We announce the publication of Archer Hotel Capital B.V.’s fourth public ESG report which shows our progress against out ambition of building one of the most sustainable luxury portfolios in Europe.
Key achievements include:
- An increase in waste recycling and anaerobic digestion/composting rate from 43% to 58%
- 5 more hotels achieved third party certification to Global Council of Sustainable Tourism standards
- 4 green wall, roof or garden projects completed
- Our hotels volunteered 7,051 hours to help the local community, an increase of 92% from 2023 (52% like-for-like).
- An excellent net promoter score (NPS) at Archer Hotel Capital of 100 and a positive NPS of 49 at Archer Hotel Management (with almost double the head count versus last year)
- Completion of a revised stakeholder engagement process and double materiality assessment in line with the new EU Corporate Sustainability Reporting Directive
- Renovation of guestrooms and conversion to franchise under Archer Hotel Management (AHM) at the Palace Madrid with a strong focus on sustainable procurement and carbon reduction.
- We published the results of our first embodied carbon analysis for the rooms renovation at the Palace Madrid, enabling us to identify future areas for improvement and work towards setting a benchmark for our renovation projects.
- 100% of suppliers used for the Palace Madrid guestroom renovations have an environmental management system or environmental product certification in line with Archer’s ESG Framework.
64% of products were manufactured within Spain, supporting the local economy and reducing transport emissions. - Renovation of the first batch of guestrooms and conversion to franchise under AHM at Renaissance Amsterdam. Archer completed its first cross-laminated timber building, reducing embodied carbon compared to conventional construction methods. The guestroom design showcases recycled elements and materials and the core hotel no longer runs on gas, reducing greenhouse gas emissions. A geothermal energy well has been installed as well as green walls.
Whilst our year-on-year environmental KPIs have fluctuated due to the impact of ongoing renovations which has significantly affected occupancy, we continue to do well versus our 2025 targets. Portfolio performance is also affected by the acquisition of three new energy and carbon intense hotels which Archer is committed to help improve.
Archer also announces updated 2030 carbon and energy reduction targets using a science-based methodology after a year of detailed energy audits across the portfolio. The targets are:
- 80% reduction in scope 1 & 2 greenhouse gas emissions intensity vs 2019
- 42% reduction in energy intensity vs 2019
This transition will require approximately €96m to fund, focused on investments in energy reduction, as well as degasification and installation of on-site renewables, with carbon offsets only used as a last resort. Archer has also identified €3.1m of investment in water saving measures which we aim to implement in 2025, predicted to reduce current water consumption by 23% versus 2019.
View the report here
