Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental Sustainability
• Employee Well-being
• Corporate Governance
• Community Engagement
• Supply Chain Management

Environmental Achievements

• Implemented energy-saving initiatives such as replacing light bulbs with LEDs and using energy-efficient water chillers, resulting in a reduction in energy consumption.
• Launched a "No Straw" campaign in Fiesta Resort Guam to minimize plastic waste.
• Implemented water-saving measures such as using low-flow showerheads and encouraging guests to reuse towels and linens.

Social Achievements

• Organized various recreational and team-building activities for employees.
• Provided 6,030.75 hours of training, with an average of 7.33 hours per employee.
• Maintained a 2% employee turnover rate.

Governance Achievements

• Complied with the Corporate Governance Code set out in Appendix 14 to the Listing Rules.
• Established a zero-tolerance policy against bribery, extortion, fraud, and money laundering.
• Implemented a Whistleblowing Policy.

Climate Goals & Targets

Environmental Challenges

• Reducing GHG emissions and energy consumption.
• Minimizing waste generation.
• Conserving water resources.

Mitigation Strategies

• Implemented energy-saving initiatives.
• Implemented the "No Straw" campaign and other waste reduction measures.
• Adopted various water-saving measures.

Supply Chain Management

Responsible Procurement

• Procurement policy and procedures to evaluate supplier suitability and competency; annual performance evaluation of approved suppliers; discontinuation of business with suppliers who repeatedly fail to meet requirements.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: HKEX ESG Reporting Guide

Certifications: Payment Card Industry Data Security Standards (Fiesta Resort Guam)

Environmental Metrics

ESG Focus Areas

• Corporate Governance
• Employee Well-being
• Supply Chain Management
• Environmental Sustainability
• Community Engagement

Environmental Achievements

• Reduced energy consumption by 49.33% compared to 2019, mainly due to decreased travel demand and temporary business closures during the COVID-19 pandemic.
• Reduced GHG emissions by 49.80% compared to 2019 due to lower energy consumption.
• Implemented waste reduction initiatives such as collaborating with local piggery companies for food waste and recycling toner cartridges.

Social Achievements

• Organized 1,004.75 hours of training for employees (average 4.37 hours per employee).
• Implemented a zero-tolerance policy against discrimination and harassment.
• Organized various employee recreational and team-building activities.

Governance Achievements

• Established a Fraud Policy and whistleblowing system to address misconduct.
• Complied with the Corporate Governance Code set out in Appendix 14 of the Listing Rules of the HKEX.
• Implemented stringent procurement procedures and supplier selection process.

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic significantly impacted sales revenue and led to a higher employee turnover rate.
• Supply chain disruptions due to the pandemic.

Mitigation Strategies

• Implemented cost-saving measures, including staff layoffs.
• Expedited renovation and upgrade works of hotels and resorts to optimize guest experience.
• Stringent supplier selection and evaluation process to ensure business continuity.

Supply Chain Management

Responsible Procurement

• Standardized Procurement Manual
• Stringent supplier selection process
• Annual supplier performance evaluation

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: HKEX ESG Reporting Guide

Environmental Metrics

ESG Focus Areas

• Environmental Sustainability
• Employee Well-being
• Supply Chain Management
• Community Engagement
• Corporate Governance
• Business Ethics

Environmental Achievements

• Implemented energy-saving initiatives aiming to reduce electricity consumption intensity by 15% from the 2019 baseline by 2030.
• Implemented waste reduction strategies aiming to reduce commercial waste intensity by 20% from the 2019 baseline by 2030 (exclusive of construction waste).
• Implemented water-saving initiatives aiming to reduce water consumption intensity by 10% from the 2019 baseline by 2030.
• Renovation and improvement project for staff housing facility including fire safety upgrades and room improvements.

Social Achievements

• Organized 2,834 hours of employee training (average 13.18 hours per employee).
• Maintained a safe working environment with no lost days due to work injury and no work-related fatalities in the past three years.
• Implemented various recreational and team-building activities to foster a harmonious workplace.
• Participated in Safe + Sound Week, promoting workplace health and safety.

Governance Achievements

• Established a robust ESG governance structure with clear roles and responsibilities.
• Implemented a fraud policy and whistleblowing system to maintain business integrity.
• Provided anti-corruption training to directors and staff (36 hours for top management, 147 hours for others).

Climate Goals & Targets

Environmental Challenges

• Climate-related physical risks (increased temperatures, stronger storms, sea-level rise, threats to freshwater, coral reef bleaching).
• Climate-related transition risks (policy changes, technological advancements, market shifts).

Mitigation Strategies

• Improving typhoon, tsunami, and other natural disaster protection facilities.
• Developing emergency response plans and disaster response mechanisms.
• Increasing insurance coverage.
• Providing staff training on disaster preparedness.
• Procuring energy-efficient equipment.
• Monitoring changes in environmental laws and regulations.
• Innovating to improve energy efficiency and reduce GHG emissions.
• Improving management transparency and responding to stakeholder concerns.
• Developing long-term carbon emission reduction plans.

Supply Chain Management

Supplier Audits: Annual assessment of suppliers based on KPIs (flawed products, wrong products, late delivery, price).

Responsible Procurement

• Standardized Procurement Manual
• Supplier Code of Conduct (SCC) addressing environmental and social risks.

Climate-Related Risks & Opportunities

Physical Risks

• Increased temperatures
• Stronger tropical storms and typhoons
• Threats to natural areas and infrastructure from sea level rise
• Risks to freshwater
• Coral reef bleaching and loss

Transition Risks

• Policy and legal changes
• Technological advancements
• Market changes

Reporting Standards

Frameworks Used: HKEx ESG Reporting Guide

Environmental Metrics

ESG Focus Areas

• Environmental Protection
• Employee Well-being
• Supply Chain Management
• Community Investment
• Business Ethics

Environmental Achievements

• Crowne Plaza Resort Guam awarded Level One achievement in IHG's Green Engage System.
• Installation of LED lighting and enhanced HVAC systems in Crowne Plaza Resort Guam to improve energy efficiency.
• Installation of water-saving fixtures in Crowne Plaza Resort Guam.
• Transitioned to recyclable and biodegradable bento boxes and wooden cutlery for takeaway food, reducing waste.

Social Achievements

• Successfully filed new CW-1 visa petitions for three employees impacted by visa expiration.
• Zero work-related fatalities in the past three years.
• 9,841 hours of employee training in 2023 (average 22.16 hours per employee).
• Hosted a luncheon for elderly guests as part of the “Giving for Good” campaign.
• Provided volunteer support at aid stations during the Saipan Marathon.

Governance Achievements

• Compliance with all applicable code provisions of the CG Code.
• All Directors confirmed compliance with the Model Code for Securities Transactions.
• Audit Committee reviewed and monitored the integrity of financial statements and reports.
• Remuneration Committee reviewed and recommended remuneration policy and structure.

Climate Goals & Targets

Environmental Challenges

• Macro-economic and political environment affecting leisure tourism.
• Dependence on tourist arrivals and flight schedules.
• Potential failure to renew land leases for Kanoa Resort.
• Labor-intensive operations and potential staffing shortages.
• Compliance with legal and regulatory requirements.
• Disaster events such as typhoons.
• Net current liabilities exceeding current assets.

Mitigation Strategies

• Adjusting business plans to changing macro-economic conditions.
• Actively encouraging airlines to increase flight routes.
• Finalizing land lease renewal with local government.
• Competitive remuneration packages and employee training programs.
• Engaging external professional advisors for legal and regulatory compliance.
• Comprehensive insurance coverage for properties and operations.
• Shareholder loans and exploring additional funding sources to address liquidity pressure.

Supply Chain Management

Supplier Audits: Annual performance evaluations of existing suppliers.

Responsible Procurement

• Supplier Code of Conduct outlining environmental and social considerations.

Climate-Related Risks & Opportunities

Physical Risks

• Stronger tropical storms and typhoons
• Increased extreme weather events
• Rising temperatures
• Rising sea levels and coastal flooding
• Risks to fresh water
• Coral reefs bleaching and loss

Transition Risks

• Policy and legal risks
• Technology risks
• Market changes

Reporting Standards

Frameworks Used: ESG Reporting Guide (Appendix C2 of the Listing Rules)