5.4 Discuss the issues related to sustainable development in Tourism and hospitality industry.

5.4 Discuss the issues related to sustainable development in Tourism and hospitality industry.

In my own opinion SustainAbility’s annual trends report, in which we explore the key global trends

impacting businesses as they transition towards a more sustainable economy. In 2019 we expect to see

continued political instability, more pronounced climate impacts and accelerating rates of biodiversity

loss. While the scale and complexity of the sustainability challenges we face is daunting, there is also

reason for optimism.

For the first time, we are also sharing deeper analysis of five sectors: food & agriculture, technology,

pharmaceuticals & healthcare, energy & utilities and financial services. In our sector trends, we explore

the key issues facing these rapidly changing industries and discuss emerging solutions. We hope you

enjoy the report, and as always, we welcome your feedback.

Included in the initiative are 17 different goals that all member states are striving to achieve which are

detailed in the U.N.’s Sustainable Development Goals (SDG). A major element to these goals is the

promotion of sustainable development .

Issues

1.Goals for Jobs in Sustainable Development to Impact CRE.

One of the goals in the SDG is to promote jobs in sustainable development. That includes backing

startups in the industry as well as large corporations looking to increase their green profile.

2. Sustainable Development in E-Commerce Logistics to Impact CRE.

Supply chains are one of the largest sources of pollution around the globe. Other initiatives in addition

to the SDG will have a huge impact on logistics assets that support e-commerce thereby affecting

industrial CRE. Long term sustainability is directly tied to socio-economic factors in many countries.

3. Smart Tech in Sustainable Development to Impact CRE.

Autonomous vehicles are still a ways off for highly developed countries. The technology is even farther

away for LDCs. In the meantime, other types of Smart technologies are leading the way to improving

overall efficiency and sustainability in the CRE sector. For one, smart buildings themselves are helping

businesses save money on energy costs while conserving energy and reducing waste and pollution.

4.Corporate Partnering for Sustainability to Impact CRE.

Some companies are partnering up to help meet industry requirements for sustainable development.

Take for instance Nestle which has partnered with Danone to improve the sustainability of their water

bottling process. Expect more of this in the food and beverage sector as well as grocery and retail.

5.Greater Investment in Sustainable Development Projects to Impact CRE.

Now more than ever, there are dozens of watchdog groups and non-profits monitoring corporate

sustainability efforts. Investors are now factoring in sustainability efforts when deciding where to invest.