Potential offtaker

InterContinental Hotels Group PLC

www.ichotelsgroup.com

Estimated electricity consumption

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InterContinental Hotels Group PLC (IHG) is a leading global hotel company headquartered in the United Kingdom. The company operates in the Hotel & Motel (excl Casino Hotel) sector, with a portfolio of over 6,000 hotels and 890,000 guest rooms in over 100 countries. IHG's brands include InterContinental Hotels & Resorts, Kimpton Hotels & Restaurants, Crowne Plaza Hotels & Resorts, Holiday Inn, and many more.

As a responsible corporate citizen, IHG is committed to decarbonisation and reducing its carbon footprint. The company has set ambitious targets to reduce its carbon emissions and energy consumption, and has implemented a number of initiatives to achieve these goals.

One of IHG's key initiatives is corporate energy management. The company has implemented a comprehensive energy management program to monitor and reduce energy consumption across its hotels. This includes the use of energy-efficient lighting, heating and cooling systems, and the implementation of energy-saving practices such as turning off lights and equipment when not in use. IHG also works with its suppliers to ensure that they use sustainable and energy-efficient practices.

Another important initiative for IHG is corporate power purchase agreements (PPAs). PPAs allow companies to purchase renewable energy directly from a renewable energy provider, often at a lower cost than traditional energy sources. IHG has signed several corporate PPAs to source renewable energy for its hotels, including wind and solar power. By sourcing renewable energy through PPAs, IHG is reducing its carbon footprint and contributing to the decarbonisation of the energy sector.

IHG is also investing in renewable energy projects. The company has installed solar panels at several of its hotels, including the Holiday Inn Express in Adelaide, Australia, and the Crowne Plaza in Copenhagen, Denmark. These solar panels generate renewable energy to power the hotels, reducing their reliance on traditional energy sources.

In addition to these initiatives, IHG is also working to raise awareness of the importance of decarbonisation and renewable energy. The company has launched a sustainability program called IHG Green Engage, which provides guidance and tools for hotels to reduce their environmental impact. The program includes training for hotel staff, as well as resources for guests to reduce their energy consumption and waste.

IHG's commitment to decarbonisation and renewable energy is not only good for the environment, but also for its bottom line. By reducing its energy consumption and sourcing renewable energy, IHG is saving money on energy costs and improving its profitability. In addition, the company's sustainability initiatives are helping to attract environmentally conscious customers who are looking for sustainable and responsible hotels.

In conclusion, IHG is a leading global hotel company that is committed to decarbonisation and reducing its carbon footprint. The company has implemented a number of initiatives to achieve these goals, including corporate energy management, corporate PPAs, and investment in renewable energy projects. IHG's sustainability program, IHG Green Engage, is also helping to raise awareness of the importance of sustainability and reduce the environmental impact of its hotels. By prioritising decarbonisation and renewable energy, IHG is not only contributing to a more sustainable future, but also improving its profitability and attracting environmentally conscious customers.

✓ Science Based Targets member
✓ Declared Net Zero commitment