Energy Efficiency, GHG Emissions - August 8, 2022
Hilton Emission Goals Approved by SBTi
Hilton strengthened its GHG emissions goals which aim to cut emissions intensity by 75% in its managed hotels and emissions intensity by 56% and by 2030 in franchised hotels, These goals have been validated by the Science Based Targets initiative (SBTi).
The company's updated benchmarks include additional environmental targets to drive more sustainable operations.
“These enhanced, re-validated targets build upon the progress and impact we’ve created since we launched our Travel with Purpose 2030 goals four years ago, as we seek to deepen our commitment to the areas where we can have the greatest impact,” said Kristin Campbell, general counsel and chief ESG officer, Hilton, in a statement.
In June 2022, SBTi validated that Hilton’s updated GHG emissions reduction targets are aligned with a trajectory to hold global temperature rise to 1.5°C.
By committing to this goal, Hilton joins other business and industry leaders who are responding to the call from the IPCC and targets set during the 2015 Paris Climate Accords. Hilton has also committed to a carbon reduction goal of below 2°C for its franchised properties.
In addition, Hilton announced a new commitment to venture capital fund Fifth Wall’s Climate Tech Fund which will invest in software, hardware, renewable energy, energy storage, smart buildings, and carbon sequestration technologies to decarbonize the $10.5 trillion real estate industry.