GlobalData offers a comprehensive analysis of Shangri-La Asia, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Shangri-La Asia’s ESG performance. GlobalData’s company profile on Shangri-La Asia offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
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Shangri-La Asia, a leading hospitality company, is committed to reducing its greenhouse gas (GHG) emissions and mitigating its environmental impact. It has already implemented various measures and plans to continue investing in emission reduction initiatives. The company's efforts include supplier engagement, energy efficiency measures, waste reduction, and water conservation. In 2022, the company's overall greenhouse gas (GHG) emissions totaled 835 (’000 tonnes CO2e). Within this, scope 1 emissions reached 107 (’000 tonnes CO2e), scope 2 emissions amounted to 642 (’000 tonnes CO2e) and scope 3 emissions stood at 86 (’000 tonnes CO2e). The carbon emissions intensity for 2022 remained within the targeted level of 146 kg CO2e/m2.
In 2022, the company reaffirmed its dedication to sustainability by updating intensity reduction targets for carbon emissions, energy, and water. With a strong commitment, the company aims to achieve ambitious targets for 2025, including a 15% reduction in carbon emissions intensity, a 15% reduction in energy intensity, a 5% reduction in water intensity, and a substantial 50% reduction in single-use plastics intensity, all relative to the 2019 baseline. These targets reflect the company's ongoing efforts to enhance environmental performance and contribute significantly to a more sustainable future.
Shangri-La recognizes climate change as a significant sustainability challenge, committing to strengthen its ability to address both "physical" threats from events or climate patterns and "transitional" challenges associated with the move to a lower-carbon economy. The organization, aware of acute risks like increased extreme weather events in the Asia Pacific region, particularly typhoons and floods, has established emergency response capabilities and integrates climate risk considerations into new developments. With over one-third of its portfolio in vulnerable areas, the company focuses on enhanced safety features. Moreover, responding to a guest trend for environmental transparency, the company prioritizes eco-friendly offerings, proactively addressing future risks through sustainable building designs and improved eco-efficiency measures.
In conclusion, Shangri-La Asia is steadfast in its commitment to environmental responsibility, actively working to reduce its greenhouse gas emissions and overall environmental impact. Through the implementation of various measures, targeted intensity reductions, and ongoing investments in emission reduction initiatives, the company is positioned to contribute to a more sustainable future. Shangri-La's proactive approach, integrating emergency response capabilities and prioritizing eco-friendly practices, reflects its dedication to mitigating climate change and ensuring the resilience of its operations.
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