Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental Protection
• Energy Management
• Water Management
• Waste Management
• Supply Chain Management
• Service Quality
• Anti-Corruption
• Social Employment
• Employee Health and Safety
• Community Investment
• Labour Standard
• Development and Training

Environmental Achievements

• Paris Marriott Hotel certified by Green Key
• Paris Marriott Hotel initiated an organic waste recycling project
• Paris Marriott Hotel removed shark fin from menus since late 2011
• Butterfly on Waterfront enrolled in energy audit service to identify energy saving potentials

Social Achievements

• No work related fatalities or injuries were recorded.
• Regular training for employees on quality services and anti-corruption.
• Employees are entitled to medical insurance, participation in the mandatory provident fund and paid leaves.

Governance Achievements

• The Board is committed to upholding high standards of business integrity, honesty, ethics and transparency in our operations.
• No legal case was filed against the Hotels or their employees with regard to corruption issues.

Climate Goals & Targets

Environmental Challenges

• Significant decline in revenue of Paris Marriott Hotel due to terrorist attacks and other disturbances.
• Impairment loss on goodwill and hotel properties were recorded on the Paris Marriott Hotel.
• Decline in visitor arrivals in Hong Kong due to decrease in PRC visitors.
• Increased competition in the hotel industry in Paris and Hong Kong.
• Economic and market risks, including recession, inflation, currency fluctuations, and interest rates.
• Terrorism, diseases, and natural disasters.
• High indebtedness and interest rate risks.
• Foreign exchange fluctuations.
• Risks related to information technology systems and cyber threats.
• Credit risk in money lending business.

Mitigation Strategies

• Active steps taken by Butterfly on Waterfront to preserve occupancy and average daily rate.
• Considering improvement proposals, including renovation plans for Paris Marriott Hotel.
• Close collaboration with online travel agencies to generate more online bookings.
• Conservative treasury approach and tight controls over cash management.
• Regular review and monitoring of foreign exchange exposure.
• Consistent review, maintenance, or upgrade of information technology systems.
• Requiring borrowers to provide sufficient collaterals and regular monitoring of loan portfolio.
• Implementing internal control measures to mitigate risks.

Supply Chain Management

Supplier Audits: Spot checks are conducted on delivered goods and services.

Responsible Procurement

• Paris Marriott Hotel expects suppliers to operate in full compliance with all applicable environmental laws, ordinances and regulations.
• Marriott International Global Procurement Supplier Conduct Guidelines
• Supplier code of conduct for Butterfly on Waterfront

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: ESG Reporting Guide (Appendix 27 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited)

Certifications: Green Key