Climate Change Data

Environmental Metrics

ESG Focus Areas

• Corporate Governance
• Economic Performance
• Energy
• Employment
• Occupational Health and Safety
• Training and Education
• Customer Health and Safety
• Socioeconomic Compliance

Environmental Achievements

• Energy Management Thermostat project implemented across 19 properties, generating US$200k in utility savings and reduced carbon emissions
• Planned public space LED conversions at 9 Hyatt House properties to reduce energy and carbon footprint
• Initiatives to reduce single-use plastics and bottled water consumption

Social Achievements

• Zero fatalities for both employees and Hotel Managers’ associates
• Zero serious incidents concerning customer health and safety
• Average of 33.2 training hours per employee (exceeding the target of 26 hours)
• Community engagement initiatives such as care pack preparation for cancer patients and participation in charity runs

Governance Achievements

• Zero reported cases of corruption, fraud, or non-compliance with relevant laws, regulations, and governance policies in FY2020
• Established Risk Management Framework addressing strategic enterprise, operational, financial, and compliance risks
• Adoption of over 40 chapters of ARA Sustainability Policy on Environmental, Social and Governance aspects

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic significantly impacted hotel operations, leading to lower occupancies and energy consumption
• Maintaining brand and service standards during the pandemic

Mitigation Strategies

• Adapting COVID-19 safety precautions in line with U.S. Government directives
• Implementing antiviral and antimicrobial disinfection procedures
• Providing hand sanitizers and social distancing markers
• Providing proper personal protective equipment and training for staff

Supply Chain Management

Responsible Procurement

• Supplier Code of Conduct outlining supplier standards, including transparency concerning policies and practices related to hiring and employee education; adherence to national and local laws and regulations; respect for human rights

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards - Core option, Sustainability Reporting Guide of the Singapore Exchange Securities Trading Limited’s Practice Note 7.6

Sustainable Products & Innovation

• Large-format bathroom amenities
• Recyclable products
• Mobile room entry solutions

Environmental Metrics

ESG Focus Areas

• Sustainability

Environmental Achievements

• Implemented energy savings initiatives

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impact on business and group travel demand
• Mandated property improvement plans requiring capital expenditure
• High inflation and higher interest rates affecting acquisitions
• Low trading volume of units

Mitigation Strategies

• Phased capital expenditures funded by FF&E reserves and undrawn facilities
• Portfolio optimization strategy to dispose of non-core assets and recycle capital
• Monitoring interest rates for optimal refinancing time
• Focus on improving operating and financial performance to increase stapled security price and liquidity

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

Environmental Metrics

ESG Focus Areas

• Electronic communications

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities