Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Minimised plastic use, seeking sustainable alternatives and reusing/recycling existing plastic.
• Secured new utility contracts for UK properties, resulting in unit price reductions of up to 66%.

Social Achievements

• Safestay provided jobs for 283 people in 2023, operating in 13 countries with local operating entities.
• Launched ‘Be Our Guest’ program, offering complimentary stays and discounts to staff and their families.
• Appointed Sarah Whiddett as a Non-Executive Director, the first female director on the board.

Governance Achievements

• Complied with the UK’s Quoted Companies Alliance Corporate Governance Guidelines for Small and Mid-Size Quoted Companies (the “QCA Code”).
• Refinanced existing borrowings into a single £16 million Term Loan and added a new £2.5 million Revolving Credit Facility.

Climate Goals & Targets

Environmental Challenges

• Challenging trading period due to cost-of-living crisis, impacting consumer demand and increasing utility and food costs.
• Post-COVID-19 supply increase from repurposing existing buildings.
• Higher energy and supply costs.
• Cost pressure on consumers.

Mitigation Strategies

• Dynamic yield management to mitigate cost pressures.
• Introduction of HR and people-focused initiatives.
• Centralized scheduling and HR system for payroll control and staff engagement.
• New invoicing system for streamlined cost control.
• Consolidated buying power of regions for cost savings.
• New utility broker to identify opportunities for reducing consumption.
• Growth in average bed rate to offset cost increases.

Supply Chain Management

Responsible Procurement

• Working with trusted suppliers to reduce Scope 3 emissions.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: QCA Code