Centara Hotels & Resorts (SET: CENTEL), Thailand’s leading hotel operator, has been awarded Thailand Sustainability Investment (THSI) status for the fourth consecutive year by the Stock Exchange of Thailand (SET) in recognition of its outstanding performance across Environmental, Social and Governance (ESG) aspects.
The annual THSI designation aims to recognise companies for their efforts towards sustainability while meeting investors’ increasing demands for relevant insight and information for use in responsible investment decision-making.
According to SET President Pakorn Peetathawatchai, this year’s THSI-listed companies that successfully overcome challenges brought by the pandemic were able to do so because of their strong fundamentals and sustainability strategies applied to their enterprise-wide management.
“At Centara, we have a deep sense of responsibility and commitment to sustainability for the sake of our future generations. Strong sustainability principles not only preserve and protect the environment that supports us, but we also believe they drive innovation and improve our competitiveness, all the while creating long-term benefits for our stakeholders, guests, and for the communities where we operate,” said Thirayuth Chirathivat, Chief Executive Officer of Centara Hotels and Resorts.
Centara Hotels & Resorts has demonstrated a long-held commitment to adopting company-wide sustainable practices, operational innovations and supply chain management efficiencies. On the path to reaching its financial goals and following good governance business practices, Centara continues to look for ways to create a positive social impact and reduce its environmental footprint while fostering innovation to sustain its industry competitiveness.
Earlier this year, Centara EarthCare achieved “GSTC-Recognized Standard status” from the Global Sustainable Tourism Council, making Centara Hotels & Resorts the first Asian hospitality group to formally incorporate the GSTC Criteria in its internal sustainability standard.
As part of the group’s goals for a greener future is a roadmap to reduce energy and water usage by 20 percent within 10 years, as well as a significant reduction of waste and greenhouse gas emissions.
By 2025, Centara aims to have 100% of its properties certified as sustainable by accredited certification bodies as a key element of the organisation’s long-term sustainability objectives.
Thailand Sustainability Investment (THSI) was first created in 2015 to recognise companies that adopt ESG principles into responsible and sustainable business management to create a positive impact on the Kingdom. Centara earned THSI designation for the first time in 2018. This year, the SET selected Centara as one of 124 listed companies that incorporate a high level of ESG practices to support sustainability. This effort is in line with the SET’s vision “To Make the Capital Market Work for Everyone”, supporting a vision of capitalism that benefits all stakeholders.