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Banyan Group's 2024 Sustainability Report

In its continued commitment to drive sustainable practices, Banyan Group recently released its 2024 Sustainability Report, titled One Banyan, One Sustainable Future. This comprehensive report marks the 19th edition and highlights the organization’s achievements in the realms of environmental and social responsibility, showcasing values that lie at the core of its operational ethos.

Banyan Group, also known as Banyan Tree Holdings Limited, is revered for its sustainable hospitality approach, and this report reaffirms their unyielding dedication to integrating sustainability into every facet of their business. The report outlines several key areas wherein the Group made significant strides in 2024:

Accelerating Decarbonisation

Aligning with global initiatives to combat climate change, Banyan Group intensified its commitment to carbon neutrality. The Group invested significantly in energy-efficient technologies and on-site renewable energy sources. Key upgrades to lighting, air conditioning, and room control systems resulted in a notable 5.7% reduction in emissions per occupied room compared to 2023. This effort underscores the Group’s proactive approach towards reducing its overall environmental footprint.

Waste Management Initiatives

In a world grappling with waste management issues, Banyan Group took substantial steps to minimize waste generation and gain control over disposal techniques. The implementation of effective waste reduction, recycling, and innovative repurposing initiatives led to a commendable 28% diversion of total waste from landfills. This was an increase from the previous year of five percentage points, highlighting effective improvement in waste handling practices within their operations.

Responsible Water Stewardship

Understanding the value of water conservation, Banyan Group has adopted a strategic approach that includes infrastructure upgrades, proactive leak detection, and reinforced storage capacities. The Group was able to boost its water efficiency by 5.1% per occupied room, showcasing their commitment to reducing wastage and promoting responsible usage.

Marine Conservation Efforts

Banyan Group recognizes the importance of marine ecosystems and is actively involved in conservation efforts. Their Our Marine Lab project in the Maldives expanded in 2024, alongside the initiation of the Coral Reef Restoration Project, a collaboration with the China Environmental Protection Foundation. Such initiatives reinforce Banyan's sustainable hospitality vision by taking significant steps towards preserving marine biodiversity.

Local Community Support

The Group's engagement with local communities remains a high priority. Through mentoring and education programs like the Seedlings Programme, 93 young individuals received vital training, fostering their growth in hospitality. Furthermore, with the aim of reviving traditional artisan skills and supporting local economies, Banyan Group enhanced its artisan network, successfully commissioning products from 306 artisan communities, including 66 new groups.

Greater Good Grants

Celebrating its 30th anniversary, Banyan Group allocated funds through the Banyan Global Foundation to support 30 associate-initiated community projects. These initiatives were carefully chosen to ensure they provided lasting social, environmental, and financial benefits to the communities surrounding their hotels and resorts, reinforcing the organization’s mission of creating a positive impact wherever they operate.

Ho Ren Yung, the Deputy Chief Executive Officer, reiterated the importance of sustainability in Banyan Group’s operations: “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.” She emphasized that the Group would continue to refine its strategies to embed responsible practices into its core operations and promote impactful climate actions across its global landscape.

For further insights into Banyan Group's sustainability initiatives and their ongoing journey towards a greener future, the full 2024 Sustainability Report is accessible for public review. Banyan Group remains committed to being a leading advocate of sustainable travel, emphasizing regenerative tourism that enhances both guest experiences and environmental stewardship.

About Banyan Group

Banyan Group, through Banyan Tree Holdings Limited, operates globally with a rich portfolio comprising over 90 hotels, numerous spas, and branded residences across more than 20 countries. Their commitment to embracing the environment and empowering people permeates every aspect of their operations, setting the standard for excellence in responsible hospitality.