SINGAPORE, April 22, 2025 /PRNewswire/ -- Banyan Group [https://bit.ly/BG-SR2024-BG] ("Banyan Tree Holdings Limited" or the "Group" - SGX: B58), a leader in sustainable hospitality, unveils its 2024 Sustainability Report--One Banyan, One Sustainable Future [https://bit.ly/BG-SR2024]. The 19(th) edition reports on the Group's advancements in driving action and impact across key environmental, social, and economic dimensions, reaffirming sustainability as a core foundation of its business.
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Guided by its founding mission of 'Embracing the Environment, Empowering People' and the belief that travel can be a force for good, the Group's key progress in 2024 include:
-- Accelerating decarbonisation and energy transition: In line with its
ongoing commitment to addressing the business' environmental impact,
Banyan Group continued to invest in energy-efficient infrastructure and
on-site renewable energy. Upgrades in lighting systems, air conditioning
and room control units, as well as the installation of solar panels and
timer controls across properties, resulted in a 5.7% reduction in
emissions intensity per occupied room over 2023.
-- Increasing waste management initiatives: Through an increased adoption
of waste reduction, recycling and repurposing activities--including food
donations, composting of kitchen waste and upcycling efforts--28% of
total waste produced was diverted from landfill, a five-point increase
from the previous year.
-- Upholding responsible water stewardship: As a result of the Group's
approach to water conservation--focused on infrastructure repairs,
proactive leak detection, enhanced storage capacity, and water
reuse--water efficiency per occupied room improved by 5.1% compared to
2023.
-- Championing marine conservation: Restorations and research projects play
an important role in the way Banyan Group seeks to reduce the
environmental impact of its operations--the expansion of Our Marine Lab
in the Maldives alongside the launch of the Coral Reef Restoration
Project in partnership with the China Environmental Protection
Foundation (CEPF) in 2024 reinforced its commitment to such conservation
efforts.
-- Deepening support for local communities: The Group maintained its
commitment to uplifting local communities and fostering long-term
resilience through education, engagement, and employment
opportunities--its signature Seedlings programme nurtured 93 young
individuals through training and mentorship, and provided 2,515
internship opportunities. In a continued effort to support heritage
traditions and promote rural production to strengthen local economies,
the Group expanded its artisan network--commissioning products that
supported 306 artisan communities, including 66 newly engaged groups.
-- Driving change with Greater Good Grants: To commemorate Banyan Group's
30(th) anniversary in 2024, the Banyan Global Foundation funded 30
associate-initiated projects addressing the key material topics
identified by the Group. The projects were selected based on criteria
including the long-term social, environmental, welfare, and/or financial
benefits to the communities where the Group's hotels and resorts
operate. For more information on the projects, visit: Greater Good
Grants [https://bit.ly/BG-SR2024-GreaterGoodGrants]
"Sustainability is a cornerstone of Banyan Group's purpose, and our journey will continue to evolve as we look to scale increasingly impactful practices in the upcoming years--with more ambitious climate action, deeper community engagement, and greater support for our associates to take action," said Ho Ren Yung, Deputy Chief Executive Officer, Banyan Group.
"To achieve this, we have introduced key performance metrics aligned with our identified material issues for all senior level associates in front-line and corporate roles, empowering them to champion our ambitions. As we track our progress in 2025, we will further refine our associates' roles to more meaningfully support the integration of responsible practices across our operations," she added.
To learn more about Banyan Group's approach, actions, and journey in addressing material sustainability impacts, visit: Our Mission [https://bit.ly/BG-SR2024-Mission]. To read the full report, visit: 2024 Sustainability Report [https://bit.ly/BG-SR2024]
For high-resolution images, please download here [https://bit.ly/BG-SR2024-PR].
ABOUT BANYAN GROUP
Banyan Group ("Banyan Tree Holdings Limited" or the "Group" - SGX: B58) is an independent, global hospitality company with purpose. The Group prides itself on its pioneering spirit, design-led experiences and commitment to responsible stewardship. Its extensive portfolio spans 91 hotels and resorts, around 140 spas and galleries, and 20 plus branded residences in over 20 countries. Comprising 12 global brands, including the flagship brand Banyan Tree, each distinct yet united under the experiential membership programme withBanyan. The founding ethos of "Embracing the Environment, Empowering People" is embodied through the Banyan Global Foundation and Banyan Academy. Banyan Group is committed to remaining the leading advocate of sustainable travel, with a focus on regenerative tourism and innovative programmes that elevate the guest experience.
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CONTACT: MEDIA CONTACT (INTERNATIONAL): Hazel Ooi, Head of Brand Marketing
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