Minor Hotels Europe & Americas Partners with Deepki to Achieve Net Zero Goals
Minor Hotels Europe & Americas has chosen Deepki, a market-leading ESG platform, to support its transition to net zero and improve its sustainability practices worldwide.
EsgSustainabilityNet ZeroReal EstateDecarbonizationReal Estate NewsSep 19, 2024
Minor Hotels Europe & Americas has an established sustainability roadmap, which was launched over a decade ago and continues to evolve. The Group actively aligns its strategy with the Paris agreement, which sets a target of limiting the global mean temperature increase to 1.5ºC above pre-industrial levels. To achieve this, Minor Hotels Europe & Americas has committed to cutting its scope 1 and 2 greenhouse gas emissions by 46,2% by 2030, compared with 2019 levels.
Looking ahead to 2050, Minor Hotels Europe & Americas has committed to reducing its company-wide emissions by 90% across the entire value chain, to become a net zero Company. Both targets have been officially approved by the Science Based Targets initiative (SBTi).
With Deepki, Minor Hotels Europe & Americas will be able to track and monitor the success of its decarbonization goals, define energy efficiency measures to be taken, and measure the impact of those implemented, as well as the reduction of greenhouse gas emissions. By leveraging one platform to address the entire decarbonization process, from data collection and analysis, through to reporting and action, real estate players are best equipped to achieve impact and reach net zero.
Minor Hotels Europe & Americas has begun using Deepki to gain a complete overview of their portfolio’s environmental performance, in order to streamline all actions, thus ensuring coherence and consistency across the company. It collects and monitors data of over 350 buildings in more than 30 countries around the world, centralizing energy and environmental KPIs in one collaborative platform. The objective is to achieve 100% data coverage through technology and digitization – another key focus for the Group. This thereby ensures greater harmonization, visibility, analysis, optimization, and forecasting of all data in an automated manner, enabling it to reduce its carbon footprint and improve its environmental performance, through greater energy efficiency.
By automating the collection of consumption data and invoices using Deepki’s SaaS solution, Minor Hotels Europe & Americas can report its environmental performance transparently and accurately. It will also enable the Group to identify assets exposed to physical and climatic transition risks, which could result in them losing value and becoming stranded assets, a widespread phenomenon that is hitting European real estate particularly hard. Both a decarbonisation plan and a resilience plan can be implemented to help reach net zero and mitigate this risk, using Deepki’s complete ESG platform for real estate.
Pilar Rodríguez Esteban, Senior Vice President Projects, Construction, Engineering & Maintenance of Minor Hotels Europe & Americas, comments “Minor Hotels Europe & Americas is committed to an ambitious ESG strategy and is partnering with Deepki to improve the performance of its real estate assets. The deployment of Deepki’s platform across our portfolio has brought a new level of transparency and facilitated reporting, which supports our ESG leadership in the sector. Guests are increasingly taking environmental performance into account when choosing accommodation, and it is important for us to reflect this in our offering.”
Xana Muñiz, Vice President Southern Europe & LATAM at Deepki, concludes by explaining “Thanks to Deepki, Minor Hotels Europe & Americas has gained a clearer picture of its portfolio’s performance, and can take concrete action to improve their ESG credentials. The application of these measures has not only contributed to reducing the carbon footprint of the hotels, but is also generating economic and social benefits, improving the energy efficiency of buildings and creating healthier and more sustainable environments for their guests.”,
Frequently Asked Questions
What is Minor Hotels Europe & Americas' sustainability goal?
Minor Hotels Europe & Americas aims to reduce its company-wide emissions by 90% across the entire value chain by 2050, to become a net zero Company.
What is the role of Deepki in Minor Hotels Europe & Americas' sustainability efforts?
Deepki provides a complete ESG platform for real estate, which enables Minor Hotels Europe & Americas to track and monitor its decarbonization goals, define energy efficiency measures, and measure the impact of those implemented.
How does Minor Hotels Europe & Americas plan to achieve 100% data coverage?
Minor Hotels Europe & Americas plans to achieve 100% data coverage through technology and digitization, using Deepki’s SaaS solution to automate the collection of consumption data and invoices.
What is the benefit of using Deepki's platform for Minor Hotels Europe & Americas?
The deployment of Deepki’s platform across Minor Hotels Europe & Americas' portfolio has brought a new level of transparency and facilitated reporting, which supports its ESG leadership in the sector.
How does Minor Hotels Europe & Americas plan to mitigate the risk of stranded assets?
Minor Hotels Europe & Americas plans to implement a decarbonisation plan and a resilience plan to help reach net zero and mitigate the risk of stranded assets, using Deepki’s complete ESG platform for real estate.
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