Global hospitality company releases yearly Sustainability Report, showcasing continued best practices
Submitted by: Wyndham Worldwide Corporation
Posted: Sep 18, 2013 – 02:27 PM EST
PARSIPPANY, N.J., Sep. 18 /CSRwire/ - (Marketwired) - Wyndham Worldwide (NYSE: WYN), one of the world's largest hospitality companies, again demonstrated its leadership in sustainability best practices in 2012, achieving nearly a 12 percent reduction in carbon emissions per square foot of its operationally controlled assets versus its carbon footprint in 2011.
The Company, which is working toward a goal to reduce its carbon emissions by 16 percent by 2016 and by 20 percent by 2020, announced this latest accomplishment in its third annual Sustainability Report released today.
"Advancing sustainability best practices remains among our top priorities not only because it's good for the environment, but because it's also good for business," said Stephen P. Holmes, chairman and chief executive officer, Wyndham Worldwide. "This latest milestone of meaningfully reducing our carbon footprint is the result of collaboration across our organization, including our associates, suppliers, customers and business partners, who together continue to develop ideas with incredible potential and transform them into tangible results."
In addition to reducing its carbon footprint, Wyndham Worldwide is also working to decrease its water usage by 20 percent per square foot by 2020. The Company's first-ever water usage data collection and measurement process for all owned, managed and leased facilities for years ending 2010, 2011 and 2012, is featured in the Wyndham Worldwide 2012 Sustainability Report. The usage per square foot reflects a 1.7 percent improvement over 2011, and a five percent improvement over the 2010 baseline.
The report, which provides an overview of the Company's sustainability initiatives as well as its corporate social responsibility programs, is accessible on the Company's website and aligns with the Global Reporting Initiative, a comprehensive sustainability reporting framework that is widely used around the world. Additionally, the report's Statement of Greenhouse Gas Emissions has been reviewed by Deloitte & Touche LLP. This Statement was prepared in conformance with the Greenhouse Gas Protocol Corporate Accounting and Reporting Standard published by the World Business council for Sustainable Development and the World Resources Institute.
Highlights of Wyndham Worldwide's 2012 report include:
"As one of the largest hospitality companies with more than 100,000 locations in nearly 100 countries, we understand that as the global market continues to grow, it is our increasing responsibility as a corporate citizen to help shape sustainability innovation on the world stage," said Faith Taylor, senior vice president, sustainability and innovation, Wyndham Worldwide. "Adding the goal of reducing water usage across all owned, managed and leased facilities further demonstrates our commitment to sustainability as a fundamental part of how we responsibly do business in communities around the world."
For additional details on these highlights and to read the full report, please visit www.wyndhamworldwide.com/corporate-responsibility/wyndham-green/latest-news-reports/gri-report.
About Wyndham Worldwide
One of the world's largest hospitality companies, Wyndham Worldwide (NYSE: WYN) provides a wide range of hospitality products and services through its 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 over 7,410 franchised hotels and over 635,100 hotel rooms worldwide. Wyndham Exchange & Rentals is the worldwide leader in vacation exchange and the world's largest professionally managed vacation rentals business, providing more than 5 million leisure-bound families annually with access to over 106,000 vacation properties in 100 countries through its prominent exchange and vacation rental brands. 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 190 vacation ownership resorts serving approximately 915,000 owners throughout the United States, Canada, Mexico, the Caribbean, and the South Pacific. Based in Parsippany, NJ, Wyndham Worldwide employs approximately 32,500 associates globally.
For more information, please visit www.wyndhamworldwide.com.
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