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Hospitality tops sectors most concerned about reducing carbon footprint

Some 70% of respondents in the industry rate tackling their carbon footprint as ‘extremely important’, ahead of the survey average of 61%

​​The hospitality and leisure industries are the most serious about tackling their carbon footprint, with 70% of respondents rating it as ‘extremely important’, according to new Environmental, Social and Governance (ESG) research released by Barclays. 

This is ahead of the survey average of 61%. Transport and distribution came in second with 63% of people in the industry rating sustainability as ‘extremely important’, while retail and wholesale was third with 61%.

It follows from July of this year when the hospitality industry was praised by the Government for the progress it is making in reducing its carbon consumption. 

In the Hospitality Strategy from the Department for Business, Energy and Industrial Strategy, the industry was praised for the “big strides” it is making towards a net zero strategy.

Barclays said that strides are being driven by “all corners of the industry”, with 60% of hospitality and leisure bosses saying sustainability is very important to their investors and shareholders, the highest response across any industry. 

Meanwhile, 70% of hospitality and leisure respondents say it’s very important to their customers, and 63% say it’s very important to their suppliers.

Marco DeBenedictis, head of sustainable and transition finance at Barclays, said: “It’s very encouraging to see industries aware of the changing landscape they are operating in. Tighter rules and regulations around sustainability are to be expected over the coming years as we work towards greener solutions to reduce emissions across all industries.

“Our report highlights the increased focus businesses have on tackling climate change. By ensuring companies have access to the necessary financial support, Barclays can help them to meet crucial ESG targets.”

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