Environment, Social and Governance
Curating world-class entertainment experiences and the ultimate luxury lifestyle experiences, FIVE Holdings recognizes that the fate of the planet and its business hinges on responsible environmental stewardship. Rooted in its millennial-driven core, FIVE Holdings aligns with the rising generation to pioneer “Sustainable Indulgence”—the guiding ethos that shapes our strategy and decisions, harmonizing sustainability into all corners of the business and trailblazing high-energy entertainment and luxury within an environmentally and socially responsible framework.
Embracing a “do more with less” mindset and investing in cutting-edge climate-conscious technologies to optimize energy, water, and waste while advancing decarbonization, FIVE Holdings has uncovered the symbiotic synergy between financial strength and sustainable strategy—exemplified by our Global Sustainable Entertainment Ecosystem as FIVE’s core business model. Today, leadership has transparently committed to weaving sustainability into the fabric of the business, broader strategic vision, and operational model, achieving EBITDA and ESG alignment through goal congruence where carbon reduction and cost savings converge for enduring value.
This philosophy unites customers, employees, and shareholders around financially strategic, holistic sustainability initiatives, ensuring long-term business continuity. To realize these aspirations, every day sharpens focus on elevating the company’s sustainability performance through operational excellence—a cultural mission at heart. FIVE Holdings nurtures Sustainability Champions, empowering colleagues to unlock carbon reductions and cost efficiencies by refining processes across the board.
Extending beyond our resorts, FIVE Holdings deepens engagement with supply chain partners, a vital lever for sustained progress and impact. Recognizing no business thrives in isolation, we cultivate robust wellbeing programs for employees while rooting deeply into local and global communities, amplifying social and environmental action for collective good.
Prioritizing influence and collaboration within our value chain remains foundational to FIVE Holdings’ enduring contributions toward a more sustainable world. With the establishment of our board-level Sustainability Committee, we are accelerating maturity and growth, charting the next chapter of our corporate journey with renewed purpose.
F-I-V-E Sustainability Policy Framework
Future:
- Enhancing the energy, water and resource efficiency of operations
- Reducing emissions and managing climate related risk and opportunities
- Evolving systems to support digitalization, artificial Intelligence, and automation
Innovation:
- Integration of sustainability into corporate governance
- Sustainable procurement and supply chain management
Value Chain:
- A positive community impact and relationships
- Innovate to address social and environmental challenges
- Setting high environmental and social standards in supply chain
Equality:
- Inspiring Intrapreneurship by encouraging new ideas and initiatives
- Improving employee welfare
- Ensuring equality, diversity and inclusion
FIVE Holdings is proud to state that its facilities are LEED Platinum Certified reflecting the world’s highest standard for Healthy, Efficient, Carbon and Cost-Saving Green Buildings. Its new projects undergo Design, Testing and Commissioning alongside special contractors to embed LEED Gold or Higher standards, registering with the US Green Building Council. In 2022, FIVE Holdings was the first hotel group in the world to be certified by SPIRE for its Smart Building Performance, Life and Property Safety ensuring Holistic Sustainability. FIVE has also become the first hotel in Switzerland to earn LEED Platinum building certification, Pacha Hotel under The Pacha Group has become the first and only hotel in Ibiza to receive LEED Platinum certification and Pacha Ibiza nightclub has achieved a groundbreaking milestone as the world’s first and only LEED Platinum-certified nightclub.
FIVE HOLDINGS’ ISS ESG RATING
FIVE Holdings has earned the world’s top ESG rating as the first company ever to achieve an ‘A’ grade across all sectors from the global rating agency ISS. ISS’s ESG program assigns scores from ‘D-‘ to ‘A+’, benchmarking companies rigorously against industry peers.
Before FIVE Holdings’ milestone, the leisure sector—its home turf—peaked at a ‘B’ rating, held by just one hotel globally. With this ‘A’ score, FIVE Holdings also claims ‘Prime Status’ in the sector, awarded for exceeding ambitious absolute performance benchmarks.
ISS’s rigorous evaluation scrutinized over 100 criteria spanning Environmental, Social, and Governance pillars, delving into subcategories like policies, commitments, strategies, implemented measures, and verified data for a nuanced assessment.
This ‘A’ rating affirms FIVE Holdings’ holistic sustainability strategy—not a narrow tactic, but a thriving ecosystem woven through every business facet. Its dedication shines in day-to-day operations, supply chain partnerships, and community ties alike.
At FIVE Hotels and Resorts, slashing our carbon footprint is a core pledge. Both FIVE Palm Jumeirah and FIVE Jumeirah Village have secured the International REC standard for renewable energy, powering all electricity consumption with green sources since 2022. This blueprint has expanded worldwide, delivering 100% clean power to every property under FIVE Holdings.
Powered exclusively by 100% green energy, including solar, this shift sharply curtails dependence on conventional fuels. It safeguards the planet for generations to come and mirrors FIVE Holdings’ ethos of delivering eco-responsible, guilt-free luxury travel.
The International REC certificate celebrates FIVE Holdings’ steadfast pursuit of renewable energy and environmental stewardship, signaling a sustained drive to lessen our ecological footprint moving forward.
Today, FIVE Zurich runs on 100% wind power, while The Pacha Group draws from 100% renewable electricity via hybrid sources.
SPIRE Rating FIVE Palm Jumeirah.pdf
SPIRE Rating FIVE Jumeirah Village.pdf
LEED Platinum Certificate FIVE Palm Jumeirah.pdf
LEED Platinum Certificate FIVE Jumeirah Village.pdf
LEED Platinum Certificate FIVE Zurich.pdf
FIVE Hotels and Resorts is committed to sustainability and reducing its carbon footprint. Both FIVE Palm Jumeirah and FIVE Jumeirah Village hotels have achieved the International REC standard for renewable energy, ensuring that all electricity consumption since 2022 is green and sustainable. This model has since scaled globally, with all properties under FIVE Holdings operating on 100% clean power.
This commitment is demonstrated through the exclusive use of 100% green solar energy, significantly reducing reliance on traditional energy sources. These efforts help preserve the planet for future generations and align with FIVE Holdings’ vision of offering guests a sustainable and responsible travel experience.
The International REC certificate honours FIVE Holdings’ dedication to renewable energy and environmental sustainability, underscoring an ongoing commitment to reducing environmental impact in the years ahead.
Today, FIVE Zurich operates with 100% wind power and The Pacha Group operates with 100% renewable electricity, originating from hybrid sources.
IREC Certificate FIVE Palm Jumeirah.pdf
IREC Certificate FIVE Jumeirah Village.pdf
FIVE Holdings is certified to ISO standards across all its operating hotels
ISO – 22000:2018-FIVE Palm Jumeirah.pdf
ISO – 22000:2018-FIVE Jumeirah Village.pdf
FIVE Sustainability Policy.pdf
FIVE Green Finance Framework.pdf
FIVE ISS Second Party Opinion (SPO).pdf
PACHA FOUNDATION UNVEILS 2025 PLAN WITH RECORD BUDGET
Delivering unprecedented Social and Environmental Impact across Ibiza
The Pacha Foundation, a pillar of Ibiza’s community, announces its 2025 plan, supported by a record budget reflecting a 430% funding increase since FIVE Holdings’ acquisition in 2023.
In 2025, the Foundation expands its impact through programs focused on social well-being, cultural heritage, athletic resilience, and environmental stewardship. It supports healthcare access and community welfare, promotes music, art, and media initiatives, funds international sporting events and youth programs, champions leading biodiversity and reforestation efforts on land and sea, and stands as a founding member of Ibiza’s leading Mediterranean resilience forums.
Founded in 2018 as a private non-profit, the Pacha Foundation builds on the Pacha Group’s legacy of social welfare. Guided by its mission of solidarity, resilience, and excellence, it drives community-focused initiatives. Since the 2023 acquisition by FIVE Holdings, President Kabir Mulchandani has led the Foundation’s 2025 plans, scaling its commitment across Ibiza.
Among the over thirty-five initiatives approved in 2025, The Foundation prepares to host musical events at Ibiza’s port and Vara de Rey to celebrate local culture and engage communities. Environmental efforts, led by Mulchandani, include regenerative greening efforts across Ibiza’s urban spaces, youth programs for marine conservation, smart recycling points across the city, and sponsorship of the Balearic Islands’ largest environmental forums. Healthcare grants support programs for at-risk children and families, addressing a range of services needed to promote inclusivity and rehabilitation. As part of its commitment to athletic development, the Foundation backs community centers, youth clubs, and emerging athletes, while sponsoring international events including marathons and cycling races across Ibiza.
The Foundation’s board, led by President Kabir Mulchandani and including Managing Directors Josep Antoni Escandell and Mashenka Anand, with Trustees Alba Pau and Maria Luisa Cava de Llanos provides strategic oversight.
“The Pacha Foundation is committed to fostering a vibrant, resilient Ibiza, where community, culture, and conservation thrive together,” says Kabir Mulchandani, President of the Pacha Foundation. “This 2025 plan reflects our dedication to strengthening the island’s legacy for future generations.”
