Climate Change Data

Environmental Metrics

ESG Focus Areas

• Not disclosed

Environmental Achievements

• Reduced energy consumption through reduction of working days for administrative personnel and a hotel-wide campaign on cost management practices.
• Participation in Earth Hour.
• Recycling of scraps and old newspapers.
• Coastal Clean up Day participation.

Social Achievements

• Continuous participation in blood letting activities.
• Offering educational experiences and hotel-life skills training for students.
• Providing job opportunities.
• Donations to charitable institutions.

Governance Achievements

• Adoption of a Revised Corporate Governance Manual.
• Implementation of an anti-bribery policy.
• Establishment of an Audit Committee.
• Annual Corporate Governance Report updates.

Climate Goals & Targets

Environmental Challenges

• Decline in gross income in 2013 and 2014.
• Difficulty in finding a new tenant to occupy the space previously occupied by PAGCOR.

Mitigation Strategies

• Maintaining cash and retained earnings until business outlook improves.
• Considering business expansion if opportunities arise.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Selection of suppliers based on quality of work and ability to complement commitment to environment, health, and safety.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Philippine Financial Reporting Standards (PFRSs)

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Philippine National Red Cross Meritorious Service Award

Environmental Metrics

ESG Focus Areas

• Corporate Governance
• Corporate Social Responsibility
• Employee Welfare

Environmental Achievements

• Reduction of working days for administrative personnel to reduce energy consumption
• Energy conservation through use of halogen and fluorescent lights
• Water and laundry detergent conservation through reuse of linens and towels
• Recycling of scraps and old newspapers
• Participation in Earth Hour

Social Achievements

• Organized eight blood donation activities since 2008
• Offered educational experiences and hotel-life skills training for students
• Provided employment opportunities in Pasay City and neighboring areas
• Donated PhP30,000 to Our Lady of Sorrows Outreach Foundation
• Donated to Pangarap Foundation

Governance Achievements

• Adoption of a new Corporate Governance Manual incorporating recommendations from SEC Memorandum Circular No. 19, series of 2016
• Implementation of anti-bribery policy
• Establishment of Audit and Risk Committee, Nomination Committee, and Corporate Governance Committee
• Annual self-assessment of Board performance
• Implementation of whistle-blowing procedures

Climate Goals & Targets

Environmental Challenges

• Lowest occupancy rate in 2016 due to security situation, airport infrastructure limitations, and competition
• Need to find a tenant for space previously occupied by PAGCOR

Mitigation Strategies

• Negotiating with several parties for lease of PAGCOR space
• Considering expansion and diversification of operations in the Philippines, leveraging increased Chinese tourism

Supply Chain Management

Responsible Procurement

• Selection of suppliers based on quality of work and commitment to environment, health, and safety

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SEC Memorandum Circular No. 19, series of 2016

Awards & Recognition

• Philippine National Red Cross Meritorious Service Award

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Economic

Social Achievements

• Maintained 63% occupancy despite the pandemic, focusing on essential workers and quarantine needs.

Governance Achievements

• Adopted Material Related Party Transactions Policy in compliance with SEC Memorandum Circular No. 10, Series of 2019.

Climate Goals & Targets

Environmental Challenges

• Global Covid-19 pandemic severely impacted the hospitality business, resulting in decreased revenue and occupancy.
• Restricted travel and movement within the country affected hotel operations.
• Food and beverage business was more severely impacted than rooms due to government restrictions.

Mitigation Strategies

• Implemented various cost containment measures to reduce costs and cash burn.
• Deferred non-essential capital expenditures and expenses.
• Focused on essential workers, quarantine, and returning Filipinos' businesses to maintain operations.

Supply Chain Management

Responsible Procurement

• 100% of procurement budget spent on local suppliers

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SASB

UN Sustainable Development Goals

• Decent Work and Economic Growth

The Hotel provides job opportunities and decent working conditions.

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Difficult business environment in 2021 and 2020 due to the COVID-19 pandemic, leading to significant uncertainty and impacting hotel operations.

Mitigation Strategies

• Implemented various cost containment measures to reduce costs and cash burn; focused on essential workers, quarantine, and returning Filipinos' businesses; secured contracts with OWWA, POGO, and BPO companies; transitioned from a quarantine facility back to normal operations; secured Certificate of Inspection from BOQ.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environmental (Energy Management, Waste and Wastewater Management)
• Social (Labor Practices, Product and/or Service Quality and Safety)
• Economic (Supply Chain Management)

Environmental Achievements

• Implemented measures to reduce energy consumption, promote energy efficiency, and reduce wastes

Social Achievements

• Maintained high ranking score in customer satisfaction; continued aggressive guest engagement through Revinate

Governance Achievements

• Adopted its Material Related Party Transactions Policy (“Material RPT Policy”) on 24 October 2019

Climate Goals & Targets

Environmental Challenges

• Increased room market inventory in the bay area; unstable market demand; labor availability; procurement bribery; unstable prices and availability of goods and services; negative reviews and feedback regarding the old condition of the rooms
• The lesser the consumption, the lesser the cost and harm to the environment; higher consumption, the higher the cost; improper handling of solid waste materials may lead to health and environment hazards; failure to comply may lead to negative impact of hotels reputation and can cause business operational failures and shutdown

Mitigation Strategies

• Working on the favorable growth of rooms market share and f&b productions; competitive promotions and staff incentives are available; strong coordination with agency providers and well sourced manning procurement are available; in placed policy and procedures; regular preventive maintenance & repairs of the hotel rooms conducted and prepared by the RPM Team; energy conservation committee led by the Certified Energy Manager who will conduct training and seminars regarding energy conservation; monthly meeting and training on energy conservation; proper preventive maintenance of all major equipment to help reduce electricity consumption; water conservation committee led by the Certified Energy Manager who will conduct training and seminars regarding energy conservation; monthly meeting to monitor the action plan regarding water conservation; awareness and education on how to handle proper waste management; seminar regarding solid waste management; control and reduction of the use of hazardous waste materials; seminar and program regarding proper handling of hazardous waste management program and ensure proper handling of waste materials; comply with the new law DAO-202119 “Water Quality Guidelines” (WQG) and General Effluent Standards for selected parameters; monthly water sampling and pass the new parameters required by LLDA; avoid being penalized by the local government if not doing and following the new set of parameters; pertinent SOPs to address issues and follows these; various Employee Engagement Programs; Performance Management is done twice a year; active employee participation in all employee-related activities; pertinent SOPs to address said issues and follows these

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SASB

UN Sustainable Development Goals

• Decent Work and Economic Growth

The Hotel provides job opportunities and decent working conditions.