Potential offtaker

Iberostar Hotels and Resorts

www.iberostar.com

Estimated electricity consumption

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Countries of production presence

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Iberostar Hotels and Resorts is a Spanish hospitality company that operates in the Hotel & Motel (excl Casino Hotel) sector. Founded in 1986, the company has grown to become one of the world's leading hotel chains, with a presence in over 30 countries across the globe. Iberostar Hotels and Resorts is known for its luxurious properties, exceptional service, and commitment to sustainability.

Decarbonisation is a key focus for Iberostar Hotels and Resorts. The company has set ambitious targets to reduce its carbon footprint and become a carbon-neutral company by 2030. To achieve this goal, Iberostar Hotels and Resorts is implementing a range of measures, including the use of renewable energy, energy efficiency improvements, and the adoption of sustainable practices throughout its operations.

One of the key ways that Iberostar Hotels and Resorts is reducing its carbon footprint is through the use of renewable energy. The company has invested heavily in renewable energy sources such as solar and wind power, with the aim of generating 100% of its energy from renewable sources by 2030. Iberostar Hotels and Resorts has also implemented a range of energy efficiency measures, such as the installation of LED lighting and the use of energy-efficient appliances, to reduce its energy consumption.

Corporate energy is another area of focus for Iberostar Hotels and Resorts. The company has implemented a range of measures to reduce its energy consumption and improve its energy efficiency, including the use of smart building technologies and the implementation of energy management systems. These measures have not only helped the company to reduce its energy costs but have also helped to reduce its carbon footprint and improve its overall sustainability.

Corporate power purchase agreements (PPAs) are also an important part of Iberostar Hotels and Resorts' sustainability strategy. The company has signed a number of PPAs with renewable energy providers, which allow it to purchase renewable energy at a fixed price over a long-term period. This not only helps to reduce the company's carbon footprint but also provides a stable and predictable source of energy for its operations.

In addition to its focus on decarbonisation and renewable energy, Iberostar Hotels and Resorts is committed to sustainability across all aspects of its operations. The company has implemented a range of sustainable practices, such as the use of eco-friendly cleaning products and the reduction of single-use plastics. It has also launched a range of sustainability initiatives, such as the "Wave of Change" program, which aims to reduce plastic pollution in the world's oceans.

Overall, Iberostar Hotels and Resorts is a leader in sustainability within the hospitality industry. Its commitment to decarbonisation, renewable energy, and sustainable practices has not only helped to reduce its carbon footprint but has also helped to set an example for other companies in the sector. As the company continues to grow and expand its operations, it is clear that sustainability will remain a key focus for Iberostar Hotels and Resorts.

✓ Science Based Targets member
✓ Declared Net Zero commitment