Hilton, Melia and Minor Hotels included in S&P Global Sustainability Yearbook 2024

by: Mark Caswell | February 22, 2024

WORLDWIDE: S&P Global has published its latest Sustainability Yearbook, with several well known brands included in the hotels and resorts section.

The yearbook aims to distinguish those companies within their industries which have demonstrated strengths in corporate sustainability, and for 2024 members were selected according to their 2023 Corporate Sustainability Assessment (CSA) Score.

The assessment covers 26 Environmental, Social and Governance (ESG) criteria, with participants being given a score out of 100.

More than 9,400 companies were assessed for inclusion in the Sustainability Yearbook 2024 across 62 industries, with 759 firms making the grade.

Of those assessed 61 companies fell under the category of Hotels, Resorts and Cruise Lines, and just seven were selected for the yearbook. These were:

  • Amadeus IT Group, S.A.
  • Asset World Corp Public Company Limited
  • Central Plaza Hotel Public Company Limited
  • Hilton Worldwide Holdings Inc.
  • Meliá Hotels International, S.A.
  • Minor International Public Company Limited
  • NH Hotel Group, S.A.

Melia Hotels International was the highest scoring European company in the category with an S&P Global CSA Score of 69. The group also highlighted that it achieved the highest score in its category for ‘Climate Action’.

Last year Melia announced plans to create “digital twins” of the water infrastructure at its properties, to help monitor consumption as well as identify anomalies and improvement areas.

Thai-based Asset World Corporation – which operates 22 properties including Le Meridien Bangkok, and Hilton Sukhumvit Bangkok – achieved a S&P Global CSA Score of 77, placing it in the top 1 per cent , while Minor International (owner of hotel brands including Anantara and Avani) achieved a score of 70, placing it in the top 10 per cent.

Meanwhile Central Plaza Hotel Public Company Limited – owner of the Centara Hotels & Resort brand – achieved a score of 60 and was ranked as an ‘Industry Mover’, meaning it had achieved an improvement in its S&P Global CSA Score of at least five per cent and accomplished the strongest improvement in its industry.

Announcing the 2024 Yearbook Douglas Peterson, president and CEO of S&P Global, said:

“I express our gratitude to the companies that actively participated in the CSA. Involving companies in the data collection and review process via the CSA has been at the foundation of our sustainability research approach for more than 20 years.

“The people responsible for the CSA and Yearbook demonstrate exceptional knowledge, professionalism, and commitment in helping our clients navigate the transition to a sustainable future. My hope is that the Yearbook inspires anyone interested in corporate sustainability initiatives to make a positive impact.”

To see the full S&P Global Sustainability Yearbook 2024 rankings, click here.

Melia to use “digital twinning” to measure water

Image supplied by Melia Hotels International