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World Travel & Tourism Council Launches Online Tool to Help Understand ESG Laws
Posted On 21 Dec 2015
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Stressing that success for the sector relies on the preservation of the environment, cultures and their peoples, the World Travel & Tourism Council (WTTC) has announced the launch of an online tool that helps companies understand the laws and regulations relating to the reporting of environmental, social and governmental (ESG) issues.
The WTTC welcomes the agreement reached following COP21 (Conference of Parties) in Paris, which binds the world’s governments to report openly on their plans to cut greenhouse gas emissions and to be transparent about the policies they put in place to address climate change.
The travel and tourism sector, which has long been acknowledging its responsibility to ensure its growth is sustainable and inclusive, is set to grow by 3.5 percent in 2015, bringing the sector’s total contribution to the world economy to US$7.8 trillion, and supporting 284 million jobs across the globe.
Based on WTTC’s “Environmental, Social & Governance reporting in Travel & Tourism: Trends, Outlook and Guidance” report, the tool allows companies to see the specific legislation or regulation on ESG reporting by country linked to the year of in which such rules were introduced. This information applies to all industries, not just travel and tourism.
“Whilst as a sector we continue to look to improve our sustainable practices and the legislation on ESG reporting, the tool allows organisations to communicate with and engage stakeholders. The onus is on all companies in all industries to report their environmental impact, this tool helps them understand where they need to act,” WTTC President and CEO David Scowsill explains.
“Reporting on the practices we are implementing to combat climate change is a starting point and a commitment towards a more sustainable future of not just our sector but any industry.”
The tool can be found here.
