The Board of Directors (the "Board") is pleased to issue CDL Hospitality Trusts' ("CDLHT") Sustainability Report ("Report") for the financial year ended 31 December 2021 ("FY 2021"). This Report outlines CDLHT's vision, strategy, efforts, and performance in achieving its sustainability ambitions. CDLHT is cognizant of maintaining a holistic balance between accomplishing organisational objectives, whilst ensuring positive and responsible contributions to our environment and society through the incorporation of sustainability considerations within our business strategies. The Board is committed towards instilling sustainability into CDLHT's core values, and oversees sustainability strategy, performance monitoring, practices, initiatives, and targets established, whilst ensuring compliance with the SGX guidelines. Therefore, we manage our sustainability agenda through the monitoring and implementation of relevant key material Environmental, Social and Governance ("ESG") factors across our operations.
With the pandemic lingering on, business disruptions have continued and remain challenging for the hospitality industry. Nevertheless, CDLHT remains committed to monitoring and managing its impacts to the environment and society by seizing opportunities for development and improvement, whilst managing overall business recovery. As part of our efforts to achieve a progressive approach to our sustainability reporting practices, we have widened our scope through the inclusion of three properties, Claymore Connect, Ibis Perth and Mercure Perth.
Towards the latter half of FY 2021, we saw a global shift in the easing of pandemic-related restrictions and as a result, our hotels experienced surges in occupancy and business levels that, for some regions, were closer to normal years compared to the current and previous year. Despite the increased activity at our hotels, we remain energy efficient through the implementation of curbing initiatives. CDLHT spearheads its environmental stewardship through effective management of natural resources consumption. As we aim to continuously advance our sustainability journey, we have taken progressive steps in our data gathering and reporting; this year we have included waste to the reporting scope of CDLHT and have been monitoring, tracking, and managing our waste generation across our hotel operations in FY 2021. We now also segregate our electricity and fuel data to measure our environmental footprint more accurately, which ultimately informs our energy conservation strategies. We look forward to further developing our resource conservation initiatives to reduce our environmental impacts.
CDLHT continues to remain compliant with all country-specific regulations and standards, whilst maintaining strong corporate governance, integrity, and responsible business conduct across all areas of the organisation. As people form the cornerstone of our business, we strive to create a safe environment for all stakeholders. This entails ensuring the wellbeing, health, and safety of both employees and hotel guests. Moreover, as we believe in creating a positive impact to society through community engagement, CDLHT properties continue to partner with local charitable and social organisations to promote responsible citizenship.
Moving ahead, we will continue our efforts to find more effective ways to improve our environmental, economic, and social footprint, towards creating a sustainable future.
Click here for full details of Sustainability Report.