Hyatt Hotels Corp. on Wednesday unveiled World of Care – a global Environmental, Social, Governance (ESG) platform – designed to address the pressing challenges faced by Hyatt’s colleagues, guests, owners and communities, and to enact meaningful change within the hospitality industry.
The launch of this platform provides an opportunity to support key milestones and initiatives for Hyatt, including:
Sharing, for the first time, detailed workforce diversity data
Hyatt will report its diversity data annually moving forward. In addition, Hyatt has built on its existing practice of tying annual incentive planning to diversity, equity, and inclusion progress and has linked executive stock compensation via its Performance Share Unit Plan to progress on the topic. Hyatt’s Performance Share Unit Plan is a key component of the executive team and group president’s compensation.
Rolling out new global human trafficking training
Hyatt rolled out one of the most comprehensive human trafficking trainings in the industry in 2021, and ensured that it is mandatory for all global colleagues. The training empowers members at all levels and functions of Hyatt’s global workforce to be vigilant for signs of human trafficking and take swift action to report and abate it.
Elevating wellbeing for colleagues through a dedicated week of programming and new wellness assessment
In June, Hyatt hosted its first-ever Global Wellbeing Week to inspire and advance wellbeing among global colleagues. Collaborating with wellness leaders Headspace, Well + Good and The Energy Project, Hyatt’s Global Wellbeing Week provided engaging activities focused on emotional, mental, and physical wellbeing to help colleagues understand and prioritize self-care. This month, Hyatt’s annual Global Month of Service will provide volunteer opportunities for colleagues to rally and strengthen communities.
Career opportunities
Hyatt will also continue to prioritize creating career pathways for Opportunity Youth through its RiseHY program, further building upon the millions of dollars already donated to continue supporting young adults to help them identify and reach their full potential.
Environmental action
Hyatt’s new environmental framework is focused on climate change and water conservation, waste, and circularity, responsible sourcing, and thriving destinations. By focusing on these impact areas, the new framework is designed to foster collective action across departments, business vendors and suppliers, and beyond.
As part of this framework, Hyatt is in the process of setting a 2030 science-based target to significantly reduce the greenhouse gas emissions from Hyatt hotels. In order to build on past achievements and accelerate progress, Hyatt is working with 3Degrees, a B Corp that helps organizations around the world achieve renewable energy and decarbonization goals. Additionally, Hyatt and its hotels are contributing toward the 12.3 target of the UN Sustainable Development Goals by working toward a 50% global reduction per square meter in food waste sent to landfill or incineration by 2030 compared to a 2019 baseline.
Hyatt’s Environmental Social Governance (ESG) Committee sets the strategy across the organization to advance World of Care. The Committee is comprised of senior executives and subject experts across ESG functional areas. In addition, the ESG Steering Committee is chaired by the Executive Vice President, General Counsel, and Corporate Secretary, and includes the Chief Financial Officer, the Chief Human Resources Officer, and the Senior Vice President of Global Operations with direct responsibility for the alignment of Hyatt’s principles across Hyatt’s regional structure. The Committee is overseen by Hyatt’s CEO as well as the Board’s Nominating and Corporate Governance Committee.
“Hyatt’spurpose – to care for people so they can be their best – guides every aspect of our business,” said Mark Hoplamazian, president and CEO, Hyatt. “The events of the past year have underscored the urgency for the private sector to address societal issues with empathy, clarity and accountability. World of Care deepens Hyatt’s commitment to caring for our people, planet, and communities.”