Grande Asset Hotels and Property Public Company Limited
Climate Impact & Sustainability Data (2021)
Reporting Period: 2021
Environmental Metrics
ESG Focus Areas
- Service Safety
- Product and Service Development
- Raw Material Sourcing
- Human Resources Management
- Environmental Management
- Governance
- Technology and Innovation
- Safety Management
- relationship with customers
Environmental Achievements
- Reduced the use of plastic and foam materials
- Reduced food waste by planning from start to finish
- Reduced greenhouse gas emissions by using the principles of efficient energy management and social responsibility
- Reduced water consumption from toilet bowls to 75% without affecting sanitation
- Installed window film in guest rooms to reduce temperature by 5–7 degrees Celsius
- Wastewater management system continuously inspected and maintained to ensure compliance with local standards
Social Achievements
- Project to employ disabled employees
- Student Internship Program
- Treat employees equally in accordance with the law and human rights
- Enhancing employees' knowledge and competence through training in various fields
Governance Achievements
- Policies and guidelines established within the organization to ensure that stakeholders are confident that the Company’s operations are in accordance with corporate governance and code of conduct with transparency in accordance with the Anti-Corruption Policy.
- Ensuring that all agencies strictly comply with relevant laws/announcements such as the Public Law Act
Climate Goals & Targets
Environmental Challenges
- Risk from global economic volatility
- Risk from economic volatility caused by the spread of the COVID-19 virus
- Risk from exchange rate fluctuations
- Real estate business risk due to high investment costs
- Risks from an ownership ceiling of condominium for foreign customers
- Risk from increasing numbers of competitors in inner Bangkok
- Risks from the promulgation of the new Land and Buildings Tax Act
- Risk of delays in transfer of customer ownership
- Risk from economic fluctuation caused by the outbreak of the COVID-19 virus
- The risk of the number of employees being inconsistent with the hotel’s income
- Risks from a number of hotel business operators
- Restrictions on leasehold land being the sites of the Group’s hotels
- Risk from domestic factors
Mitigation Strategies
- Adjusted the operating plan in both countermeasures to build confidence for customers who visit the project and measures to stimulate sales
- Adjusted sales and marketing strategies to reduce risks that may arise from the volatility of Thai baht
- Prepared a clear financing plan for each project
- Focused on creating a marketing plan to be able to manage the condominium ownership ceiling appropriately and efficiently
- Studied and conducted a survey of the needs of target customers
- Conducted a marketing plan to promote the company’s sales
- Collaborated with various financial institutions for a pre-approved process
- Adjusted the number of employees in each hotel to make expenses consistent with income
- Controlled operating expenses in line with lower customer occupancy rates
- Issued Grande Asset Exclusive Cash Voucher to attract customers
Supply Chain Management
Responsible Procurement
- Standards for raw material procurement are established in accordance with safety standards to ensure that the raw materials are carefully selected and undergo a socially responsible procurement process.