SOURCE: CorporateRegister.com LtdDESCRIPTION:
April 8, 2014 /3BL Media/ - The Hongkong and Shanghai Hotels, Limited (‘HSH’) has published its 2013 Annual Report detailing the company’s environmental, social and financial performance for 2013. The report has been prepared according to the new G4 Sustainability Reporting Guidelines of the Global Reporting Initiative (‘GRI’). HSH is one of the first companies in the world to publish its report in accordance with GRI’s G4 Guidelines and be accredited by GRI in the Materiality Matters check.
The report’s sustainability section highlights HSH’s newly launched Sustainable Luxury Vision 2020, which puts sustainability at the heart of the company’s business model and brand. With seven areas of focus covering all divisions of the business, Vision 2020 sets out more than 50 economic, social and environmental goals that HSH is committed to achieve by 2020. Vision 2020 provides a blueprint on how HSH plans to achieve its ambition of taking luxury to the next level, which is sustainable luxury.
Mr Clement K.M. Kwok, Chief Executive Officer of HSH, said “To deliver on both luxury and sustainability is not without challenge, but we see a genuine opportunity to achieve this in a way that complements our heritage of quality, thoughtfulness and meticulous attention to detail. 2013 already saw some of our operations making great strides in crafting the path towards sustainable luxury.”
HSH’s 2013 performance highlights include:
- Increased underlying earnings of the company by 16% in 2013 while the EBITDA margin increased by one percentage point to 24%
- Developed and embarked on a bespoke two-year stakeholder engagement programme with Sustainable Luxury Vision 2020 as the main theme of engagement
- Continued progress in energy and water conservation as well as community engagement work
- Achieved LEED Gold Certification for the renovation of the de Ricou tower of The Repulse Bay Complex, which is the first residential property in Hong Kong to earn this international accolade in the Alterations & Additions category.
- 54% of the paper products used in its operations globally were from Forest Stewardship Council certified sources, a 20 percentage point increase from 2012.
- Increased employees’ awareness of responsible and sustainable operational practices through a fun and interactive video-making contest
HSH values your feedback and welcomes questions about its reporting and performance. Please email firstname.lastname@example.org
KEYWORDS: Reports, Business & Trade, The Hongkong and Shanghai Hotels, HSH Group, HSH, Leisure, Entertainment & Hotels, Hotels, Hospitality, Integrated Reporting, Sustainability Report, sustainability, csr, Corporate Responsibility, Reporting