PARSIPPANY, NJ--(Marketwire - Jul 18, 2011) - Since first establishing its sustainability program in 2006, Wyndham Worldwide (NYSE: WYN), one of the world's largest hospitality companies, is measuring positive trends in reducing its environmental impact around the globe. The results are reflected in two new sustainability reports released by the company this month.
With a wide and growing range of businesses, Wyndham Worldwide includes Wyndham Hotel Group, the world's largest hotel company based on number of properties; Wyndham Exchange & Rentals, the world's largest member-based vacation exchange network and marketer of serviced vacation rentals; and Wyndham Vacation Ownership, the world's largest vacation ownership business.
"As the global market continues to grow and integrate, the hospitality industry has an increasing ability and responsibility to shape sustainability innovation on the world stage," says Stephen P. Holmes, chairman and CEO of Wyndham Worldwide. "By continually evaluating and improving how we operate and increasing knowledge among millions of people we interact with on a daily basis, Wyndham Worldwide is excited to be a leader in reducing the hospitality industry's collective environmental impact."
Wyndham Worldwide has invested in exploring and adopting innovative sustainable practices through its Wyndham Green program, which focuses on sustainability across the global company. During the past five years, Wyndham Worldwide has placed the program among its top five strategic priorities across the company, successfully implementing energy efficient strategies with a goal to reduce emissions by 12% by 2016, and 20% by 2020. In June, the company released its first including its first Global Reporting Initiative (GRI) and Carbon Disclosure Project (CDP) reports, reflecting the strategies, efforts, and results across the company's diverse businesses.
"The direction Wyndham Worldwide has taken on sustainability has made tremendous progress, and continues to be a strategic focus that will make a lasting impact around the world," says the Right Honourable Brian Mulroney, former Prime Minister of Canada, and member of the Wyndham Worldwide Board of Directors. In 2006, Mr. Mulroney was named the "Greenest Prime Minister in Canadian History," and has been recognized for positive environmental impact. Mr. Mulroney has participated and provided input into the Company's Wyndham Green sustainability program.
"Accurately tracking and measuring our results is almost as important as deciding what to do in the first place," says Faith Taylor, vice president of sustainability and innovation at Wyndham Worldwide. "What makes meaningful measurement a challenge for our company is our uniqueness in the industry. Wyndham Worldwide is the only global hospitality company with corporate offices, hotels, resorts, rentals, and timeshare properties in its portfolio. So, we have focused a lot of our recent efforts developing a custom eco-software tool to accurately evaluate our efforts against a wide range of businesses around the world."
With input from associates around the world, the company has implemented numerous energy and emission reduction strategies, including:
"As one of the world's largest hospitality companies, we understand our important role and the impact we can have on the industry," says Holmes. "With over 58 brands in nearly 100 countries, we leverage the versatility of our unique portfolio of hotels, vacation exchange, vacation rentals, and vacation ownership to drive sustainable, profitable growth, while recognizing that each step we take is part of a larger journey, where we continually set our goals higher for our people, our company, and our planet."
To view the reports, or for more information on sustainability programs at Wyndham Worldwide, please visit www.WyndhamGreen.com.
One of the world's largest hospitality companies, Wyndham Worldwide offers a wide range of hospitality products and services for leisure and business travelers through its premier global portfolio of world-renowned brands. The world's largest hotel company based on the number of properties, Wyndham Hotel Group is home to many of the world's best-known hotel brands, with approximately 7,190 franchised hotels and 609,600 hotel rooms worldwide. Wyndham Exchange & Rentals is the worldwide leader in vacation exchange and the world's largest serviced vacation rentals business, with approximately 97,000 vacation properties located in nearly 100 countries. The industry and timeshare ownership market leader, Wyndham Vacation Ownership develops, markets, and sells vacation ownership interests and provides consumer financing to owners through its network of over 160 vacation ownership resorts serving more than 800,000 owners throughout the United States, Canada, Mexico, the Caribbean, and the South Pacific.