HBX Group publishes 2025 ESG Report

It hopes to strengthen climate action and 'responsible governance'

HBX Group has released its 2025 ESG Report, outlining the company’s progress in sustainability, governance and transparency.

For the first time this year, it has also incorporated an externally assuring disclosure in line with the requirements of the Corporate Sustainability Reporting Directive (CSRD). 

In 2025, HBX Group completed an enhanced double materiality assessment aligned with CSRD and European Sustainability Reporting Standards (ESRS) guidance, following the methodology defined by EFRAG. 

The assessment considered not only the company’s direct impacts but also its full upstream and downstream value chain, incorporating insights from a wide range of internal and external stakeholders, sector trends, ESG risk analyses, peer benchmarks, regulatory developments and media insights. 

This process resulted in a comprehensive mapping of HBX Group’s most significant positive and negative impacts, as well as its material sustainability risks and opportunities. 

These findings now guide the company’s reporting priorities and will serve as the foundation for HBX Group’s new ESG strategy, to be published in February 2026. 

ESG-related impacts, risks and opportunities have also been integrated into HBX Group’s enterprise risk management framework, strengthening Board oversight and ensuring that sustainability considerations form part of core decision-making across the business.

The report also presented, for the first time, a full calculation of HBX Group’s carbon footprint, which amounts to 1,486,482 tCO₂e, and establishes 2025 as the baseline year for its climate strategy. 

This total reflects the company’s proactive decision to measure its complete climate impact, including complex Scope 3 categories, such as emissions associated with each hotel night sold, in order to obtain a complete and transparent view of its footprint. 

This corresponds to an emissions intensity of 2,065 tCO₂e per € million of revenue and confirms that 99.9% of total emissions originate from Scope 3 activities across the company’s global value chain.

Alongside this, HBX Group has outlined its decarbonisation plan and 2030 reduction targets for Scope 1 and Scope 2 emissions and continues progressing initiatives to better understand and mitigate its Scope 3 footprint. 

The company has also completed a climate scenario analysis to assess exposure to physical and transition risks across multiple time horizons, supporting long-term resilience planning. 

In addition, HBX Group has implemented a new ISO 14001-certified Environmental Management System, currently being deployed from its Mallorca headquarters across all geographies.

From a governance perspective, the ESG Report details how HBX Group has voluntarily prepared the report its disclosures in accordance with the CSRD and ESRS frameworks and enhanced Board oversight of ESG performance, integrating sustainability risks and metrics into decision-making processes. 

ESG indicators have also been incorporated into long-term incentive structures, including targets linked to the share of sustainable product available through its marketplace.

The report also provides a detailed overview of HBX Group’s global workforce of 3,478 employees, 56% of whom are women. 

The adjusted global gender pay gap stands at 1.1%, significantly below the 2.41% average adjusted pay gap reported by IBEX 35 companies for 2023, and similarly low gaps across the company’s main markets. 

During the year, all employees completed the corporate “Sustainability in Action” training, designed to strengthen understanding of the company’s environmental impacts and responsibilities.

“Our ESG Report reflects the real progress we are making in our sustainability strategy and the level of transparency we aim to offer our stakeholders," said Nicolas Huss, CEO of HBX Group. 

"We have strengthened our governance systems, developed a comprehensive view of our climate footprint and reinforced our commitment to equity, learning, and the development of our teams."

Looking ahead, the ambition of HBX Group is to embed sustainability even more deeply into its products and services. 

Over the next three years, the company aims to expand its sustainable portfolio by 13%, for example through the continued development of our Sustainable Hotels Programme, which strengthens the way HBX Group identifies, classifies and promotes properties aligned with sustainability standards endorsed by GSTC and Travalyst.

The Sustainability Hub also plays a central role as an awareness and education platform for stakeholders — including hotels, tour operators, and other travel service providers — supporting them in advancing their ESG practices. 

In parallel, through our Sustainability Waves, HBX Group launches targeted marketing campaigns that highlight key sustainability attributes across its hotel portfolio, such as the elimination of single-use plastics, accessibility features for travellers with reduced mobility, pet-friendly policies, and more.

In the experiences space, HBX Group has introduced a new Animal Welfare Policy and categorised its entire portfolio according to the level of interaction with animals. 

These efforts, together with all sustainability initiatives across the business, are designed to provide clearer and more responsible options for travellers.

Ultimately, HBX Group´s goal is to empower clients — and the end traveller — to make informed and responsible choices.

The company also continues to drive positive impact through initiatives such as Think Big, helping empower local communities to develop micro-destinations, and its flagship volunteering programme, Guides for Good, which brings tourism closer to vulnerable groups through meaningful corporate volunteering.

With this report, HBX Group continues to advance the integration of sustainability across its governance model, global operations and partner ecosystem, reinforcing its commitment to long-term responsible growth and value creation. 

HBX Group is also included in the IBEX ESG Index, which recognises listed companies demonstrating strong transparency and performance across environmental, social and governance criteria.

The full 2025 ESG Report is available on the HBX Group corporate website.