Raising the Bar
Shangri-La advances ranking on environmental, social and governance performance.
In recognition of its efforts in environmental, social and governance (ESG), Shangri-La rose higher on the RepuTex Honour Board in 2012, and has been assigned an “AA” rating. Now ranked 11th on the list of more than 600 companies in Hong Kong, the hotel group remains the only hotel brand represented.
RepuTex is Asia Pacific’s foremost sustainability analytics firm and serves as the research partner for Hang Seng Indexes Company for the operation of the Hang Seng Corporate Sustainability Index Series. In its 2012 Annual Review document entitled Asia On The Move, RepuTex analysed 636 companies representing 95 per cent of the market capitalisation of the Hong Kong and mainland China markets. The report recognises Shangri-La’s improvement in 2012 as it joins eight other companies at the AA level of ESG ranking.
In May 2011, Shangri-La published its first sustainability report, Enhance, Enrich, Embrace, documenting the company’s journey in environmental protection and conservation, greening supply chain practices, employee health and safety and stakeholder engagement. It highlights social development through Embrace, Shangri-La’s Care for People Project, which to date has changed the lives of more than 15,000 children worldwide.
Shangri-La also launched “Sustainability: Shangri-La’s CSR Module,” to promote understanding and awareness, and inspire over 40,000 colleagues in the group to become engaged in long-term CSR activities.
Click here to find out more about Shangri-La’s CSR initiatives.