ENVIRONMENTAL AND SUSTAINABLE DEVELOPMENT POLICY
Since 2007, Société des Bains de Mer has taken numerous measures in light of its firm commitment to environmental protection. It has signed and implemented 3 sets of Environmental Guidelines. The first set was for 2007-2012; the second set for 2013-2017 was signed on 3 December 2013 and consisted of 39 initiatives all currently in place; and the Société des Bains de Mer has just renewed its commitment with a 3rd set for 2017-2020.
The initiatives taken and currently in place continue to focus on the following concerns:
The Monte-Carlo Société des Bains de Mer Group’s commitment to environmental conservation is even more of a priority today than in the past, and represents an important factor in its development strategy. This commitment carries over into all of the Group’s activities. Many of the Group’s establishments have become certified by several environmental organisations over the past several years, including Green Globe.
In each of the above-mentioned areas, the Monte-Carlo SBM Group is fully engaged in a strategy to meet the objectives it has set. This includes an annual audit carried out by an external third-party organisation in the framework of its social and environmental responsibility and for the financial statements and annual report required at the end of each fiscal year.
The Group’s customers are becoming increasingly aware of environmental issues and interested in the environmental policy successfully implemented by the company under the signature ‘Be Green’. ‘Green’ options are suggested to some customers when booking their stay or organising events on the Group’s premises. They are offered ‘local’ or Mediterranean produce, or even organic produce like that at Monte-Carlo Beach.
The choice made by the Société des Bains de Mer for a number of years to contribute actively to the many commitments made by the Principality of Monaco to the environment, especially the Kyoto Protocol, is being further strengthened by recent targets set by the Principality in its White Paper on energy transition. The challenge now, with regard to climate change, is to reduce our greenhouse gas emissions by 50% by 2030 compared to 1990 levels and to achieve carbon neutrality by 2050.
The Monte-Carlo SBM Group has made these targets its own, and takes them fully into account in its ongoing commitments, areas of business and possible actions.
Reviewing actions in light of these new targets reinforces all of the initiatives already under way in the Group, including those based on certifications reviewed annually.
In April 2014, the Monte-Carlo Bay Hotel & Resort and the Monte-Carlo Beach both attained the international Green Globe certification, subject to a yearly audit. Thermes Marins de Monte-Carlo has also been Green Globe certified since January 2016. The Hôtel Hermitage and Hôtel de Paris are currently working to prepare the way for certification in 2018.
Additionally, the Elsa restaurant at the Monte-Carlo Beach has been certified 100% organic (Ecocert level 3) for several years, which means that the restaurant uses all organic ingredients with full traceability. The Group’s printing press has been certified Imprim’vert for ten years now, since October 2007, ensuring the effective and responsible management of raw materials, paper and waste produced by the printing process.
Certification by external organisations is essential for the Group, as this requires regular checks and verifications on the types of initiatives taken with particular emphasis on effectiveness, and comes with an obligation for continued improvement in the areas addressed. Our strict and rigorous compliance with certification criteria is an important guarantee for third parties, especially the Group’s customers, as pertains to the company's day-to-day business dealings.
Finally, the Monte-Carlo Société des Bains de Mer Group has undertaken significant investment projects and works in compliance with its firm commitment to promoting and protecting the environment. The Villas du Sporting, completed in June 2014, were the Group’s first BREEAM certified projects. Two major projects - the renovation of the Hôtel de Paris and the building of the One Monte-Carlo real estate complex - are also governed by the principles of BREEAM BESPOKE to reduce the environmental footprint of these renovation and construction projects as much as possible by the end of 2018.
For more detailed information on the Société des Bains de Mer’s environmental and sustainable development commitments, please consult the pdf document entitled Environmental Responsibility.