An aerial shot of the coastline bordering a sandy beach and palm trees

Tourism and Hospitality

As ESG (Environmental, Social, and Governance) regulations become more rigorous, the tourism and hospitality industry faces increasing pressure to comply with evolving standards like the EU Taxonomy Regulation, which classifies environmentally sustainable activities, and the EU Green Deal, which aims to make Europe climate-neutral by 2050. These regulations are part of a broader push for sustainability that affects all sectors, requiring tourism and hospitality businesses to demonstrate their commitment to environmentally responsible practices.

To navigate this landscape, companies in this sector must adopt a range of environmentally friendly initiatives, such as implementing waste reduction strategies, enhancing energy efficiency, and prioritising sustainable sourcing of materials. Enhancing transparency in operations is also crucial; this includes providing clear and accurate information about their environmental and social impact. Meeting the growing reporting requirements means collecting reliable data on social and environmental impacts, including the carbon footprint of their operations, water usage, and labor practices.

A photo of a plastic bottle and other rubbish on a beach

The Challenge

Companies in the hospitality and tourism sector must ensure they comply with increasingly strict EU regulations by adopting robust environmental and labour practices. This includes implementing sustainable initiatives, such as reducing energy consumption, minimising waste, and sourcing materials responsibly.

Additionally, businesses must meet all reporting requirements, which will involve going beyond the standard desk research and collecting accurate, real-life data on their environmental and social impacts.

Our Solution

Unannounced Site Inspections

Ground Truth Reporting provides valuable insights into the realities of conditions across your supply chain, delivering the evidence needed to meet reporting requirements.

Labour Conditions Assessments

We verify that employees at every level of your supply chain are being treated and paid fairly whilst working in safe conditions.

Global Supply Chain Insights

Our expansive global network of experts can conduct reporting in virtually any market, and ensures that the insights we offer are both culturally and contextually relevant.

A receptionist at a hotel shows a tourist a brochure.

The Outcome

Ground Truth Reporting serves as a critical tool for businesses in the tourism and hospitality industries aiming to meet 2024 EU ESG reporting standards. By offering real-time, accurate insights into environmental practices, social standards, and governance across the supply chain, Ground Truth Reporting enables companies to:

Ensure compliance with complex regulations.
Mitigate risks associated with a site’s environment and labour practices.
Enhance data accuracy for reliable ESG reporting.
Improve stakeholder trust and access to investment opportunities.

Countries

Independent Inspectors

180

Source of Truth

What our Clients Say

“VICTVS has given us the insights we need to accurately track our environmental impact and ensure our staff are being treated fairly across all of our sites. This increased transparency has improved our reputation amongst both guests and stakeholders.”

B Porter, Central Resources Manager

Find out how Ground Truth Reporting can help you.

For more information about our work with the Fashion and Retail industry, please contact us here.