Mandarin Oriental International Ltd 2022 AR2
The report highlights Mandarin Oriental International Limited's financial recovery in 2022, returning to an underlying profit of US$8 million as travel restrictions eased globally. The Group expanded its portfolio by opening two new hotels in Shenzhen and Lucerne, and two residences in Barcelona and Beverly Hills, while announcing seven new management contracts. On the sustainability front, the Group achieved a 99% elimination of single-use plastics across its hotels and established 10-year environmental targets for each property. Additionally, the Group aligned its climate-related disclosures with the TCFD framework and conducted property-level sustainability risk assessments.
Company: Mandarin Oriental International Ltd
Sector: Consumer Discretionary
Country: Hong Kong
Year: 2022
Type: AR2
Pages: 141
Mandarin Oriental International Ltd
Annual Report
The report highlights Mandarin Oriental International Limited's financial recovery in 2022, returning to an underlying profit of US$8 million as travel restrictions eased globally. The Group expanded its portfolio by opening two new hotels in Shenzhen and Lucerne, and two residences in Barcelona and Beverly Hills, while announcing seven new management contracts. On the sustainability front, the Group achieved a 99% elimination of single-use plastics across its hotels and established 10-year environmental targets for each property. Additionally, the Group aligned its climate-related disclosures with the TCFD framework and conducted property-level sustainability risk assessments.
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Document Details
Report Year
2022
Reporting Period
Jan 1, 2022 - Dec 31, 2022
Fiscal Year
2022
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Renewable Energy