ASIAN HOTELS (EAST) LIMITED
Climate Impact & Sustainability Data (2021-22, 2023-04 to 2024-03)
Reporting Period: 2021-22
Environmental Metrics
Climate Goals & Targets
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2023-04 to 2024-03
Environmental Metrics
ESG Focus Areas
- CSR
- Employee Well-being
- Environmental Sustainability
Environmental Achievements
- Refurbished STP (Sewage treatment plant) saving 80-100KL of fresh water per day, used for gardening and other purposes.
- Improved profitability due to water conservation initiatives.
Social Achievements
- Organized industry visit for youths of LP4Y NGO.
- Organized health check-up session for employees.
- Hosted workshop by ladies of Little Big Help organization, generating Rs 25,840 revenue for their NGO.
- Visited Help Age India and donated a month’s groceries.
- Celebrated Christmas with Children of Little Big Help NGO.
- Organized a Bakery workshop with young ladies of Little Big Help Organization, revenue dedicated to their NGO development.
Governance Achievements
- Complied with Secretarial Standards on Meetings of the Board of Directors (SS-1) and General Meetings (SS-2).
- Established a Whistle Blower Policy.
- Established an Internal Complaints Committee to address sexual harassment complaints.
Climate Goals & Targets
Environmental Challenges
- Low market demand.
- High attrition rates due to uncertainty in the industry.
- Scarcity of right talent.
- Competition from newer and renovated hotels.
- Growing distribution of competitors.
- Legal challenges with the Government of Odisha regarding lease renewal for GJS Hotels Limited.
Mitigation Strategies
- Changed business mix based on market needs, focusing on brand.com and online distributors.
- Secured wedding, corporate MICE, and sports bookings.
- Renewed IT structures, expanded digital communication channels, and integrated new technologies.
- Implemented various employee well-being initiatives to reduce turnover.
- Taking necessary legal steps to protect its interest in GJS Hotels Limited.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: Ind AS
Third-party Assurance: Singhi & Co. Chartered Accountants