Greenhouse Gases and Climate Change

Targets

• Reduce greenhouse gas emissions by 1% compared to the baseline year (2024)
• Increase renewable energy proportion across self-managed hotels

Performance

Business Opportunities and Risks

Sustainable business operations create opportunities to advance toward sustainable tourism, attracting environmentally conscious tourists and partners. They also increase access to funding sources that support ESG initiatives, particularly those aligned with the BCG Model and a low-carbon economy.

Conversely, the Company faces risks from the impacts of climate change, such as natural disasters, coastal erosion, and carbon taxes. These risks could affect revenue, brand reputation, and operational costs if effective adaptation measures are not implemented.

Climate Risk Management

We proactively manage climate-related risks by classifying potential threats and establishing rigorous risk triggers. Using model-based impact assessments, we strategically prioritise our investments and insurance coverage. This data-driven approach ensures organizational readiness for high-impact scenarios through continuous monitoring and transparent reporting

Climate Change Adaptation Initiatives

The Company emphasizes climate resilience as part of its sustainability strategy, integrating adaptation into hotel management and operational planning. Climate adaptation is considered alongside mitigation efforts to ensure long-term environmental and business sustainability. Through these initiatives, the Company has implemented targeted actions, including:

• Upgrading energy-saving and water management systems to improve operational efficiency and reduce vulnerability to climate-related disruptions.
• Enhancing water storage capacity to ensure a reliable supply during periods of water scarcity and drought.
• Protecting coastal and natural areas to mitigate risks from erosion, flooding, and extreme weather events.
• Conducting employee training and awareness programs on climate risks to equip staff with the knowledge and skills needed to implement adaptation measures effectively.
• Conducting biodiversity surveys to monitor and preserve local ecosystems, strengthening ecological resilience against climate impacts.

Decarbonization Strategy

Reforestation Project

The Company has joined the " Millions Trees for Tomorrow" reforestation project sponsored by Singha Estate Public Company Limited, aiming to create 1 million square meters of forest area at Singha Park in Chiang Rai province. This area is a crucial watershed forest in the northern provinces, significant for the ecosystem and climate, as it hosts a diversity of plant and wildlife species.