PARSIPPANY, N.J., Nov. 17, 2015 /PRNewswire/ -- Wyndham Worldwide (NYSE: WYN), one of the world's largest hospitality companies, announced today it has been named to The Climate "A" List by the Carbon Disclosure Project (CDP) for its actions on mitigating climate change in this past year. Wyndham Worldwide raised its Climate Disclosure Leadership Index performance score – a measure of a company's transparency on climate-related disclosures – to an all-time high, receiving a score of 98. This is the Company's second consecutive year recognized as a performance leader.
The CDP is the world's largest global environmental disclosure system and evaluates how companies are managing and reducing their carbon footprints.
"Our progress continues to earn us industry distinctions that recognize our diligent and focused work in sustainability and the value we create for our shareholders, our associates, our partners and communities," said Faith Taylor, senior vice president, corporate social responsibility, Wyndham Worldwide. "We keep raising the bar for ourselves so that we can be better partners and truly make a difference. This recognition is a clear validation that our accomplishments deliver tangible and meaningful results that aligns sustainability with effective business operations."
As further proof of its industry-leading best practices, Wyndham Worldwide recently announced 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, and set a new goal of 25 percent reduction by 2025. The Wyndham Green program has saved over $68 million in utility expenses since the inception of the program in 2010. Additionally, earlier this year, Wyndham Worldwide became the first and only hospitality company to partner with United Airlines on the Eco-Skies CarbonChoice corporate carbon offset program, which enables the airlines' corporate customers to track and offset the emissions stemming from their business travel. The Company was also named to the Dow Jones North America and World Sustainability Indices for the third consecutive year. It is one of three hospitality companies, and is the Index Leader for the hospitality sector for both the North American and World indices.
In the report "Travel & Tourism 2015; Connecting Global Climate Action," released from the World Travel & Tourism Council, the world's biggest travel and tourism companies are 20 percent more carbon efficient today than they were in 2005, on course to cut carbon emissions by 50 percent from 2005 to 2035 and to reach the target 25 percent reduction by 2020.
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 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.
The Company's recently released 2014-2015 Corporate Social Responsibility Report details its strong, industry-leading commitment to socially and environmentally responsible business practices.
About Wyndham Worldwide Corporation
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 7,760 franchised hotels and approximately 672,000 hotel rooms worldwide. Wyndham Exchange & Rentals is the worldwide leader in vacation exchange and the world's largest professional manager of vacation rentals, providing more than 5 million leisure-bound families annually with access to over 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 900,000 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.
SOURCE Wyndham Worldwide