Minor

Minor's climate commitments centre on achieving net-zero greenhouse gas (GHG) emissions across its value chain by 2050. This overarching goal is supported by intermediate targets, including a commitment to reduce absolute Scope 1 and 2 GHG emissions by 42% by 2030, using a 2023 baseline. Additionally, Minor aims to decrease absolute Scope 3 GHG emissions by 25% within the same timeframe. For the longer term, the company is committed to a 90% reduction in absolute Scope 1, 2, and 3 GHG emissions by 2050, also based on a 2023 baseline. These targets are aligned with the 1.5°C warming scenario.

In terms of emissions reporting, Minor disclosed significant carbon footprints for its hotel and restaurant services operations. For the reporting year ending in 2025, total emissions were approximately 1.93 billion kg CO2e. This comprised roughly 204.66 million kg CO2e from Scope 1 emissions and approximately 275.69 million kg CO2e from Scope 2 emissions (market-based). Scope 3 emissions were substantial, totalling approximately 1.50 billion kg CO2e, with purchased goods and services being the largest contributor in this scope.

Looking at previous years, in 2024, total emissions were approximately 2.15 billion kg CO2e, with Scope 1 emissions around 194.38 million kg CO2e, Scope 2 emissions around 291.81 million kg CO2e, and Scope 3 emissions at approximately 1.66 billion kg CO2e. In 2023, total emissions were approximately 2.30 billion kg CO2e, with Scope 1 at about 192.13 million kg CO2e, Scope 2 at approximately 294.73 million kg CO2e, and Scope 3 at around 1.80 billion kg CO2e. In 2022, total emissions were approximately 1.25 billion kg CO2e, with Scope 1 emissions at about 179.25 million kg CO2e, Scope 2 emissions at approximately 257.33 million kg CO2e, and Scope 3 emissions at around 810.84 million kg CO2e.

Minor has also set specific reduction targets, including a goal to reduce carbon intensity (tCO2e per room sold) by 15% by 2025, with a 2019 baseline. The company previously had a target for a 20% reduction in carbon dioxide emissions for Minor Hotels by 2023 against a 2016 baseline for both Scope 1 and Scope 2 emissions, and reported achieving significant reductions in 2022 for energy, carbon dioxide emission, and water intensities. Additionally, there is a target to reduce single-use plastics by 75% by 2024, using a 2018 baseline.