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Energy efficiency, upskilling and green incentives critical to hospitality’s net zero journey

Energy efficiency, upskilling and green incentives critical to hospitality’s net zero journey

Kanchan Nath

- October 28, 2022

The UK’s hospitality sector is committed to reaching net zero by 2040 but government partnership with the sector is central to achieving the target, UKHospitality has said in its response to the government’s Net Zero Review. UKHospitality’s submission said that businesses across the sector were committed to prioritising sustainability and reducing its carbon footprint but due to the ongoing cost of doing business crisis, additional financial incentives would be required to help speed up the transition to net zero.

The response included a number of examples, including: Introducing targeted measures to incentivise the investment in sustainability through grants, loans or tax credits. For example, reintroducing the Enhanced Capital Allowances scheme for energy and water-efficient plant and machinery that ceased in March 2020. Tax relief for businesses replacing major equipment, due to the importance of replacing old equipment with newer, more energy efficient equipment as early as possible. Government support to upskill businesses, particularly SMEs, with practical steps on how they can reduce their carbon footprint and aid the transition to net zero.

Through the launch of its Environmental Sustainability Guide for its members and its own Sustainability Commitment, UKHospitality is playing a leading role in providing bespoke advice and guidance to hospitality businesses. UKHospitality chief executive Kate Nicholls said: “Working towards our sustainability goals is an absolute priority for the hospitality sector and there has been a huge amount of work that has already gone into this by hospitality businesses. “Unfortunately the situation for many businesses now is that, due to the energy crisis, they are fighting to survive the winter. That does mean that cashflow is tight and confidence to invest is being quickly eroded.

“This reality does mean that the sector would really benefit from a partnership with government to aid its transition to net zero, through financial incentives such as grants or tax credits that can allow businesses to replace equipment with greener alternatives or take part in training to boost our net zero knowledge.“Hospitality is already one of the sector’s leading the way in its sustainability work, with fantastic examples of businesses going above and beyond, and it’s so important that we work together with the government to make sure we can continue on that path.”

 

 

May we all strive to emulate her virtues and remember that true wealth lies in the depth of our character, the sincerity of our actions, and the impact we have on those around us.”

Stay riveted for our next gala event, The Brand Travel Daily Media Travel Excellence Awards that recognizes and celebrates the outstanding achievements of companies and individuals in the travel, airline, and hospitality industry. They are scheduled to take place in 11 October, 2024

For inquires, to attend or sponsor next awards, kindly email here: Gary@traveldailymedia.com

If you know of any female leaders or up and coming superstars in the Travel and Hospitality industry you would like to nominate, please visit our page and complete a nomination form!
The prestigious IWTA Awards 2024 Award Winners are listed below:

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…there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you design and create an advertising campaign.

We can also organise a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

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Energy efficiency, upskilling and green incentives critical to hospitality’s net zero journey

Kanchan Nath

- October 28, 2022

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May we all strive to emulate her virtues and remember that true wealth lies in the depth of our character, the sincerity of our actions, and the impact we have on those around us.”

Stay riveted for our next gala event, The Brand Travel Daily Media Travel Excellence Awards that recognizes and celebrates the outstanding achievements of companies and individuals in the travel, airline, and hospitality industry. They are scheduled to take place in 11 October, 2024

For inquires, to attend or sponsor next awards, kindly email here: Gary@traveldailymedia.com

If you know of any female leaders or up and coming superstars in the Travel and Hospitality industry you would like to nominate, please visit our page and complete a nomination form!
The prestigious IWTA Awards 2024 Award Winners are listed below:

content studio box

…there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you design and create an advertising campaign.

We can also organise a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

x Studio

Connect with your clients by working with our in-house brand studio, using our expertise and media reach to help you create and craft your message in video and podcast, native content and whitepapers, webinars and event formats