STAMFORD, Conn. - June 30, 2015 - (BUSINESS WIRE) - Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) today announced it has reduced energy use by 12.08%, carbon emissions by 16.07% and water use by 17.26% across all owned, managed and franchised properties from 2008 through 2014. The reductions stem from Starwood’s 30/20 by 20 environmental goals, launched in 2009, to cut energy use by 30% and water use by 20% by 2020 globally. In 2013, Starwood added a goal to reduce carbon emissions by 30% during the same timeframe.
“We’re pleased with the progress and are encouraged by the reductions we made while maintaining an aggressive global growth strategy,” said Ken Siegel, Chief Administrative Officer, General Counsel and Head of Global Citizenship at Starwood. “Our 30/20 by 20 goals challenge us to create short- and long-term programs and partnerships that protect the environment, reduce operating costs, enhance the guest experience and make sustainable upgrades possible for properties.”
Starwood has made reductions by working together with its properties, using low-cost, foundational initiatives such as installing high-efficiency LED lighting and low-flow fixtures and faucets as well as capital improvements including enhancing or replacing mechanical systems. In most properties, foundational initiatives account for approximately one-third of the progress towards 30/20 by 20 goals and are projected to save US$1 billion across the portfolio in less than 10 years. Capital improvements and partnerships that bring innovative, renewable, and efficient technologies like solar, help shore up the remaining reductions to-date.
The Sheraton Santa Fe in Mexico City is one hotel leading the charge. The property cut energy use by 26.1%, carbon emissions by 35.61% and water consumption by 39.33% since 2008 by installing LED lighting, motion sensors and low-flow faucets, recycling soapy water and using rainwater collection. It also undertook larger projects including re-engineering water heaters and installing control systems, said Germán Angeles, property Director of Engineering and Security and local sustainability champion. He used Starwood’s internal reporting system to measure and track consumption in order to make decisions about the hotel’s specific needs. The next project is replacing the chillers.
“We had great savings in energy and water and that’s helping our finances and driving business. The investments we’ve made help our top-line growth as more companies request information about our sustainable meeting practices before signing contracts,” he said. “Associates are looking at recycling, and saving water and energy differently. They are taking pride in their ability to protect the environment while still delivering an enhanced guest experience.”
Andrea Pinabell, Vice President of Sustainability at Starwood added, “We’d like to thank the dedication of sustainability champions, engineers, general managers, and passionate associates throughout our properties who work tirelessly to make improvements and implement programs that protect our environment.”
Starwood Hotels & Resorts Worldwide, Inc. is one of the leading hotel and leisure companies in the world with more than 1,200 properties in some 100 countries and over 180,000 employees at its owned and managed properties. Starwood is a fully integrated owner, operator and franchisor of hotels, resorts and residences with the following internationally renowned brands: St. Regis®, The Luxury Collection®, W®, Westin®, Le Méridien®, Sheraton®, Four Points® by Sheraton, Aloft®, Element® and the recently introduced Tribute Portfolio™. The Company boasts one of the industry’s leading loyalty programs, Starwood Preferred Guest (SPG®), allowing members to earn and redeem points for room stays, room upgrades and flights, with no blackout dates. Starwood recently announced plans to spin off its Starwood Vacation Ownership, Inc. business, a premier provider of world-class vacation experiences through villa-style resorts and privileged access to Starwood brands, into a standalone public company by the end of 2015. For more information, please visit www.starwoodhotels.com.
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SOURCE Starwood Hotels & Resorts Worldwide, Inc.
Starwood Hotels & Resorts
Starwood is a fully integrated owner, operator and franchisor of hotels, resorts and residences.