- Higher hotel room occupancy led to an increase in the demand for energy, resulting in an increase in air and greenhouse gases emission.
- The global economy remains uncertain due to ongoing conflicts in Ukraine and the Middle East, along with trade tensions between the US and China.
- Larger provision of expected credit losses on investments in debt securities, which is largely attributable to the wound-up orders by the HK court on a couple of our investment portfolio’s note issuers.
Asia Standard Hotel Group Limited
Greenhouse gas emissions & sustainability report data
In its 2024 reporting, Asia Standard Hotel Group Limited disclosed greenhouse gas emissions of 10.5K tonnes/year. By scope: Scope 1: 28 tonnes/year; Scope 2: 10.4K tonnes/year; Scope 3: 70 tonnes/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
10.5K tonnes/year
2024
Water Usage
119.0K m3/year
2024
Waste
328 tonnes/year
2024
Energy Use
16.3M kWh/year
2024
📊 Emissions by Scope (2024)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 28 tonnes/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 10.4K tonnes/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 70 tonnes/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2024 | 10.5K tonnes/year |
| 2023 | 10.2K tonnes/year |
| 2022 | 9.4K tonnes |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Incorporated various environmental initiatives in its hotel operation through working with our employees, guests and contractors to reuse and recycle waste whenever economically practicable.
- Daily monitoring of energy and fuel consumption to identify areas for energy conservation is in place.
- Phased replacements of fan coil units, air handling units, laundry and kitchen equipment, electrical appliances and lighting have been enhanced to more energy-efficient models.
🌱 ESG Focus Areas
Reduce Greenhouse gas emissionWaste managementEmploymentHealth and SafetyDevelopment and trainingSupply chain managementTenant and customer satisfactionAnti-Corruption and anti-money launderingCommunity investment