Lemon Tree Hotels Limited
Climate Impact & Sustainability Data (2020-04 to 2021-03, 2021-04 to 2022-03, 2022-04 to 2023-03)
Reporting Period: 2020-04 to 2021-03
Environmental Metrics
ESG Focus Areas
- Environment
- Social
- Governance
Environmental Achievements
- ~52% reduction in normalized water withdrawal intensity per total floor area since FY18
- ~18% reduction in normalized Scope 2 Emissions per occupied room since FY18
- ~61% reduction in normalized Energy Consumption per total floor area since FY18
- 10% share of renewable energy in electricity mix in FY21 (increased from 6% in FY20 and 3% in FY18)
- 15% of hotels awarded Green Building Certification under IGBC/LEED New Building scheme by FY21 (increased from 12% in FY20)
Social Achievements
- Launched ‘Lemon Tree Cares’ initiative to provide comprehensive support to employees and their families during the COVID-19 pandemic
- 14.3% of ODIs (Opportunity Deprived Indians) in the workforce in FY21 (compared to 16% in FY20)
- Zero health and safety related incidents reported at under-construction sites in FY21
- 85% retention of new employees in FY21
Governance Achievements
- Established an ESG Taskforce to develop and implement ESG strategy
- Implemented Enterprise Risk Management (ERM) strategy
- 98% of owned/leased operations assessed for risks related to fraud and corruption in FY21
- No incidents of bribery and corruption observed across operations in FY21
- No POSH related complaints registered across operations in FY21
Climate Goals & Targets
- 100% EV fleet across operations by FY31
- Reduce energy intensity by 15% by FY26 (compared to FY19 baseline)
- Increase renewable energy usage to 35% by FY26 and 50% by FY30
- Achieve IGBC/LEED Gold certification for 100% of owned hotels by FY26
- Increase ODIs in workforce to 30% by FY26
- Reduce water consumption intensity by 10% by FY23 (compared to FY19 baseline)
Environmental Challenges
- COVID-19 pandemic significantly impacted operations and revenue
- Resource consumption (energy, water, waste)
- Changing consumer preferences
- Cyber security risks
- Debt management
- Climate change
- Reputational risk
- Dependence on OTAs
Mitigation Strategies
- Significant cost control measures to reduce cash burn
- Adoption of renewable energy, improved energy efficiency, and waste management initiatives
- Data analytics to address evolving customer needs, customer engagement programs, and loyalty program
- Updating data privacy policy, upgrading IT infrastructure, and cybersecurity training
- Focused monitoring of business performance, asset-light growth strategy, and asset monetization
- Green building design, investment in low-emission technology, and exploration of carbon offsetting
- Loyalty program, strategic networking, community outreach, and timely response to customer grievances
- Improving website user interface and encouraging direct bookings through loyalty program
Supply Chain Management
Responsible Procurement
- Ethical and responsible sourcing practices
- Development of a Code of Conduct for suppliers
Climate-Related Risks & Opportunities
Opportunities
- Adoption of renewable energy
- Investment in energy-efficient technologies
Reporting Standards
Frameworks Used: GRI Standards (core criteria), SASB, GRESB
Certifications: IGBC/LEED Gold Standard (6 hotels)
Third-party Assurance: Deloitte Haskins and Sells LLP
UN Sustainable Development Goals
- SDG 7
- SDG 12
- SDG 13
- SDG 6
- SDG 10
- SDG 5
- SDG 4
- SDG 8
- SDG 15
- SDG 11
- SDG 9
Initiatives aligned with various SDGs as detailed in the report
Awards & Recognition
- Travelers’ Choice Award (68 out of 79 hotels)
- Best of the Best Award (Lemon Tree Premier, Corbett)
- Investing in People Award, Tourism for Tomorrow Awards 2019
- Green Champion Award 2018
- Boldness in Business Award for Corporate Responsibility/Environment 2018
- Other awards listed in the report
Reporting Period: 2021-04 to 2022-03
Environmental Metrics
ESG Focus Areas
- Environment
- Social
- Governance
Environmental Achievements
- 15.25% share of renewable energy in the electricity mix in FY22
- 37.80% reduction in normalised water withdrawal intensity per total floor area since FY19
- 13.95% reduction in normalised emissions intensity per occupied room since FY19
Social Achievements
- 13% Opportunity Deprived Indians (ODIs) employed in FY22
- Launched ‘Lemon Tree Cares’ initiative providing COVID-19 support to employees and their families.
- Implemented new policies for social media, internal transfers, and the right to association.
Governance Achievements
- Operations audited (internally) for cases of corruption and bribery
- 78.18% average board attendance
- 20 board committee meetings held during FY22
Climate Goals & Targets
- Not disclosed
- 15% reduction in energy consumption (intensity based) by FY26
- 50% renewable energy by FY26
- 40% reduction in GHG emissions (intensity based) by FY26
- 10% reduction in water consumption (intensity based) by FY26
- 100% IGBC certification of hotels by FY26
- 30% ODIs in the workforce by FY26
- 15% women in senior management by FY26
- Not disclosed
Environmental Challenges
- Supply chain disruptions
- Increase in power and fuel costs
- Rise in price of airline tickets
- Rise in procurement costs due to increase in commodity price
- High attrition rate
Mitigation Strategies
- Cost rationalisation and ARR restoration
- Renegotiated purchase contracts with suppliers
- Timely fund arrangements
- Asset-light growth strategy
- Revamped SOPs, cross-trained and upskilled employees
- Launched ‘Rest Assured’ health and hygiene program
Supply Chain Management
Supplier Audits: Annual
Responsible Procurement
- ESG-focused agreement with key suppliers
- Supplier Code of Conduct
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: International Integrated Reporting Framework (IIRC), GRI Standards: Core option
Certifications: IGBC Gold Certification (6 hotels)
Third-party Assurance: Felix Advisory Private Limited
UN Sustainable Development Goals
- Goal 7 (Affordable and Clean Energy)
- Goal 12 (Responsible Consumption and Production)
- Goal 13 (Climate Action)
- Goal 6 (Clean Water and Sanitation)
- Goal 8 (Decent Work and Economic Growth)
- Goal 11 (Sustainable Cities and Communities)
- Goal 16 (Peace, Justice and Strong Institutions)
Initiatives contributing to these goals are detailed throughout the report.
Awards & Recognition
- TripAdvisor Travelers’ Choice Award (61 out of 80 hotels)
- Chief Minister’s Excellence Award for Labour Welfare
- Asia’s Biggest Tourism Awards
- Hotelier India Awards 2021
- Investing in People Award, Tourism for Tomorrow Awards 2019
- Role Model Company 2017 and 2012
- Hellen Keller Award
- Best Large Workplaces in Asia 2018
- Best Company in India 2017
- Best Company in Asia 2017
- Exemplary Practice Award 2014
- Green Champion Award 2018
- Boldness in Business Award 2018
- Best Employer – National Award, 2016 and 2011
- Asian Human Capital Award 2015
Reporting Period: 2022-04 to 2023-03
Environmental Metrics
ESG Focus Areas
- Customer Delight
- Brand and Reputation Management
- Diversity and Inclusion
- Commitment to Human Rights
- Water Management
- Ethics and Transparency
- Data Privacy
- Economic Performance
- Talent Management
- Waste Management
- Energy Management
- Sustainable Supply Chain
Environmental Achievements
- 19% reduction in GHG emissions (intensity based) in FY23 over FY19 baseline
- 10% reduction in Energy Consumption (intensity based) in FY23 over FY19 baseline
- 15% reduction in water consumption (intensity based) in FY23 over FY19 baseline
- 25% certified green buildings (hotels) in FY23
Social Achievements
- 13% Opportunity Deprived Indians (ODIs) in the workforce in FY23
- 12% women across the workforce in FY23
Governance Achievements
- Implemented a rigorous process for handling all related party transactions
- Strong commitment to upholding the highest standards of ethical conduct and integrity
Climate Goals & Targets
- Pathway to Net Zero
- 50% Renewable Energy usage by FY26
- 40% reduction in GHG emissions by FY26
- 100% certified green buildings by FY26
- 15% women across the workforce by FY26
- 30% Opportunity Deprived Indians (ODIs) in the workforce by FY26
- 10% reduction in water consumption by FY26
- 15% reduction in Energy Consumption by FY26
Environmental Challenges
- Unstable supply of Renewable Energy (RE) impacting GHG emissions
- Deviation from ethical/transparent practices possible in a growing network
- Deviation from compliance possible in a growing network
Mitigation Strategies
- Instituted dual/multiple sign-off process, active whistleblower policy, strong ombudsman policy
- Defined a new data privacy policy following global and Indian standards
- Internal audit system and software (Legatrix) to monitor compliances
Supply Chain Management
Responsible Procurement
- Supplier Code of Conduct promoting sound labour practices and fair treatment of workers
Climate-Related Risks & Opportunities
Opportunities
- Increasing share of renewable energy
- Use of energy efficient equipment
- Action plan to use EV vehicles
- Use of cleaner fuels
- Phasing out of equipment using CFCs
- Planting trees
- Exploring carbon offsets
Reporting Standards
Frameworks Used: GRI Standard, IIRC framework, UN Sustainable Development Goals
Certifications: IGBC
Third-party Assurance: FELIX advisory