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<article class="post-10294 page type-page status-publish ast-article-single" id="post-10294" itemtype="https://schema.org/CreativeWork" itemscope="itemscope"> <header class="entry-header ast-no-title ast-header-without-markup"> </header>  <div class="entry-content clear" itemprop="text"> <div data-elementor-type="wp-page" data-elementor-id="10294" class="elementor elementor-10294" data-elementor-post-type="page"> <div class="elementor-element elementor-element-1866d6b e-flex e-con-boxed e-con e-parent" data-id="1866d6b" data-element_type="container" data-settings="{"background_background":"classic"}"> <div class="e-con-inner"> <div class="elementor-element elementor-element-bb6b6d0 e-con-full e-flex e-con e-child" data-id="bb6b6d0" data-element_type="container"> <div class="elementor-element elementor-element-4cd013b elementor-invisible elementor-widget elementor-widget-heading" data-id="4cd013b" data-element_type="widget" data-settings="{"_animation":"fadeInUp","_animation_delay":160}" data-widget_type="heading.default"> <div class="elementor-widget-container"> <span class="elementor-heading-title elementor-size-default">Our Integrity And</span> </div> </div> <div class="elementor-element elementor-element-1cfe141 elementor-invisible elementor-widget elementor-widget-heading" data-id="1cfe141" data-element_type="widget" data-settings="{"_animation":"fadeInUp","_animation_delay":320}" data-widget_type="heading.default"> <div class="elementor-widget-container"> <h1 class="elementor-heading-title elementor-size-default">ACCOUNTABILITY</h1> </div> </div> <div class="elementor-element elementor-element-2293a95 elementor-invisible elementor-widget elementor-widget-text-editor" data-id="2293a95" data-element_type="widget" data-settings="{"_animation":"fadeInUp","_animation_delay":480}" data-widget_type="text-editor.default"> <div class="elementor-widget-container"> <style>/*! elementor - v3.21.0 - 08-05-2024 */ .elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}</style> <p>As pioneers of sustainable tourism, we serve as stewards of the environment and communities, and act in an ethical and accountable manner.</p> </div> </div> </div> </div> </div> <div class="elementor-element elementor-element-12fef7d e-flex e-con-boxed e-con e-parent" data-id="12fef7d" data-element_type="container" data-settings="{"background_background":"classic"}"> <div class="e-con-inner"> <div class="elementor-element elementor-element-98f98da e-con-full e-flex e-con e-child" data-id="98f98da" data-element_type="container"> <div class="elementor-element elementor-element-2e98894 e-con-full e-flex elementor-invisible e-con e-child" data-id="2e98894" data-element_type="container" data-settings="{"background_background":"classic","animation":"fadeInUp","animation_delay":160}"> <div class="elementor-element elementor-element-696b7db e-con-full e-flex e-con e-child" data-id="696b7db" data-element_type="container" data-settings="{"position":"absolute"}"> <div class="elementor-element elementor-element-bcdc34d elementor-widget elementor-widget-heading" data-id="bcdc34d" data-element_type="widget" data-widget_type="heading.default"> <div class="elementor-widget-container"> <h2 class="elementor-heading-title elementor-size-default">GOVERNANCE</h2> </div> </div> </div> </div> </div> <div class="elementor-element elementor-element-26f2530 e-con-full e-flex elementor-invisible e-con e-child" data-id="26f2530" data-element_type="container" data-settings="{"animation_delay":160,"animation":"fadeInUp"}"> <div class="elementor-element elementor-element-1520c2f elementor-widget elementor-widget-heading" data-id="1520c2f" data-element_type="widget" data-widget_type="heading.default"> <div class="elementor-widget-container"> <h5 class="elementor-heading-title elementor-size-default">STATEMENT FROM OUR BOARD OF DIRECTORS</h5> </div> </div> <div class="elementor-element elementor-element-1e1860a elementor-widget elementor-widget-text-editor" data-id="1e1860a" data-element_type="widget" data-widget_type="text-editor.default"> <div class="elementor-widget-container"> <p>Sustainability is a cornerstone of our core purpose, and the Board manages the roadmap towards creating long-term, sustainable value for all stakeholders. Since 2022, the Board has endorsed an updated materiality and sustainability framework for the Group, following stakeholder consultation, and approve the selection of ESG material factors.</p><p>The Board also has oversight, through the Audit and Risk Committee, of the Group’s sustainability approach and the integration of sustainability-related matters, including climate-related issues, in the formulation of Group strategy. It also oversaw, through the Remuneration Committee, the inclusion of sustainability KPIs into performance management mechanisms.</p><p>The Board acknowledges that ownership starts with itself, while senior management ensures the sustainability mission is both implemented and embraced by all within the Banyan Group family.</p> </div> </div> </div> <div class="elementor-element elementor-element-0c6814d e-con-full e-flex elementor-invisible e-con e-child" data-id="0c6814d" data-element_type="container" data-settings="{"animation_delay":160,"animation":"fadeInUp"}"> <div class="elementor-element elementor-element-9c4a032 elementor-widget elementor-widget-heading" data-id="9c4a032" data-element_type="widget" data-widget_type="heading.default"> <div class="elementor-widget-container"> <h5 class="elementor-heading-title elementor-size-default">BANYAN GLOBAL FOUNDATION</h5> </div> </div> <div class="elementor-element elementor-element-7f44afd elementor-widget elementor-widget-text-editor" data-id="7f44afd" data-element_type="widget" data-widget_type="text-editor.default"> <div class="elementor-widget-container"> <p>A shining example of Banyan Group’s stewardship of its environment and communities is the Banyan Global Foundation. Established in 2009, the foundation guides Banyan Group’s <span style="font-style: inherit; font-weight: inherit; text-align: var(--text-align); background-color: var(--ast-global-color-5);">pursuit of responsible business and </span><span style="font-style: inherit; font-weight: inherit; text-align: var(--text-align); background-color: var(--ast-global-color-5);">allocates donations to worthy projects.</span></p> </div> </div> </div> <div class="elementor-element elementor-element-689b338 e-con-full e-flex elementor-invisible e-con e-child" data-id="689b338" data-element_type="container" data-settings="{"animation_delay":160,"animation":"fadeInUp"}"> <div class="elementor-element elementor-element-3b7df39 elementor-widget elementor-widget-heading" data-id="3b7df39" data-element_type="widget" data-widget_type="heading.default"> <div class="elementor-widget-container"> <h5 class="elementor-heading-title elementor-size-default">GREEN IMPERATIVE FUND</h5> </div> </div> <div class="elementor-element elementor-element-02a468a elementor-widget elementor-widget-text-editor" data-id="02a468a" data-element_type="widget" data-widget_type="text-editor.default"> <div class="elementor-widget-container"> <p>We developed the Green Imperative Fund <span style="font-style: inherit; font-weight: inherit; text-align: var(--text-align); background-color: var(--ast-global-color-5);">(GIF) in 2001 to finance environmental </span><span style="font-style: inherit; font-weight: inherit; text-align: var(--text-align); background-color: var(--ast-global-color-5);">action and community-based projects.</span></p><p><span style="font-style: inherit; font-weight: inherit; text-align: var(--text-align); background-color: var(--ast-global-color-5);">Each resort is allocated a certain percentage </span><span style="font-style: inherit; font-weight: inherit; text-align: var(--text-align); background-color: var(--ast-global-color-5);">of their previous year’s GIF contribution. </span><span style="font-style: inherit; font-weight: inherit; text-align: var(--text-align); background-color: var(--ast-global-color-5);">The fund is allocated at the discretion of </span>the property’s sustainability champion and General Manager, following consultations with local stakeholders to identify impactful projects that create shared social and environmental value. The funds may also be used for research and development, with the results shared publicly.</p> </div> </div> </div> <div class="elementor-element elementor-element-9329d4a e-con-full e-flex elementor-invisible e-con e-child" data-id="9329d4a" data-element_type="container" data-settings="{"animation_delay":160,"animation":"fadeInUp"}"> <div class="elementor-element elementor-element-1424ecb elementor-widget elementor-widget-heading" data-id="1424ecb" data-element_type="widget" data-widget_type="heading.default"> <div class="elementor-widget-container"> <h5 class="elementor-heading-title elementor-size-default">PARTNERSHIP WITH CEPF</h5> </div> </div> <div class="elementor-element elementor-element-c358828 elementor-widget elementor-widget-text-editor" data-id="c358828" data-element_type="widget" data-widget_type="text-editor.default"> <div class="elementor-widget-container"> <p>In collaboration with the China <span style="font-style: inherit; font-weight: inherit; text-align: var(--text-align); background-color: var(--ast-global-color-5);">Environmental Protection Foundation </span><span style="font-style: inherit; font-weight: inherit; text-align: var(--text-align); background-color: var(--ast-global-color-5);">(CEPF), the Banyan Global Foundation </span><span style="font-style: inherit; font-weight: inherit; text-align: var(--text-align); background-color: var(--ast-global-color-5);">(BGF) established the Banyan Tree China </span><span style="font-style: inherit; font-weight: inherit; text-align: var(--text-align); background-color: var(--ast-global-color-5);">Enterprise Environment and Community </span><span style="font-style: inherit; font-weight: inherit; text-align: var(--text-align); background-color: var(--ast-global-color-5);">Fund in 2021, to support environmental </span><span style="font-style: inherit; font-weight: inherit; text-align: var(--text-align); background-color: var(--ast-global-color-5);">and community initiatives in China.</span></p> <p>CEPF identifies community and environmental <span style="font-style: inherit; font-weight: inherit; text-align: var(--text-align); background-color: var(--ast-global-color-5);">projects and provides quarterly updates.</span></p><p><span style="font-style: inherit; font-weight: inherit; text-align: var(--text-align); background-color: var(--ast-global-color-5);"><br></span></p> </div> </div> </div> <div class="elementor-element elementor-element-a1a99f4 e-con-full e-flex elementor-invisible e-con e-child" data-id="a1a99f4" data-element_type="container" data-settings="{"animation":"fadeInUp","animation_delay":160}"> <div class="elementor-element elementor-element-3a8e970 e-con-full e-flex e-con e-child" data-id="3a8e970" data-element_type="container"> <div class="elementor-element elementor-element-311a295 elementor-widget elementor-widget-image" data-id="311a295" data-element_type="widget" data-widget_type="image.default"> <div class="elementor-widget-container"> <img fetchpriority="high" decoding="async" width="1708" height="2560" src="https://annualreport.groupbanyan.com/2023/sustainability/wp-content/uploads/2024/05/KAI_6107-scaled.jpg" class="attachment-full size-full wp-image-10755" alt="" srcset="https://annualreport.groupbanyan.com/2023/sustainability/wp-content/uploads/2024/05/KAI_6107-scaled.jpg 1708w, https://annualreport.groupbanyan.com/2023/sustainability/wp-content/uploads/2024/05/KAI_6107-200x300.jpg 200w, https://annualreport.groupbanyan.com/2023/sustainability/wp-content/uploads/2024/05/KAI_6107-683x1024.jpg 683w, https://annualreport.groupbanyan.com/2023/sustainability/wp-content/uploads/2024/05/KAI_6107-768x1151.jpg 768w, https://annualreport.groupbanyan.com/2023/sustainability/wp-content/uploads/2024/05/KAI_6107-1025x1536.jpg 1025w, https://annualreport.groupbanyan.com/2023/sustainability/wp-content/uploads/2024/05/KAI_6107-1366x2048.jpg 1366w, https://annualreport.groupbanyan.com/2023/sustainability/wp-content/uploads/2024/05/KAI_6107-200x300@2x.jpg 400w, https://annualreport.groupbanyan.com/2023/sustainability/wp-content/uploads/2024/05/KAI_6107-768x1151@2x.jpg 1536w" sizes="(max-width: 1708px) 100vw, 1708px" /> </div> </div> </div> <div class="elementor-element elementor-element-15884c3 e-con-full e-flex e-con e-child" data-id="15884c3" data-element_type="container"> <div class="elementor-element elementor-element-c253c43 elementor-widget elementor-widget-heading" data-id="c253c43" data-element_type="widget" data-widget_type="heading.default"> <div class="elementor-widget-container"> <h5 class="elementor-heading-title elementor-size-default">REPORTING FRAMEWORKS</h5> </div> </div> <div class="elementor-element elementor-element-617a6c8 elementor-widget elementor-widget-text-editor" data-id="617a6c8" data-element_type="widget" data-widget_type="text-editor.default"> <div class="elementor-widget-container"> <p>We employ multiple frameworks to manage our material risks and to support transparent, standardised and comparable communication of our economic, environmental and social impacts.</p> <p>As a founding signatory of the United Nations Global Compact (UNGC) in Singapore, we apply the precautionary principle when managing impacts of our material risks, aligning our efforts and reporting with the UNGC’s Ten Principles for human rights, labour, environment and anti-corruption.</p> <p>The 2030 Agenda for Sustainable Development specifically calls on tourism operators to support the United Nations Sustainable Development Goals (SDGs), particularly SDG 8, decent work and economic growth, SDG 12, responsible consumption and production, and SDG 14, life below water.</p> <p>We align our reporting with the global SDG framework but apply it to the local context where we operate. Within each material topic, we set targets so that we can measure our progress.</p> <p>Since 2022, we have also aligned with the reporting recommendations of the Singapore Stock Exchange (SGX), which in turn aligns with the frameworks of the TCFD, SASB and WED.</p> </div> </div> </div> </div> <div class="elementor-element elementor-element-249b409 e-con-full e-flex elementor-invisible e-con e-child" data-id="249b409" data-element_type="container" data-settings="{"animation":"fadeInUp","animation_delay":160}"> <div class="elementor-element elementor-element-3f0d54f e-con-full e-flex e-con e-child" data-id="3f0d54f" data-element_type="container"> <div class="elementor-element elementor-element-0845a23 elementor-widget elementor-widget-heading" data-id="0845a23" data-element_type="widget" data-widget_type="heading.default"> <div class="elementor-widget-container"> <h5 class="elementor-heading-title elementor-size-default">ETHICAL COMPLIANCE AND ANTI-CORRUPTION</h5> </div> </div> <div class="elementor-element elementor-element-c19ee9a elementor-widget elementor-widget-text-editor" data-id="c19ee9a" data-element_type="widget" data-widget_type="text-editor.default"> <div class="elementor-widget-container"> <p style="font-size: 16px; font-style: normal; font-weight: 400;">We strive to be transparent and accountable in all our dealings and comply with all legal and ethical requirements. We have zero tolerance for corruption and expect the same of those with whom we do business. Because Banyan Group has a long track record of doing business right, this was not identified as a material topic. Nonetheless, we continue to emphasise its importance. We deliver training to our associates in:</p><p style="font-size: 16px; font-style: normal; font-weight: 400;">» CSR & Sustainability<br />» Cyber Security Awareness<br />» Code of Corporate Conduct<br />» Anti-Corruption</p><p style="font-size: 16px; font-style: normal; font-weight: 400;">As a publicly traded company, our Board of Directors and management teams are committed to the Code of Corporate Governance.</p> </div> </div> </div> <div class="elementor-element elementor-element-6f8929f e-con-full e-flex e-con e-child" data-id="6f8929f" data-element_type="container"> <div class="elementor-element elementor-element-2e796ec elementor-widget elementor-widget-image" data-id="2e796ec" data-element_type="widget" data-widget_type="image.default"> <div class="elementor-widget-container"> <img decoding="async" width="1920" height="2560" src="https://annualreport.groupbanyan.com/2023/sustainability/wp-content/uploads/2024/05/Banyan-Tree-Escape-Buahan-Lentera-Bumi-Conservatory-Team_-scaled.jpg" class="attachment-full size-full wp-image-11102" alt="" srcset="https://annualreport.groupbanyan.com/2023/sustainability/wp-content/uploads/2024/05/Banyan-Tree-Escape-Buahan-Lentera-Bumi-Conservatory-Team_-scaled.jpg 1920w, https://annualreport.groupbanyan.com/2023/sustainability/wp-content/uploads/2024/05/Banyan-Tree-Escape-Buahan-Lentera-Bumi-Conservatory-Team_-225x300.jpg 225w, https://annualreport.groupbanyan.com/2023/sustainability/wp-content/uploads/2024/05/Banyan-Tree-Escape-Buahan-Lentera-Bumi-Conservatory-Team_-768x1024.jpg 768w, https://annualreport.groupbanyan.com/2023/sustainability/wp-content/uploads/2024/05/Banyan-Tree-Escape-Buahan-Lentera-Bumi-Conservatory-Team_-1152x1536.jpg 1152w, https://annualreport.groupbanyan.com/2023/sustainability/wp-content/uploads/2024/05/Banyan-Tree-Escape-Buahan-Lentera-Bumi-Conservatory-Team_-1536x2048.jpg 1536w, https://annualreport.groupbanyan.com/2023/sustainability/wp-content/uploads/2024/05/Banyan-Tree-Escape-Buahan-Lentera-Bumi-Conservatory-Team_-225x300@2x.jpg 450w" sizes="(max-width: 1920px) 100vw, 1920px" /> </div> </div> </div> </div> <div class="elementor-element elementor-element-8d0c80e e-con-full e-flex elementor-invisible e-con e-child" data-id="8d0c80e" data-element_type="container" data-settings="{"animation":"fadeInUp","animation_delay":160}"> <div class="elementor-element elementor-element-52151e3 e-con-full e-flex e-con e-child" data-id="52151e3" data-element_type="container"> <div class="elementor-element elementor-element-038a31b elementor-widget elementor-widget-image" data-id="038a31b" data-element_type="widget" data-widget_type="image.default"> <div class="elementor-widget-container"> <img loading="lazy" decoding="async" width="2048" height="2560" src="https://annualreport.groupbanyan.com/2023/sustainability/wp-content/uploads/2024/05/Biodiversity-Conservation-scaled.jpg" class="attachment-full size-full wp-image-10759" alt="" srcset="https://annualreport.groupbanyan.com/2023/sustainability/wp-content/uploads/2024/05/Biodiversity-Conservation-scaled.jpg 2048w, https://annualreport.groupbanyan.com/2023/sustainability/wp-content/uploads/2024/05/Biodiversity-Conservation-240x300.jpg 240w, https://annualreport.groupbanyan.com/2023/sustainability/wp-content/uploads/2024/05/Biodiversity-Conservation-819x1024.jpg 819w, https://annualreport.groupbanyan.com/2023/sustainability/wp-content/uploads/2024/05/Biodiversity-Conservation-768x960.jpg 768w, https://annualreport.groupbanyan.com/2023/sustainability/wp-content/uploads/2024/05/Biodiversity-Conservation-1229x1536.jpg 1229w, https://annualreport.groupbanyan.com/2023/sustainability/wp-content/uploads/2024/05/Biodiversity-Conservation-1639x2048.jpg 1639w, https://annualreport.groupbanyan.com/2023/sustainability/wp-content/uploads/2024/05/Biodiversity-Conservation-240x300@2x.jpg 480w, https://annualreport.groupbanyan.com/2023/sustainability/wp-content/uploads/2024/05/Biodiversity-Conservation-819x1024@2x.jpg 1638w, https://annualreport.groupbanyan.com/2023/sustainability/wp-content/uploads/2024/05/Biodiversity-Conservation-768x960@2x.jpg 1536w" sizes="(max-width: 2048px) 100vw, 2048px" /> </div> </div> </div> <div class="elementor-element elementor-element-d74ffb0 e-con-full e-flex e-con e-child" data-id="d74ffb0" data-element_type="container"> <div class="elementor-element elementor-element-3fdadbd elementor-widget elementor-widget-heading" data-id="3fdadbd" data-element_type="widget" data-widget_type="heading.default"> <div class="elementor-widget-container"> <h5 class="elementor-heading-title elementor-size-default">DATA SECURITY </h5> </div> </div> <div class="elementor-element elementor-element-7c282f2 elementor-widget elementor-widget-text-editor" data-id="7c282f2" data-element_type="widget" data-widget_type="text-editor.default"> <div class="elementor-widget-container"> <p style="font-size: 16px; font-style: normal; font-weight: 400;">Data privacy and protection are key challenges, and the shared responsibility of our whole organisation. We foster a culture of awareness to ensure the privacy of our stakeholders.</p><p style="font-size: 16px; font-style: normal; font-weight: 400;">Our data privacy policies comply with the Personal Data Protection Act 2012 in Singapore, and the European Union’s General Data Protection Regulation (GDPR). Internal IT Risk Management and Audit teams review best practices and enforce company security policies to identify gaps and support IT policy governance.</p><p style="font-size: 16px; font-style: normal; font-weight: 400;">A partner ISO/IEC 27001:2013 certified cybersecurity consulting firm acts as Security Operations Centre (SOC) to monitor, detect and respond to potential security threats. Audits target the control of digital data access and mitigate risks of such access, while Data Privacy ensures rapid implementation of critical security patches and firewall updates.</p><p style="font-size: 16px; font-style: normal; font-weight: 400;">Audit recommendations and suggestions are implemented to address ongoing security threats. Insurance coverage is in place to protect against cybersecurity risks. Associate awareness and engagement with data security occurs through policies and regular information sharing on prevailing risks and recommended actions.</p> </div> </div> </div> </div> </div> </div> <div class="elementor-element elementor-element-1fbfc1a e-flex e-con-boxed e-con e-parent" data-id="1fbfc1a" data-element_type="container" data-settings="{"background_background":"classic"}"> <div class="e-con-inner"> <div class="elementor-element elementor-element-f53129b e-con-full e-flex e-con e-child" data-id="f53129b" data-element_type="container"> <div class="elementor-element elementor-element-30bf3db elementor-invisible elementor-widget elementor-widget-heading" data-id="30bf3db" data-element_type="widget" data-settings="{"_animation":"fadeInUp","_animation_delay":160}" data-widget_type="heading.default"> <div class="elementor-widget-container"> <p class="elementor-heading-title elementor-size-default">Next</p> </div> </div> <div class="elementor-element elementor-element-840755b e-flex e-con-boxed e-con e-child" data-id="840755b" data-element_type="container"> <div class="e-con-inner"> <div class="elementor-element elementor-element-da3e7fa elementor-invisible elementor-widget elementor-widget-heading" data-id="da3e7fa" data-element_type="widget" data-settings="{"_animation":"fadeInUp","_animation_delay":320}" data-widget_type="heading.default"> <div class="elementor-widget-container"> <span class="elementor-heading-title elementor-size-default"><a href="https://annualreport.groupbanyan.com/2023/sustainability/looking-ahead/">Looking</a></span> </div> </div> <div class="elementor-element elementor-element-2085251 elementor-invisible elementor-widget elementor-widget-heading" data-id="2085251" data-element_type="widget" data-settings="{"_animation":"fadeInUp","_animation_delay":480}" data-widget_type="heading.default"> <div class="elementor-widget-container"> <h1 class="elementor-heading-title elementor-size-default"><a href="https://annualreport.groupbanyan.com/2023/sustainability/looking-ahead/">Ahead</a></h1> </div> </div> </div> </div> <div class="elementor-element elementor-element-85bfe47 elementor-align-left elementor-widget__width-inherit elementor-invisible elementor-widget elementor-widget-button" data-id="85bfe47" data-element_type="widget" data-settings="{"_animation":"fadeInUp","_animation_delay":560}" data-widget_type="button.default"> <div class="elementor-widget-container"> <div class="elementor-button-wrapper"> <a class="elementor-button elementor-button-link elementor-size-sm" href="https://annualreport.groupbanyan.com/2023/sustainability/looking-ahead/"> <span class="elementor-button-content-wrapper"> <span class="elementor-button-icon elementor-align-icon-right"> <i aria-hidden="true" class="fas fa-long-arrow-alt-right"></i> </span> <span class="elementor-button-text">READ NEXT SECTION</span> </span> </a> </div> </div> </div> </div> </div> </div> </div> </div> </article> </main> 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