WILLIAM E. HEINECKE
Chairman and chief executive of Minor International Plc
Mr Heinecke was initially impressed with the late King’s commitment to sufficiency and sustainability.
“Globally we are experiencing changing times and I think this highlights that the late King’s sustainability concepts are completely relevant,” he said.
“Sufficiency and sustainability are taking on greater importance given the rapid economic, social, geopolitical, technological and climate change factors that we are experiencing.”
Mr Heinecke believes companies need to be aware of their impact on all stakeholders and how a collaborative approach can result in a positive impact for all.
For a company to be truly sustainable, it needs to ensure it can be self-sufficient, with nimble management in reaction to external factors, he said.
Inspired by the late King’s philosophy, Minor has adopted sustainability as part of its business ethos.
“Sustainability is included in our five-year strategy, which underpins all aspects of our business and incorporates our company’s vision and core values,” said Mr Heinecke.
“Under our sustainability framework, we have worked on many initiatives such as human resource development for students, sustainable sourcing, and management of environmental impacts.”
A 2,800-square-metre rooftop hydroponic garden at Anantara Riverside Bangkok is one of many examples of the company’s initiatives. The hotel partners with Bangsai Agricultural Centre to harvest Asian and Western fresh produce to serve hotel guests.
“This reduces cost, gives us sustainable supplies of safe, high-quality vegetables, and reduces the impact on the environment. There are similar initiatives such as hydroponic gardens, herb gardens, and other [projects] in other hotels,” he said.
Mr Heinecke agrees with the late King’s philosophy that business conduct is not solely about making money, but also doing good for society.