Setting an Example by Assuming the Responsibility for
Sustainable Green Development
SINGAPORE and SHANGHAI, Nov. 3,
2023 /PRNewswire/ -- The 14th "Future China
Global Forum 2023," organized by Business China, took place
successfully in Singapore on
October 27th. The forum aimed to
explore new developments and opportunities in the region. This
event brought together more than 800 distinguished business
leaders, public figures, experts, and thought leaders from
Singapore, China, and neighboring areas. Mr. Heng
Swee Keat, Singapore's Deputy Prime Minister &
Coordinating Minister for Economic Policies, was in attendance as
the esteemed Guest of Honour for the forum. Ms. He Jihong, the
Chief Financial Officer of H World Group Limited ("H
World" or "the Group", NASDAQ: HTHT, HKEX: 1179), was
invited to participate and delivered a speech on the topic of
"Fuelling Energy Transition - Making Net Zero Possible."
The energy crisis triggered by the Russia-Ukraine conflict has accelerated the need for
alternative energy sources to replace traditional oil and gas
resources. China, at the forefront
of new energy developments, is taking advantage of this opportunity
to facilitate an energy transformation. It is shifting away from an
oil-based energy infrastructure and expediting its transition to a
multi-energy infrastructure. This energy transition presents new
opportunities for businesses. He Jihong emphasized that as a
crucial driver of the service consumer industry, the accommodation
sector must hastily embrace green development. With the
introduction of concepts such as "green hotels" and "green
services", the implementation and establishment of green
development and green awareness are of crucial importance.
He Jihong emphasized that as of 30
September 2023, H World operates nearly 10,000 hotels in 18
countries, with 886,000 rooms and over 200 million members. The
Group is actively implementing its green development strategy
across its extensive hotel network and user base, aligning with the
new requirements for green development in China and the European Union. H World is
committed to ESG (Environmental, Social, and Governance)
sustainable development principles and continuously promotes green
reforms. The Group focuses on three aspects: Green Buildings, Green
Operations, and Green Services, all aimed at improving energy
efficiency and reducing waste to meet the demands of new green
development.
In terms of Green Buildings, various hotel brands of
Legacy-Huazhu (refers to H World's business in China) actively promote green building
projects. They incorporate natural and easily recyclable materials
to replace plastic products in their decoration. Moreover, by
employing a robust supply chain system, they introduce "modular"
renovations in all of Legacy-Huazhu's hotels, further reducing
carbon emissions. Regarding Green Operations, all of
Legacy-Huazhu's hotels have transitioned to using LED energy-saving
lighting fixtures and advocate for the use of air-source heat pumps
to reduce energy consumption. In Green Services, H World is
dedicated to implementing a low-carbon and environmentally friendly
guest experience. Through its in-house digital operating system, H
World provides guests with various eco-friendly accommodation
options and green service modes, including online reservations,
check-ins, hotel service bookings and invoicing. This significantly
reduces paper resource consumption, allowing for highly green and
paperless operations. Additionally, when discussing the DH related
business, He Jihong stated, "We have a comprehensive management
system and an experienced team. DH has already established clear
rules and regulations in the parts of Europe where it operates to meet the local
government's requirements for environmental protection."
In promoting green development, He Jihong stated, "We should be
aware that the most urgent issue today is the environment. Taking
action to address the problem is better than sitting back and
waiting for it to worsen. I hope that by setting an example, we can
awaken more people's awareness of environmental protection, which
is a valuable contribution." As a leading player in the hotel
industry in China and one of the
fastest-growing hotel groups in the world, H World always adheres
to ESG principles and is committed to its sustainable quality
growth. In accordance with the "dual carbon" policy and the
requirements of global green sustainable development, H World will
continue to integrate environmental, social, and corporate
governance into its daily operations and long-term development
strategy, and continue to build a governance structure that is
clear in terms of rights and responsibilities, efficient in terms
of operations, clean and upright. This commitment will continually
enhance its ESG rating and work towards creating a better life for
customers, franchisees, employees, and other ecosystem
partners.
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