Awards
Soneva honored 2023 Terra Carta Seal for leadership in sustainability
Soneva has been honored with the prestigious 2023 Terra Carta Seal by The Sustainable Markets Initiative. The award-winning resort brand, which has properties in the Maldives and Thailand, is built on the foundation that businesses must exist for a greater purpose than shareholder returns. Soneva recognises that luxury travel and the pursuit of rare experiences can co-exist with a deep care for the earth, the environment and its people, and continually strives to raise the benchmark for responsible tourism.
The Terra Carta Seal is awarded to companies that have demonstrated the success of a high-impact, large scale company-wide project, initiative or strategy which aligns with one or more of the Sustainable Markets Initiative’s ten Terra Carta Articles. The Articles underpin the Terra Carta, the Sustainable Markets Initiative’s guiding mandate which provides a roadmap and framework to accelerate the transition to an ambitious and sustainable future, placing Nature, People and Planet at the heart of global value creation.
The winners were selected by a panel of global experts from the environmental, business, political and philanthropic worlds. Designed by Sir Jony Ive, the Terra Carta Seal was launched in 2021 at COP26 by His Majesty King Charles III when he was the Prince of Wales. Since its inception, the Sustainable Markets Initiative has awarded its coveted Seal to just 83 companies globally.
“The Sustainable Markets Initiative’s Terra Carta Seal recognises those companies which are taking great strides in delivering real-world outcomes to create a more positive future that we can all embrace. The calibre of the projects and initiatives being driven by these companies sets the standard for us all as we push forward to a more sustainable future.
Jennifer Jordan-Saifi, CEO, Sustainable Markets Initiative, said:
“The Sustainable Markets Initiative’s Terra Carta Seal recognises those companies which are taking great strides in delivering real-world outcomes. As we stand on the eve of COP28, public, private sector and philanthropic actors will come together at the inaugural Business and Philanthropy Climate Forum to bridge the gap between ambition and action. It is examples exemplified by the 2023 Terra Carta Seal winners that are helping to inspire and lead the way.”
Recognised for its remarkable sustainability efforts, Soneva is the only hotel brand among a select group of large global organisations that received a 2023 Terra Carta Seal. Other companies who received the 2023 Terra Carta Seal include Airbus, Carbon Clean, CDPQ, DLA Piper, EY, Haier Smart Home, Hitachi, LanzaTech, Novartis, Orange, Ping An Bank, Pollination, ReNew, Robertson, Siemens Energy, and Sumitomo Mitsui Financial Group, Inc.
While there is currently no industry standard for environmental and social reporting, Soneva developed its own Total Impact Assessment (TIA) methodology in-house which includes measuring its Environmental Profit and Loss (EP&L) and improving year-on-year. By taking a ‘planetary boundaries’ view of its social and environmental impact, the TIA assesses the impact from sources over which Soneva has both direct and indirect control, including natural capital, human capital, social capital, economic capital and tax.
“Soneva is honoured to be awarded the prestigious 2023 Terra Carta Seal. We are dedicated to leading the way in responsible tourism and championing the transformative power of travel and tourism in global conservation efforts. Soneva resorts have been carbon neutral since 2012. We recently invested USD 9 million in 4.5MWp solar PV and 4.5MWh of battery storage at Soneva Fushi and Soneva Jani that will take us to 50% of electricity from renewable energy.
“We also have a mandatory 2% environmental levy on all stays. The proceeds go to the non-profit Soneva Foundation, which helps offset both direct and indirect carbon emissions from our resort activities as well as guest flights, while also supporting impactful global projects such as forest restoration efforts in Mozambique and Thailand, coral restoration in the Maldives, reintroducing near-extinct hornbills to Thailand’s Koh Kood island, distributing fuel-efficient cook stoves in Myanmar and more,” said Arnfinn Oines, Social & Environmental Conscience, Soneva.
Action
Maldives’ Dhigurah ranked among world’s 10 most valuable beaches
Dhigurah in Alifu Dhaalu Atoll has been ranked among the world’s 10 most valuable holiday beaches, with its stretch of sand assigned an estimated value of MVR 2.9 billion (€162.7 million) in a study by luxury villa holiday specialist CV Villas.
The island placed eighth in the global ranking, ahead of Seven Mile Beach in the Cayman Islands and Copacabana in Rio de Janeiro, Brazil.
The study calculated the hypothetical cost of owning some of the world’s best-known beaches by valuing the sand as coastal land. The figures do not represent sale prices or suggest that the beaches are available for private purchase.
Dhigurah was the only Maldivian beach included in the global top 15. Known for its long sandbank and proximity to whale shark habitats in South Ari Atoll, the inhabited island has become a destination for guesthouse tourism, diving and marine excursions.
Florida’s Siesta Beach topped the global ranking with an estimated value of €1.08 billion, followed by Pampelonne Beach in France at €843 million and Praia da Falésia in Portugal at €573.2 million.
Grace Bay in the Turks and Caicos Islands was ranked fourth at €376.4 million, while Bondi Beach in Sydney completed the top five with an estimated value of €365 million.
Hannah Marshall, luxury travel destination expert and marketing manager at CV Villas, said the research highlighted the role of location in determining coastal land values.
“Everyone has a beach that means something to them, so there’s something fun about seeing what those stretches of sand might be ‘worth’ if you valued them like the land behind them,” Marshall said.
“What comes through is how much location drives the figure: a beach in St-Tropez or on Siesta Key carries a value that a quieter shore — even just as beautiful — simply won’t.”
While Siesta Beach had the highest total estimated value, The Baths on Virgin Gorda in the British Virgin Islands recorded the highest value per square metre, at €8,846. Princess Diana Beach in Barbuda was the most affordable beach assessed, at approximately €199 per square metre.
Awards
.Here Baa Atoll receives Forbes VERIFIED™ Responsible Hospitality recognition
.Here Baa Atoll has been awarded the prestigious Forbes Travel Guide VERIFIED™ Responsible Hospitality recognition, affirming the resort’s commitment to responsible luxury and its dedication to delivering exceptional guest experiences while embracing sustainable and ethical hospitality practices.
Developed by Forbes Travel Guide, the global authority on luxury hospitality, the VERIFIED™ Responsible Hospitality programme recognises hotels and resorts that demonstrate a comprehensive commitment to environmental stewardship, community engagement, employee wellbeing and responsible operational practices. The recognition is awarded following an independent assessment of more than 100 standards designed specifically for the luxury hospitality sector.
Located within the UNESCO Biosphere Reserve of Baa Atoll, .Here Baa Atoll has been conceived around the philosophy of The Art of Duality—bringing together immersive luxury and a profound respect for the natural world. Across its two private islands connected by a pristine sandbank, the resort integrates thoughtful design, personalised experiences and responsible practices that aim to preserve the destination for generations to come.
The recognition reflects the resort’s ongoing efforts to minimise its environmental impact while creating meaningful experiences that connect guests with the unique marine ecosystem and cultural heritage of the Maldives. Through responsible resource management, conservation initiatives, local partnerships and a continued focus on guest and team wellbeing, .Here Baa Atoll strives to demonstrate that exceptional luxury and responsible hospitality can exist in harmony.
“This recognition represents an important milestone for .Here Baa Atoll and reflects the collective commitment of our team to creating experiences that are both meaningful and mindful,” said Elina Adiyan, Resident Manager of .Here Baa Atoll. “Responsible hospitality is embedded in every aspect of the guest journey, from the way we design experiences to how we care for our people, our community and the remarkable environment that surrounds us. We are honoured to be recognised by Forbes Travel Guide for this commitment.”
As global travellers increasingly seek destinations that align with their values, the Forbes Travel Guide VERIFIED™ Responsible Hospitality recognition reinforces .Here Baa Atoll’s position among the world’s leading ultra-luxury resorts, offering guests the confidence that their stay supports a property committed to responsible operations without compromising on service, comfort or exclusivity.
The achievement marks another significant milestone for the resort as it continues to establish itself as one of the Maldives’ most distinctive luxury destinations, where contemporary design, personalised hospitality and a deep respect for nature come together to create extraordinary experiences.
To learn more about .Here Baa Atoll, visit www.here-maldives.com.
Awards
RAAYA by Atmosphere recognised at International Sustainability Awards 2026
RAAYA by Atmosphere has announced its recognition as a winner at the International Sustainability Awards 2026, celebrating the resort’s commitment to responsible hospitality and environmental stewardship.
At the heart of the award is RAAYA by Atmosphere’s on-site composting programme, introduced in April 2024. All wet organic waste, including fruit and vegetable scraps, coffee grounds and eggshells, is processed on the island and converted into nutrient-rich compost for landscaping. Garden waste such as leaves, grass cuttings and plant trimmings is also composted instead of being discarded.
Today, approximately 600 kilograms of organic waste is converted into compost each month, with no food waste leaving the island. This has reduced the need for off-island transportation and disposal, saving approximately USD 2,400 each month while lowering the emissions associated with waste transfers. Most of RAAYA by Atmosphere’s waste is now sorted and managed in-house, with a garbage transfer vessel required only once every two months to transport recyclable materials.

Commenting on the achievement, Mario Stanic, General Manager of RAAYA by Atmosphere, said, “We are truly honoured to receive this recognition at the International Sustainability Awards 2026. Sustainability is deeply embedded in our vision and guides every decision we make, from protecting our natural surroundings and embracing responsible operations to creating meaningful experiences for our guests. This award is a testament to the passion and commitment of our entire team, whose dedication enables us to make a lasting positive impact while delivering exceptional Maldivian hospitality.”
The initiative is part of a wider commitment to sustainability across RAAYA’s operations. The resort’s solar power production increased from 382,856 kWh in 2024 to 1,541,286 kWh in 2025. Solar energy now accounts for 21% of the island’s total energy needs, up from 8% the previous year. The resulting reduction in carbon emissions nearly doubled, rising from 541 metric tonnes to 1,097 metric tonnes.

As a Green Globe Certified resort, RAAYA by Atmosphere continues to build on this progress through responsible waste management and resource conservation. Future plans include introducing a glass crusher to repurpose waste glass for construction and a green waste shredder to strengthen the island’s circular waste-management system.
The award recognises a team effort that turns everyday operational decisions into measurable results. For RAAYA by Atmosphere, sustainability is a part of the island experience, in how the island operates, grows and protects its natural environment.
RAAYA by Atmosphere is a 167-key private island resort in the pristine Raa Atoll, offering a distinctive blend of adventure, creativity and authentic Maldivian hospitality. The exclusive RAAYA Plan™ seamlessly blends the stay with the finest world cuisine, premium beverages, spa and wellness therapies, ocean experiences and curated artistic interludes. Balancing indulgence and relaxation with an engaging island lifestyle that encourages outdoor fun, nature exploration and immersive experiences for couples, families, and friends alike.
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