SHANGHAI, May 24, 2024
/PRNewswire/ -- May
23, Atour Lifestyle Holdings Limited (NASDAQ: ATAT),
a leading hospitality and lifestyle company in China, has released its inaugural
Environmental, Social, and Governance (ESG) report for 2023.
The report underscores the company's sustainability efforts over
the past year and reflects the steady integration of ESG principles
into its day-to-day operations.
In essence, Atour is committed to reducing waste and making its
operations more ecologically friendly. This is reflected in the
company's approach toward refurbishment and resource
conservation.
During the reporting period, Atour launched two new
products, Atour Light 3.0 and Atour
4.0 "With Nature," a midscale hotel offering and an upper midscale
variation. They underwent refurbishment using modular designs, with
modular elements accounting for over 90% and 80% of the overall
designs, respectively. This initiative significantly reduces
maintenance costs and non-essential construction waste.
Sustainability practices extend beyond decoration. Atour hotels
now are equipped with less carbon-intensive amenities, such as 100%
biodegradable paper cups, as well as natural cotton
beddings and natural bamboo paper products manufactured
without bleach or fluorescents, easing the burden on the
environment.
Additionally, Atour promotes water conservation across its some
1,210 hotels (as of the end of last year) using the dedicated-loop
system for circulating hot water, resulting in a reduction of 12.67
tons of water consumption per room annually.
Atour prioritizes customer experience, introducing innovations
from Atour APLUS services to Late Night Congee to ensure customers
feel at home during their stays. Customers can expect a carefree
experience and peace of mind, thanks to Atour's commitment to
purified indoor air, fire safety, cleanliness, hygiene, and strict
user privacy protection.
Moreover, Atour has reinforced its support for franchisees
through its "Six Commitments to Franchisees" and "Eight Supply
Chain Procurement Commitments," empowering them with a
responsible supply network, rights guarantees, as well as training
on sustainability. For instance, the company vows to address
franchisees' complaints within 48 hours and refund price
differences/offer refunds.
Originating from Yaduo, a remote village in southwestern
China, Atour has consistently
given back to its place of inspiration by encouraging local
villagers to grow tea, fueling economic development and rural
revitalization.
As the report indicates, Atour purchased a cumulative 150 tons
of processed tea leaves worth/for RMB 37
million from the villagers, benefiting some 1,400
households. As part of its charitable engagements, it also donated
a batch of clothes with a value of around RMB 2 million to the needy and supported targeted
poverty alleviation efforts.
In urban areas, Atour contributes to societal well-being by
offering resting places in its Shanghai headquarters for frontline
workers such as couriers, delivery rider, and sanitation
workers during their downtime.
Ten years after its birth, Atour prides itself on creating a
diverse, equitable, and inclusive workplace for its employees.
Currently, over 58% of its 4,248 employees are female, and the
company employs 17 people with physical disabilities and 162
members of ethnic minorities.
On the corporate governance front, Atour has established an ESG
working group tasked to report directly to its Executive Committee.
The ultimate goal is to implement a coherent sustainability
strategy throughout its corporate hierarchy, thereby embedding ESG
concepts into Atour's mission and core values.
Recognizing board diversity as a pillar for sustained growth,
Atour aims to include factors like one's gender, age, culture and
professional background when nominating future board members.
Currently, there are three independent directors and two female
directors on the eight-member board.
In aligning with its strategic vision to boast a network of
2,000 premier hotels by 2025 and deliver the optimum "Chinese
experience," Atour is set to invest more resources and energies in
the realm of ESG.
"Looking ahead, we aim to enhance our sustainable development
initiatives and capacities consistently, turning our original
aspirations of warmth and generosity into increased resilience
through concrete measures," said Mr. Haijun
Wang, founder and CEO of Atour.
"We remain committed to creating an intimate ambience where
people can warmly connect and contributing to a greener ecology and
a kinder, more compassionate society."
About Atour Lifestyle Holdings Limited
Atour Lifestyle Holdings Limited (NASDAQ: ATAT) is a leading
hospitality and lifestyle company in China, with a distinct portfolio of lifestyle
hotel brands. Atour is the leading upper midscale hotel chain in
China and is the first Chinese
hotel chain to develop a scenario-based retail business. Atour is
committed to bringing innovations to China's hospitality industry and building new
lifestyle brands around hotel offerings.
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SOURCE Atour Lifestyle Holdings Limited