Symphony International Holdings Limited
Climate Impact & Sustainability Data (2009, 2015)
Reporting Period: 2009
Environmental Metrics
Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Sustainability
- Energy Efficiency
- Eco-friendliness
Environmental Achievements
- Incorporated latest techniques in real estate design, development, and management to create sustainable and eco-friendly developments.
Social Achievements
- Not disclosed
Governance Achievements
- Not disclosed
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- The global economic environment posed numerous uncertainties, with the prospect for continuing near-term turbulence in equity valuations.
- The hospitality industry in Asia had a difficult 2009, with the H1N1 viral outbreak and the economic crisis.
- Closing the gap between the market price of our shares and what we believe to be their true value remained a challenge.
Mitigation Strategies
- Focused on supporting existing investments by driving operational improvements and ensuring they were well-capitalized to weather the storm and take advantage of the recovery.
- Cautiously evaluated opportunities where they could add the most value, but at the same time monitored the form of economic recovery that materialized.
- Sent out quarterly portfolio reviews and NAV announcements to the London Stock Exchange, posted on their website, and added to a list of shareholders who requested direct mailing of such materials.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: Null
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed
Reporting Period: 2015
Environmental Metrics
Governance Achievements
- Restructured the Investment Management Group, changing the investment manager from Symphony Investment Managers Limited to Symphony Asia Holdings Pte. Ltd. This provided more regulatory oversight and a stronger corporate governance framework.
Climate Goals & Targets
Medium-term Goals:
- MINT's midterm plan is to grow its portfolio to over 140 hotels and 2,700 restaurants by 2017.
Environmental Challenges
- Difficult market environment with considerable volatility across markets driven by concerns over economic growth and geopolitical tensions.
- Reduced growth in the lifestyle sector during the second half of 2015 due to the difficult market environment.
- Negative impact from the Bangkok bombing on MINT's retail trading and contract manufacturing businesses.
Mitigation Strategies
- Partial exit of investment in IHH through a market sale of 14 million shares, generating approximately US$23 million in proceeds.
- PREIT's asset recycling program to rebalance and strengthen its portfolio of properties.
- MINT's focus on diversifying its businesses outside of Thailand.