- Compression in operating margins due to decreased revenue from Fiesta Americana Condesa Cancún, operational deleveraging, and increased operating costs (especially labor)
- Climate-related events such as hurricanes (Otis) impacting hotel operations and causing damage
- Transition risks related to increased investor demands for ESG transparency, changes in consumer behavior towards sustainability, and potential regulatory changes
Fideicomiso Irrevocable No. F/1596 (CI Banco, S.A. Institución de Banca Múltiple, División Fiduciaria) and Subsidiary
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Fideicomiso Irrevocable No. F/1596 (CI Banco, S.A. Institución de Banca Múltiple, División Fiduciaria) and Subsidiary disclosed greenhouse gas emissions of 44.0K tCO2e/year. By scope: Scope 1: 13.4K tCO2e/year; Scope 2: 30.6K tCO2e/year; Scope 3: 47.0K tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
44.0K tCO2e/year
2023
Water Usage
1.2M m3/year
2023
Waste
3.0K tons/year
2023
Energy Use
125.8M kWh/year
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 13.4K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 30.6K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 47.0K tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 44.0K tCO2e/year |
| 2022 | 41.8K tCO2e/year |
| 2020 | 28.7K tCO2e/year |
| 2019 | 48.8K tCO2eq/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced GHG emissions intensity by 9% (from 64.14 kgCO2e/m2 to 60.09 kgCO2e/m2)
- Reduced energy consumption intensity by 4% (kWh/room occupied)
- 86% of the portfolio (72 properties) obtained some type of certification related to sustainable buildings
- Two LEED Gold certifications (Live Aqua San Miguel de Allende and corporate offices) and two EDGE certifications (Courtyard Toreo and AC Hotel Querétaro) obtained.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce water consumption per occupied room
- Achieve 20% renewable energy by 2027
- Increase percentage of certified portfolio to 87% by 2027
- Reduce GHG emissions intensity to 37.52 kgCO2e/m2 by 2027
📅 Medium-term
- Achieve 20% renewable energy consumption and a 32% reduction in Scope 1 and 2 emissions per square foot by 2027
🔭 Long-term
- Net zero emissions by 2050 (implied)
🌱 ESG Focus Areas
InstitutionalizationSustainable InfrastructureHuman FactorShared Commitment