BETHESDA, Md., April 22,
2024 /PRNewswire/ -- Marriott International, Inc.
(Nasdaq: MAR) has verified its near and long-term science-based
emissions reduction targets with the Science Based Targets
initiative (SBTi). SBTi is a global climate action organization
that develops tools that allow businesses to set greenhouse gas
(GHG) emissions reduction targets in line with data-driven
methodology. Marriott is the largest global hospitality company to
receive approval for both near-term and long-term science-based
targets.
The company has committed to reduce absolute scope 1 and 2 GHG
emissions 46.2% by 2030 from a 2019 base year. Marriott also
commits to reduce absolute scope 3 GHG emissions from fuel and
energy-related activities, waste generated in operations, employee
commuting, and franchises 27.5% by 2030 from a 2019 base year, and
that 22% of its suppliers by emissions covering purchased goods and
services, capital goods, and upstream transportation and
distribution will have science-based targets by 2028.
Marriott commits to reach net-zero greenhouse gas emissions
across the value chain by 2050, reducing absolute scope 1 and 2 GHG
emissions 90% by 2050 from a 2019 base year and reduce absolute
scope 3 GHG emissions 90% by 2050 from a 2019 base year. The target
boundary includes land-related emissions and removals from
bioenergy feedstocks.
"For nearly a century, Marriott has been committed to our core
value of serving our world as we strive to be a force for good
wherever we do business," said Anthony
Capuano, President and CEO, Marriott
International. "The impact of climate change is being seen
and felt across the globe. As we continue to connect people through
the power of travel, we are committed to driving meaningful
improvements to the environment and are energized by reaching this
significant milestone. The approval of our near-term and long-term
targets is the result of the hard work and dedication of Marriott's
teams around the world who are committed to our climate action
journey and creating the future of sustainable hospitality."
Click here to view an infographic of Marriott International's
science-based net-zero targets.
"Marriott has been on a journey to reduce greenhouse gas
emissions in our operations and supply chain. We believe it's good
business and good for the planet," said Erika Alexander, Chief Global Operations
Officer, Marriott International.
"The decarbonization of the global electrical grid is a vital
component of reducing GHG emissions. We are united with other
leading companies in elevating efforts to help address the effects
of climate change and hold ourselves accountable as we embed
sustainability throughout our operations."
To reach its net-zero target, Marriott is focusing its efforts
in three distinct areas: energy reduction, sourcing more energy
from renewables, and purchasing goods with lower carbon footprints
across its portfolio of over 8,800 properties in 139 countries and
territories.
The company's recent sustainability highlights include:
- Launching the Climate Action Program (CAP), the company's
approach to charting a growth-focused future through building
climate fluency, addressing climate risk, and reducing greenhouse
gas emissions across the organization.
- Delivering property-specific carbon and energy reduction
targets to every managed and franchised hotel globally.
- Enhancing the Marriott Environment Sustainability Hub (MESH), a
global platform for properties to log monthly power, water, and
waste metrics. With these enhancements, properties can now easily
access customized, property-specific information for reducing
energy and carbon.
- Introducing the Energy Optimization Program to help properties
manage rising energy costs. The program assists properties in
conducting an energy audit to identify ways to become more energy
efficient.
- Engaging with suppliers as they work to understand and reduce
their emissions.
- Sharing sustainability information, including individual hotel
carbon footprint data, on Marriott.com.
Marriott's sustainability strategy is focused on a wide range of
tactics including designing resource-efficient hotels, implementing
technologies to track and reduce energy and water consumption, as
well as waste and food waste, increasing the use of renewable
energy, managing water-related risks, focusing on third-party
sustainability certifications at the hotel-level, supporting
innovative ecosystem restoration initiatives, implementing and
responsible and local sourcing.
In support of the United Nations Sustainable Development Goals
(SDGs), Marriott created its sustainability and social impact
platform, Serve 360: Doing Good in Every Direction, which guides
the company's efforts to make a positive and sustainable impact on
the world's most pressing social, environmental, and economic
issues wherever it does business. More details about Serve 360 can
be found at Marriott.com/Serve360.
Note on forward-looking statements:
This press release contains "forward-looking statements" within
the meaning of federal securities laws, including statements
related to the company's plans and expectations related to our ESG
and/or sustainability-related goals, targets and commitments,
including our science-based emissions reductions targets; our
sustainability-related plans, initiatives and strategies; and
similar statements concerning anticipated future events and
expectations that are not historical facts. These statements are
typically accompanied by the words "continue," "plan," "expect,"
"goal," "target," "commit," "commitment," "will," "prioritize,"
"strive," or similar expressions. We caution you that these
statements are not guarantees of future performance and are subject
to numerous evolving risks and uncertainties that we may not be
able to accurately predict or assess, including the risk factors
that we describe in our Securities and Exchange Commission filings,
including our most recent Annual Report on Form 10-K or Quarterly
Report on Form 10-Q. Any of these factors could cause actual
results to differ materially from the expectations we express or
imply in this press release. Goals, targets or commitments
described in this press release are aspirational and subject to
change and are not guarantees or promises that all goals, targets
or commitments will be met. We make these statements as of the date
of this press release, and we undertake no obligation to publicly
update or revise these statements, whether as a result of new
information, future events or otherwise.
Marriott International, Inc. (Nasdaq: MAR) is based in
Bethesda, Maryland, USA, and
encompasses a portfolio of more than 8,800 properties across more
than 30 leading brands in 139 countries and territories. Marriott
operates and franchises hotels and licenses vacation ownership
resorts all around the world. The company offers Marriott
Bonvoy®, its highly awarded travel program. For more
information, please visit our website at www.marriott.com. In
addition, connect with us on Facebook and @MarriottIntl on X and
Instagram.
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SOURCE Marriott International, Inc.