Business
Host Hotels & Resorts Publishes 2023 Corporate Responsibility Report
Next Generation 2030 Environmental and Social Targets Introduced BETHESDA, Md., Sept. 11, 2023 (GLOBE NEWSWIRE) -- Host Hotels & Resorts, Inc. (NASDAQ: HST)
About this update from Host Hotels & Resorts, Inc.
[{"type":"text","content":"Next Generation 2030 Environmental and Social Targets Introduced\nBETHESDA, Md., Sept. 11, 2023 (GLOBE NEWSWIRE) -- Host Hotels & Resorts, Inc. (NASDAQ: HST) (the “Company”), the nation’s largest lodging real estate investment trust, released its 2023 Corporate Responsibility (CR) Report, which details the Company’s CR program and responsible investment strategy along with its environmental, social and governance (ESG) initiatives, performance, progress and industry-leading accomplishments. Additionally, the 2023 CR Report introduces the next generation environmental and social performance targets for 2030 that will serve as an interim step to achieving the Company’s aspirational vision of becoming net positive by 2050. “We are proud of our CR program accomplishments this past year as we continued to advance our social and employee-related initiatives and further solidified our position as an industry leader in environmental sustainability,” said Mike Lentz, executive vice president, development, design & construction and executive sponsor of the CR program. “As we transform our 2025 environmental and social targets into business as usual, we are looking forward to focusing our ESG efforts and investments toward achieving our new 2030 goals and targets, which are centered around the most impactful areas of our business and reflect the broader reach and influence of our CR program. This next generation of targets will enable us to take even more ambitious steps toward achieving our 2050 vision, while continuing to make a positive impact and create lasting value for our stockholders through investing responsibly in our business, our environment, our people and our communities.” Now in its sixth edition, the 2023 CR Report also features Task Force on Climate-Related Financial Disclosures (TCFD) and Sustainability Accounting Standards Board (SASB) indices as well as an Equal Employment Opportunity (EEO-1) Report, which provides a demographic breakdown of our workforce. Notable ESG achievements highlighted within the Report include: $2.5 billion sustainability-linked credit facility refinancing, maintaining pricing with specific sustainability targets to increase the number of hotels with green building certifications and renewable energy usage620 completed sustainability projects over the past five years representing $135 million in...