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Stock impact report

InterContinental to remove plastic straws from hotels globally [CNBC]

Intercontinental Hotels Group American Depositary Shares (Each representing one Ordinary Share) (IHG) 
US:NYSE Investor Relations: ihgplc.com/investors
Company Research Source: CNBC
Priscila Zambotto | Moment | Getty Images Close-Up Of Colorful Drinking Straws Major hotel business InterContinental Hotels Group (IHG) is to remove plastic straws from its global estate by the end of 2019. In a statement Thursday, the firm said it had already got rid of plastic straws at almost 1,000 hotels in the Europe, Middle East, Asia and Africa region. IHG's brands include Holiday Inn, Crowne Plaza Hotels and Resorts and InterContinental Hotels and Resorts. The commitment to remove plastic straws from its global estate will get rid of an average of 50 million single use plastic straws from over 5,400 IHG branded hotels annually. Biodegradable alternatives to plastic straws will be made available, IHG said. IHG's CEO, Keith Barr, in an official statement, said that with a presence in almost 100 countries globally, the business had a responsibility to protect the environment and an opportunity to make a real difference. Barr added Show less Read more
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