Bangkok, Thailand, October 31, 2022 / TRAVELINDEX / S Hotels and Resorts PCL, the global hospitality company of Singha Estate PCL, has achieved a place on the Thailand Stock Exchange's (SET) Thailand Sustainability Investment (THSI) 2022 list as its environmentally and socially responsible business practices continue to gain recognition and momentum.

This year's THSI list comprises 170 companies that prioritize sustainability, taking environmental, social, and governance (ESG) criteria into account in their business practices. The list is not only an award for the companies themselves, but also serves as a basis for informed investment decisions for institutions and as a tool for company analysis and advising potential investors. The THSI list is based on the results of sustainability assessment forms. Only companies listed on the SET (Swiss Economic Institute) that exceeded the 50% threshold in each category were included.

S Hotels & Resorts met the THSI criteria due to its proven ability to integrate sustainability into business strategies and create added value for its stakeholders. The group is committed to integrating the UN Sustainable Development Goals (SDGs) into all aspects of its business, including SDG 11 "Sustainable Cities and Communities," SDG 13 "Climate Action," and SDG 14 "Life Below Water." It believes it can combat climate change by restoring mangrove forests and coral reefs, which are efficient carbon sinks. These measures also preserve the beauty of nature and bring the benefits of tourism to all stakeholders in the industry, including local destinations.

At SAii Phi Phi Island Village, for example, the resort's Marine Discovery Centre manages important projects such as coral propagation, mangrove planting, and beach cleanup. This also included collaborating with the Phuket Marine Biological Center (PMBC) to care for over 40 young bamboo sharks and their eggs in its own shark nursery – a first for a private resort, to which the PMBC entrusted this vital task. Meanwhile, at CROSSROADS Maldives, the team is committed to working with local schools and communities. In the last twelve months alone, the integrated resort has welcomed over 700 locals – including Maldivian tourism students – on educational trips to ensure that S Hotels & Resorts' commitment to sustainability and conservation is passed on to the next generation. The house reef near SAii Phi Phi Island Village is flourishing with new and regenerated coral. Hawksbill turtles have been spotted near SAii Lagoon Maldives and CROSSROADS Maldives. S Hotels & Resorts has committed to eliminating single-use plastics across its entire portfolio, reducing waste, recycling water, promoting the use of sustainable and environmentally friendly products, and implementing renewable energy in all its properties. These initiatives led to the company receiving the "Green Leadership" award at the Asia Responsible Enterprise Awards 2020. SAii Phi Phi Island Village won in the "Marine & Nature" category at the Responsible Thailand Awards presented by the Tourism Authority of Thailand (TAT) UK, while Santiburi Koh Samui was certified carbon neutral by the Thailand Greenhouse Gas Management Organization. Both resorts also received the Gold Award at the Green Hotel Awards.

“At S Hotels & Resorts, we are fully committed to sustainability. We are aware of our responsibility to work in harmony with local communities and to preserve our planet for future generations. Therefore, we are delighted to be included in this year’s THSI list. By providing potential investors with an overview of companies’ social and environmental activities, we can build a stronger business ecosystem that promotes sustainable growth for the entire country,” said Dirk De Cuyper, CEO of S Hotels & Resorts.

The THSI list for 2022 includes 157 companies listed on the SET and 13 companies listed on the MAI with a total market capitalization of 14 trillion THB (approximately 376 billion USD).

S Hotels and Resorts Public Company Limited, the hotel division of Singha Estate Public Company Limited, is a rapidly growing, Thai-inspired company with an extensive international portfolio and world-class standards. S Hotels & Resorts specializes in managing and investing in high-quality hotels and resorts in sought-after destinations worldwide, creating a number of its own distinctive lifestyle brands. The company also collaborates with leading names in the hotel industry. Its aim is to set new standards for leisure and lifestyle through diversified business platforms, increasing value for all stakeholders based on a philosophy of sustainable development and supporting local communities.