ASSESSMENT OF ESG INDICES OF PRESTIGIOUS HOTELS IN UZBEKISTAN
DOI:
https://doi.org/10.5281/zenodo.18034444Keywords:
ESG indices, sustainable tourism, hotel industry, environmental sustainability, social responsibility, corporate governance, tourism of UzbekistanAbstract
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
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
Issue
Section
License
Copyright (c) 2025 MUHANDISLIK VA IQTISODIYOT

This work is licensed under a Creative Commons Attribution 4.0 International License.