Climate Change Data

Sayaji Hotels Limited

Climate Impact & Sustainability Data (2013-04 to 2014-03, 2014-03 to 2015-03, 2019)

Reporting Period: 2013-04 to 2014-03

Environmental Metrics

ESG Focus Areas

  • Corporate Social Responsibility (CSR)

Social Achievements

  • Maintained cordial relationship with workforce; implemented various employee welfare initiatives; maintained clean and hygienic environment at hotels.

Governance Achievements

  • Adopted a Code of Conduct for Directors and Senior Managers; established Audit, Nomination & Remuneration, and Shareholders/Investors Grievance Committees; complied with all mandatory requirements of Clause 49 of the Listing Agreement.

Climate Goals & Targets

Medium-term Goals:
  • Construct a large banquet hall in Indore with capacity of more than 1000 persons; open new F&B venues in Ankleshwar.
Short-term Goals:
  • Start F&B and Banquet business in Bhopal by September 2014; open hotel with 72 rooms in Ankleshwar in near future.

Environmental Challenges

  • General economic conditions; weak performance in domestic travel in 2013; slowdown in supply of new hotel rooms due to starvation and shifting of investment; high project costs.
Mitigation Strategies
  • Expand outdoor catering services; explore opportunities in tier 2 cities; start new F&B options; continually update existing properties to match international standards; implemented a structured risk management framework.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Period: 2014-03 to 2015-03

Environmental Metrics

Renewable Energy Share:50% (Indore hotel)

ESG Focus Areas

  • Environmental Sustainability
  • Health and Safety
  • Employee Well-being
  • Corporate Social Responsibility
  • Governance

Environmental Achievements

  • Company is taking solar power units from Ujaas Energy Ltd. for its hotel situated at Indore. Effectively 50% of power consumption of the above said hotel unit of the Company is through solar energy.

Social Achievements

  • Launched various HR initiatives including a systematic performance appraisal system, competitive incentive plans, employee engagement activities (trips, sports week), blood donation camps, and regular health checkups.
  • Successfully launched its Bhopal Unit, achieving Rs. 7.23 Crores in revenue in 4.5 months.

Governance Achievements

  • Implemented a structured risk management framework.
  • Constituted a CSR Committee and approved a CSR Policy.
  • Established a Whistle Blower/Vigil Mechanism Policy.
  • Re-constituted some Board Committees and formed a Corporate Social Responsibility Committee.

Climate Goals & Targets

Medium-term Goals:
  • Opening more Effotel hotels in tier 2 and small cities.
Short-term Goals:
  • Renovation plan of three floors and some large banquet halls in Indore hotel.

Environmental Challenges

  • Political turbulence and negative publicity affecting tourism.
  • Growth in hotel supply outstripping demand in some cities.
  • Escalating land prices, increasing energy costs, depleting water levels, and scarcity of trained manpower.
  • Accumulated losses.
Mitigation Strategies
  • Focus on judicious management of working capital.
  • Implementation of a structured risk management framework.
  • Extensive training of manpower.
  • Aggressive marketing through online mediums.
  • Cost control initiatives.
  • Attracting customers in lean periods with attractive holiday packages.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Period: 2019

Environmental Metrics

Social Achievements

  • Formulated a policy on ‘Protection of Women’s Rights at Workplace’ as per the provisions of the Sexual Harassment of Women at Workplace (Prevention, Prohibition & Redressal) Act, 2013.

Governance Achievements

  • Maintaining high standards of Corporate Governance.
  • Adopted a Code of Conduct for trading in listed or proposed to be listed securities of the Company.
  • Adopted a Code of Conduct for the Board Members and Senior Management Personnel of the Company.

Climate Goals & Targets

Environmental Challenges

  • Fluctuations in international tourist arrivals
  • Shortage of skilled employees
  • Retaining quality workforce
  • Rising customer expectations
  • Intense competition
  • Food-borne illness
  • Alcohol-fueled behavior
  • Shortage of experienced personnel
  • Consumer perception of risk
  • On-premises security
  • Cyber security
Mitigation Strategies
  • Continuous focus on judicious management of working capital, receivables, and inventories.
  • Continuous monitoring of working capital parameters.
  • Thorough training of restaurant personnel in food handling, sanitation and health safety procedures.
  • Implementation of food vendors’ quality controls.
  • Appropriate licensing and continuous training of employees who serve alcohol.
  • Addressing wage and worker satisfaction issues.
  • Review of security staffing levels and equipment.
  • Thorough background checks and adequate training for security staff.
  • Proper maintenance of security systems.
  • Implementation of data safeguards and procedures.
  • Periodic review of risks and a framework for mitigating controls and reporting mechanism of such risks.

Supply Chain Management

Climate-Related Risks & Opportunities