{"id":2791,"date":"2022-04-02T04:37:28","date_gmt":"2022-04-02T04:37:28","guid":{"rendered":"https:\/\/btg.ccstageco.com\/?page_id=2791"},"modified":"2023-05-05T08:21:58","modified_gmt":"2023-05-05T08:21:58","slug":"corporate-governance","status":"publish","type":"page","link":"https:\/\/annualreport.groupbanyan.com\/2022\/sustainability\/corporate-governance\/","title":{"rendered":"Corporate Governance"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"2791\" class=\"elementor elementor-2791\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4c81f84 elementor-section-height-min-height elementor-section-items-stretch elementor-section-boxed elementor-section-height-default\" data-id=\"4c81f84\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a3849a7\" data-id=\"a3849a7\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-233c0d9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"233c0d9\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-d080b4a\" data-id=\"d080b4a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-13fe99c elementor-widget elementor-widget-heading\" data-id=\"13fe99c\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.12.1 - 02-04-2023 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><p class=\"elementor-heading-title elementor-size-default\">Next<\/p>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-52eb532 elementor-widget elementor-widget-heading\" data-id=\"52eb532\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\"><a href=\"https:\/\/annualreport.groupbanyan.com\/2022\/sustainability\/data-privacy\/\">Data Privacy<\/a><\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-849bd98 long-btn elementor-align-left elementor-widget elementor-widget-button\" data-id=\"849bd98\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a href=\"https:\/\/annualreport.groupbanyan.com\/2022\/sustainability\/data-privacy\/\" class=\"elementor-button-link elementor-button elementor-size-md\" role=\"button\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t<span class=\"elementor-button-icon elementor-align-icon-right\">\n\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" id=\"Group_19\" data-name=\"Group 19\" width=\"32\" height=\"32\" viewBox=\"0 0 32 32\"><defs><clipPath id=\"clip-path\"><rect id=\"Rectangle_7\" data-name=\"Rectangle 7\" width=\"7.754\" height=\"16\" fill=\"none\" stroke=\"#fff\" stroke-width=\"1\"><\/rect><\/clipPath><\/defs><path id=\"Ellipse_1\" data-name=\"Ellipse 1\" d=\"M16,1A15,15,0,0,0,5.393,26.607,15,15,0,1,0,26.607,5.393,14.9,14.9,0,0,0,16,1m0-1A16,16,0,1,1,0,16,16,16,0,0,1,16,0Z\" fill=\"#fff\"><\/path><g id=\"Group_15\" data-name=\"Group 15\" transform=\"translate(13 8)\"><g id=\"Group_14\" data-name=\"Group 14\" clip-path=\"url(#clip-path)\"><path id=\"Path_3\" data-name=\"Path 3\" d=\"M7.565,8.508A7.119,7.119,0,0,1,2.194,5.993,9.026,9.026,0,0,1,0,0H1C1,4.14,3.945,7.508,7.565,7.508Z\" transform=\"translate(0.191 0.001)\" fill=\"#fff\"><\/path><path id=\"Path_4\" data-name=\"Path 4\" d=\"M1,13.794H0A9.026,9.026,0,0,1,2.194,7.8,7.119,7.119,0,0,1,7.565,5.286v1C3.945,6.286,1,9.654,1,13.794Z\" transform=\"translate(0.191 2.206)\" fill=\"#fff\"><\/path><\/g><\/g><\/svg>\t\t\t<\/span>\n\t\t\t\t\t\t<span class=\"elementor-button-text\">Read Next Section<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-c1bd2bf elementor-section-height-min-height elementor-section-boxed elementor-section-height-default elementor-section-items-middle\" data-id=\"c1bd2bf\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-wide\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d34ab75\" data-id=\"d34ab75\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ac54377 elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"ac54377\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Corporate Governance<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a7a88bd elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a7a88bd\" data-element_type=\"section\" id=\"introduction\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-0b3d985\" data-id=\"0b3d985\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-fe882aa elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"fe882aa\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Banyan Tree Global Foundation directs the Group\u2019s pursuit of sustainable business, allocating donations to worthy projects. Contributions and disbursements are accounted for under the incorporated Banyan Tree Global Foundation Limited, audited by Ernst & Young LLP, Singapore.<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cd0b57c elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"cd0b57c\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\">Revenue<\/h6>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4950d94 elementor-invisible elementor-widget elementor-widget-shortcode\" data-id=\"4950d94\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-shortcode\">\n<table id=\"tablepress-26\" class=\"tablepress tablepress-id-26\">\n<tbody>\n<tr class=\"row-1\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\"><b>2001 to 2019<\/b><\/td><td class=\"column-3\"><b>FY 2020<\/b><\/td><td class=\"column-4\"><b>FY 2021<\/b><\/td><td class=\"column-5\"><b>FY 2022<\/b><\/td><td class=\"column-6\"><b>Cumulative <br>2001 to 2022<\/b><\/td>\n<\/tr>\n<tr class=\"row-2\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\"><b>US$<\/b><\/td><td class=\"column-3\"><b>US$<\/b><\/td><td class=\"column-4\"><b>US$<\/b><\/td><td class=\"column-5\"><b>US$<\/b><\/td><td class=\"column-6\"><b>US$<\/b><\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\"><b>Contributions<\/b><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td><td class=\"column-5\"><\/td><td class=\"column-6\"><\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">Hotel guests<\/td><td class=\"column-2\">5,122,962<\/td><td class=\"column-3\">136,660<\/td><td class=\"column-4\">168,288<\/td><td class=\"column-5\">241,892<\/td><td class=\"column-6\">5,669,802<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\">Hotel and resorts<\/td><td class=\"column-2\">5,746,271<\/td><td class=\"column-3\">105,807<\/td><td class=\"column-4\">160,032<\/td><td class=\"column-5\">241,903<\/td><td class=\"column-6\">6,254,013<\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\">Others including employees<\/td><td class=\"column-2\">1,347,156<\/td><td class=\"column-3\">76,077<\/td><td class=\"column-4\">2,212<\/td><td class=\"column-5\">167<\/td><td class=\"column-6\">1,425,612<\/td>\n<\/tr>\n<tr class=\"row-7\">\n\t<td class=\"column-1\"><b>Total contributions<\/b><\/td><td class=\"column-2\"><b>12,216,389<\/b><\/td><td class=\"column-3\"><b>318,544<\/b><\/td><td class=\"column-4\"><b>330,532<\/b><\/td><td class=\"column-5\"><b>483,962<\/b><\/td><td class=\"column-6\"><b>13,349,427<\/b><\/td>\n<\/tr>\n<tr class=\"row-8\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td><td class=\"column-5\"><\/td><td class=\"column-6\"><\/td>\n<\/tr>\n<tr class=\"row-9\">\n\t<td class=\"column-1\"><b>Other income<\/b><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td><td class=\"column-5\"><\/td><td class=\"column-6\"><\/td>\n<\/tr>\n<tr class=\"row-10\">\n\t<td class=\"column-1\">Interest Income - FD &amp; Bank<\/td><td class=\"column-2\">183,400<\/td><td class=\"column-3\">46,825<\/td><td class=\"column-4\">5,519<\/td><td class=\"column-5\">2,006<\/td><td class=\"column-6\">237,750<\/td>\n<\/tr>\n<tr class=\"row-11\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td><td class=\"column-5\"><\/td><td class=\"column-6\"><\/td>\n<\/tr>\n<tr class=\"row-12\">\n\t<td class=\"column-1\"><b>Disbursements<\/b><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td><td class=\"column-5\"><\/td><td class=\"column-6\"><\/td>\n<\/tr>\n<tr class=\"row-13\">\n\t<td class=\"column-1\">Project related<\/td><td class=\"column-2\">5,800,269<\/td><td class=\"column-3\">161,107<\/td><td class=\"column-4\">519,265<\/td><td class=\"column-5\">1,419,197<\/td><td class=\"column-6\">7,899,838<\/td>\n<\/tr>\n<tr class=\"row-14\">\n\t<td class=\"column-1\">General and administrative<\/td><td class=\"column-2\">2,055,893<\/td><td class=\"column-3\">73,504<\/td><td class=\"column-4\">169,221<\/td><td class=\"column-5\">226,649<\/td><td class=\"column-6\">2,525,267<\/td>\n<\/tr>\n<tr class=\"row-15\">\n\t<td class=\"column-1\"><b>Total disbursements<\/b><\/td><td class=\"column-2\"><b>7,856,162<\/b><\/td><td class=\"column-3\"><b>234,611<\/b><\/td><td class=\"column-4\"><b>688,486<\/b><\/td><td class=\"column-5\"><b>1,645,846<\/b><\/td><td class=\"column-6\"><b>10,425,105<\/b><\/td>\n<\/tr>\n<tr class=\"row-16\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td><td class=\"column-5\"><\/td><td class=\"column-6\"><\/td>\n<\/tr>\n<tr class=\"row-17\">\n\t<td class=\"column-1\"><b>Income tax<\/b><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td><td class=\"column-5\"><\/td><td class=\"column-6\"><\/td>\n<\/tr>\n<tr class=\"row-18\">\n\t<td class=\"column-1\">Income tax expense<\/td><td class=\"column-2\">624<\/td><td class=\"column-3\">7,354<\/td><td class=\"column-4\">-1,892<\/td><td class=\"column-5\">-118<\/td><td class=\"column-6\">5,968<\/td>\n<\/tr>\n<tr class=\"row-19\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td><td class=\"column-5\"><\/td><td class=\"column-6\"><\/td>\n<\/tr>\n<tr class=\"row-20\">\n\t<td class=\"column-1\"><b>Surplus\/(Deficit)<\/b><\/td><td class=\"column-2\"><b>4,543,003<\/b><\/td><td class=\"column-3\"><b>123,404<\/b><\/td><td class=\"column-4\"><b>-350,543<\/b><\/td><td class=\"column-5\"><b>-1,159,760<\/b><\/td><td class=\"column-6\"><b>3,156,104<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8a66733 elementor-invisible elementor-widget elementor-widget-image\" data-id=\"8a66733\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.12.1 - 02-04-2023 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1600\" height=\"1200\" src=\"https:\/\/annualreport.groupbanyan.com\/2022\/sustainability\/wp-content\/uploads\/2023\/04\/IMG-20221123-WA0130.jpg\" class=\"attachment-full size-full wp-image-8505\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/annualreport.groupbanyan.com\/2022\/sustainability\/wp-content\/uploads\/2023\/04\/IMG-20221123-WA0130.jpg 1600w, https:\/\/annualreport.groupbanyan.com\/2022\/sustainability\/wp-content\/uploads\/2023\/04\/IMG-20221123-WA0130-300x225.jpg 300w, https:\/\/annualreport.groupbanyan.com\/2022\/sustainability\/wp-content\/uploads\/2023\/04\/IMG-20221123-WA0130-1024x768.jpg 1024w, https:\/\/annualreport.groupbanyan.com\/2022\/sustainability\/wp-content\/uploads\/2023\/04\/IMG-20221123-WA0130-768x576.jpg 768w, https:\/\/annualreport.groupbanyan.com\/2022\/sustainability\/wp-content\/uploads\/2023\/04\/IMG-20221123-WA0130-1536x1152.jpg 1536w\" sizes=\"(max-width: 1600px) 100vw, 1600px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-acbcae3 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"acbcae3\" data-element_type=\"section\" id=\"our-integrity-and-accountability\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9871a72\" data-id=\"9871a72\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c31a85e elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"c31a85e\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Our Integrity and Accountability<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-02afdca elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"02afdca\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;animation&quot;:&quot;none&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-wide\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-dc93749 elementor-invisible\" data-id=\"dc93749\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;animation&quot;:&quot;fadeInUp&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-119cfd9 elementor-widget elementor-widget-heading\" data-id=\"119cfd9\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Our responsibility extends beyond the precautionary approach, to serve as stewards of the environment and communities in an ethical, accountable manner.<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-9014e47 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"9014e47\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-eeee164\" data-id=\"eeee164\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9ad839c elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"9ad839c\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Corporate Governance<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ae7d4f9 elementor-widget elementor-widget-heading\" data-id=\"ae7d4f9\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Banyan Tree Global Foundation (BTGF)<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7dc06df elementor-invisible elementor-widget elementor-widget-text-editor\" data-id=\"7dc06df\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.12.1 - 02-04-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p><span style=\"font-weight: 400;\">We seek to support, influence and evangelise sustainability practices. Recognising that doing good often requires financial backing, we established BTGF in 2009. It directs the Group\u2019s pursuit of sustainable business, allocating donations to worthy projects. Contributions and disbursements are accounted for under the incorporated Banyan Tree Global Foundation Limited, audited by Ernst &amp; Young LLP, Singapore.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a89275a elementor-widget elementor-widget-spacer\" data-id=\"a89275a\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.12.1 - 02-04-2023 *\/\n.elementor-column .elementor-spacer-inner{height:var(--spacer-size)}.e-con{--container-widget-width:100%}.e-con-inner>.elementor-widget-spacer,.e-con>.elementor-widget-spacer{width:var(--container-widget-width,var(--spacer-size));--align-self:var(--container-widget-align-self,initial);--flex-shrink:0}.e-con-inner>.elementor-widget-spacer>.elementor-widget-container,.e-con-inner>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer,.e-con>.elementor-widget-spacer>.elementor-widget-container,.e-con>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer{height:100%}.e-con-inner>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer>.elementor-spacer-inner,.e-con>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer>.elementor-spacer-inner{height:var(--container-widget-height,var(--spacer-size))}<\/style>\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c07c00a elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"c07c00a\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Green Imperative Fund (GIF)<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-de32355 elementor-invisible elementor-widget elementor-widget-text-editor\" data-id=\"de32355\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Since 2001, the GIF has offered guests at our hotels the opportunity to participate in environmental and community-based projects. Under an \u201copt-out\u201d arrangement, they contribute US$2 per room night at Banyan Tree branded properties, or US$1 per room night at Angsana, Cassia and Dhawa properties. The receiving property dollar-matches all such donations.<\/span><\/p><p><span style=\"font-weight: 400;\">Each resort is given 20% of their previous year\u2019s GIF contribution to spend autonomously on projects\/initiatives that have an external beneficiary. While allocation is at the discretion of the resort, use of the funds is governed by strict guidelines, with project administration limited to 20% of expenditure.<\/span><\/p><p><span style=\"font-weight: 400;\">In China, donations are made directly to and managed by the China Environmental Protection Foundation (CEPF), supporting projects mutually agreed upon, with CEPF providing quarterly progress updates to BTGF.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-39ef0d9 elementor-section-boxed elementor-section-height-default elementor-section-height-default elementor-invisible\" data-id=\"39ef0d9\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;animation&quot;:&quot;fadeInUp&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-e413e07\" data-id=\"e413e07\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-152af39 elementor-widget elementor-widget-heading\" data-id=\"152af39\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Our Reporting Frameworks<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5b5c3d5 elementor-widget elementor-widget-text-editor\" data-id=\"5b5c3d5\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">We employ multiple frameworks to manage our material risks and to support transparent, standardised and comparable communication of our economic, environmental and social impacts.<\/span><\/p><ul><li style=\"list-style-type: none;\"><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">This is our sixth report voluntarily produced in referencing the latest Global Reporting Initiative (GRI) Standards (globalreporting.org). For a complete GRI Standards content index, please see banyantreeglobalfoundation.com\/gri.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\">In 2021, the Singapore Stock Exchange (SGX) proposed a list of core ESG metrics aligned with GRI, TCFD, SASB and WEF frameworks for implementation in FY22. This is our second year following these reporting standards.<\/li><li style=\"font-weight: 400;\" aria-level=\"1\">As a founding signatory of the United Nations Global Compact (UNGC) in Singapore, we apply the precautionary principle when managing impacts of our material risks, aligning our efforts and reporting with the UNGC\u2019s Ten Principles for human rights, labour, environment and anti-corruption.<\/li><li style=\"font-weight: 400;\" aria-level=\"1\">The 2030 Agenda for Sustainable Development specifically calls on tourism to support the United Nations Sustainable Development Goals (SDGs), particularly #8: decent work and economic growth, #12: responsible consumption and production, and #14: life below water. We align our reporting with the global SDG framework but apply it to the local context where we operate. Within each material topic, we go beyond highlighting this alignment to setting specific targets so that we can measure progress towards achieving the relevant SDGs.<\/li><\/ul><\/li><\/ul><p><span style=\"font-weight: 400;\">We Applied:<\/span><\/p><p><span style=\"font-weight: 400;\">Precautionary Principle: When managing our material risks, aligning our efforts and reporting with the UNGC\u2019s Ten Principles for human rights, labour, environment and anti-corruption.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a0adfb7 elementor-section-height-min-height elementor-section-boxed elementor-section-height-default elementor-section-items-middle\" data-id=\"a0adfb7\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-cf46949\" data-id=\"cf46949\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Next Data Privacy Read Next Section Corporate Governance Banyan Tree Global Foundation directs the Group\u2019s pursuit of sustainable business, allocating donations to worthy projects. Contributions and disbursements are accounted for under the incorporated Banyan Tree Global Foundation Limited, audited by Ernst &#038; Young LLP, Singapore. Revenue Our Integrity and Accountability Our responsibility extends beyond the &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/annualreport.groupbanyan.com\/2022\/sustainability\/corporate-governance\/\"> <span class=\"screen-reader-text\">Corporate Governance<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"site-sidebar-layout":"no-sidebar","site-content-layout":"page-builder","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"disabled","ast-breadcrumbs-content":"","ast-featured-img":"disabled","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":""},"meta_box":[],"_links":{"self":[{"href":"https:\/\/annualreport.groupbanyan.com\/2022\/sustainability\/wp-json\/wp\/v2\/pages\/2791"}],"collection":[{"href":"https:\/\/annualreport.groupbanyan.com\/2022\/sustainability\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/annualreport.groupbanyan.com\/2022\/sustainability\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/annualreport.groupbanyan.com\/2022\/sustainability\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/annualreport.groupbanyan.com\/2022\/sustainability\/wp-json\/wp\/v2\/comments?post=2791"}],"version-history":[{"count":620,"href":"https:\/\/annualreport.groupbanyan.com\/2022\/sustainability\/wp-json\/wp\/v2\/pages\/2791\/revisions"}],"predecessor-version":[{"id":9430,"href":"https:\/\/annualreport.groupbanyan.com\/2022\/sustainability\/wp-json\/wp\/v2\/pages\/2791\/revisions\/9430"}],"wp:attachment":[{"href":"https:\/\/annualreport.groupbanyan.com\/2022\/sustainability\/wp-json\/wp\/v2\/media?parent=2791"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}