The hospitality industry in Uzbekistan has been rapidly expanding, with a significant increase in hotels and room capacity, particularly in Tashkent, Samarkand, and Bukhara. As part of the country’s sustainable development efforts, Environmental, Social, and Governance (ESG) principles are being integrated into regulatory frameworks and business practices. This article examines the current state of ESG adoption in Uzbekistan’s hotel industry, the impact of national policies, and the benefits of implementing ESG strategies. A literature review highlights global best practices and the financial advantages of ESG compliance. The study also presents an analysis of ESG implementation challenges and provides recommendations for enhancing sustainability in Uzbekistan’s hospitality sector.
The hospitality industry in Uzbekistan has been rapidly expanding, with a significant increase in hotels and room capacity, particularly in Tashkent, Samarkand, and Bukhara. As part of the country’s sustainable development efforts, Environmental, Social, and Governance (ESG) principles are being integrated into regulatory frameworks and business practices. This article examines the current state of ESG adoption in Uzbekistan’s hotel industry, the impact of national policies, and the benefits of implementing ESG strategies. A literature review highlights global best practices and the financial advantages of ESG compliance. The study also presents an analysis of ESG implementation challenges and provides recommendations for enhancing sustainability in Uzbekistan’s hospitality sector.
O‘zbekiston mehmonxona sohasi tez sur’atlar bilan kengayib bormoqda, ayniqsa, Toshkent, Samarqand va Buxoroda mehmonxonalar soni sezilarli darajada oshdi. Mamlakatning barqaror rivojlanish sa’y-harakatlari doirasida Atrof-muhit, ijtimoiy va korporativ boshqaruv (ESG) tamoyillari tartibga soluvchi hujjatlar va biznes amaliyotlariga integratsiya qilinmoqda. Ushbu maqola O‘zbekiston mehmonxona sohasida ESGni joriy etishning hozirgi holati, milliy siyosatning ta’siri va ESG strategiyalarini amalga oshirishning afzalliklarini o‘rganadi. Adabiyotlar sharhida global ilg‘or tajribalar va ESG talablariga rioya qilishning moliyaviy ustunliklari ko‘rsatilgan. Tadqiqot ESGni joriy etish muammolarini tahlil qiladi va O‘zbekiston mehmonxona sohasida barqarorlikni oshirish bo‘yicha tavsiyalarni taqdim etadi.
Гостиничная индустрия Узбекистана быстро развивается, наблюдается значительное увеличение количества отелей и номерного фонда, особенно в Ташкенте, Самарканде и Бухаре. В рамках устойчивого развития страны принципы экологической, социальной и корпоративной ответственности (ESG) интегрируются в нормативно-правовую базу и бизнес-практики. В данной статье рассматривается текущее состояние внедрения ESG в гостиничной отрасли Узбекистана, влияние национальной политики и преимущества реализации ESG-стратегий. В обзоре литературы выделяются мировые передовые практики и финансовые преимущества соответствия ESG. В исследовании также представлен анализ проблем внедрения ESG и даны рекомендации по повышению устойчивости гостиничного сектора Узбекистана.
№ | Author name | position | Name of organisation |
---|---|---|---|
1 | Xusenova M.G. | - | Toshkent shahridagi Xalqaro Vestminster universiteti, “Ipak yo‘li” turizm va madaniy meros xalqaro universiteti |
№ | Name of reference |
---|---|
1 | Atkins, B., (2020). Demystifying ESG: Its History & Current Status. Available on: https://www.forbes.com/sites/betsyatkins/2020/06/08/demystifying-esgits-history--current status/?sh=1cc02c72cdd3. |
2 | Back, K. J, (2024). ESG for the hospitality and tourism research: Essential demanded research area for all. Tourism Management, 105, 104954. https://doi.org/10.1016/j.tour man.2024.104954. |
3 | Bowen, H., (2020). Social Responsibilities of the Businessman. Available online: https://books.google.com/books/about/Social_Responsibilities_of_the_Businessm.html?hl=el&id =ALIPAwAAQBAJ. |
4 | Framework (2024) Framework for implementing environmental, social and governance (ESG) Reference number: IWA 48:2024(en), First edition 2024-11 https://www.iso.org/standard/89240.html. |
5 | Law (2019) Uzbekistan Law on Tourism, https://lex.uz/uz/docs/-4428097. |
6 | Lin, M. S., et al. (2024). Environmental, social, and governance (ESG) measurement in the tourism and hospitality industry: Views from a developing country. Journal of Travel & Tourism Marketing, 41(1), 154–168. |
7 | OECD, (2023). Financing Uzbekistan’s Green Transition: Capital Market Development and Opportunities for Green Bond Issuance, Green Finance and Investment, OECD Publishing, Paris, https://doi.org/10.1787/27d2489d-en. |
8 | Passas, I. (2024), . The Evolution of ESG: From CSR to ESG 2.0. Encyclopedia 2024, 4, 1711 1720. https://doi.org/10.3390/encyclopedia4040112. |
9 | Polbennikov, S., et al. (2016). Esg ratings and performance of corporate bonds. The Journal of Fixed Income 26, 21–41. |
10 | PwC, (2024). ESG in Uzbekistan agenda https://www.pwc.com/kz/en/assets/esg awareness/uz-esg-awareness-eng.pdf?utm_source=chatgpt.com. |
11 | Report (2020) S&P Global Impact Report, https://www.spglobal.com/en/who-we are/corporate-responsibility/impact-report-2020.pdf. |
12 | Standard (2023) State Standard of the Republic of Uzbekistan, Oʻz DSt 3220:2023. Tourism services. Accommodation facilities. General requirements, Uzbekistan Technical Regulation Agency under the Ministry of Investments, Industry, and Trade of the Republic of Uzbekistan, https://tourquality.uz/upload/iblock/c15/ rjl9feo8slp8gr6qd8 yolpheo3y1wlbr. |
13 | Statistics (2021) State Committee on Statistics of the Republic of Uzbekistan, “O’zbekistonda Turizm 2018-2021” Toshkent. |
14 | The Global Compact, (2004). “Who Cares Wins” United Nations Department of Public Information. December https://documents1.worldbank.org/curated/pt/ 280911488968799581/ pdf/113237-WP-WhoCaresWins-2004.pdf. |
15 | UN (2015) United Nations General Assembly, https://sdgs.un.org/ sites/default/files/2020 09/SDG%20Resource%20Document_Targets%20Overview.pdf. |
16 | UN (2024) UN Tourism, https://www.unwto.org/tourism-statistics/ environmental-social governance-tourism-technical-information. |
17 | UNTWO (2023) UNTWO highlights, https://www.unwto.org/news /international-tourism recovers-pre-pandemic-levels-in-2024. |