Singapore-headquartered Banyan Group, a leader in sustainable hospitality, has released its 2024 Sustainability Report, titled “One Banyan, One Sustainable Future.” The report outlines the group’s progress in environmental, social, and economic dimensions, showcasing a 57% reduction in emissions intensity per occupied room and a 28% diversion of waste from landfill. These achievements are part of Banyan Group’s commitment to sustainability, which remains a core foundation of its business.
The report highlights several key initiatives, including investments in energy-efficient infrastructure and renewable energy, which have significantly reduced emissions. Waste management efforts have also been enhanced, with increased recycling and repurposing activities. Additionally, the group’s water conservation strategies have improved water efficiency by 51% per occupied room.
Marine conservation remains a priority, with the expansion of Our Marine Lab in the Maldives and the launch of the Coral Reef Restoration Project in partnership with the China Environmental Protection Foundation. Banyan Group’s commitment to local communities is evident through its Seedlings programme, which supported 93 young individuals and provided over 2,500 internship opportunities.
To mark its 30th anniversary, the Banyan Global Foundation funded 30 projects through the Greater Good Grants, focusing on long-term social, environmental, and financial benefits. Ho Ren Yung, Deputy CEO of Banyan Group, emphasised the group’s ongoing journey towards more impactful practices, stating, “Sustainability is a cornerstone of Banyan Group’s purpose, and our journey will continue to evolve.”
As Banyan Group looks to the future, it aims to scale its sustainability efforts further, with ambitious climate action and deeper community engagement planned for the coming years.
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