Griffin Group Hotels, one of Ireland’s leading hospitality groups, has announced a landmark achievement in sustainability, becoming the first hotel group in Ireland to have its greenhouse gas reduction targets officially approved by the Science Based Targets initiative (SBTi).
The company has removed 44% of its CO2 scope 1 and scope 2 emissions in the period from 2016 to 2023. Following this milestone, the Griffin Group Hotels has become the first and only hotel group in Ireland to have its near-term carbon reduction targets validated by the Science Based Targets initiative (SBTi) https://sciencebasedtargets.org/.
Under these approved targets, the Group has committed to further reducing absolute Scope 1 and 2 greenhouse gas emissions by 54.6% by 2033 from a 2023 base year and reducing absolute Scope 3 emissions by 32.5% within the same timeframe.
These targets align with the most ambitious global pathway to limit temperature rise to 1.5°C, placing Griffin Group Hotels at the forefront of climate action in Ireland’s hospitality sector.
Commenting on attaining STBi approval, Liam Anthony Griffin, Director of Griffin Group, said: “Our approval under the Science Based Targets framework demonstrates tangible targets with real accountability.”
He added: “This validation isn’t just a commitment; it is proof of action. We are decarbonising our operations, commencing engagement with suppliers, and transforming our business model to meet global climate standards through sustained and significant investments.”
Latest accounts for Griffin Group – for the year ended December 2024 – show a turnover of €34.96 million, up from €30.48 million in 2023. Despite continued inflationary pressures and rising wage and energy costs across the sector, the group achieved a profit after tax of €2.04 million, up from €1.76 million in 2023.
Michael Griffin, CEO of Griffin Group Hotels, commented: “We are proud to have delivered another year of growth, maintaining profitability despite a challenging cost environment. Our focus remains on reinvesting in our sustainability roadmap, which will see a further investment of over €3 million in 2026.
“This roadmap has also witnessed significant further reinvestment in our properties, which have benefited from extensive bedroom refurbishment in Ferrycarrig Hotel and Hotel Kilkenny, as well as significant re-fit and refurbishment of the Active Clubs in both hotels. The combination of solid financial performance, sustainability leadership and product reinvestment reinforces our long-term vision for responsible and resilient growth.”
