Luxury serviced apartments brand CitySuites just released of its 4th Environmental, Social, and Governance (ESG) Report.
The report offers an overview of the company’s activities, progress and performance in ESG matters over the past year.
Environmental:
CitySuites has been procuring renewable energy for the past three years, investing in water conservation, and adopting waste reduction programs:
Achieving carbon neutrality for the fourth consecutive year.
Diverted 100% of waste away from landfills for the third consecutive year.
Powered operations using 100% renewable energy.
This year, CitySuites retained carbon-neutral status through investing in Verified Carbon Standard projects.
It invested in two independently verified projects that support the global transition to net zero, in line with environmental objectives – the 2015 Paris Agreement, the 2012 Glasgow Climate Pact and UN SDG commitments.
So far, in 2024, CitySuites has developed a carbon reduction glide path, setting annual targets as the business moves towards net zero emissions.
It also entered into a new partnership with 5D Net Zero, a carbon-offsetting investment company.
Social:
The company’s DE&I commitments have:
Achieved Disability Confident Employer accreditation.
Trained eight Mental Health First-Aid Champions.
Raised almost £10k for charitable initiatives.
Formalised an Employee Committee with representatives from every department to meet on issues, including a DE&I programme.
Restored the charitable champions programme to increase focus on donations and voluntary work.
Governance:
The governance framework is designed to drive sustainable growth and maintain ethical standards.
Key components include clear policies which prioritise ethical decision-making and accountability.
Gavin Bailey, Managing Director of CitySuites, commented: “At CitySuites, we believe that luxury and sustainability can coexist. By adopting a sustainable business model, we are demonstrating that high-end experiences can be achieved without compromising the planet.”
