BANYAN
Global
foundation
Sustainability and Stewardship
Brand for Good
As responsible stewards, we:
- Create exceptional design-led experiences embracing nature and wellbeing
- Provide fair and dignified employment
- Enable long-term benefits for communities
- Exercise the precautionary approach and protect and regenerate the environment
- Partner fairly and transparently, while enhancing societal benefits
- Generate sustained, long-term returns for shareholders
Progress and Engagement
The Brand for Good framework enables our corporate offices and 75 operating hotels to work from a common platform of best practice. The hotels now report monthly on 40 specific guidelines under the framework and must adhere to requirements under the material topics of Waste; Water; Climate Change; Biodiversity; and Diversity, Equity and Inclusion.
As of end 2023, the rate of compliance with the Brand for Good framework was 84% across the hotel portfolio, exceeding the initial target of 80% compliance in Year 1 of implementation. The objective is to attain 90% compliance by the end of 2024 and then 100% compliance in 2025.
In total, Banyan Group undertook more than 1,300 environmental and social activities in 2023. We involved various stakeholders in many of these, including tree planting, clean-ups and wildlife conservation.
Internally, we continued to address and monitor the Health and Wellbeing of associates, which is important to our core values and business success. In 2023, the Associate Wellbeing Index reported an increase of 5 percentage points, with properties rolling out a total of more than 350 initiatives.
Embracing The Environment
Waste-Diverted from landfill
Water-Recycled/recaptured
of water saved through implementation of recapture and water savings initiatives
Biodiversity-Certified sustainable food sources
of seafood purchases from sustainable sources
of our global supply chain sources cage-free eggs
Climate Change-Emissions (Resorts/Hotels)
Intensity of emissions per occupied room decreased
by 20%, despite an increase
of 14% in rooms sold.
Empowering People
Diversity, Equality and Inclusion – Gender Pay Gap
adjusted (2023)
unadjusted (2023)
Associate Wellbeing Index
increase (2023)
Banyan Group’s partnership with the United Nations Global Compact continues. This is how we align with the UN Sustainable Development Goals and identify action plans to advance them. Aside from our ongoing focus on climate change and emissions, we are exploring how to align more closely with the UN Women’s Empowerment Principles.
Details of our sustainability efforts and plans will be published in our Sustainability Report 2023.