Bangkok, Thailand- Centara Hotels & Resorts, Thailand’s leading hotel operator, has announced the issuance of its first Sustainability-Linked Bond (SLB), marking a major milestone in the company’s commitment to environmental, social, and governance (ESG) excellence.
The 1 billion Baht, 5-year bond, arranged by UOB, links financing costs directly to Centara’s performance on two key sustainability performance targets (SPTs):
Reducing greenhouse gas (GHG) emission intensity in its hotel operations; and,
Reducing water consumption intensity across its properties.
This innovative bond issuance reflects Centara’s dedication to integrating sustainability into its business practices while actively contributing to the global push toward a low-carbon future.
Our first sustainability-linked bond reinforces our commitment to a more sustainable hospitality industry. By embedding ESG principles into our financing framework, we’re not only accelerating our efforts to reduce our environmental impact but also setting measurable goals that drive accountability and progress. Gun Srisompong, Chief Financial Officer and Vice President – Finance and Administration of Centara Hotels & Resorts
Centara’s SLB aligns with the company’s broader sustainability strategy, which includes eliminating single-use plastics across all properties, achieving Global Sustainable Tourism Council (GSTC) certification for every property by 2025, reducing energy consumption and GHG emissions by 40% by 2029, with a long-term goal of achieving net-zero emissions by 2050.
The bond, which will be issued on 11 December 2024, is offered to institutional investors (II) and high-net-worth individuals (HNW), reflecting strong market confidence in Centara’s sustainability-driven vision. Aligned with the Sustainability-Linked Bond Principles (SLBP) set by the International Capital Market Association (ICMA), this issuance ensures adherence to global standards for sustainable finance.
Centara’s commitment to sustainability underscores its goals of becoming a leader in sustainable hospitality and a Top 100 Global Hotel Operator by 2027. For more information about Centara Hotels & Resorts’ sustainability initiatives, please visit https://www.centarahotelsresorts.com/sustainability.
About Centara Hotels & Resorts
Centara Hotels & Resorts is Thailand’s leading hotel operator. Its 92 properties span all major Thai destinations plus the Maldives, Vietnam, Laos, Japan, Oman, Qatar and the UAE. Centara’s portfolio comprises six brands – Centara Reserve, Centara Boutique Collection, Centara Grand, Centara, Centara Life and COSI Hotels – ranging from luxury island retreats and upscale family resorts to affordable lifestyle concepts supported by innovative technology.
Centara also operates state-of-the-art convention centres and has its own award-winning spa brand, Cenvaree. Throughout the collection, Centara delivers and celebrates the hospitality and values Thailand is famous for including gracious service, exceptional food, pampering spas and the importance of families. Centara’s distinctive culture and diversity of formats allow it to serve and satisfy travellers of nearly every age and lifestyle.
Centara aims to become a top 100 global hotel group, while spreading its footprint into new continents and market niches. As Centara continues to expand, a growing base of loyal customers will find the company’s unique style of hospitality in more locations. Centara’s global loyalty programme, Centara The 1, reinforces their loyalty with rewards, privileges and special member pricing.
Find out more about Centara at www.CentaraHotelsResorts.comFacebook LinkedIn Instagram Twitter
Puntira Cherdboonmuang (Gam)Corporate Public Relations Manager, Centara Hotels & ResortsCentara
