ASSESSMENT OF ESG INDICES OF PRESTIGIOUS HOTELS IN UZBEKISTAN

ASSESSMENT OF ESG INDICES OF PRESTIGIOUS HOTELS IN UZBEKISTAN

Authors

  • Saidova Madina Xayrullo qizi

DOI:

https://doi.org/10.5281/zenodo.18034444

Keywords:

ESG indices, sustainable tourism, hotel industry, environmental sustainability, social responsibility, corporate governance, tourism of Uzbekistan

Abstract

This article analyzes the level of sustainability of prestigious hotels in Uzbekistan based on ESG (Environmental,
Social, Governance) indices. Within the framework of the study, InterContinental Tashkent, Wyndham Garden Zomin,
and Silk Road Samarkand Eco Village were selected, and their environmental performance, social responsibility, and
governance systems were compared. The results of the analysis show that large international hotels demonstrate
leadership in governance and social criteria, while environmentally oriented complexes achieve higher results in terms
of environmental sustainability. At the same time, the study identifies a lack of open ESG reporting, certification, and
monitoring systems in most hotels. The findings substantiate the need for the systematic implementation of ESG principles
in Uzbekistan’s hotel industry and provide practical recommendations for the development of sustainable tourism

Author Biography

Saidova Madina Xayrullo qizi

Master student of the Department Tourism and Hospitality

References

Amran, A., Ooi, S. K., Mydin, R. T., & Devi, S. S. (2015). The impact of business strategies on climate change

disclosure. Business Strategy and the Environment, 24(6), 551–569. https://doi.org/10.1002/bse.1845

Eccles, R. G., Ioannou, I., & Serafeim, G. (2014). The impact of corporate sustainability on organizational processes

and performance. Management Science, 60(11), 2835–2857. https://doi.org/10.1287/mnsc.2014.1984

Elkington, J. (1997). Cannibals with forks: The triple bottom line of 21st century business. Capstone Publishing.

Friede, G., Busch, T., & Bassen, A. (2015). ESG and financial performance: Aggregated evidence from more than

empirical studies. Journal of Sustainable Finance & Investment, 5(4), 210–233. https://doi.org/10.1080/204307

2015.1118917

Garcia, S., & Orsato, R. J. (2020). Testing the institutional difference hypothesis: A study about environmental, social,

governance, and financial performance. Business Strategy and the Environment, 29(8), 3261–3272. https://doi.

org/10.1002/bse.2569

International Finance Corporation. (2019). ESG guide for tourism operators. World Bank Group.

Jeong, J. Y., Karimov, M., Sobirov, Y., Saidmamatov, O., & Marty, P. (2023). Evaluating culturalization strategies for

sustainable tourism development in Uzbekistan. Sustainability, 15(9), 7727. https://doi.org/10.3390/su15097727

Karimov, B. X., & Ismoilova, N. A. (2021). Turizm sohasida barqaror rivojlanish va ekologik boshqaruv. Iqtisodiyot va

innovatsion texnologiyalar, 4(12), 45–52.

Kim, J., & Hall, C. M. (2020). Can sustainable hotel practices lead to increased customer satisfaction? International

Journal of Hospitality Management, 91, 102593. https://doi.org/10.1016/j.ijhm.2020.102593

Kumar, P. (2024). Sustainable tourism progress: A 10-year bibliometric analysis. Cogent Social Sciences. https://doi.

org/10.1080/23311886.2023.2299614

Lăzăroiu, G., Ionescu, L., Andronie, M., & Dijmărescu, I. (2020). Sustainability management and performance in

the urban corporate economy: A systematic literature review. Sustainability, 12(18), 7705. https://doi.org/10.3390/

su12187705

Meng, Z., Wang, H., Li, X., & Zhang, Y. (2024). Green sustainability in the hotel sector: The role of corporate social

responsibility in hospitality. PLOS ONE, 19(1), e0295850. https://doi.org/10.1371/journal.pone.0295850

Porter, M. E., & Kramer, M. R. (2006). Strategy and society: The link between competitive advantage and corporate

social responsibility. Harvard Business Review, 84(12), 78–92.

Rasulov, A. A. (2023). Turizm korxonalarida ijtimoiy mas’uliyat va xizmat sifati o‘rtasidagi bog‘liqlik. O‘zbekiston Milliy

Universiteti axborotnomasi, 1(5), 88–94.

World Economic Forum. (2020). Measuring stakeholder capitalism: Towards common metrics and consistent reporting

of sustainable value creation. World Economic Forum.

Downloads

Published

2025-12-01
Loading...