Committed to net-zero by 2050 Radisson Hotel Group is building on a long heritage of sustainability since 1989 and strengthening its performance with a net-zero carbon future in sight by 2050. The road for recovery requires us to think different. Our recovery during which we can accelerate sustainable growth. Radisson Hotel Group is a truly transformed company ready for the rebound. We remain prudently optimistic about the recovery timeline, with full business recovery by 2023. In this new era with redefined expectations and requirements, we see that the hospitality industry is accelerating its impact on key sustainability topics to enable responsible and sustainable growth. Our Yes I Can! spirit clearly demonstrates Radisson Hotel Group is ready for a swift return to business with a strong overall company and sustainability strategy and a unified future vision to continue to engage all stakeholders in a path to responsible hospitality. By working together as a global team, we listen, support, and empower our teams through open communication, trust, and setting clear targets. This also requires us to work together to reassure investors, owners, and clients and set new standards on the road to recovery. Radisson Hotel Group is devoted to operating our worldwide hotel portfolio sustainably with the lowest possible carbon, water and waste footprints. I’m therefore pleased to announce that Radisson Hotel Group is setting emissions reduction targets in line with what climate science says is necessary, decarbonizing our business.
Committed to Science-Based Targets To reach net-zero global emissions by 2050 at the latest to limit global warming to 1.5°C by the end of the century, RADISSON HOTEL GROUP is committing to set net-zero targets. This includes a long-term science-based target to reach net-zero value chain GHGs emissions by no later than 2050 in line with the SBTi Net-Zero Standard.
Science based targets Radisson Hotel Group is committed to setting Science Based Targets which will be audited by the Science Based Targets initiative. All targets will be consistent with the level of decarbonization required to keep global temperature increase to 1.5°C compared to preindustrial temperatures.
Race to Zero
Carbon Reduction Strategy
Therefore, Radisson Hotel Group will be part of the Business Ambition for 1.5°C campaign and has also join the UNFCCC Race to Zero campaign. While Net Zero by 2050 seems far away, we need to act swiftly and in a globally coordinated manner to accelerate change if we want to reach the goal of Net Zero or even think about Net Positive. Bringing this ambition to live, requires us to work even mor closely together with property owners, builders and architects.
Radisson Hotel Group actively strives to reduce its carbon footprint by enabling its carbon reduction strategy with energy efficiency and renewable energy as the two key impact levers. Radisson Hotel Group’s strategy includes a commitment to provide stakeholders with tools resources and certifications across the whole portfolio.
The support and understanding of our shareholders, partners, hotel owners and developers have been instrumental, and we believe that cross-sectoral partnerships combining asset owners, finance, sustainable solution providers and hotels in a destination-based approach is a powerful force for good towards a more sustainable future.