PARSIPPANY, N.J., Oct. 8, 2015 /PRNewswire/ -- Wyndham
Worldwide (NYSE: WYN), one of the world's largest hospitality
companies announced today that it reached its carbon
emissions goal six years ahead of schedule. The Company achieved a
20 percent reduction in carbon emissions (measured on a per square
foot basis), well-surpassing its goal. The reduction is equivalent
to saving more than 14 million gallons of gasoline.
"This is a huge achievement for a company with such a wide and
diverse global portfolio, and especially one in the hospitality
industry," said Stephen P. Holmes,
chairman and chief executive officer, Wyndham Worldwide. "Our
commitment to sustainability as one of our top strategic priorities
is critical to the long-term success of our business, and our
continued drive is the result of an incredible commitment that
aligns sustainability with effective business operations."
As one of the largest hospitality companies, Wyndham Worldwide
accommodates millions of travelers every day through its
hospitality portfolio that includes everything from hotels to
vacation ownership resorts to vacation rentals to holiday parks in
nearly 100 countries. With operationally controlled assets
including owned, managed and leased properties in all of its
business units, the Company tracks, measures and reports on more
than 50 million square feet across its global hospitality
portfolio.
As further proof of its industry-leading best practices, Wyndham
Worldwide was once again named to the Dow Jones North America and
World Sustainability Indices for the third consecutive year. The
Company is one of three hospitality companies, and is the Index
Leader for the hospitality sector for both the North American and
World indices. The Company showed strong performance across the
assessed criteria, specifically in the areas of its Environmental
and Economic programs. The Dow Jones Sustainability Index is one of
the most recognized sustainability performance rating tools, with
the Index identifying leaders in the areas of sustainable economic,
environmental and social performance.
"Our progress has earned us industry distinctions that recognize
the value we aim to create for our shareholders, our associates,
our partners and communities, and is a reflection of our dedicated
teams and partnerships that deliver tangible and meaningful
results," said Faith Taylor, senior
vice president, corporate social responsibility, Wyndham Worldwide.
"These accolades validate our ongoing journey. But, we never rest
on any success, and we continue to build on our success and raise
the bar. Today, we are announcing our new goal to reduce our energy
and water by 25 percent by 2025."
Since setting its goal in 2010, Wyndham Worldwide has reduced
its carbon emissions through:
- the Wyndham Green Toolbox, a proprietary state-of-the-art
eco-software program that tracks and measures environmental impact
for the Company's wide range of hospitality and office
properties;
- becoming more efficient in energy and water usage. Energy
production and consumption (electricity, natural gas, fuel oil,
propane) is the leading cause of carbon emissions. Water
conservation reduces the amount of water used, and therefore
reduces the energy demand to produce and move the water;
- an environmental certification program for the Company's
participating timeshare properties, a first for the hospitality
industry.
Additionally, in the Company's fifth year of formal
sustainability reporting, its recently released 2014-2015 Corporate
Social Responsibility Report details its strong, industry-leading
commitment to socially and environmentally responsible business
practices.
As part of its overall Corporate Social Responsibility (CSR)
strategy, Wyndham Worldwide consistently aligns its business and
financial performance with the responsible way it operates by
maintaining its investment and focus on such areas as
sustainability, diversity, human rights, wellness and philanthropy.
By holistically integrating Corporate Social Responsibility (CSR)
into its business, the Company has grown as a responsible corporate
citizen that consistently delivers results as one of the best
performing hospitality companies in the world.
About Wyndham Worldwide
One of the world's largest hospitality companies, Wyndham
Worldwide (NYSE: WYN) provides a wide range of hospitality services
and products 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 approximately 7,700 franchised hotels
and over 668,500 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 approximately 110,000 vacation properties in over 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 over 210 vacation ownership resorts serving
approximately 901,000 owners throughout the United States, Canada, Mexico, the Caribbean, and the South Pacific. Based in
Parsippany, NJ, Wyndham Worldwide
employs over 34,000 associates globally.
For more information, please visit www.wyndhamworldwide.com.
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SOURCE Wyndham Worldwide