Centara(CENTEL) listed by SET in Thailand Sustainability Investment (THSI) 2018 for Sustainability Performance Excellence

Award Ceremony Caption

(Right) Dr. Ronnachit Mahattanapreut – Centara’s Senior Vice President – Finance & Administrationreceived Thailand Sustainability Investment (THSI) 2018award fromDr. Pakorn Peetathawatchai. President, The Stock Exchange of Thailand(Left)

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Bangkok, Thailand – 1st November 2018Centara Hotels & Resorts (CENTEL), Thailand’s leading hotel operator, was categorised a “Thailand Sustainability Investment (THSI)”, an annual recognition for listed companies that operate with responsibility forEnvironmental, Social and Governance (ESG) aspects. The THSI list aimsto recognise and motivate companies for their effortstowards sustainability, while offering investors an alternative investment in high-performance ESG stocks.

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Centara Hotels & Resorts aims to balanceits operationsto attain financial goals and practice good governance, while creating positive social impact, reducing its environmental footprint,and encouraging innovation to sustain the organisation’s competitiveness.The companyhas formally developed environmental, social,and innovation initiativessince 2008, including energy, water, waste and safety management.Centara also engages management, staff, suppliers, guests and communities,for both the long-term growth of its business and vitality of the destinations where it operates. One testament to this commitment is that 15 of Centara’s properties have already achieved Gold and Silver Certifications by EarthCheck, the world’s leading scientific benchmarking and impact assessment body for sustainable travel and tourism.

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“Centara intends to operateethically and sustainably across our entire portfolio. We arecommitted to sustainable practices throughout our hotel operations, whilst delivering an exceptional level of Thai hospitality for our guests,” said Thirayuth Chirathivat, Chief Executive Officer. “Companies that respond effectively to the challenges of sustainability can gain a competitive advantage and increaseshare value.We strive to developsustainable hospitality strategiesand encourage sustainability wherever we operate.”

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Thailand Sustainability Investment (THSI) was first created in 2015 to recognise companies that adoptESG principles into responsible and sustainable business management to create a positive impact on the Kingdom. This year, the Stock Exchange of Thailand (SET) selected Centara as one of 79 listed companies that incorporatea high level of ESG practices to support sustainability. This effort is in line with SET’s vision “To Make the Capital Market Work for Everyone”, supporting a vision of capitalism that benefits all stakeholders.

 

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