TORONTO—In a strategic move towards nature-based climate action, Lubertex International is the latest business to invest in the planting and preserving of a Smart Forest with Canada’s Forest Trust Corporation (CFT). Together, they unveil the Lubertex International Smart Forest, estimated to store up to 2.5 million kg of carbon throughout its lifetime—equivalent to the emissions from about 13,441 flights between Toronto and Montreal. Lubertex International is a leader in the luxury textiles industry, collaborating with major hotel chains worldwide. As these hotels ramp up their efforts to reduce environmental impact, they are increasingly looking to their suppliers to do the...

LAGUNA BEACH, CALIF.—Researchers estimate up to 11 million metric tons of plastic waste is entering the ocean every year and that by 2025, 11 billion metric tons will have accumulated in the environment. As pollution is impacting the marine ecosystems and wildlife around the globe, the charming adults-only Laguna Beach retreat, Hotel Joaquin, is working with Surfrider Foundation to become an official Ocean Friendly Hotel to support efforts in stopping plastic at the source to minimize pollution. Located just steps away from the residential beach of Shaw’s Cove, Hotel Joaquin is committed to cutting out wasteful single-use plastic to make sustainable choices for...

AMSTERDAM—EVBox, a leading provider of electric vehicle (EV) charging solutions, has been awarded Gold sustainability status from EcoVadis, an international assessment that evaluates a company’s sustainability practices. This is the second year in a row that EVBox has secured Gold status, with a score of 76. EcoVadis’ Gold award reflects demonstrated improvements and contributions towards sustainable growth in the past year. EVBox is committed to implementing sustainable practices, notably with its Net Zero commitment with the support of The Science Based Targets initiative (SBTi), Net Zero Standards for EVBox Suppliers, its Code of Conduct for EVBox Supply Chain and expanding ISO 14001:2015 certification. To...

VICTORIA, B.C.—The Parkside Hotel & Spa announced that it has become a signatory of the Glasgow Declaration on Climate Action in Tourism. This significant milestone marks The Parkside Hotel & Spa’s unwavering commitment to aligning its operations with global scientific recommendations and international agreements to combat climate change. The Glasgow Declaration is a unified call to action for all stakeholders within the travel and tourism sector to address the urgent need for climate action collaboratively. It encourages a shared commitment to reducing emissions in tourism by at least 50 percent over the next decade and achieving Net Zero as soon as possible...

LONDON—IHG Hotels & Resorts, a global leader in hospitality, announces the launch of its Low Carbon Pioneers program, which brings together energy efficient hotels that have no fossil fuels combusted on-site* and are backed by renewable energy. This group of low operational carbon hotels is the first community of its kind in the industry and will help IHG test, learn and share findings on sustainability measures. The ambition is to inspire other properties to join the program and also help encourage wider adoption of carbon reduction practices across IHG’s estate. The first Low Carbon Pioneer hotels span different IHG brands...

SWORDS, IRELAND—Trane Technologies, a global climate innovator, has been recognized in TIME’s inaugural rankings of the World’s Most Sustainable Companies. The list, published in collaboration with market research company Statista, celebrates companies that advance sustainable practices and promote corporate responsibility and social stewardship. “It’s a tremendous honor to be included on TIME’s inaugural list of the World’s Most Sustainable Companies,” said Paul Camuti, Executive Vice President and Chief Technology and Sustainability Officer, Trane Technologies. “Sustainability is at the center of our strategy and is integrated into every aspect of our business. The urgent need for climate action is clear and so...

BERLIN, GERMANY—With focus on its ambitious goal of becoming the first net zero CO2-emission hostel chain in Europe by 2025, a&o Hostels, the world’s largest hostel chain, has released the a&o Sustainability Report 2023, the second annual account documenting its efforts and progress on sustainability issues while serving as an inspiration—even a road map—for other hospitality operators to follow suit. The report offers comprehensive analysis of key sustainability issues and the company’s approach to them over the past year. “At a&o, we are convinced that traveling should be possible for everyone. Travel educates, broadens horizons and creates intercultural understanding,” explains founder and CEO Oliver...

MINNEAPOLIS—Tennant Company, a world leader in designing, manufacturing, and marketing solutions to reinvent how the world cleans, has released its annual Sustainability Report. The report, detailing achievements for the 2023 fiscal year, also marks the first year of reporting on the company’s Thriving People. Healthy Planet. sustainability framework. “Our Thriving People. Healthy Planet. framework is rooted in our daily activity to integrate sustainability into every aspect of our business,” said President and CEO Dave Huml. “We’re proud of the work we’ve accomplished and of the bold goals we’ve set—ambitions that will create shared value for our company, people, communities, and the planet.” Launched in 2023, Tennant’s...

DARIEN, CONN.—Nuveen Green Capital, a leader in sustainable commercial real estate financing solutions, announced that it has closed on both the Thompson Hollywood and the tommie Hollywood in Los Angeles, for a combined total of $90.4 million in C-PACE financing to recapitalize both properties. C-PACE (Commercial Property Assessed Clean Energy) is a flexible financing mechanism that provides commercial property owners and developers access to low-cost, long-term, fixed-rate financing for properties under construction, recently completed, or undergoing rehab. These improvements are centered around providing energy efficiency, water conservation, renewable energy, and resiliency measures to these commercial real estate projects. C-PACE, available...

When Marriott speaks, the entire industry listens, and so it will with the company’s 2024 Serve 360 Report highlighting the company’s global Environmental, Social, and Governance (ESG) efforts and progress toward its 2025 Sustainability and Social Impact Goals. The Report reflects data for the calendar year ended December 31, 2023. The Report can be accessed here. Marriott now consists of more than 30 brands, and more than 8,700 properties in 139 countries and territories. In its report, Marriott separates its 2025 Sustainability and Social Impact goals into four areas: Nurture Our World, Sustain Responsible Operations, Empower Through Opportunity, and Welcome All and...