Report Highlights Progress on Marriott's
Environmental, Social, and Governance Efforts
BETHESDA, Md., July 12,
2023 /PRNewswire/ -- Marriott International, Inc.
(NASDAQ: MAR), today published its 2023 Serve 360 Report
highlighting data as of year-end 2022, and shared the company's
continued progress on its Environmental, Social, and Governance
(ESG) efforts. Marriott's sustainability and social impact
platform, Serve 360: Doing Good in Every Direction, guides
the company's efforts towards its 2025 Sustainability and Social
Impact Goals. The full report can be accessed on the company's
Serve 360 website. Key report takeaways can be seen in the
video below.
Experience the full interactive Multichannel News Release here:
https://www.multivu.com/players/English/9178651-marriott-international-2023-serve-360-report/
"Since its founding in 1927, Marriott has placed a priority on
serving its communities and creating a positive impact wherever we
do business," said Anthony Capuano, President and CEO,
Marriott International. "With our
size and global scale, we recognize the part we can play in driving
meaningful change, which we believe adds value for our business and
for our customers. Marriott is integrating sustainability across
hotel operations, design, and its supply chain, providing
humanitarian aid to those in need, creating access to opportunity
for underserved communities, and welcoming all who walk through our
doors. We have been unwavering in our focus on driving change
toward a more sustainable and equitable future."
Marriott's Serve 360 platform was launched in 2017 in support of
the United Nations' Sustainable Development Goals. The 2023 report
highlights progress made by Marriott and its properties around the
globe, including:
Strengthening Environmental Stewardship
- Committed to set a near-term science-based emissions reduction
target and set a long-term science-based target to reach net-zero
emissions by no later than 2050.
- Developed a program to accelerate the installation and adoption
of electric vehicle (EV) charging stations at hotels across the
globe; as of year-end 2022, over 5,500 EV chargers have been
installed at Marriott properties worldwide.
- Transitioning to residential-sized bath amenities, which the
company expects will prevent around 500 million small bath amenity
bottles from going to landfills each year when fully
implemented.
- Supported mangrove restoration in Mexico and the UAE, reforestation in the U.S.,
and renewal of fisheries in Thailand and South
America, helping to promote ecosystem resilience and protect
biodiversity.
Stepping Up Social Impact
- Allocated $50 million to increase
hotel ownership among historically underrepresented groups through
"Marriott's Bridging the Gap" development program in the U.S. and
Canada.
- Trained over one million managed and franchised associates
since 2016 to recognize and respond to the signs of human
trafficking.
- Spent nearly $660 million with
diverse suppliers across the Marriott portfolio in 2022.
- With The J. Willard and Alice S. Marriott Foundation,
contributed over $5 million to
support those impacted by the war in Ukraine in 2022 and $2
million to support those affected by the earthquakes in
Türkiye and Syria in 2023 through
the Marriott Disaster Relief Fund, Marriott Bonvoy points
donations, cash and in-kind giving by hotels.
- Volunteered more than 1.6 million hours in local communities
around the world in 2022.
Driving Diversity in Leadership
- 8 of 13 members on Marriott International's Board of Directors
are women and/or people of color as of May
12, 2023.
- Women made up 47% of Marriott's global executives (VP level and
above) at year-end 2022, with a goal to reach executive gender
parity by year-end 2023.
- People of color hold 22% of U.S. executive positions with a
goal of increasing diverse representation to 25% by year-end
2025.
More details about Marriott International's ESG efforts and
Serve 360 can be found at www.Marriott.com/Serve360.
Note on Forward-Looking Statements
This press release contains "forward-looking statements" within the
meaning of federal securities laws, including statements regarding
Marriott's ESG targets, goals, commitments, expectations, and
objectives, and similar statements concerning possible future
events or expectations that are not historical facts. We caution
you that these statements are not guarantees of future performance
or results and are subject to numerous evolving risks and
uncertainties that we may not be able to accurately predict or
assess, including the risk factors that we identify in our
Securities and Exchange Commission filings, including our most
recent Annual Report on Form 10-K or Quarterly Report on Form 10-Q.
Any of these factors could cause actual results to differ
materially from the targets, goals, commitments, expectations, and
objectives we express or imply in this press release. We make these
statements as of the date of this press release, and we undertake
no obligation to publicly update or revise these statements,
whether as a result of new information, future events or
otherwise.
Marriott International, Inc. (NASDAQ: MAR) is based
in Bethesda, Maryland, USA, and
encompasses a portfolio of more than 8,500 properties under 31
leading brands spanning 138 countries and territories. Marriott
operates and franchises hotels and licenses vacation ownership
resorts all around the world. The company offers Marriott Bonvoy®,
its highly awarded travel program. For more information, please
visit our website at www.marriott.com, and for the latest company
news, visit www.marriottnewscenter.com. In addition, connect with
us on Facebook and @MarriottIntl on Twitter and
Instagram.
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SOURCE Marriott International, Inc.