Banyan Group, a pioneer in sustainable hospitality, has published its 18th Annual Sustainability Report.
Launching the report, the group said: “Guided by a steadfast commitment to environmental stewardship, community upliftment, and responsible tourism, Banyan Group’s continued dedication to designing with nature, fostering destination stewardship, and uplifting local hosts – remains true to its commitment to sustainable practices, rooted in its core values of ‘Embracing the Environment, Empowering People’.”
Key highlights from Banyan Group’s 2023 sustainability report:
- Reduced Climate Change Emissions Intensity: By implementing various measures to reduce climate change emissions, including installing batch washers, and implementing solar panel projects, the Group reduced its emissions intensity per occupied room by 22%.
- Waste Diversion: Through rigorous waste monitoring and recycling efforts, Banyan Group diverted 23% of total waste produced in full year 2023 to landfill with recycling or repurposing initiatives, underscored the Group’s dedication to responsible waste management.
- Gender Pay Equity: Banyan Group remains committed to achieving equity, focusing first on addressing the gender pay gap. Ongoing efforts ensure fair compensation and equal opportunities for all associates, resulting in a 3.2% total adjusted gender pay gap.
- Associate Wellbeing: In 2023, the Associate Wellbeing Index recorded a 5% increase across the organisation, as a direct result of Banyan Group’s efforts to ensure that the work environment is nurturing, inclusive and supportive. The Group regularly assesses associate wellbeing and rolled out more than 350 wellbeing programmes in 2023 to improve associates’ physical and mental health.
- Community Empowerment: Through initiatives like the Seedlings programme, Banyan Group remains steadfast in its mission to empower communities through education, engagement, and employment opportunities. In 2023 alone, 119 young individuals were supported, and 1,313 internships were provided through the Seedlings programme. The company’s commitment extends to supporting artisan communities, with 240 such communities receiving support in 2023, a 30% increase from the previous year.
“From the onset, Banyan Group’s sustainability journey has been a collective effort,” said Claire Chiang, Co-Founder of Banyan Group. “Together, we have been working tirelessly to cultivate a better future for our industry and the communities we serve. We’re proud of our progress and going into 2024 as we celebrate our Group’s 30th anniversary, our commitment to caring for our planet and our people—employees and host communities alike—remains steadfast.”
