GlobalData offers a comprehensive analysis of SJM Holdings, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on SJM Holdings’s ESG performance. GlobalData’s company profile on SJM Holdings offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
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SJM Holdings, a company in the hospitality industry, is committed to reducing its greenhouse gas (GHG) emissions. In FY2022, the company's total emissions across categories amounted to 180,674.87 tonnes of CO2e, with scope 1 emissions at 18,209.67 tonnes and scope 2 emissions at 162,465.20 tonnes. The emissions intensity for scope 1 and scope 2 in FY2022 was 0.02 and 0.20 units per square meter, respectively. Scope 1 comprised emissions from fossil fuel consumption for stationary and mobile combustion, as well as refrigerant use in hotels and casinos. Scope 2 included emissions from electricity consumption.
The company has targets for various environmental metrics with a baseline year of 2022. These targets include reducing 2% of greenhouse gas (GHG) emissions (Scope 1 and Scope 2) per MOP million revenue by 2023, reducing 2% of electricity consumption per guest visit per year by 2023, reducing 0.5% of office paper consumed per staff per year by 2023, reducing 2% of water consumption per guest visit by 2023, reducing 0.5% hot water usage per guest visit by 2023, reducing 0.5% of natural gas consumption per guest visit per year by 2023, and reducing 2% of chemical consumption by cost per cover by 2023.
SJM Holdings has implemented measures to cut emissions, resulting in a notable 29.3% decrease in total greenhouse gas emissions compared to the previous year, with the most significant drop observed in Scope 2 emissions at 31.5%. The company's investment in a recycling program led to a notable 21.62% increase in the total amount of recycled waste. Additionally, the expanded recycling program witnessed a remarkable 1,000% increase in battery recycling during the reporting year. SJM Holdings has also collaborated with Bonaqua to launch water bottles made from 100% recycled plastic. The company has implemented waste reduction and recycling initiatives in various areas, such as offices, kitchens, and hotels. Additionally, SJM Holdings has participated in environmental forums, exhibitions, workshops, and seminars to contribute to the development of a green Greater Bay Area.
In summary, SJM Holdings is committed to reducing GHG emissions and has taken substantial steps toward achieving these goals. Through investments in recycling programs, waste reduction initiatives, and active participation in environmental events, the company has achieved a notable decrease in total GHG emissions and a considerable increase in recycled waste, reinforcing its commitment to sustainability.
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