BANYAN GROUP PUBLISHES 2024 SUSTAINABILITY REPORT
Banyan Group, a leader in sustainable hospitality, unveils its 2024 Sustainability Report—One Banyan, One Sustainable Future. The 19th edition reports on the Group’s advancements in driving action and impact across key environmental, social, and economic dimensions, reaffirming sustainability as a core foundation of its business. Guided by its founding mission of ‘Embracing the Environment, Empowering People’ and the belief that travel can be a force for good, the Group’s key progress in 2024 include:
Accelerating decarbonisation and energy transition
In line with its ongoing commitment to addressing the business’ environmental impact, Banyan Group continued to invest in energy-efficient infrastructure and on-site renewable energy. Upgrades in lighting systems, air conditioning and room control units, as well as the installation of solar panels and timer controls across properties, resulted in a 5.7% reduction in emissions intensity per occupied room over 2023.
Increasing waste management initiatives
In line with its ongoing commitment to addressing the business’ environmental impact, Banyan Group continued to invest in energy-efficient infrastructure and on-site renewable energy. Upgrades in lighting systems, air conditioning and room control units, as well as the installation of solar panels and timer controls across properties, resulted in a 5.7% reduction in emissions intensity per occupied room over 2023.
Upholding responsible water stewardship
As a result of the Group’s approach to water conservation—focused on infrastructure repairs, proactive leak detection, enhanced storage capacity, and water reuse—water efficiency per occupied room improved by 5.1% compared to 2023.
Championing marine conservation
Restorations and research projects play an important role in the way Banyan Group seeks to reduce the environmental impact of its operations—the expansion of Our Marine Lab in the Maldives alongside the launch of the Coral Reef Restoration Project in partnership with the China Environmental Protection Foundation (CEPF) in 2024 reinforced its commitment to such conservation efforts.
Deepening support for local communities
The Group maintained its commitment to uplifting local communities and fostering long-term resilience through education, engagement, and employment opportunities—its signature Seedlings programme nurtured 93 young individuals through training and mentorship, and provided 2,515 internship opportunities. In a continued effort to support heritage traditions and promote rural production to strengthen local economies, the Group expanded its artisan network—commissioning products that supported 306 artisan communities, including 66 newly engaged groups.
Driving change with Greater Good Grants
To commemorate Banyan Group’s 30th anniversary in 2024, the Banyan Global Foundation funded 30 associate-initiated projects addressing the key material topics identified by the Group. The projects were selected based on criteria including the long-term social, environmental, welfare, and/or financial benefits to the communities where the Group’s hotels and resorts operate. For more information on the projects, visit: Greater Good Grants.
Banyan Group, a leader in sustainable hospitality, unveils its 2024 Sustainability Report—One Banyan, One Sustainable Future. The 19th edition reports on the Group’s advancements in driving action and impact across key environmental, social, and economic dimensions, reaffirming sustainability as a core foundation of its business. Guided by its founding mission of ‘Embracing the Environment, Empowering People’ and the belief that travel can be a force for good, the Group’s key progress in 2024 include:
The Group’s sustainability and impact function is led by Dr Mark Watson, SAVP, Group Director, Sustainability & Impact. Dr Mark Watson leverages over 25 years of expertise in the environmental, social, and governance (ESG) fields. He is responsible for the development and steering of the Group’s core sustainability strategy and initiatives, financial governance, formal reporting, as well as communication and partnerships efforts. Please find Dr Mark Watson’s bio here.