Banyan Group has released our 2024 Sustainability Report – One Banyan, One Sustainable Future. The 19th edition highlights the group’s progress in driving impact across environmental, social, and economic areas, reaffirming sustainability as a core business value.
Guided by its mission of Embracing the Environment, Empowering People, the report outlines several key achievements. The group continued our commitment to decarbonisation and energy transition by investing in energy-efficient infrastructure and on-site renewable energy. These upgrades, including lighting system improvements, air conditioning and room control units, as well as the installation of solar panels and timer controls across properties, led to a 5.7 per cent reduction in emissions intensity per occupied room over 2023.
In waste management, the group increased efforts to reduce, recycle, and repurpose, diverting 28 per cent of its total waste from landfill, a five-point increase from the previous year. Through proactive measures such as infrastructure repairs, leak detection, and water reuse, the group also improved water efficiency per occupied room by 5.1 per cent compared to 2023.
Banyan Group also expanded our marine conservation initiatives, notably with the growth of Our Marine Lab in the Maldives and the launch of the Coral Reef Restoration Project in partnership with the China Environmental Protection Foundation.
The group’s support for local communities remained strong, with the Seedlings programme nurturing 93 young people through training and mentorship, while 2,515 internship opportunities were provided. In addition, the group expanded our artisan network, commissioning products from 306 artisan communities, including 66 newly engaged groups, helping to support local economies and preserve heritage traditions.
Finally, in celebration of its 30th anniversary, the Banyan Global Foundation funded 30 associate-initiated projects as part of the Greater Good Grants. These projects, selected based on their long-term social, environmental, welfare, and financial benefits, address key material topics and aim to deliver lasting positive change in the communities where the group’s hotels and resorts operate.
“Sustainability is a cornerstone of Banyan Group’s purpose, and our journey will continue to evolve as we look to scale increasingly impactful practices in the upcoming years – with more ambitious climate action, deeper community engagement, and greater support for our associates to take action,” said Ho Ren Yung, deputy CEO, Banyan Group.
“To achieve this, we have introduced key performance metrics aligned with our identified material issues for all senior level associates in front-line and corporate roles, empowering them to champion our ambitions. As we track our progress in 2025, we will further refine our associates’ roles to more meaningfully support the integration of responsible practices across our operations.”
