Potential offtaker

The Hongkong & Shanghai Hotels, Limited

www.hshgroup.com

Estimated electricity consumption

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Countries of production presence

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The Hongkong & Shanghai Hotels, Limited (HSH) is a luxury hospitality company based in Hong Kong that operates a portfolio of hotels and resorts across Asia, Europe, and the United States. Founded in 1866, HSH has a long-standing reputation for providing exceptional service and experiences to its guests, while also being committed to sustainability and decarbonisation.

As a company operating in the hotel and motel sector, HSH recognises the importance of reducing its carbon footprint and mitigating the impact of its operations on the environment. To this end, the company has implemented a range of initiatives aimed at reducing its energy consumption and transitioning to renewable energy sources.

One of the key strategies that HSH has adopted to reduce its carbon footprint is through corporate decarbonisation. This involves setting targets to reduce greenhouse gas emissions across its operations and supply chain, and implementing measures to achieve these targets. HSH has set a target to reduce its carbon emissions by 30% by 2025, compared to its 2018 baseline. To achieve this, the company has implemented a range of energy-saving measures, such as LED lighting, energy-efficient HVAC systems, and water-saving technologies.

Another important strategy that HSH has adopted to reduce its carbon footprint is through corporate energy procurement. The company has entered into corporate power purchase agreements (PPAs) with renewable energy providers to source renewable energy for its operations. In 2018, HSH signed a PPA with a wind farm in Inner Mongolia, China, to supply renewable energy to its hotels in Hong Kong. This PPA is expected to reduce the company's carbon emissions by 5,000 tonnes per year, equivalent to taking 1,000 cars off the road.

In addition to its corporate PPA, HSH has also invested in on-site renewable energy generation. The company has installed solar panels on the roof of its flagship hotel, The Peninsula Hong Kong, which is expected to generate 200,000 kWh of electricity per year. This is equivalent to reducing the hotel's carbon emissions by 100 tonnes per year.

HSH has also implemented a range of sustainability initiatives across its operations to reduce waste and conserve resources. The company has implemented a waste management programme that includes recycling, composting, and reducing single-use plastics. HSH has also implemented a water conservation programme that includes rainwater harvesting, water-efficient fixtures, and water reuse.

In addition to its sustainability initiatives, HSH is committed to providing exceptional service and experiences to its guests. The company's hotels and resorts are renowned for their luxurious amenities, world-class dining, and exceptional service. HSH's flagship hotel, The Peninsula Hong Kong, has been named the "Best Hotel in Asia" by Travel + Leisure magazine for the past 25 years.

HSH's commitment to sustainability and decarbonisation has been recognised by a range of industry awards and accolades. In 2020, the company was named the "Most Sustainable Hotel Group in Asia" by the International Hospitality Awards. HSH was also awarded the "Green Hotel Award" by the Hong Kong Green Council in recognition of its sustainability initiatives.

In conclusion, The Hongkong & Shanghai Hotels, Limited is a luxury hospitality company that is committed to sustainability and decarbonisation. The company has implemented a range of initiatives to reduce its carbon footprint, including corporate decarbonisation, corporate energy procurement, and on-site renewable energy generation. HSH's commitment to sustainability has been recognised by a range of industry awards and accolades, and the company continues to lead the way in sustainable hospitality practices.