Increasingly, businesses are incorporating sustainability and environmental, social, and governance (ESG) criteria into their strategic planning, operations, and reporting.
The recent introduction of the European Sustainability Reporting Standards (ESRS) and the associated Corporate Sustainability Reporting Directive (CSRD) adopts a phased approach, eventually mandating disclosure of risks and opportunities related to environmental and social issues, along with the impact of corporate activities on people and the planet for large and listed companies operating in the EU.
The materiality assessment is the process by which the undertaking determines material information on sustainability impacts, risks and opportunities. This is achieved by the determination of material matters and material information to be reported in the undertaking’s sustainability statement. The performance of a materiality assessment based on objective criteria is pivotal to sustainability reporting which shall include relevant and faithful information about all impacts, risks and opportunities (IROs) across environmental, social and governance matters determined to be material from the impact materiality perspective or the financial materiality perspective or both. -EFRAG
We will support you with the assessment, including the hotel’s upstream and downstream value chain, in addition to its own operations.
Against the backdrop of evolving sustainability regulations in the EU and beyond, coupled with the aforementioned context, the following inquiries emerge:
- Which social and environmental aspects should hotels prioritize in measurement and reporting, and what metrics should be employed?
- What are the primary obstacles to assessing social sustainability, and how can these challenges be surmounted?
With this workshop you will learn about:
- ESG, sustainability, and climate-related skills and competencies; feeling more confident and knowledgeable of the related risks and opportunities
- Adding these skills/competencies to your board’s skills matrix and governance documents, and enhancing your value to the organization/board