BETTER Planet
AWC integrates environmental considerations across development, operations, and stakeholder engagement to reduce environmental impacts, enhance resource efficiency, conserve natural resources, and accelerate the transition to a low-carbon future.
The Company manages environmental impacts, risks, and opportunities across its portfolio by embedding sustainability considerations into business decisions and asset management. The Company focuses on climate action, resource efficiency, water stewardship, circular resource management, and biodiversity conservation, while working collaboratively with hotel operators, tenants, suppliers, and communities to strengthen climate resilience, promote responsible resource use, and create long-term sustainable value.
CLIMATE STARTEGY
AWC integrates climate considerations across investment, development, operations, and asset management to reduce greenhouse gas emissions, strengthen climate resilience, and support long-term sustainable value creation across its hospitality and real estate portfolio.
STRATEGIC CONTEXT
Climate change presents both risks and opportunities for AWC, with implications for asset performance, operational continuity, investment returns, regulatory compliance, and long-term portfolio value. As a leading hospitality and real estate group, AWC recognizes the importance of addressing both the physical impacts of climate change and the transition toward a low-carbon economy.
The increasing frequency and severity of climate-related events, including extreme weather, flooding, heat stress, and resource constraints, may affect business operations, asset resilience, and stakeholder expectations. At the same time, the transition to a low-carbon economy creates opportunities to enhance operational efficiency, drive innovation, reduce emissions, and strengthen long-term competitiveness.
To address these opportunities and risks, AWC integrates climate considerations into strategic planning, investment decisions, development projects, and operational practices. Through a combination of emissions reduction initiatives, energy efficiency measures, renewable energy adoption, and climate resilience planning, the Company seeks to support sustainable growth while creating long-term value for its stakeholders.
COMMITMENTS & TARGET
AWC has established climate goals and targets to support the transition to a low-carbon and climate-resilient future, while creating long-term value across its portfolio.
Climate Mitigation
Reduce Scope 1 and Scope 2 greenhouse gas emissions by 45.8% by 2030 from a 2019 baseline and support the Company’s ambition to achieve carbon neutrality by 2030.
Energy Efficiency
Reduce energy intensity by 11% by 2030 compared to the 2019 baseline.
STRATEGY
Climate Mitigation
Reducing greenhouse gas emissions across the portfolio through energy efficiency improvements, renewable energy adoption, low-carbon design, and climate-conscious investment decisions.
Climate Adaptation & Resilience
Strengthening the resilience of assets and operations through climate risk assessment, resilience planning, business continuity measures, and adaptation strategies that address evolving climate risks.
STRATEGIC PRIORITIES
Improve Energy Efficiency
Driving continuous energy performance improvement through energy monitoring, benchmarking, audits, and targeted efficiency initiatives across operating assets.
Accelerate Renewable Energy Adoption
Increasing the use of renewable energy through on-site generation, renewable electricity procurement, and strategic partnerships.
Embed Low-Carbon Design
Integrating sustainability and low-carbon principles into new developments and major renovations to improve long-term environmental performance.
Strengthen Climate Resilience
Assessing climate-related risks and implementing adaptation measures to enhance asset resilience and business continuity.
Integrate Climate into Decision-Making
Embedding climate considerations into risk management, capital planning, investment evaluation, and long-term business strategy.
Build Climate Awareness and Capability
Raising employee awareness and strengthening energy management capabilities through training, engagement programs, and a culture of continuous energy conservation.
PERFOMANCE
AWC continuously monitors and evaluates its climate performance to track progress against its commitments and long-term ambitions. Through ongoing improvements in environmental performance, resource efficiency, renewable energy adoption, and climate resilience, the Company supports the transition to a low-carbon future while creating long-term value across ours portfolio.
Energy Efficiency Management Process
| Processes | Description |
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| 1. Data Collection and Analysis |
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| 2. Benchmarking and Comparison |
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| 3. Identifying Significant Energy Use Areas |
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| 4. Implementing Energy Saving Initiatives (ESIs) |
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| 5. Conducting Audits |
Engage consultants for ASHRAE Level 1 Energy at key facilities as following processes:
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| 6. Performance Improvement and Monitoring |
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| 7. Continuous Improvement |
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Training on Energy Efficiency Management and Cultural Change
Our commitment to energy efficiency is supported by comprehensive training programs aimed at raising awareness and optimizing energy behavior among our employees. All programs are designed to instill a culture of energy conservation and drive substantial reductions in energy consumption across all levels of the organization.
- Educated employees on selecting high-efficiency chillers to enhance cooling systems' energy performance.
- Provided in-depth knowledge on the installation and benefits of large-scale solar photovoltaic rooftop systems.
- Introduced the Energy Commitment Goal Card to track and achieve energy conservation targets.
Each training session is tailored to specific aspects of energy management, ensuring that employees receive relevant and actionable information that can be applied to their daily tasks and responsibilities.
By investing in these training programs, we not only enhance our operational efficiency but also empower our employee to contribute to our sustainability goals, creating a company-wide commitment to reducing energy consumption and supporting a low-carbon future.
2024 PERFORMANCES
Total Energy Consumption
(Unit: MWh)
WATER STEWARDSHIP
AWC integrates water stewardship across development, operations, and asset management to enhance water efficiency, strengthen operational resilience, and support long-term water security across its hospitality and real estate portfolio.
STRATEGIC CONTEXT
Water is a critical resource for AWC's hospitality, retail, commercial, and mixed-use developments, directly influencing operational continuity, service quality, asset resilience, and relationships with surrounding communities. Responsible water management is therefore essential to sustaining business performance and long-term value creation.
As climate change, urbanization, population growth, and increasing tourism demand continue to place pressure on water resources, AWC recognizes the importance of proactively managing water-related risks and opportunities throughout the water cycle. These challenges may affect water availability, operational costs, regulatory requirements, and stakeholder expectations across the Company's portfolio.
To address these opportunities and risks, AWC integrates water considerations into asset planning, development, operations, and performance improvement initiatives. Through water efficiency measures, responsible water use, water reuse initiatives, and stakeholder engagement, the Company seeks to reduce freshwater demand, strengthen resilience, and support sustainable water management across its portfolio and the communities in which it operates.
COMMITMENTS & TARGET
AWC has established water stewardship goals to improve water efficiency, strengthen water resilience, and support responsible water management across the portfolio.
Water Efficiency
Reduce water-use intensity by 20% by 2030 compared with the 2019 baseline.
Water Resilience
Strengthen water security and operational continuity through water reuse, system resilience, and risk-informed water management.
Responsible Water Management
Maintain compliance with wastewater treatment and discharge requirements while expanding water reuse and recycling where feasible.
STRATEGY
Water Efficiency & Demand Reduction
Enhancing water-use efficiency and reducing freshwater demand through consumption reduction, optimization initiatives, and water reuse solutions.
Water Resilience & Quality Management
Strengthening water security, water quality management, and wastewater system reliability to support operational continuity and long-term asset resilience.
Downstream Stewardship & Shared Responsibility
Managing downstream water impacts responsibly while supporting the sustainable use of water resources within surrounding communities and ecosystems.
STRATEGIC PRIORITIES
Optimize Water Consumption
Improving water-use efficiency across operations through water monitoring, performance benchmarking, identification of significant water-use areas, leak prevention, system optimization, and conservation initiatives.
Advance Water Reuse and Circularity
Promoting water reuse, recycling, and alternative water sources to reduce freshwater demand and maximize resource value.
Safeguard Water Quality
Maintaining effective wastewater treatment and discharge management through monitoring, system improvements, inspections, and compliance controls to protect water resources and surrounding ecosystems.
Strengthen Water Security
Assessing water-related risks and enhancing the reliability of water supply and wastewater systems to support operational continuity in areas facing water-related challenges.
Monitor Water Performance and Risk
Assessing water use, identifying significant water-use areas and activities that may affect water quality, evaluating water-related risks, and monitoring performance to drive continuous improvement and informed decision-making.
Build Water Awareness and Capability
Promoting responsible water use through employee training, engagement programs, and awareness initiatives that support water conservation, operational efficiency, and a culture of continuous improvement.
PERFOMANCE
AWC continuously monitors water performance across its portfolio to track progress toward its water stewardship goals and long-term ambitions. Through ongoing improvements in water efficiency, reuse, wastewater management, and operational resilience, the Company supports responsible water use and long-term water security.
CIRCULARITY
AWC integrates circularity principles across investment, development, operations, and asset repositioning to maximize resource value, reduce waste, and support long-term sustainable growth across its hospitality and real estate portfolio.
STRATEGIC CONTEXT
AWC recognizes circular economy as a key approach to optimizing resource use and enhancing long-term asset value across its real estate and hospitality portfolio. By integrating circular principles into acquisition, development, operations, and asset repositioning, the Company aims to reduce material consumption, minimize waste, and improve operational efficiency.
Circularity is applied in a portfolio-based and context-specific manner, reflecting the diverse nature of AWC’s assets. This enables the Company to balance responsible growth with environmental performance and cost efficiency, while supporting the transition toward more sustainable resource use across the asset lifecycle.
COMMITMENTS & TARGET
AWC is committed to advancing circularity across its portfolio by improving resource efficiency, reducing landfill waste, and creating value from resources throughout the asset lifecycle.
Operational Waste
Achieve Zero Waste to Landfill for operational waste by 2030.
Construction & Renovation Waste
Divert at least 75% of construction and renovation waste from landfill by 2030.
STRATEGY
Asset Lifecycle Circularity
Integrating circularity principles into investment, acquisition, development, refurbishment, and asset repositioning decisions to optimize resource use and extend asset life.
Construction & Operational Circularity
Reducing waste and improving resource efficiency through waste segregation, recycling, material recovery, food waste reduction, and circular operational practices.
Circular Value Recovery
Maximizing value from assets and materials through reuse, refurbishment, repurposing, and redeployment via reConcept and other circular recovery initiatives.
STRATEGIC PRIORITIES
Circular Development and Adaptive Reuse
Prioritizing brownfield development, adaptive reuse, refurbishment, and lifecycle-based design approaches to extend asset lifecycles, reduce construction waste, and optimize resource use.
Waste Assessment and Reduction
Conducting waste assessments, identifying significant waste streams, establishing waste reduction plans, and implementing initiatives to prevent waste generation at source.
Recycling and Resource Recovery
Strengthening waste segregation, recycling, and material recovery practices to divert waste from landfill and increase resource efficiency across operations.
Food Loss and Waste Management
Measuring food loss and waste across the value chain while implementing prevention, surplus food redistribution, composting, and alternative-use initiatives to reduce waste and maximize resource value.
Circular Value Recovery through reConcept
Recovering, refurbishing, repurposing, and redeploying furniture, equipment, textiles, and other materials to extend useful life and create additional value from existing resources.
Data, Innovation, and Circular Partnerships
Investing in digital solutions, innovation initiatives, and collaborative partnerships to develop waste minimization solutions and scale circular practices across operations.
Sustainable Packaging
Advancing sustainable packaging through material reduction, reusable and recyclable packaging, recycled-content materials, and responsible end-of-life management.
PERFOMANCE
AWC continuously monitors circularity performance across its portfolio to track progress toward its commitments and long-term ambitions. Through ongoing improvements in waste reduction, resource efficiency, material recovery, food waste management, and circular value creation, the Company supports responsible resource use and long-term sustainable value creation.
BIODIVERSITY
AWC integrates biodiversity considerations across investment, development, and operations to protect ecosystems, strengthen asset resilience, and support long-term sustainable value creation across its hospitality and real estate portfolio.
STRATEGIC CONTEXT
Biodiversity is a material consideration for AWC, supporting long-term asset resilience, destination attractiveness, and sustainable value creation across its real estate and hospitality portfolio.
AWC recognizes that biodiversity loss may affect project feasibility, resource availability, regulatory compliance, and long-term asset performance.
To address these opportunities and risks, AWC integrates biodiversity considerations into investment, development, construction, and operational decision-making through a risk-based and context-specific approach. The Company seeks to avoid, minimize, and manage potential impacts on ecosystems while promoting responsible land use, nature-positive practices, and the conservation of biodiversity across its portfolio.
COMMITMENTS & TARGET
AWC has established water stewardship goals to improve water efficiency, strengthen water resilience, and support responsible water management across the portfolio.
No Net Loss
Apply the No Net Loss (NNL) principle to new developments by prioritizing impact avoidance and minimization throughout project planning and design.
Zero Permanent Deforestation
Prevent permanent loss of natural forests resulting from development, refurbishment, and asset repositioning activities by 2035
Net Positive Biodiversity Outcomes
Achieve verified net positive biodiversity outcomes in identified high-biodiversity and critical habitat areas by 2050.
STRATEGY
Biodiversity Risk Management & Baseline Assessment
Identify biodiversity-sensitive locations, assess ecological conditions, and integrate biodiversity considerations into investment and development decisions.
Impact Avoidance & Minimization
Apply the mitigation hierarchy to avoid, minimize, and manage biodiversity impacts throughout development and operational activities.
Ecosystem Restoration & Enhancement
Restore affected habitats and enhance biodiversity through ecological landscaping, native species planting, and habitat improvement initiatives.
STRATEGIC PRIORITIES
Phase 1: Build the Foundation (2024–2029)
Strengthen Governance & Data
Biodiversity considerations are embedded into core business activities through strengthened governance, data, and processes.
Develop Biodiversity Action Plans (BAPs)
Formal biodiversity action plans and baseline assessments are established for priority areas to inform development and investment decisions.
Apply No Net Loss (NNL) Principle
The No Net Loss principle is applied to all new developments, with a strong emphasis on impact avoidance and minimization.
Phase 2: Positive Contribution Across Assets
Promote Positive Contributions
Moving beyond mitigation by enhancing environmental value across operating assets and surrounding environments.
Integrate Nature-Based Solutions
Context appropriate actions include ecological landscaping, habitat enhancement, and integration of nature-based solutions to support ecosystem integrity, climate resilience, and destination quality.
Enhanced Safeguards for Sensitive Areas
Assets located in or near high-biodiversity or sensitive areas are subject to enhanced safeguards, specialist input, and long-term stewardship measures.
PERFOMANCE
AWC continues to strengthen biodiversity management through biodiversity screening, baseline assessments, ecosystem restoration and enhancement initiatives, and conservation partnerships across priority areas. The insights gained support more informed decision-making, improved risk management, and the gradual integration of biodiversity considerations throughout the asset lifecycle.