alila - Overview of IFC's scope of review The Environmental...

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Overview of IFC's scope of review The Environmental & Social (E&S) review of KS Group (“KS”, “the Group” or  the “Sponsor”) involved investigating compliance with IFC’s Performance  Standards and national regulatory standards of hotels owned by the Group  and of relevant hotel operators. The review included assessment of the hotels’  environmental and social management system (ESMS), and their ability to  ensure and monitor E&S performance in their operations. The review relied on  documents made available by KS and interviews conducted by IFC staff  during site visits (13-16 April, 2009) to existing or proposed hotel facilities  located in Siem Reap, Cambodia and Luang Prabang, Laos PDR. During the  visit IFC staff met key management and operational personnel. Project description KS is a Thailand-based group with a core business of assembly  and distribution of Honda motorcycles and parts in Laos, Cambodia, and  Vietnam. The Group diversified and entered the luxury hotel business by  developing  Alila   Cha - Am  in Thailand that opened in 2008, and subsequently  acquired stakes in two existing luxury hotels, Hotel De La Paix in Siem Reap,  Cambodia and Hotel 3 Nagas in Luang Prabang, Laos. This project involves an IFC loan to develop a 5-star hotel in Luang Prabang,  Laos -  Alila  Luang Prabang. It will be managed by the  Alila  Hotel & Resorts  Group ( Alila ), a hotel management company.  Potentially two other 4-star hotels may also be developed in the Mekong  region as part of this project. If confirmed, supplementary appraisals will be  required. KS Group will be the owner of the proposed hotel assets. It does not directly  operate hotels and contracts with professional hotel management companies  (“operators”) such as  Alila  for day-to-day operations of its properties.  Alila  is  focused on environmental stewardship and some of its managed properties  such as  Alila  Villas Hadahaa Maldives are benchmarked and certified against  the Green Globe industry standard.
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Identified applicable performance standards While all Performance Standards are applicable to this investment, IFC’s environmental and  social due diligence indicates that the investment will have impacts which must be managed  in a manner consistent with the following Performance Standards: - PS1: Social and Environmental Assessment and Management System; - PS2: Labor and Working Conditions; - PS3: Pollution Prevention and Abatement; - PS4: Community Health, Safety & Security; - PS5: Land Acquisition and Involuntary Resettlement; - PS8: Cultural Heritage
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