Our Environmental, Social, and Governance (ESG) Strategy
Thursday 2nd November, 2023 by Host & Stay
We are thrilled to announce the launch of our Environmental, Social, and Governance (ESG) Strategy, an essential step towards aligning our operations with sustainable and responsible business practice. This strategy encompasses a range of initiatives that will not only reduce our environmental footprint but will also enhance the well-being of the communities we serve and the staff we employ. We believe it’s our duty to regularly review and improve our operations to further benefit the communities we operate in.
This important development is set to positively impact the operations of the properties we manage as well as the environment. We continuously strive to enhance not only our services, but also the manner in which we deliver it with a strong focus on sustainability and conscientious practices.
We are pushing boundaries to create better places to live, work and stay, and our new development is an extension of this.
Three Pillars of ESG
ESG comprises of three pillars: environmental, social and governance. All three pillars collectively contribute to effective performance with positive benefits for the wider markets, society and the world as a whole.
At Host & Stay, ESG is deep-rooted in our DNA. It’s part of the way we work with our clients, act in the community, treat our colleagues and operate as a business. Looking ahead, our three areas are as follows;
Identifying and Implementing New Measures
One of the key elements within our ESG Strategy is to ensure we are identifying and implementing measures to enhance the sustainability of the properties we manage, including initiatives such as:
As a company, we have already made great headway on the reduction of single use plastic and the removal of harmful chemicals in our cleaning practices. However, we want to and can do more!
Host & Stay X Envirorental
We are thrilled to introduce our partnership with EnviroRental, the go-to source for short-term rental sustainability resources. This collaboration with EnviroRental allows us to provide our property owners with tangible, practical strategies for greening their business. Our commitment to our owners, to ourselves and to the environment is unwavering, which is why we wholeheartedly support EnviroRental’s mission.
Green action isn’t only smart for the planet, it’s smart for your business as well!
Making a Difference
In the final quarter of this year and throughout next year, our team will be conducting thorough assessments of each property under our management, with the aim of identifying specific opportunities for improvement. We are confident that these efforts will not only have a positive impact on the environment but also contribute to long-term cost savings and enhance the overall value of your investment.
Research has shown that 76% of travellers are considering sustainability as a key deciding factor when looking to book accommodation next year, with nearly two thirds (65%) expressing that they would feel better about staying at a particular accommodation if they knew it had a sustainable certification or label. Not only this but the leading partners we already work with, such as Airbnb and Booking.com, are pushing initiatives/sustainability badges for those hosts who are working towards the shared goal of reducing our impact on the environment.
We are encouraging our property owners to incorporate the following sustainability measures where possible.
We are very excited about this new chapter and the positive outcomes it promises for our partnership, the wonderful properties that we manage and the environment that all of us rely on. We believe that together, we can make a meaningful difference that will pave the way for others to follow in our industry.