Materiality analysis

In the fall of 2023, Pandox conducted a double materiality analysis to identify material sustainability-related impacts, risks and opportunities.

The assessment was carried out with the help of a third party in accordance with the latest interpretation of CSRD and ESRS. The assessment was based on the principle of dual materiality, according to which a sustainability topic can be material from one or both of the following perspectives:

- Consequential materiality - Pandox's impact on people and/or the environment
- Financial materiality - sustainability topics that create effects on Pandox's financial conditions

Important areas

Climate change
Pollution
Water and marine resources
Biodiversity and ecosystems
Circular economy
Own workforce
Workers in the value chain
Affected communities
Consumers and end users
Business conduct

Stakeholder dialogue

Pandox most important contribution to a more sustainable development is in the development of profitable green buildings and green leases with the hotel operators.

Attractive workplace

Motivated and talented employees are the key to success. Pandox makes every effort to be one of the most attractive employers in the industry.

Guest safety

Within Pandox’s Operator Activities business segment the guests expect the hotels to deliver a safe and memorable experience. The hotel premises are to be safe and the employees must have the right skills to operate them in a safe and secure way.

Pandox five focus areas

Pandox’s long-term ambition is to offer green properties in both business segments and to offer green operation within Operator Activities. The goal is to create resource-efficient properties and resource-efficient operation that reduces Pandox’s climate footprint while also growing the business.

Materiality analysis

Stakeholder dialogue

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Attractive workplace

Guest safety

Pandox five focus areas