Climate Action

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SOLUTION

Why we need to take Climate Action?

Anthropogenically-induced climate change is causing devastating effects on our planet, oceans and coastlines, from elevated water temperature, ocean acidification, relative sea-level rise and increased frequency and intensity of hurricanes. Preserving ocean health and the livelihoods it sustains requires immediate and drastic reductions in greenhouse gas emissions, aligning with the Paris Agreement’s objectives to limit global temperature rise to 1.5 ºC and ensuring we are on track to reach net zero by 2050. 

 

It is high time for ambitious and urgent climate action, including maximizing renewable energy deployment, enhancing energy efficiency, and phasing out fossil fuel reliance in a way that ensures an equitable energy transition for all. In addition to mitigation efforts, there’s a critical need to address climate change adaptation, bolstering the resilience of oceans, coastal ecosystems, and communities along coastlines.

The Climate Action solutions we are driving.

We create strategies to decarbonize scope 1 and 2 in the built environment and the destination, as well as scope 3 in the value chain. We also focus on climate adaptation in coastal areas and develop blue carbon solutions for mitigation. When developing this work, we leverage our experience creating the most ambitious decarbonization strategy in accommodation, validated by SBTi, to reach carbon neutrality by 2030.

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Decarbonizing scope 1 & 2 in the built environment and destinations

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Decarbonizing the value chain

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Climate mitigation

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Climate adaptation

Decarbonizing scope 1 & 2 in the built environment and destinations

We work to maximize sourcing of renewables for businesses through renewable Power Purchase Agreements (PPAs), onsite renewable generation and renewable energy certificates. Simultaneously, we seek pathways to add renewable installed capacity in destinations, primarily Small Island Developing States (SIDs) and Low Income Developing Countries (LDCs). This represents a need for unprecedented collaboration between nations and their NDCs, energy providers and purchasers that we seek to move forward.

In our efforts to decarbonize scope 1 and 2 emissions, we also devise strategies to electrify fossil fuel usage in the built environment, thereby preparing infrastructures in destinations for a Net Zero transition. Additionally, we work to optimize energy consumption by implementing best practices and formulating compelling business cases for targeted investments.

Decarbonizing the value chain

Purchased goods, services and investments represent a large part of the carbon footprint for many businesses and they are the hardest to decarbonize. That’s why we need to raise the ambition to cut emission intensity across the value chain and take more ambitious action to organize inter-industry dialogues to drive action. From Wave of Change, we drive supply chain engagement and partnerships in the private sector and provide case studies that can serve as inspiration for new frameworks and initiatives within decarbonization strategies.

Climate mitigation

Ocean and coastal restoration has significant potential to address climate change while protecting the ocean and fragile coastal areas. Marine and coastal ecosystems, such as mangroves, seagrasses, algae, and salt marshes, can remove far more carbon than terrestrial forests and store it for longer periods of time. From Wave of Change, we are harnessing the incredible power of these ecosystems to sequester carbon to drive high-quality blue carbon solutions that ensure the long-term sustainable management of ecosystems and biodiversity while providing economic benefits to local communities.

Climate adaptation

Action is needed to mitigate the impacts of climate change and to reduce exposure and vulnerability of coastal communities, beaches and infrastructure. A healthy ecosystem is a proven solution to addressing risk reduction and increasing the resilience of impacted coastal areas. That’s why we are carrying out work to enhance and restore ecosystem services that reduce risk to exposure to climate change.

Over the last few years, our team of in-house scientists, in collaboration with academia and practitioners has led continuous efforts to recover ecosystem services and integrate nature-based solutions into the private sector’s investments and operations. This includes risk assessment of hotel properties, and coral reef, mangroves and coastal dunes restoration work.

What we have achieved
STRATEGY
Created the most ambitious decarbonization strategy in accommodation, validated by SBTi, to reach carbon neutrality by 2030
RENEWABLE ENERGY
Fostering a transition towards renewable energy in coastal destinations, including SIDs
INNOVATION
Moonshot project to support renewables such as green hydrogen in hospitality
BLUE CARBON
Launched community initiatives for blue carbon
ECOSYSTEM RESTORATION
Established a multinational reef, mangrove and coastal dune restoration program for risk reduction and mitigation in coastal areas
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Action is needed to mitigate climate change impacts in coastal communities, beaches and infrastructure

We are presenting our most ambitious decarbonization strategy in accommodation, validated by SBTi, to reach carbon neutrality by 2030

Discover our resources

This White Paper outlines actionable strategies and focus areas to reduce emissions, minimize food waste, and enhance the sustainability and resilience of hotel food systems.
This Key Findings presents a range of focus areas and recommendations on how the sector can reduce emissions, and adapt to climate threats.
Stony Coral Tissue Loss Disease (SCTLD) is a fast-spreading disease threatening coral reefs. At Wave of Change, we've developed a successful protocol for treating affected corals and helping reefs thrive.
Discover the remarkable achievements and ongoing sustainability efforts of Iberostar Hotels & Resorts in 2023 by downloading our full 2023 Year in Review report.
This report and roadmap synthesize progress on our strategic objectives and lays out the evolution of embodying a circular economy at Iberostar Hotels & Resorts.
Iberostar Hotels & Resorts has a continued commitment to transparency. Here we present our Wave of Change 2022 Year in Review.
In 2020, Iberostar Hotels & Resorts committed to achieving carbon neutrality by 2030. We now present our roadmap for decarbonization aligned with this objective.
This roadmap establishes clear goals and key progress indicators to track success, and provides guiding actions to enhance the ecological health of coastal ecosystems.
This is our second Responsible Seafood Annual Report and it has been made publicly available to show our ongoing commitment to transparency within our seafood strategy.
Iberostar Hotels & Resorts has a continued commitment to transparency. Here we present our Wave of Change 2021 Year in Review.
As part of our commitment to transparency, we present our Wave of Change 2019 End of Year Assessment by the numbers where we highlight our achievements.
This is our first Responsible Seafood Annual Report and it has been made publicly available to show transparency within our seafood commitment.
As part of our commitment to transparency, we present our Wave of Change 2020 Year in Review. This document outlines how we performed in 2020.
What should resilient reef restoration look like for tourism? For Wave of Change, it should protect our coastlines, enhance fish biomass and maintain high levels of biodiversity.
Nature holds the most powerful solution to climate change. Learn more about our plan to offset our carbon footprint with nature-based solutions here.
We're setting a standard towards responsibly-sourced seafood while relying on gastronomic excellence to revolutionize the path towards responsible consumption. 

Alliances and partnerships