The Capri – from economy to econoWE
We at the The Capri hotel see sustainability holistically. Therefore, we want to be successful, not just economically, but also socially and ecologically. The goal is a good life for everyone – both for our guests and for all the people we work with. This encompasses an intact environment as well as a functioning city or region.
With the Economy for the Common Good (ECG), we’ve found a suitable concept to help us work toward this goal – a concept which promotes ethical as well as financial benefits. It provides a structured framework for our activities on behalf of our employees, our environmental measures and our plans for our neighbourhood. In addition, the ECG demonstrates how much potential there is for positive development.
Common Good Balance Sheet
Companies can produce a balance sheet based on the criteria of the Common Good Matrix. We’re one of them – and we’re true pioneers:
The Capri is the first hotel in Vienna to have a Common Good Balance Sheet.
We started the formulation of our first balance sheet in August 2018, and the final result – the certificate – was presented in February 2019.
In one go, The Capri achieved 398 points out of a theoretically possible 1,000. That means we over-fulfil the legal requirements by a whopping 39.8 % –
an outstanding score for our very first evaluation.
The Common Good Balance Sheet covers four areas:
- Human dignity
- Solidarity and social justice
- Ecological sustainability
- Transparency and co-determination
All areas were evaluated according the “stakeholder” groups employees, suppliers, investors and social surroundings.
The most important measures and results at a glance
- The introduction of a seven-point employee programme
» 1 – Knowing what’s going on: clear rules
» 2 – Thinking and participating: employee surveys, idea management, praise and recognition
» 3 – Learning and further training: external and internal training courses, a training catalogue, exchange of ideas among colleagues
» 4 – Taking responsibility: every individual contributes, annual motto
» 5 – Looking after ourselves: lunch together, parties and leisure activities, preventive health care
» 6 – Doing business: bonus system, strategy meetings, improvement of internal communication
» 7 – Spreading the word: development of an employer website
- Clear guidelines for purchase: regional suppliers and products take precedence
» 87 % of our suppliers and service providers come from the local region
» 85 % of our food is regional
- Commitment to long-term cooperation with suppliers according to the best-bidder principle
- Bearer of the Austrian Ecolabel
- Bearer of EU Ecolabel
- Conversion of heating from fossil fuel to an air-to-air heat pump system
- Conversion of lighting to LED
- Exclusive use of eco-friendly toiletries in guest rooms
- Reduction of paper information for guests by switching to tablets in rooms
- Smart kitchen course for staff on food waste prevention
- In the planning: further measures in cooperation with OekoBusiness Wien (Eco-business Vienna)
Social environment and services to the neighbourhood
- Renovation of the public spaces in the hotel, restoration of the original façade with an open, urban-style ground floor (planned start of construction: January 2021)
» Improving the attractiveness of Praterstrasse
» Exclusive collaboration with regional service providers and suppliers
» Concentration on domestic products in the selection of materials
About the Economy for the Common Good (ECG)
The Economy for the Common Good is an ethical economic model which is oriented toward cooperation and the good of the community. It aims to contribute to a culture of sustainable civilisation and good living in all sectors of society. The goal of economic activity and the evaluation of corporate success are defined by values such as human dignity, solidarity, ecological sustainability and social justice.
The Economy for the Common Good movement was founded in Austria in 2010 and has attracted attention and recognition worldwide. Currently around 11,000 supporters around the globe are working on the further development and implementation of the concept. So far, 500 companies and other organisations have – as of February 2019 – compiled a balance sheet based on the criteria of the Common Good Matrix.