This sector relates to the following sub-sectors: Hospitality & Recreation
Hospitality & Recreation
Each section below relates to the TPT Disclosure Framework principles of Action and Accountability. The below provides further guidance for sub-elements 4.1 and 4.2. The TPT welcomes comments on this guidance to ensure it is as useful as possible for preparers and users. The text is open for comment until Friday, 24 November. Please select the feedback form at the bottom of the page. The final text will be updated in February.
This sub-sector includes three relevant industries: Casinos & Gaming; Hotels & Lodging; and Leisure Facilities. Casinos & Gaming includes companies that operate gambling facilities and/or platforms and is an industry categorised by a high degree of regulatory oversight; Hotels & Lodging is a competitive industry including companies that provide customers with overnight accommodation and primarily comprises of large hotel chains; Leisure Facilities comprises of companies that operate entertainment, travel and recreation facilities and services such as amusement parks, athletic clubs, cinemas, sports stadiums and other venues.
Note: Some entities in the Hospitality & Lodging Sector all engage in activities of the Restaurant industry. For issues regarding food, waste, and sourcing, please refer to the Food & Beverages Summary.
1. Transition to renewable energy to power properties and facilities5, 6, 7
- shift to renewable energy sources (e.g., on-site solar panels, wind turbines, or through purchasing agreements); and
- in high-rise buildings, prioritise purchasing of renewable energy (Renewable Energy Certificates (RECs).
2. Increase efficiency and electrification of operations, technologies, and furniture, fittings and equipment (FF&E)2,4
- implement advanced energy management systems (e.g., optimise lighting, heating, and cooling based on occupancy);
- adopt efficient technologies in new builds and retrofits (e.g., smart thermostats, energy-efficient gaming equipment, variable frequency drives, boiler/chiller upgrades, LED lighting);
- install low-flow faucets, showerheads, and toilets;
- switch to low-GHG emissions heating sources (e.g., heat pumps);
- establish a regular horizon scanning on new technologies with a regular review process to evaluate energy consumption patterns and current technology effectiveness;
3. Reduce emissions associated with sourcing, procurement, leasing, wastage and disposal (e.g., building materials, transportation, food and beverages)5
- partner with vendors utilising electric vehicles and optimise delivery routes (e.g., supplies, waste collection, etc.);
- source products sustainably (e.g., bedding, curtains, uniforms from eco-friendly materials); and
- in making procurement decisions, consider the impact of wastage and disposal (e.g., overstocking may lead to increased upstream emissions associated with food production and downstream with food waste).
4. Support development of low / near zero GHG buildings through purchase, leasing and franchising of buildings2, 4
- utilise purchase, leasing and franchising processes to reduce operational emissions by focusing on energy-efficient building designs and retrofits;
- collaborate with industry peers and provide financing for low/near zero GHG materials to reduce embodied emissions.
5. Implement Circular Strategies1
- minimises single-use items across properties and facilities (e.g., toiletries, cutlery);
- procure packaging with recycled content and high reusability/recyclability; and
- reuse, repurposing or recycling large items (e.g. beds/mattresses), including during contracted refurbishments and retrofits.
Energy management 3,5
- total energy consumption (GJ) by source (self-generated or purchased), fuel type, and by property management type (managed versus franchised);
- percentage energy consumed that is supplied from grid electricity, calculated as purchased grid electricity consumption divided by total energy consumption;
- percentage energy consumed from renewable sources, with subdivision between sourced from REGOs, PPAs or self-generation.
- total water withdrawn (m3) from all sources, including surface water, groundwater, rainwater, and water and wastewater obtained from municipal water supplies, utilities or other entities;
- total water withdrawn (m3) by source; and
- total water consumed (m3) in business operations.
- total food and material wastage (Mt) and percentage recycled.
Climate Change Adaptation6
- number of lodging facilities located in 1,000-year flood zones.
- emissions intensity expressed as tonnes per operational unit, e.g. conditioned space (MtCO2e/m2 conditioned space) or occupied room (MtCO2e/occupied room);5,6
- emissions from Franchises should be disclosed under Scope 3, Category 14.5, 6
Hospitality & Recreation literature
- Green Alliance, Completing the Circle, 2018
- International Energy Agency, Transition to Sustainable Buildings., 2013
- IFRS, [Draft] Industry-based Guidance on Implementing IFRS S2, 2022
- McKinsey & Company, Building value by decarbonizing the built environment | McKinsey, 2023
- Sustainable Hospitality Alliance, Global Hotel Decarbonisation Report, 2017
- World Travel & Tourism Council (WTTC), A Net Zero Roadmap for Travel & Tourism, 2021
The TPT welcomes comments on the Sector Summary to ensure it is as useful as possible for preparers and users. The Sector Summary was open for comment until Friday 24 November and, following consideration of the feedback received, will be updated in February. Thank you to the industry experts who provided comments.