We are dedicated to maintaining strong ESG standards and upholding our ESG mission “Integrate responsible practices in all facets of our operations and helping to create a more sustainable and inclusive world”. We aim to create awareness among our guests, tenants, communities, employees and investors through environmentally responsible and ethical practices. Our management is committed to inculcating ESG initiatives into our business goals, regularly tracking our progress and determining areas for improvement. We are actively working on a roadmap to achieve the following:
- Achieve energy consumption from green energy sources to more than 50% by FY26 and achieve 75% by FY28
- 100% water recycling systems in all our hotels by FY28
- Increase gender diversity in our workforce and ensure at least 30% women constitute our total workforce by FY30
- Achieve a net-zero greenhouse gas (GHG) emissions by FY34
Some of our key ESG initiatives to date include:
Environment: We have pioneered developments with an environmentally conscious approach and have implemented several green energy initiatives over the years. For example, JW Marriott, Pune has received certification from Indian Green Building Council (IGBC) for achieving Green Building Standards under the Leadership in Energy and Environment Design (LEED) India Green Building Rating System and installed EV charging stations. We own four captive windmills at Satara, Maharashtra, which generated 14.8 MW of electricity in FY24. Over 50% of the energy consumption in JW Marriott, Pune, Courtyard by Marriott, Pune, Marriott Suites, Pune and and The Ritz-Carlton, Pune for FY24 was obtained through green energy sources.
We recently installed multiple solar panels at all of our hospitality assets in the Maldives, being Anantara, Maldives, Conrad, Maldives and Raaya by Atmosphere, Maldives. A rooftop solar PV power project for generating 60kW of power has been commissioned at Courtyard by Marriott, Pune.
We plan to implement additional measures across our hotels to promote efficient energy consumption, including LED bulb replacement, chiller replacement, cooling tower efficiency management and building management system upgrades.
We have installed water saving aerators on several taps and showers across our hospitality assets in India. We recycle wastewater through sewage treatment plants, which is reused in cooling towers, as well as for toilet flushing and landscape irrigation. We have implemented electronic waste collection and segregation measures and supply reusable glass water bottles in our guestrooms and F&B outlets with the aim of reducing the usage of single use plastic. Our resorts in Maldives also adhere to strict plastic free environment guidelines. Our guests have the opportunity to participate in environmental conservation initiatives such as reef cleaning and coral planting in Maldives.
Social: We promote skill development and have taken up initiatives such as offering internships at our properties for local Maldivian hospitality students. We are also in the process of implementing Skill India Initiative for Sustainable employment and Recruiting People with Disability. We have partnered with and donated to non-governmental organizations such as Sparsh and Rising Stars Outreach in India to support underprivileged children.
Governance: We are led by a professional management team which is supervised by an experienced Board of Directors, half of whom are independent directors. Given the history of global institutional shareholding in our company, we strive to achieve a high degree of management accountability in our operations. We continue to maintain standards of corporate governance, accountability and transparency, which are integral to the sustainability of our business and safeguarding as well as maximising long-term stakeholder value. We seek to deliver long-term value by upholding a high standard of corporate governance and ethical behaviour, nurturing a culture of sustainability and adopting responsible business practices.