CSRD Compliance for Hotels with Alkimii Insights: Your Partner in Sustainability Reporting

 

The Corporate Sustainability Reporting Directive (CSRD) is an EU regulation that significantly broadens sustainability reporting requirements for companies. This blog post outlines how hotels can navigate CSRD compliance, enhance their brand reputation, and attract eco-conscious guests and talent. 

 

What is CSRD?

The CSRD replaces the previous Non-Financial Reporting Directive (NFRD). It mandates that companies include a dedicated sustainability statement in their annual financial report, offering a more complete view of their sustainability performance. This marks a shift from optional to mandatory disclosure of a property's impacts, risks, and opportunities related to sustainability. 

 

What are the key CSRD Requirements for hotels?

• Mandatory Reporting: Hotels must disclose their impacts, risks and opportunities related to sustainability. 

• European Sustainability Reporting Standards (ESRS): Reports must adhere to ESRS, ensuring transparency and consistency in sustainability reporting across Europe. 

• Double Materiality Assessment (DMA): This involves assessing both the impact of environmental and social issues on the hotel and the hotel’s effects on the environment and society. 

• Third-Party Assurance: An independent audit of sustainability information is required, starting from year one. 
  

Is Your Hotel in Scope for CSRD?

Your hotel group falls under CSRD reporting requirements if it meets at least two of these three criteria:

• 250+ employees
• €40M+ annual turnover
• €20M+ in total assets

When Do Different Types of Hotel Groups Need to Start Reporting CSRD Statements?

The Corporate Sustainability Reporting Directive (CSRD) requires hotel groups to submit detailed sustainability reports based on the European Sustainability Reporting Standards (ESRS). Here’s when different types of hotel groups must start reporting:

• January 2024 – Large, EU-listed hotel groups
• January 2025 – Large, non-listed hotel groups (250+ employees, €40M+ turnover, or €20M+ assets)
• January 2026 – Listed small & medium-sized hotel groups
• January 2028 – Non-EU hotel groups with significant operations in the EU

Even if your hotel isn’t immediately in scope, CSRD will impact the wider hospitality sector, as large businesses may require sustainability data from smaller suppliers, including independent hotels. Preparing now can give you a competitive edge.

If there is uncertainty about whether your hotel falls within the scope, consulting with sustainability experts or financial advisors is recommended. 

What is expected from the CSRD report for hotels? 

Your report must follow the European Sustainability Reporting Standards (ESRS) and include policies, actions, metrics and targets on: 

• Environmental: Climate Change, Pollution, Water, Biodiversity, Resource Use & Circular Economy 

• Social: Own Workforce, Value Chain Workforce, Affected Communities, Consumers & End-users 

• Governance: Business Conduct, Internal Culture, Lobbying, Bribery 

How Alkimii Insights Can Help You Stay Compliant with CSRD 

Alkimii Insights offers powerful data analytics and benchmarking capabilities, helping you navigate the complexities of the Corporate Sustainability Reporting Directive (CSRD) with ease. With intuitive dashboards and comprehensive reporting, Alkimii ensures your organisation remains transparent and compliant. Its features include: 

• CSRD-Ready Reporting & Dashboards: 

 Alkimii Insights provides dynamic, interactive reports and dashboards tailored to meet CSRD requirements. Customisable filters allow you to dive into your data, with key reports including employee summaries, starters and leavers analysis, turnover reports, and detailed pay rate breakdowns.  

For legal compliance, the CSRD dashboard includes the pay rate and average yearly rate for every staff member on Alkimii—without exception—making it one of the most sensitive and essential tools for accurate reporting. Scheduled and automated reports can be sent directly to your inbox, ensuring you stay on top of your reporting obligations. 

• Benchmark with Confidence: 

 Compare your organisation’s performance against industry standards to identify strengths and weaknesses. The Benchmark Report provides anonymised comparisons on compensation levels, turnover, absenteeism, and pay percentages, giving you a clear understanding of where you stand in the market. This helps you make data-driven decisions while ensuring your pay practices are fair and transparent. 

• Ask Alkimii (coming soon): 

 This AI-enhanced feature lets you query your data in plain English, streamlining the decision-making process. From compliance checks to strategic planning, Ask Alkimii empowers you to access the insights you need quickly and efficiently. 

Benefits of Using Alkimii Insights for CSRD Compliance: 

• Data-Driven Decision-Making: Make decisions backed by solid data, enhancing the reliability and effectiveness of your strategies. 

• Real-Time Data: Access the latest data to react promptly to emerging trends. 

• Simplified Querying: Easily ask questions in plain English and receive precise answers, bypassing the need for complex query languages. 

• Time Savings: Alkimii Insights Reports was designed to save days in reporting and administrative work. 

Practical Steps for Hotels: 

Achieve CSRD Compliance using Alkimii 

Alkimii Insights is more than just a data analytics tool; it's a partner in your sustainability journey.  

By providing comprehensive data analytics and benchmarking capabilities, Alkimii Insights ensures that your hotel not only meets CSRD requirements but also enhances its reputation and attracts a new generation of conscious travellers and employees. 

Ready to take the next step? 

• Read more about Alkimii Insights here.