Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental Capital
• Social Capital
• Human Capital
• Business Model & Innovation
• Leadership & Governance

Environmental Achievements

• Reduced electricity per capita by 33.2% from the 2020 baseline.
• Reduced water per capita by 40.6% from the 2020 baseline.
• Reduced waste per capita by 34.4% from the 2020 baseline.
• Reduced carbon intensity by 63.6% from the 2020 baseline.
• 100% LEED Platinum certified hotels in Dubai and Zurich.
• Dubai hotels are 100% solar powered through I-REC agreement with DEWA.

Social Achievements

• Contributed AED 794k to community initiatives in 2023.
• Funded 800+ life-saving surgeries.
• Empowered 1,500 girls through literacy and life-skills training.
• 22% female workforce in 2023 (vs 19% in 2022).
• Ranked 8th by Great Place to Work 2024 (UAE).

Governance Achievements

• 33% women representation in FIVE’s Board of Directors.
• 75% independent board members.
• A+ rated business ethics and compliance procedures.
• A-rated overall governance score by ISS ESG.
• Issued a $350 million Green Bond.

Climate Goals & Targets

Environmental Challenges

• Extreme weather events and natural disasters.
• Sea-level rise, saltwater intrusion, increased temperatures, and freshwater scarcity.
• Changes in government policies and increased regulatory requirements.
• Negative impact on brand reputation due to perceived lack of action on climate change.
• Rising costs and disruption caused by phasing out non-renewable energy sources.

Mitigation Strategies

• Enhancing water management, rainwater harvesting, and wastewater treatment.
• Compliance with new laws and regulations, robust ERM framework, and workforce training.
• Communication of sustainability goals and performance, social media engagement, and third-party certifications.
• Monitoring government plans, LEED Platinum standards, renewable energy adoption, and SBTi commitment.
• Climate-resilient infrastructure, geographically diverse sourcing, and business interruption insurance.

Supply Chain Management

Supplier Audits: 80% of total purchases audited annually.

Responsible Procurement

• Supplier Code of Conduct, ESG evaluation framework, sustainable procurement policy.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events
• Sea-level rise
• Water scarcity

Transition Risks

• Regulatory changes
• Market shifts
• Phasing out non-renewable energy sources

Opportunities

• Development of energy-efficient products
• Green financing opportunities
• Market shifts towards green products

Reporting Standards

Frameworks Used: GRI, SASB, TCFD, UNGC

Certifications: LEED Platinum, ISO 9001, ISO 14001, ISO 22000, ISO 27001, ISO 45001, ISO 50001, SPIRE

Third-party Assurance: BDO India LLP

UN Sustainable Development Goals

• Goal 7 (Affordable and Clean Energy)
• Goal 13 (Climate Action)
• Goal 6 (Clean Water and Sanitation)
• Goal 12 (Responsible Consumption and Production)
• Goal 8 (Decent Work and Economic Growth)
• Goal 11 (Sustainable Cities and Communities)
• Goal 17 (Partnerships for the Goals)

Initiatives contribute to these goals through various environmental, social, and governance programs.

Sustainable Products & Innovation

• Net-zero electricity ‘Build-Tech’ luxury tower design concept
• Sky Farm
• Biodegradable amenities

Awards & Recognition

• 'A' ESG rating from ISS
• Ranked 8th by Great Place to Work 2024 (UAE)
• Won Fast Company ME’s Best Workplaces for Women in Hospitality 2024