AltoVita launches EcoStats

Jan 17 | 2024

AltoVita, the corporate housing platform, has launched EcoStats, helping users to compare CO2 emissions for their accommodation.

EcoStats is a free-to-use tool that accurately estimates data for each night's stay in any accommodation listed on AltoVita. This helps corporations to understand and compare the environmental impact of accommodation options.

When searching for corporate accommodation on the AltoVita platform, the user inputs the specifics of the stay, including location, duration and accommodation type. EcoStats then assesses various sustainability metrics such as; certifications, renewable energy usage, carbon tracking, efficient lighting, single plastic use, recycling, responsible sourcing, and more. The search results (property profiles, quotes, and booking confirmations) will all show the calculated volume of CO2 emissions per night.

AltoVita EcoStats follows reporting processes consistent with practices used in research such as the Cornell Hotel Sustainability Benchmarking Index. In partnership with Thrust Carbon, the tool is grounded in scientific accuracy and adheres to internationally recognised sustainability standards. 

The launch coincides with upcoming European Union legislation - the Corporate Sustainability Reporting Directive - which will soon require large companies and listed companies to publish regular reports on the social and environmental risks they face, and on how their activities impact people and the environment.

This EU directive is being phased in from next year through 2029. “EcoStats is a sustainability suite, and eventually it will not just include CO2 quantities, but multiple indicators, such as length of stay, seasonality and the number of guests, that help businesses and travellers make more informed decisions,” said Mikhail Lortkipanidze, Senior Product Manager at AltoVita. “We’re thinking long-term, to make it compliant with the EU’s Corporate Sustainability Reporting Directive.”

Companies today are more than aware of the need to reduce emissions within their mobility and travel programmes. According to a recent survey, 54% of travel managers say their company has set either internal or public targets to reduce Scope 3 emissions, which include those from business travel. Another 23% are planning to set such reduction targets, based on the findings in ‘The State of Climate Action in Business Travel – Global Industry Barometer 2023’, published by the Global Business Travel Association in June 2023. 

And according to Harvard Business Review and NTT, companies that prioritise sustainability outperform their peers by 44% in the long run.