ASIAN HOTELS AND PROPERTIES PLC AnnuAl RepoRt 2012/13

sustainability reportPASSIONASIAN HOTELS AND PROPERTIES PLCAnnual Report 2012 /1362Report ContentAsian Hotels and Properties PLC’ssustainability report provides comprehensiveinformation on the Group’s sustainabilityperformance for the period beginning 1st April2012 to 31st March 2013. This sustainabilityreport is prepared according to the GlobalReporting Initiative (GRI) standards. Ourpassion for sustainability in all areas isindicated by our achievements in economic,environmental and social performance.Report Scope and BoundaryMost of the sustainability initiatives in thisreport have been led by Cinnamon GrandColombo due to the fact that the PropertyDevelopment Sector has been completed andhanded over and the intervention of the Groupceases at this point. Cinnamon Lakeside, oursubsidiary, while aligning itself to the conceptsof the JKH sustainability strategy does notfully report in this section as it has its ownindependent sustainability report.Precautionary Principle AddressedAsian Hotels and Properties PLC is influencedby the precautionary principle in its endeavourof preserving the environment and the impactof its operation on the local communities.The precautionary principle is highlightedby the continuous success of our initiativesof improving our environment; reducing ourenergy consumption and carbon footprintand embedding our social responsibility in allassociates. Through our risk managementprocesses and internal control systems, wehave adhered to the precautionary principle.We have incorporated the triple bottom lineprinciples in our practices and performance.We have also obtained ISO 14001, ISO22000, OHSAS 18001, and Green Globeand Carbon Neutral certifications. From acorporate governance perspective, we ensurethat we meet the regulatory requirementsand are compliant with external rules andcodes that include the listing rules of theColombo Stock Exchange and all provisionsof the Code of Governance of the Institute ofChartered Accountants of Sri Lanka.Any comments and suggestions regardingthe sustainability report of Asian Hotels andProperties PLC may be directed to:Tharika GoonathilakeManager Marketing Communications &SustainabilityCinnamon Grand Colombo77, Galle Road, Colombo 3.communications@cinnamonhotels.comCompany ProfileAsian Hotels and Properties PLC (AHPPLC)is a Public Limited Liability Companyincorporated in Sri Lanka in 1993 andregistered with the Board of Investment ofSri Lanka under Section 17 of the Board ofInvestment Law No. 4 of 1978. AHPPLCcomes under the umbrella of John KeellsHoldings and has been in operation sinceSeptember 2003. The holding company (JohnKeells PLC) has a history that dates back to1870. It is the largest listed conglomeratein Sri Lanka with its shares listed on theColombo Stock Exchange and the first SriLankan Company to be listed internationallywith the Global Depository Receipt (GDR)issued on the Luxemburg Stock Exchange.AHPPLC operates primarily in the areas ofleisure, real estate development, retail andcondominium development in Sri Lanka.The Group is sub divided into the PropertyDevelopment Division which comprises TheCrescat Boulevard and maintenance activitiesof The Monarch, The Emperor and Crescatresidencies and the Hotel Division comprisingCinnamon Grand Colombo and CinnamonLakeside Colombo. The registered officeand the principal place of business of theCompany is No. 77, Galle Road, Colombo 03.