CDL Hospitality Trusts - Annual Report 2014 - page 86

84
CDL
HOSPITALITY TRUSTS
SUSTAINABILITY REPORTING
CDLHT and Sustainability
CDLHT recognises that, in addition to the financial performance of its investment portfolio, continued efforts in
sustainability would support its reputation in the hospitality industry and enhance further its relations with various
stakeholders. As such, CDLHT will continue to monitor its sustainability efforts to achieve an optimum balance and
enhance Security Holders' interests. To add value to stakeholders, including the environment in which its hotels operate
and the parties which CDLHT work with, CDLHT espouses a balanced approach to sustainability with its objectives,
available resources and operating framework in mind.
Sustainability at CDLHT's Hotels
CDLHT leases its hotel properties to lessees, which operate the respective hotels or maintain management agreements
with hotel operators. It works with professional hotel operators and lessees and accordingly adopts a co-operative
rather than prescriptive approach to sustainability in its hotels as it depends largely on the external hotel operators and
lessees to drive hotel revenue and at the same time steer hotel operations in a sustainable manner.
CDLHT is aware and appreciative of the efforts made by its hotel operators in the realm of sustainability. Its hotels
proactively take steps to reduce water and energy consumption, minimise waste and carbon emissions and to adopt
internationally-recognised best practices in environmental management. In particular, quite a number of its hotels have
enhanced chiller energy efficiency and/or installed LED lighting in areas of the hotels in recent years.
On its part, CDLHT supports such ongoing sustainability efforts through its management of capital expenditure,
particularly where there are cost-savings benefits, such as through the reduction of energy consumption.
Awards and Achievements
As a result of the efforts of its environmentally-conscious lessees and hotel operators, H-REIT's hotel properties have
been awarded several noteworthy sustainability accolades in the recent years, including the following:
Environmental:
ASEAN Green Hotel Award
Grand Copthorne Waterfront Hotel (2012-2013)
M Hotel (2011-2014)
ASEAN Energy Award
Copthorne King's Hotel (2013, Winner for Retrofitted category)
Green Globe
1
, now known as EarthCheck
Novotel Brisbane (2011-2012, Silver)
Novotel Singapore Clarke Quay (2011, Standard), (2012-2013,
Silver)
Rendezvous Grand Hotel Auckland (2012-2013, Bronze)
ISO 9001
2
Ibis Perth (2013)
ISO 14001 certification
3
Ibis Perth (2013)
Novotel Brisbane (2013-2014) Mercure/lbis Brisbane (2012-2014)
Novotel Singapore Clarke Quay (2014)
1
The Green Globe Certification Standard is a structured assessment of the sustainability performance of travel and tourism businesses. It comprises
337 compliance indicators applied to 41 individual sustainability criteria and is based on a number of international standards and agreements.
A third-party independent auditor is appointed to work with clients on-site. The international standard ISO 19011 provides guidance on the
management of audit programs, the conduct of internal and external management systems as well as the competence and evaluation of auditors.
2
ISO 9001 certification functions as an assessment and indicator of a quality management system within an organisation across all industry sectors.
An ISO 9001 certified organisation would have implemented quality management system requirements for all areas of the business including
facilities, people, training, services and equipment.
3
ISO 14001 sets out the criteria for an environmental management system. It does not state requirements for environmental performance, but
maps out a framework that a company or organization can follow to set up an effective environmental management system. It can be used by any
organization that wants to improve resource efficiency, reduce waste and drive down costs. Using ISO14001 can provide assurance to company
management and employees as well as external stakeholders that environmental impact is being measured and improved.ISO 14001 can also be
integrated with other management functions and assists companies in meeting their environmental and economic goals.
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