Sustainability Report 2023

Our

Journey

1992

Laguna Phuket (transformed from an abandoned tin mine site) awarded the American Express and International Hotel Association Environmental Award

2001

Green Imperative Fund introduced to finance environmental action and community-based projects in places where Banyan Tree has a presence

2004

First resort-based Marine Lab established in the Maldives

2005

Joined UN Global Compact Network Singapore with co-founder, Claire Chiang, serving as its first president

2006

First sustainability report published

2007

Started resource conservation, climate change awareness, and youth mentorship programs.

2009

Banyan Global Foundation established

2010

Partnered with EarthCheck for sustainability certification

2014

Launch of ‘for Good’ initiatives across the group

2017

Conducted a materiality analysis with stakeholders that align with UN SDGs

Adopted GRI standards

2018

Essentials bath & body care and aromatherapy products reformulated

2019

Celebrated 25 years of Banyan Tree, 15 years of our Marine Lab and 10 years of the Global Foundation

2020

Started Greater Good Grants and implemented a supplier code of conduct

2021

Environmental and community fund created in China

Joined the UNESCO Sustainable Travel Pledge

2022

Launched the Brand for Good framework across all properties, and began reporting against our material topics

2023

Company-wide emissions baseline assessed

Seedlings and Greening Communities programmes revitalised

Impact Award for Regenerative Design of the Year Category received for Buahan, a Banyan Tree Escape

Step-Up International Laguna Kindergarten (SILK) established, offering free early childhood English language learning for all our associates, as well as care programmes in the community

Sustainability Report 2023

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© 2024 Banyan Group

Sustainability Report 2023

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© 2024 Banyan Group