Minor Hotels net zero target gets validated by SBTi

With the validation of its 2050 net zero target by the Science Based Targets initiative (SBTi), Minor Hotels Europe & Americas has achieved a major milestone. The company has also revised its 2030 goals, setting more emissions reduction targets that are set to prevent the release of more than 1,45,000 tonnes of CO₂ equivalent. 

The validation of both these targets underscores the company’s commitment to forceful climate action and places it in line with the Groups’ global sustainability goals. It is making substantial progress towards SBTi validation across its global 2030 and 2050 targets, including a pledge to achieve net zero emissions by mid-century. 

In newly revised 2030 targets, The company aims to reduce its absolute Scope 1 and Scope 2 greenhouse gas (GHG) emissions by 46.2 per cent compared to 2019 levels. Along with a target to reduce its Scope 3 emissions by 27.5 per cent, the company is also committed to reducing its absolute Scope 1, 2, and 3 GHG emissions by 90 per cent by 2050 compared with the 2019 baseline, as well as achieving net zero emissions along its entire value chain. 

 To achieve these targets, the company has created a special cross-cutting taskforce, SBT 2030, which is being coordinated by the organisation’s Sustainable Business Department.

Elena Ruiz, Director of Sustainability at Minor Hotels Europe & Americas stated "Aligning our regional targets with Minor International's global objectives allows us to take a unified approach in addressing climate change, a strategic priority for all companies and one a hotel group of our calibre must be aiming for. Our commitment is embodied in UP for Planet & People, our corporate strategic plan for guaranteeing a sustainable business model. The fact that our new targets have been validated by SBTi is a significant milestone and brings us closer to achieving this shared goal of net zero that bit sooner."