Environmental targets successfully met
2024 marks a turning point for Essendi, with significant advances in sustainability, including the validation of its greenhouse gas (GHG) emissions reduction targets by the Science-Based Targets initiative (SBTi).
These targets are in line with the Paris Agreement, and since 2019, emissions from scopes 1 and 2 have fallen by 17%, thanks to energy-saving measures and targeted investments such as the installation of LED lighting and network insulation.
“Essendi has established itself as a benchmark player in sustainability in the hotel sector. Our commitments are not just promises: they are actions, results and a method that structures our decisions”. – Franck Bermond, Director of Construction and ESG at Essendi
A strengthened ESG strategy across the portfolio
In 2024, Essendi will continue to implement its commitments with 220 Green Key certified hotels, representing 38% of the portfolio, and 95 BREEAM In-Use certified properties, covering 48% of the value of the European hotel portfolio.
In addition, a programme to reduce food waste has been implemented in 50 hotels, reducing waste by an average of 25-30% in the pilot sites.
The Group also carried out its first dual materiality assessment, meeting the standards of the CSRD directive and ESRS standards. This assessment lays the foundations for a strengthened ESG strategy for 2026.
Investments to support sustainable transition
Essendi is preparing phase 2 of its carbon transition plan, with an investment of €208 million up to 2030. This phase will focus on phasing out gas, increasing the use of on-site renewable energies and installing intelligent systems to manage energy consumption.
The Group also plans to integrate ESG criteria into new senior term loan facilities, aiming to align financial tools with its environmental objectives.
With clear objectives for 2030, Essendi continues to show that sustainable performance and profitability are compatible. The Group is demonstrating responsible management of its investments while continuing to reduce its carbon footprint.
Essendi is thus confirming its long-term commitment to sustainability, ensuring both financial profitability and environmental performance.
