‘Climate Is Our Number One Risk’: Iberostar Pushes for Tourism Sector Action

Key Points

• Iberostar identifies climate change as its number one business risk and is urging greater sector-wide investment in adaptation.
• The company is implementing nature-based solutions like mangrove planting, coral restoration, and sand dune regeneration to protect coastal properties.
• Insurance and finance leaders emphasize the need for new risk models and better capital flows to support climate adaptation in tourism.

Summary

Iberostar, a global hotel group, has declared climate change as its top risk and is intensifying adaptation efforts such as mangrove planting, coral restoration, and sand dune regeneration to protect vulnerable properties. At London Climate Week, company leaders called for greater investment and collaboration from the tourism, banking, and insurance sectors to address increasing climate-related threats. Experts highlighted the need for new risk models and mechanisms to unlock private capital for large-scale climate adaptation projects.