Saturday, February 24, 2024
Centara Hotels & Resorts, a premier hotel management entity in Thailand, is thrilled to disclose its attainment of four significant sustainability milestones, illustrating its dedication to upholding principles of environmental, social, and governance (ESG) integrity. The year 2023 saw Centara Hotels & Resorts receiving an ‘A’ grade in the MSCI ESG Ratings, marking its sixth continuous acknowledgment in the SET ESG Ratings list (previously known as THSI), including its inaugural ‘A’ rating. Additionally, the company was honored with the Sustainability Disclosure Recognition by the Thaipat Institute for the fourth year in a row and is set to be featured in the S&P Global Sustainability Yearbook 2024.
Belonging to the TRT Hotels, Resorts & Cruise Lines Industry, the Central Plaza Hotel Public Company Limited [CENTEL], the parent company of Centara, has been distinguished as an ‘Industry Mover’ in the S&P Global Sustainability Yearbook 2024 for its outstanding sustainability endeavors. This accolade highlights firms that have realized a minimum of a five percent enhancement in their S&P Global 2023 Corporate Sustainability Assessment (CSA Score), showcasing the most substantial progress within their sector. CENTEL recorded a CSA Score of 60/100, evidencing a twelve-point increment from its previous score and positioning the firm among the top 15% within its industry. This achievement stems from the S&P Global 2023 CSA, which evaluated 62 industries, 9,400 companies, and scrutinized 174,000 documents along with 16.5 million data points.
Central Plaza Hotel Public Company Limited [CENTEL], the umbrella company of Centara, has been awarded an impressive ‘A’ rating in the MSCI ESG Ratings, confirming its solid ESG commitments. MSCI ESG Research, recognized globally, conducts comprehensive research, ratings, and analyses on the ESG practices of thousands of firms worldwide, grading companies from AAA to CCC based on their management of industry-specific risks and competencies relative to their counterparts. This rating bolsters Centara’s standing as a sustainability pioneer in the hospitality sector, driving positive outcomes for communities and guests globally.
For its part, Centara has been consistently recognized on the Thailand Sustainability Investment (THSI) list, now the SET ESG Ratings, with 2023 being the debut year it secured an ‘A’ ranking. These prominent ratings, bestowed by The Stock Exchange of Thailand (SET), underscore the continued efforts of corporations to weave sustainability into their business models, thus generating lasting value for stakeholders and aiding in environmental and social prosperity. Centara is among the 193 firms, from a pool of 262 contenders, to be granted this distinction.
Moreover, Centara Hotels & Resorts has earned the Sustainability Disclosure Recognition from the Thaipat Institute for the fourth successive year, ranking among the 54 celebrated recipients. This award underscores the significance of transparency and the disclosure of operational data concerning ESG matters, aligning with sustainable development goals (SDGs) and ensuring stakeholders are thoroughly briefed on sustainability endeavors.
Thirayuth Chirathivat, CEO of Centara Hotels & Resorts, stated, “These esteemed accolades are a testament to our commitment and passion for sustainability. We believe that responsible business practices not only contribute to our success but to a better future for all. We will continue to prioritise environmental sustainability and responsibility in our operations, striving for excellence and innovation in every aspect of our business.”
Saturday, April 27, 2024
Saturday, April 27, 2024
Saturday, April 27, 2024
Saturday, April 27, 2024
Saturday, April 27, 2024
