Minor Hotels Europe & Americas Receives SBTi Validation for Updated Decarbonisation Targets

16.07.2024 - 08:26 / breakingtravelnews.com

Minor Hotels Europe & Americas has achieved a significant milestone with the validation of its 2050 net zero target by the Science Based Targets initiative (SBTi). The group has also significantly revised its 2030 goals, setting more ambitious emissions reduction targets that are set to prevent the release of more than 145,000 tonnes of CO2 equivalent.

The validation of both these targets underscores the company’s commitment to forceful climate action, and places it in line with Minor Hotels’ global sustainability goals. The international hotel owner and operator, under the banner of its parent company Minor International, is making substantial progress towards SBTi validation across its global 2030 and 2050 targets, including a similar pledge to achieve net zero emissions by mid-century.

SBTi is the global standard setter for science-backed decarbonisation targets. Its validation is a mark of credibility and commitment, ensuring companies not only set but also achieve significant sustainability milestones in line with the goals of the Paris Agreement.

Updated Targets for 2030 and 2050

In newly revised 2030 targets, Minor Hotels Europe & Americas aims to reduce its absolute Scope 1 and Scope 2 greenhouse gas (GHG) emissions by 46.2% compared to 2019 levels. The company has also set a target to reduce by 27.5% its Scope 3 emissions, encompassing purchased goods and services, capital goods, fuel and energy-related activities, waste from operations, upstream leased assets, and franchises.

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The more ambitious 2030 reduction target expands on the group’s prior commitment, set in 2018, of reducing total GHG emissions by at least 20%, and will prevent the emission of 146,803 tonnes of carbon dioxide equivalent.

Looking ahead to 2050, Minor Hotels Europe & Americas has committed to reducing its absolute Scope 1, 2, and 3 GHG emissions by 90%, compared with its 2019 baseline, as well as achieving net zero emissions along its entire value chain. 

Both of these targets have been scientifically validated and approved by SBTi, emphasising the company’s adherence to the stringent criteria necessary for reducing GHG emissions and contributing to the fight against climate change. The new targets also align Minor Hotels Europe & Americas with the scientific thresholds recommended for businesses in the Paris Agreement to limit global warming to 1.5 degrees Celsius above pre-industrial levels.

To achieve these targets, the company has created a special cross-cutting taskforce, SBT 2030, which is being coordinated by the organisation’s Sustainable Business Department and involves all key areas with the aim of attaining end-to-end decarbonisation.

Aligning our regional targets with Minor International’s