Towards a Greener Future

As a global corporate citizen, Guoco Group is committed to reducing the environmental impact of our operations and we inculcate the philosophy and culture of caring for the environment across the Group. This serves as the building block of all environmental initiatives, policies and practices of our business groups that aim to reduce GHG emissions, waste and consumption of water and other resources. We strive to enhance the efficiency of our operations and ensure compliance with all relevant environmental laws and regulations, as well as adopting internationally recognized standards and best practices to constantly improve our environmental performance.

Tackling Climate Change

Our subsidiary groups are committed to develop mitigation, adaptation, and resilience strategies to address both present and future potential challenges from climate change, advancing their way towards Net Zero.

In FY2022, GuocoLand has completed an extensive exercise as part of its decarbonisation journey and developed a high-level decarbonisation plan to serve as a guide in its efforts to reduce its carbon footprint. Rank has developed a reporting framework that considers the four TCFD pillars. It is also mapping out its environmental commitments while assessing where carbon reduction measures can be implemented and how the venues can operate more efficiently. Clermont Hotel Group is conducting in-depth energy surveys across selective hotels to identify initiatives to further support decarbonization, and it is also committed to reduce energy and water usage, monitoring the impact of economic activities on the environment and maintain sound environmental management standards.

Energy and Emissions Management

Our business groups have implemented environmental policies that provide guidelines on energy management and implement technology upgrades as well as appropriate efficiency measures where possible to reduce energy wastage. Energy audits are proactively conducted to monitor energy flows to identify better solutions to optimize energy consumption. We also engage our stakeholders to increase their awareness of energy conservation and responsible consumption.

Water and Effluents Management

The Group’s main source of water is from municipal sources. We actively implement water conservation measures and increase water efficiency of our operations where possible. Stakeholders are also regularly engaged to encourage the adoption of water conservation measures.

Waste Management

We are committed across the Group in managing our waste effectively through continuous recycling efforts and reusing resources. All business groups engage licensed waste collectors to ensure proper waste disposal and mitigate plastic leakage into the environment. Hazardous wastes are disposed through registered disposal companies for safe disposal. Waste segregation bins are also stationed at our operating sites to facilitate waste recycling in our premises.

Sustainability Goal Setting & Performance

With a common goal in mitigating environmental risks while building climate resilience, our business groups have proactively set their own short-term and long-term targets to drive collective efforts towards energy saving and decarbonization, reducing water consumption and minimizing wastes.  Please refer to our latest ESG Report on our set targets and sustainability performance.