Question

In its recent annual report and related Corporate Responsibility Report, Hyatt provides information on company performance on several dimensions. Indicate whether the following items below best fit into the financial (label your answer “Profit”), social (label your answer “People”), or environmental (label your answer “Planet”) aspects of triple bottom line reporting.

1.Sales revenue totaled \(4.4 billion.

2. Increased women in management positions by 8%.

3. Reduced water consumption at its hotels.

4. Invested in career programs in Brazil.

5. Operating cash flows totaled \)473 million.

6. Earned awards for best LGBT workplace.

7. 84% of hotels recycle at least one waste stream.

8. Invested in reading programs for young students.

9. Focused on maximizing long-term shareholder value.

Short answer

All the activities are categorized as required in the question.

Step-by-step solution

Sales revenue totaled $4.4 billion (1)

The sales revenue will come under the financial dimensions of the performance of the company as its sales revenue will tell how the company is performing on the basis of finances. Hence, it will come under the profit.

Step 2. Increased women in management positions by 8% (2)

The increase of women in management positions by 8% will come under the social dimensions of the performance of the company as it will come under people. It has an impact on people.

Reduced water consumption at its hotels (3)

The reduction of water consumption at its hotels will be environmental as this will reduce the wastage of water, which will have an impact on the planet. So, it will come under the planet.

Invested in career programs in Brazil (4)

The investment in career programs in Brazil will help the public to grow, earn well and improve their social status. So, it will come under the social dimension.

Operating cash flows totaled $119.2 million (5)

The Operating cash flow will come under the financial dimensions of the performance of the company as its operating income will tell how the company is performing on the basis of finances. Hence, it will come under the profit.

Earned award for best LGBT workplace (6).

Earned awards for the best LGBT workplace will be considered as the social dimension of the performance of the company. As the company is providing a great work environment to its people

84% of hotels recycle at least one waste stream (7)

The recycling of waste by the company will have a positive impact on the environment. So, it will come under the planet.

Investing in reading programs for young students (8)

The reading programs for young students will help the students to grow and learn. It will be considered as the social dimension as it will have an impact on the growth of the people.

Focussed on maximizing long-term shareholder value (9)

The focus on maximizing the value of shareholders will be considered as the financial dimension of the performance of the company. If the company earns a good profit then only it will help in the maximization of shareholders’ value.