Louis : Sustainability Report 2022

LOUIS PLC

Sustainability Report

For the year ended 31st December 2022

Consolidated Non-Financial Statement

Contents
ABOUT THIS REPORT	3
LETTER FROM THE CHAIRMAN	4
GROUP'S KEY HIGHLIGHTS	5
OUR HISTORY	6
OUR BUSINESS MODEL	8
OUR VISION, PURPOSE AND VALUES	9
OUR APPROACH TO MANAGING OUR PRIORITIES	9
OUR SUSTAINABILITY GOVERNANCE	9
OUR CONTRIBUTION TO THE UN'S SUSTAINABLE DEVELOPMENT GOALS (SDGS)	12
IDENTIFYING, COMMUNICATING AND UNDERSTANDING OUR STAKEHOLDERS	14
MATERIALITY ASSESSMENT	15
OUR SUSTAINABILITY STRATEGY	16
OUR PERFORMANCE	17
ENVIRONMENT	17
Energy Management	17
Waste Management	20
Water Management	22
Biodiversity Protection	23
SOCIETY	26
Health and Safety	26
Training and Education	29
Employment Practices	30
Protection of Human Rights	31
Social Contribution	32
Customer Privacy	33
Responsible Communication	33
GOVERNANCE	36
Corporate Governance Structure- Board of Directors' Committees	36
Procurement Practices	37
Anti-Corruption	37
Additional Information	38
DIRECT ECONOMIC VALUE PRODUCED AND DISPERSED BY LOUIS PLC AS A GROUP FOR 2022	46
DIRECT ECONOMIC VALUE PRODUCED AND DISPERSED BY LOUIS HOTELS TO LOUIS PLC GROUP FOR 2022	46
STANDARDS, CERTIFICATIONS AND AWARDS	47
GRI CONTENT INDEX	50
CONTACT DETAILS	57

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Consolidated Non-Financial Statement

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Consolidated Non-Financial Statement

About this report

According to the Companies Law (Cap. 113), Section 151B, paragraph (1), Public Interest Entities that are parent companies of a large group of companies, and at the consolidated balance sheet date, their average number of employees during the financial year exceeds 500 employees, then their Consolidated Management Report includes non-financial information ("Sustainability Report" or "Non-Financial Statement").

The information presented in this report includes all the operations of Louis Hotels Public Company Ltd ("the Company") in 2022, and disclose information for the below 25 hotels and villas:

	Cyprus		Greece
1.	Louis Paphos Breeze, Paphos	1.	Asterion Suites & Spa, Chania
2.	Louis Phaethon Beach, Paphos	2.	Mykonos Theoxenia
3.	Louis Imperial Beach, Paphos	3.	Once in Mykonos
4.	Louis Ledra Beach, Paphos	4.	Louis Ionian Sun, Corfu
5.	The King Jason Paphos, Paphos	5.	Kerkyra Blue Hotel N' Spa, Corfu

1. The Ivi Mare, Paphos
2. Polis 1907, Polis Chrysochous
3. Sofianna Resort, Paphos
4. Royal Apollonia, Limassol
5. St. Elias Resort, Protaras
6. Althea Kalamies Luxury Villas, Protaras
7. Louis Althea Beach, Protaras
8. Nausicaa Beach Luxury Villas, Protaras
9. Nausicaa Beach, Protaras
10. The King Jason Protaras
11. Louis Infinity Blu, Protaras
12. Chris Le Mare Luxury Villa, Protaras
13. Chris Le Mare Gold Luxury Villa, Protaras
14. Lora Pearl Villa, Protaras
15. Hilton Nicosia

This report discloses information to the extent necessary that assists in understanding the development, performance, position and the impact of their operations, in relation to environmental, social and governance matters. Sustainability refers to the activities of the Group that aim to make a positive contribution to the economy, society, environment and its stakeholders.

We are managing the material issues that arise from the Sustainability report, by applying a precautionary approach, which is implemented through our organizational structure, internal processes and the Sustainability action plans that we focus on. This report has been prepared using the Global Reporting Initiative (GRI) Standards as a guideline.

For the preparation of the consolidated non-financial statements of the Group, management is required to exercise judgment, formulate estimates and assumptions of the Group which affect the data reported. The estimates and underlying assumptions are based on historical experience and a variety of other factors as well, which are reasonable under the circumstances. Actual results may deviate from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis.

The Group presents the Consolidated Non-Financial Statement for the year that ended on 31 December 2022.

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