Business Chief ME+AFRICA Magazine November 2023 | Page 69

FIVE-STAR GREEN CREDENTIALS
FIVE Holdings has issued a US $ 350 million green bond with Nasdaq Dubai , underlining the hospitality group ’ s commitment to sustainable finance and leadership in ESG .
“ FIVE ’ s first Green Bond Listing on Nasdaq Dubai is an extremely proud moment for me personally , and for the 1,500 FIVE Tribe Members of 80 + nationalities whose dedicated pursuit of ‘ Sustainable Indulgence ’ have resulted in this historic moment for our homegrown brand ,” Aloki tells Business Chief .
FIVE Hotels & Resorts are among the top-rated ‘ smart and sustainable ’ hotels in the world and the first in the UAE to receive International Renewable Energy Certificates ( I-REC ), ensuring 100 % renewable electricity .
Not only that , but FIVE has secured a completely LEED Platinum hospitality portfolio . While FIVE Palm Jumeirah is the only SPIRE Smart Building rated hotel in the world , FIVE Zurich is the only Leed Platinum hotel in Switzerland and claims the secondhighest score ( 84 points ) in the world .
FIVE is the only company to receive an ‘ A ’ rating for ESG within the ISS Corporate Rating universe among 10,000 + companies .
FIVE ’ s governance practices , evaluated as part of its world-leading ESG rating , achieved ‘ A +’ for Code of Business Ethics and ‘ A +’ for Compliance Procedures – the highest marks possible . businesschief . com 69