In its commitment to the Planet, embodied throw our Environmental and Climate Change Policy, Minor Hotels Europe & Americas works to minimize its impact on climate change, increase the efficiency of resources and develop more sustainable services. All this, reducing the Company’s environmental footprint with responsible consumption of natural resources.
At the company, the fight against climate change is a fundamental strategic value, and with the aim of advancing in the definition of its climate strategy, in 2021 an analysis was carried out to determine the Company’s situation with respect to the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD) and the steps that should be taken to align with them.
As a result of this analysis, an exercise was carried out to improve the current methodology for the identification of exposure to physical and transitory risks and the opportunities associated to Climate Change. This analysis included a greater level of detail of these risks, as well as short, medium and long-term time horizons.
The Company’s environmental management is channeled through UP for Planet, which defines the roadmap to fulfil the commitments undertaken in the battle against climate change and progress towards decarbonization, the efficient management and the responsible, circular consumption of resources and the development of more sustainable products. This approach is based on three strategic pillars:
