GreenTree Hospitality Group Ltd.
Climate Impact & Sustainability Data (2023, 2024-07-01 to 2024-09-30)
Reporting Period: 2023
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Closure of L&O stores in restaurants
- Reduced business from supermarkets in wholesale and others
Mitigation Strategies
- Focusing on leveraging expertise to attract and support franchisees in the restaurant business
- Increased business through distributors in wholesale and others
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2024-07-01 to 2024-09-30
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Lower than expected travel in the third quarter.
- Strategic review of L&O hotels segment leading to the net closure of 9 hotels by the end of the third quarter.
Mitigation Strategies
- Focusing on growing the pipeline and upgrading numerous hotels across the portfolio.
- Continued growth of franchised street stores and stores with stable consumer traffic in the restaurant business.