How can you develop sustainable tourism that benefits your organization?

As the climate and financial challenges keep growing, ESG factors are crucial for tourism organizations. To remain competitive, you must take action.

Customer expectations have evolved, climate conditions are changing and lender requirements are becoming more refined. Organizations must adapt to the market to achieve success.

For SMEs and other businesses in the tourism sector, integrating environmental, social, and governance criteria (ESG) into their strategic plan is no longer a luxury. It’s a critical element to ensure their longevity and a growth lever.

What are the benefits of an ESG approach?

An ideal strategic plan includes ESG criteria adapted to your reality that allows you to meet different needs.

Strengthen the resilience of your infrastructure

In the face of ever-increasing climate events, you must anticipate issues and come up with solutions to mitigate the impacts. As a result, you can reduce your long-term costs by adapting trails or reception zones to improve water or heat management, for example.

Protect your brand image

An increasing number of visitors, and young people in particular, express a preference for establishments that adopted responsible practices. To meet the needs of clients who are increasingly aware of environmental issues, you must integrate clearly identified measures into a coherent plan. Both your reputation and competitiveness are at stake.

Diversify your sources of income

Certain initiatives that integrate ESG measures allow you to extend the tourist season or attract new clients such as winter activities enthusiasts.

Access specific financing and programs

Assistance programs for both public and private businesses now consider requirements relating to sustainability, social acceptability and sound governance. If certain organizations fail to integrate these criteria, they restrict their access to subsidies or strategic partnerships.

What are the challenges of integrating ESG criteria?

Naturally, SMEs and other tourist organizations must deal with a series of very real constraints.

Simple measures and a step-by-step approach

The fear of a costly investment can also contribute to inaction. However, certain simple actions can make a difference.

Several business managers are open to a shift towards responsible and sustainable tourism, but don’t know where to begin.

In concrete terms, what does responsible and sustainable tourism mean for your business?

A sustainable tourism strategy goes beyond purchasing recycling bins and promoting local products. Integrating ESG criteria is a company-wide approach that involves:

Every tourist organization (accommodation establishments and organizations offering recreational, outdoor and cultural activities in particular) can adapt this approach to their reality.

For example, when developing a hiking trail, businesses can integrate a choice of trails and materials which are more resistant to extreme weather conditions. An expansion project could consider water management or seamless integration with the natural environment.

What is the first step of a responsible and sustainable tourism plan?

You don’t have to overhaul everything at once. The key is to take it one step at a time.

Integrate a climate risk management plan

As part of a coherent ESG approach, you must include a section relating to climate risk management. As a result, you protect your infrastructure and ensure your business continuity despite climate uncertainty.

Here are some avenues to consider:

Progressively integrating these measures can enhance your SME’s resilience and become a strategic asset in a context of rapid change.

A new generation of tourism businesses

The shift towards ESG criteria goes beyond ticking off boxes. As long as the approach is pragmatic and coherent, it can become a driving force for innovation and local integration.

Don’t forget that our team of experts can support you throughout the process. Together, let’s make sustainable tourism a growth opportunity for your organization and your region.