Hyatt Shares Environmental and Social Impact Reporting, Eclipses Critical DE&I Goals and Sustains Momentum with Key 2023 Initiatives
World of Care annual reporting includes progress in advancing care for the planet, people and responsible business
As the world evolves and new challenges emerge, Hyatt has advanced its global Environmental, Social and Governance (ESG) strategy through World of Care, which was derived by closely listening to what is most important to colleagues, guests, customers, hotel owners, investors and the communities in which Hyatt hotels operate around the world. Grounded in transparency and accountability, annual World of Care reporting enables Hyatt to share progress against 2030 environmental goals and 2025 Change Starts Here commitments across who the company employs, develops and advances; who we support; who we buy from and work with.
“Over the past 65+ years, care has been at the heart of everything we do at Hyatt, which is why caring for the planet, people and responsible business – the three pillars of World of Care – are so deeply embedded across our organization,” shared Margaret Egan, executive vice president, general counsel and executive sponsor of World of Care. “As we move forward on our journey to help preserve and support thriving destinations, now and in the future, we will continue to challenge ourselves to listen, learn and take action against the evolving needs and priorities of our stakeholders.”
Caring for the Planet: Advancing Environmental Action to Support Vibrant Destinations Around the World
From a pilot program to reduce food waste in
As part of the waste and circularity goals, seven Hyatt hotels in
In support of taking action against climate change, Hyatt-owned hotels
Caring for People: Surpassing DE&I Goals and Expanding Support for Human Trafficking Survivors
Through multiple efforts, including Hyatt’s Change Starts Here commitments and RiseHY, a global program providing career pathways for young people, Hyatt’s DE&I strategy encompasses unique perspectives from colleagues, guests and members, customers and hotel owners to foster a true sense of belonging and bring Hyatt’s values to life.
“Through World of Care, Hyatt is prioritizing inclusive behaviors at all levels of our organization, and we are committed to ensuring that our DE&I practices are more than just words on a page,” said Malaika Myers, chief human resources officer, Hyatt. “It’s about putting empathy into action and building an organization whose leaders reflect the diverse communities in which Hyatt hotels operate around the world.”
In line with Hyatt’s commitment to report on workforce diversity data annually, Hyatt’s third-annual report shows increased levels of people of color leaders and managers in the
As part of progress toward who Hyatt buys from and works with, we continue to drive efforts to include Black, Latino, Asian, female and veteran suppliers into our supply chain opportunities. At the end of 2022, Black suppliers accounted for one-third of total diverse- and women-owned supplier spend, surpassing Hyatt’s 2025 Change Starts Here
Hyatt also emphasized its global workforce diversity ambitions at the regional level by creating opportunities for colleagues across offices and properties. For example, the INSPIRIT Mentoring Program was created to embrace equity and empower female leadership growth and has successfully facilitated more than 170 mentor and mentee relationships across 18 countries in the
Hyatt’s purpose to care for people includes respecting human rights and promoting the wellbeing of the most vulnerable. Since helping to launch the American Hotel & Lodging Association Foundation’s No Room for Trafficking (NRFT) Survivor Fund in 2022 with a
Caring for Responsible Business: A New Focus on Working with Other Businesses
Hyatt affirmed its commitment to fulfill the company’s values through other organizations it does business with by adding a new focus area: Working with Other Businesses. This includes owner, operator and supplier engagement, a Supplier Code of Conduct and a supplier diversity program. Additionally, Hyatt is working with suppliers to engage EcoVadis, an organization that screens suppliers on criteria such as environment, labor and human rights, ethics and sustainable procurement.
To learn more about Hyatt’s World of Care efforts and progress, visit www.Hyatt.com/worldofcare or browse the 2022 World of Care Highlights, 2022 DE&I Report and 2022 GRI Index.
The term “Hyatt” is used in this release to refer to Hyatt Hotels Corporation and/or one or more of its affiliates.
About Hyatt Hotels Corporation
Hyatt Hotels Corporation, headquartered in
Forward-Looking Statements
Forward-Looking Statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Our actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by the use of words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “will,” “would” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to, general economic uncertainty in key global markets and a worsening of global economic conditions or low levels of economic growth; the rate and the pace of economic recovery following economic downturns; global supply chain constraints and interruptions, rising costs of construction-related labor and materials, and increases in costs due to inflation or other factors that may not be fully offset by increases in revenues in our business; risks affecting the luxury, resort, and all-inclusive lodging segments; levels of spending in business, leisure, and group segments, as well as consumer confidence; declines in occupancy and average daily rate; limited visibility with respect to future bookings; loss of key personnel; domestic and international political and geo-political conditions, including political or civil unrest or changes in trade policy; hostilities, or fear of hostilities, including future terrorist attacks, that affect travel; travel-related accidents; natural or man-made disasters, weather and climate-related events, such as earthquakes, tsunamis, tornadoes, hurricanes, droughts, floods, wildfires, oil spills, nuclear incidents, and global outbreaks of pandemics or contagious diseases, or fear of such outbreaks; the pace and consistency of recovery following the COVID-19 pandemic and the long-term effects of the pandemic, additional resurgence, or COVID-19 variants, including with respect to global and regional economic activity, travel limitations or bans, the demand for travel, transient and group business, and levels of consumer confidence; the ability of third-party owners, franchisees, or hospitality venture partners to successfully navigate the impacts of the COVID-19 pandemic, any additional resurgence, or COVID-19 variants or other pandemics, epidemics or other health crises; our ability to successfully achieve certain levels of operating profits at hotels that have performance tests or guarantees in favor of our third-party owners; the impact of hotel renovations and redevelopments; risks associated with our capital allocation plans, share repurchase program, and dividend payments, including a reduction in, or elimination or suspension of, repurchase activity or dividend payments; the seasonal and cyclical nature of the real estate and hospitality businesses; changes in distribution arrangements, such as through internet travel intermediaries; changes in the tastes and preferences of our customers; relationships with colleagues and labor unions and changes in labor laws; the financial condition of, and our relationships with, third-party property owners, franchisees, and hospitality venture partners; the possible inability of third-party owners, franchisees, or development partners to access the capital necessary to fund current operations or implement our plans for growth; risks associated with potential acquisitions and dispositions and our ability to successfully integrate completed acquisitions with existing operations, including with respect to our acquisition of Apple Leisure Group and Dream Hotel Group and the successful integration of each business; failure to successfully complete proposed transactions (including the failure to satisfy closing conditions or obtain required approvals); our ability to successfully execute on our strategy to expand our management and franchising business while at the same time reducing our real estate asset base within targeted timeframes and at expected values; declines in the value of our real estate assets; unforeseen terminations of our management or franchise agreements; changes in federal, state, local, or foreign tax law; increases in interest rates, wages, and other operating costs; foreign exchange rate fluctuations or currency restructurings; risks associated with the introduction of new brand concepts, including lack of acceptance of new brands or innovation; general volatility of the capital markets and our ability to access such markets; changes in the competitive environment in our industry, including as a result of the COVID-19 pandemic, industry consolidation, and the markets where we operate; our ability to successfully grow the World of Hyatt loyalty program and Unlimited Vacation Club paid membership program; cyber incidents and information technology failures; outcomes of legal or administrative proceedings; and violations of regulations or laws related to our franchising business and licensing businesses and our international operations;; and other risks discussed in the Company’s filings with the
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Megen DiSanto, Megen.Disanto@hyatt.com
Source: Hyatt Hotels Corporation