PRODUCT IMPLEMENTED
Corporate Carbon Footprinting (CCF)
INDUSTRY
Hospitality
Leisure
Real Estate
HQ
Singapore
COMPANY SIZE
79 resorts around the world
Over 12,000 employees
- Comprehensive Scope 1, 2, and 3 emissions measurement
- Putting in place a scalable data management solution to assimilate and transform over 130K business activities into emissions data
- Creating visibility into supply chain hotspots, across 76 entities in 14 countries
About Banyan Group
Banyan Group is one of the world’s leading independent, multi-branded hospitality groups, offering exceptional, design-led experiences and centred around the mission of stewardship and wellbeing. With 79 resorts and hotels spanning diverse landscapes in Asia, America, Africa, and the Middle East, the company has championed sustainable development since it was founded in Singapore in 1994.
To build a granular understanding of its emissions footprint and plan a decarbonisation transformation for its properties and supply chain, Banyan Group partnered with Terrascope to take the next step on its sustainability journey.
The Challenge
This would be the first time that Banyan Group was measuring its GHG emissions, so it had no centralised system in place to collect all the business activity data needed for emissions calculations. With operations encompassing 76 entities in 14 countries across Asia, America, Africa and the Middle East, the main challenge was to determine the material sources of emissions, locate the relevant data from multiple systems and formats as well as offline sources, and integrate them into a complete dataset ready for emissions calculations.
Furthermore, with the impending need for Banyan Group to align with the requirements of the Task Force on Climate-related Financial Disclosures (TCFD), a comprehensive understanding of its Scope 3, supply chain emissions became a business imperative.
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The Terrascope Solution
Banyan Group used the Terrascope platform to build a streamlined and scalable approach to data management, using AI to help categorise over 130K different business activities and to find the most relevant emission factors to transform these into emissions data. The platform also identified data gaps and imputed estimates for the missing data.
Terrascope could then build a granular view of Banyan Group’s emissions across its value chain to:
- Identify the most material hotspots to focus decarbonisation strategies.
- Benchmark Banyan Group against its closest peers in the hospitality industry, and understand its sustainability performance compared to industry leaders.
- Put in place a repeatable emissions measurement and reporting process, enabling Banyan Group to track and manage emissions over a multi-year horizon, and to understand what is truly driving year-on-year changes.
Emissions Insights
The top 5 business activities accounted for over 70% of overall emissions, with food being the second highest, which was a surprise to Banyan Group.
Double-clicking into food, Terrascope provided an analysis of consumption volume against emissions contribution, to help hotel operations teams understand which ingredients contributed the most emissions and the impact of reducing food waste.
Lastly, Terrascope extrapolated satellite data and Banyan Group's site-specific information to calculate the extent of tree cover loss and the resulting emissions in the year of the company's establishment and over a 20-year timeframe. This assessed Banyan Group's Land Use Change (LUC) impacts, as required by the TCFD. It confirmed that LUC made up less than 1% of Banyan Group’s total emissions, and was therefore immaterial for further reporting.
The Value for Banyan Group
By partnering with Terrascope, Banyan Group unlocked value in three distinct ways:
Speed and Operational Efficiency
Terrascope’s data management and AI capabilities brought speed to data collection, ingestion, integration and transformation, so the measurement cycle for 79 properties, 76 entities and 130K business activities was completed in weeks rather than months.
Reducing Reputation Risks and Enabling Sustainable Leadership
Terrascope’s platform enabled Banyan Group to confidently measure and report on its Scope 3 emissions in line with TCFD requirements. Visibility into the different emissions intensity of operations across its markets also empowered leaders to take greater ownership of their carbon footprint going forward.
Optimising Decarbonisation Investments
The Terrascope platform formed the baseline for a Marginal Abatement Cost Curve, combining financial and environmental considerations to get the most from Banyan Group’s decarbonisation investments.
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