and validated by SBTi.
The hotel group has also undertaken to reduce its carbon emissions by 46 per cent on scope 1&2 and 28 per cent on scope 3 by 2030.
To achieve these commitments, Accor is working closely with its owners and plays an active role as a member of the Sustainable Hospitality Alliance and also the Hospitality Alliance for Responsible Procurement (HARP), of which it is a founding member.
Sherry Madera, CEO of CDP, said: “Congratulations to all the companies on CDP’s A List, and those companies that started or accelerated their journey towards environmental transparency in 2023 – we saw a 24 per cent increase of disclosures last year and that trajectory is to be applauded.”
Sébastien Bazin, chairman and CEO of Accor said: “Accor is paving the way to transform the hospitality industry into a sector that contributes to the environment and the society.
“Thanks to the strong dedication of Accor teams across the world, the group proves that it has the adequate strategy, method, governance, and rigor to pursue its efforts, to support and provide solutions to our owners in their decarbonisation journey and accelerate the deployment of our strategy, in coalition with our stakeholders.”
Madera added: “It is only by laying the groundwork of disclosure that companies can show they are serious about the vital part they play in securing a net- zero, nature-positive future.”
The full list of companies that made this year’s CDP A List is available here
Accor recently partnered with Green Key and Green Globe for to have sustainability certifications for all its properties by 2026.
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