- Minor Hotels’ power and greenhouse gasoline emission intensities, per rooms bought, decline almost 8% and 11%, respectively, versus 2022.
- Water depth per rooms bought declines 4% 12 months on 12 months.
- Organic waste to landfill depth falls 27% in comparison with baseline 12 months of 2021, with quantity of waste recycled up 40% in comparison with 2022.
- Global growth and new resort openings drive improve in general power consumption and emissions, as group pledges to accentuate efforts to realize web zero emissions by 2050.
Minor Hotels has made vital strides in the direction of web zero, attaining year-on-year reductions in power, carbon emission and water intensities, whereas chopping its natural waste to landfill by greater than 1 / 4, based on its newly launched world 2023 Sustainability Report.
The report detailing sustainability outcomes for the total 2023 calendar 12 months was compiled by Minor International (SET:MINT), the mum or dad firm of Minor Hotels, which owns and operates greater than 540 accommodations in 56 international locations.
By implementing methods to preserve assets and scale back emissions, in addition to investing THB 359 million (approx. USD 9.7 million) in power effectivity initiatives worldwide in 2023, Minor Hotels diminished its power utilization and carbon emissions by almost 8% and 11%, respectively, on an annual per-rooms-sold foundation. Notably, all Minor Hotels properties situated in Spain, Portugal, France, the Netherlands, Austria, Belgium, Luxembourg, Denmark, and Italy consumed 100% clear electrical energy as of the top of 2023.
I’m pleased with the progress the Minor Hotels group has made via our sustainability initiatives. We have to be accountable members of the communities the place we function by supporting sustainable tourism, as our long-term success is linked on to the well-being of society and the setting. As we proceed to develop, we are going to improve our efforts to scale back our environmental footprint and obtain our pledge of Net Zero emissions by 2050. Dillip Rajakarier, Group CEO of MINT and CEO of Minor Hotels
Green power utilization throughout the Minor Hotels portfolio rose to 198 million kWh in 2023, a 14% improve over 2022. This helped drive down carbon emissions per rooms bought in 2023 by 11% versus the 12 months prior.
Net power utilization and emissions elevated in 2023, largely because of a number of resort openings, that are sometimes extra power intensive, and better group-wide occupancy. However, Minor Hotels is intensifying efforts in 2024 to achieve its targets of 15% reductions in power and emissions intensities by 2025 in opposition to a 2019 baseline.
Minor Hotels was additionally capable of scale back its water withdrawal depth throughout its properties, with the 2023 common depth per rooms bought dropping 4% versus 2022. This places it on observe to understand the group-wide discount goal of 10% by 2025 in opposition to a 2022 baseline.
The group is forward of schedule in the direction of its goal of halving its natural waste to landfill by 2030 in comparison with its 2021 baseline. As of 2023, that waste has already been diminished by 27%, partly by implementing new sorting and composting initiatives and partnerships with organisations similar to TooGoodToGo to scale back meals wastage.
In accommodations reporting waste information, the quantity of basic and dangerous waste produced fell 10% and 67% year-on-year, respectively. The quantity of waste recycled rose 41% versus 2022, and the quantity of waste composted rose 56%.
Thanks to the collective effort of our group and the help of our stakeholders, we now have made good progress in the direction of our imaginative and prescient of being the chief in delivering sustainable efficiency that positively affect stakeholders and the setting. Reducing our environmental footprint is a enterprise crucial and is the correct factor to do. Our group’s ardour for our planet’s well-being will proceed to drive how we tackle local weather change and biodiversity loss in our communities. Chompan Kulnides, Chief Sustainability Officer of Minor International
Minor Hotels has dedicated to attaining web zero carbon emissions by 2050. MINT is included in S&P Global’s Sustainability Yearbook 2024 within the Hotels, Resorts & Cruise Lines business with Top 10% ESG Scores, in addition to the FTSE4Good Index Series and has an MSCI ESG Rating of AA.
Minor International’s 2023 Sustainability Report additionally covers the hospitality group’s progress in enhancing folks’s potential and selling accountable enterprise conduct. The report is offered on Minor International’s web site right here.
About Minor Hotels
Minor Hotels is a world lodge proprietor, operator and investor at the moment with greater than 540 accommodations in operation. Minor Hotels passionately explores new prospects in hospitality with a various portfolio of properties designed intelligently to enchantment to completely different sorts of travellers, serving new passions in addition to private wants. Through our Anantara, Avani, Oaks, Tivoli, NH Collection, NH Hotels, nhow, Elewana, Marriott, Four Seasons, St. Regis, Radisson Blu and Minor International properties, Minor Hotels operates in 56 international locations throughout Asia Pacific, the Middle East, Africa, the Indian Ocean, Europe, South America and North America.
With dynamic plans to broaden current manufacturers and discover strategic acquisitions all through opportunistic markets, Minor Hotels pursues a imaginative and prescient of a extra passionate and interconnected world.
For extra data, please go to www.minorhotels.com.