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An eco hotel, or a green hotel, is an environmentally sustainable hotel or accommodation that has made important environmental improvements to its structure in order to minimize its impact on the natural environment. The basic definition of an eco-friendly hotel is an environmentally responsible lodging that follows the practices of green living.
A definition of sustainable tourism from 2020 is: "Tourism which is developed and maintained in an area in such a manner and at such a scale that it remains viable over an infinite period while safeguarding the Earth's life-support system on which the welfare of current and future generations depends." [3]: 26
ESG has been adopted throughout the United States financial industry to describe and measure the sustainability and societal influence of a company or business. [45] MSCI , a global ESG rating agency , defines ESG investing as the consideration of environmental, social, and governance factors alongside financial factors in the investment ...
A sustainable business, or a green business, is an enterprise that has a minimal negative impact or potentially a positive effect on the global or local environment, community, society, or economy—a business that attempts to meet the triple bottom line.
The hospitality industry is a broad category of fields within the service industry that includes lodging, food and beverage services, event planning, theme parks, travel agency, tourism, hotels, restaurants, nightclubs, and bars.
Sustainability is regarded as a "normative concept".[5] [22] [23] [2] This means it is based on what people value or find desirable: "The quest for sustainability involves connecting what is known through scientific study to applications in pursuit of what people want for the future."
The WTTC members are the chief executives, presidents, or chairs of companies from different sectors and regions within the travel and tourism industry. The WTTC has two membership types: global members and regional members. It also has a category for companies that provide services to the industry, referred to as Industry Partnership. [8]
Sustainable development overlaps with the idea of sustainability which is a normative concept. [5] UNESCO formulated a distinction between the two concepts as follows: "Sustainability is often thought of as a long-term goal (i.e. a more sustainable world), while sustainable development refers to the many processes and pathways to achieve it."