This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Marriott International Conservation Measures On Track To Meet 2020 Goals

BETHESDA, Md., Aug. 14, 2014 (GLOBE NEWSWIRE) -- Marriott International, Inc. (Nasdaq:MAR) today released its 2014 Sustainability Report – available this year as 10 separate and concise issue reports – sharing the company's progress against a 2007 baseline, including a nearly 13 percent decrease in water intensity, 11 percent decrease in energy intensity, and a 12 percent decrease in greenhouse gas emissions intensity. One of Marriott's key environmental goals is to achieve a 20 percent reduction in energy and water intensity by 2020 1.

Marriott International 2014 Sustainability Report
Marriott International 2014 Sustainability Report
Cintas Eco-uniforms
Cintas Eco-uniforms are used by nine brands in the Marriott portfolio.

Photos accompanying this release are available at

http://www.globenewswire.com/newsroom/prs/?pkgid=27101

http://www.globenewswire.com/newsroom/prs/?pkgid=27102

"Our sustainability strategy is critical to the growth and success of our communities, our company, and our efforts to help protect our planet's natural resources," said Arne Sorenson, president and CEO of Marriott International.

The Green Hotels Global tool used by Marriott International worldwide helps drive the company's sustainability efforts and transparency, and was made a brand standard in 2013. The tool tracks the environmental footprint of each hotel in the company's portfolio, including water and energy use, greenhouse gas emissions, recycling and over 100 property-level environmental practices.

"We're pleased that our sustainability performance is continuing to improve globally. In the U.S. nearly 50 percent of our portfolio recently earned TripAdvisor GreenLeader™ status thanks to our work and the use of tools like Green Hotels Global," said Denise Naguib, vice president of sustainability and supplier diversity. "Our supply chain focus, which ties to our sustainability and commitment to diversity and inclusion, has also progressed with our achievement of 75 percent spend with sustainable suppliers through MindClick Global's Sustainability Index for furniture, fixtures and equipment and $468 million in spend with diverse suppliers."

The report also highlights Marriott's decades-long commitment to developing a skilled workforce. Globally Marriott is supporting youth employment initiatives such as its "World of Opportunity" charitable giving and workplace skills training program in 24 European countries, The Ritz-Carlton's "Succeed Through Service" program in 26 countries; the Akilah Institute for Women in Rwanda, where Marriott has hired 40 young graduates; and the International Tourism Partnership Youth Career Initiative (YCI) program in 10 countries.

"Creating a sustainable future means creating more jobs and stronger communities, a greater 'world of opportunity'," said Mari Snyder, vice president of social responsibility. "Our partnerships allow us to be a catalyst to address rising youth unemployment and help provide skills to prepare young people for the workplace. One of the company's signature partners is the Marriott Foundation for People with Disabilities, a 501c3 nonprofit organization that the Marriott family started with a model designed by Marriott associates to help urban youth with disabilities secure competitive jobs while helping employers source a talent pool of youth they may not have considered. Twenty-five years later, the Bridges program alone has served 20,000 youth." 

Marriott's reporting approach this year was to present the issues that matter most to its stakeholders in concise, simplified reports that can be accessed, read and shared online or via social media, especially by its "next generation" associates and customers. The issue reports include: Workforce Development; Environmental Performance; Stakeholder Engagement and Policy Advocacy; Global Diversity and Inclusion; Health, Safety and Wellbeing; Responsible Sourcing; Business Model and Sustainability Strategy; Business Ethics and Human Rights; Community Engagement and Natural Capital. 

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,698.18 -77.94 -0.44%
S&P 500 2,059.69 -8.20 -0.40%
NASDAQ 4,880.2280 -20.6570 -0.42%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs