Sustainability Reporting, Measurement, and Metrics
Measuring sustainability is a process of collecting and analyzing sustainability-related data. Comparisons require benchmarks and time considerations.
When measuring sustainability, two key equations should be considered:
Sustainability = People + Planet + Profit
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Industry Issues
· What specific items of hotel operations should be measured?
· How are life cycle impacts of hospitality operations addressed?
· What is the benefit of one sustainability initiative when compared to another?
· How can companies with a large portfolio of hotels manage all the data required to measure carbon footprints, water usage, and waste generation?
· How can hotels meet the requests of meeting planners for measuring the environmental impact of specific meetings?
Solutions
· Pursue industry consensus on measurement items
· Consider measurement capabilities and necessities when drafting procurement standards
· Design measurement programs at property and portfolio levels
· Implement measurement tools, software, and programs that facilitate data collection and leverage the information provided
· Set a scope for measuring the impacts of initiatives through their life cycle