Howard Hughes Earns Top Ranking by GRESB for Proven Commitment to Sustainability and Industry Leadership Across National Portfolio
Howard Hughes Holdings Inc. (NYSE: HHH) has achieved the top ranking in its peer group of Americas Diversified Listed real estate companies by the Global Real Estate Sustainability Benchmark (GRESB) for 2024. This recognition is part of the GRESB Real Estate Assessment's Standing Investments Benchmark, which evaluates performance indicators such as risk management, energy consumption, water use, and stakeholder engagement.
The company's commitment to sustainability is further evidenced by its recent validation of near-term emissions reduction targets by the Science Based Targets initiative (SBTi). Howard Hughes has set targets to reduce Scope 1, 2, and 3 emissions across its business segments, aligning with the Paris Agreement's goal to limit global warming to 1.5°C.
Notable achievements include a 25% reduction in water intensity and a 20% reduction in energy-related emissions across the Howard Hughes portfolio from 2022 to 2023. These efforts demonstrate the company's dedication to responsible development and environmental stewardship in its national portfolio of communities.
Howard Hughes Holdings Inc. (NYSE: HHH) ha raggiunto il primo posto nel suo gruppo di pari tra le aziende immobiliari americane diversificate quotate, secondo il Global Real Estate Sustainability Benchmark (GRESB) per il 2024. Questo riconoscimento fa parte del Benchmark degli Investimenti in Corso della Valutazione Immobiliare GRESB, che valuta indicatori di performance come la gestione del rischio, il consumo energetico, l'uso dell'acqua e il coinvolgimento degli stakeholder.
Il impegno dell'azienda verso la sostenibilità è ulteriormente dimostrato dalla recente validazione degli obiettivi di riduzione delle emissioni a breve termine dell'Science Based Targets initiative (SBTi). Howard Hughes ha fissato obiettivi per ridurre le emissioni di Scopo 1, 2 e 3 in tutti i segmenti aziendali, in linea con l'obiettivo dell'Accordo di Parigi di limitare il riscaldamento globale a 1,5°C.
Le realizzazioni significative includono una riduzione del 25% dell'intensità idrica e una riduzione del 20% delle emissioni legate all'energia nel portafoglio di Howard Hughes dal 2022 al 2023. Questi sforzi dimostrano la dedizione dell'azienda allo sviluppo responsabile e alla gestione ambientale nel suo portafoglio nazionale di comunità.
Howard Hughes Holdings Inc. (NYSE: HHH) ha logrado el primer lugar en su grupo de pares dentro de las empresas de bienes raíces diversificados de América, según el Global Real Estate Sustainability Benchmark (GRESB) para 2024. Este reconocimiento es parte del Benchmark de Inversiones en Curso de la Evaluación Inmobiliaria de GRESB, que evalúa indicadores de rendimiento como la gestión del riesgo, el consumo de energía, el uso del agua y la participación de las partes interesadas.
El compromiso de la empresa con la sostenibilidad se evidencia aún más por la reciente validación de los objetivos de reducción de emisiones a corto plazo por parte de la Science Based Targets initiative (SBTi). Howard Hughes ha establecido objetivos para reducir las emisiones de Alcance 1, 2 y 3 en todos sus segmentos comerciales, alineándose con el objetivo del Acuerdo de París de limitar el calentamiento global a 1.5°C.
Los logros notables incluyen una reducción del 25% en la intensidad del agua y una reducción del 20% en las emisiones relacionadas con la energía en el portafolio de Howard Hughes desde 2022 hasta 2023. Estos esfuerzos demuestran la dedicación de la empresa al desarrollo responsable y la gestión ambiental en su portafolio nacional de comunidades.
하워드 휴즈 홀딩스 주식회사 (NYSE: HHH)는 글로벌 부동산 지속 가능성 벤치마크 (GRESB)에 의해 2024년 아메리카스 다양화 상장 부동산 회사들 중에서 1위로 평가받았습니다. 이 인정은 GRESB 부동산 평가의 진행 중인 투자 벤치마크의 일환으로, 위험 관리, 에너지 소비, 물 사용 및 이해관계자 참여와 같은 성과 지표들을 평가합니다.
회사의 지속 가능성에 대한 헌신은 과학기반 목표 이니셔티브 (SBTi)에 의해 최근 검증된 단기 배출 감소 목표에서도 잘 드러납니다. 하워드 휴즈는 파리 협정의 목표인 지구 온난화를 1.5°C로 제한하기 위해, 사업 부문 전반에 걸쳐 범위 1, 2, 3의 배출량을 줄이기 위한 목표를 설정했습니다.
주목할만한 성과로는 2022년부터 2023년까지 하워드 휴즈 포트폴리오에서 물의 강도 25% 감소와 에너지 관련 배출량 20% 감소가 있습니다. 이러한 노력은 책임 있는 개발 및 환경 관리에 대한 회사의 헌신을 보여줍니다.
Howard Hughes Holdings Inc. (NYSE: HHH) a atteint la première place dans son groupe de pairs parmi les entreprises immobilières diversifiées listées en Amérique, selon le Global Real Estate Sustainability Benchmark (GRESB) pour 2024. Cette reconnaissance fait partie du Benchmark des Investissements en Cours de l'Évaluation Immobilier GRESB, qui évalue des indicateurs de performance tels que la gestion des risques, la consommation d'énergie, l'utilisation de l'eau et l'engagement des parties prenantes.
L'engagement de l'entreprise envers la durabilité se traduit également par la récente validation des objectifs de réduction des émissions à court terme par l'initiative Science Based Targets (SBTi). Howard Hughes a fixé des objectifs pour réduire les émissions des champs 1, 2 et 3 dans tous ses segments d'activité, en ligne avec l'objectif de l'Accord de Paris de limiter le réchauffement climatique à 1,5 °C.
Les réalisations notables comprennent une réduction de 25 % de l'intensité en eau et une réduction de 20 % des émissions liées à l'énergie dans le portefeuille de Howard Hughes entre 2022 et 2023. Ces efforts démontrent le dévouement de l'entreprise au développement responsable et à la gestion environnementale dans son portefeuille national de communautés.
Howard Hughes Holdings Inc. (NYSE: HHH) hat den ersten Platz in seiner Gruppe von gleichgestellten Unternehmen im Bereich der diversifizierten gelisteten Immobilienfirmen in Amerika gemäß dem Global Real Estate Sustainability Benchmark (GRESB) für 2024 erreicht. Diese Anerkennung ist Teil des Standings-Investments-Benchmarks der GRESB Immobilienbewertung, das Leistungsindikatoren wie Risikomanagement, Energieverbrauch, Wasserverbrauch und Stakeholder-Engagement bewertet.
Das Engagement des Unternehmens für Nachhaltigkeit zeigt sich auch in der kürzlichen Validierung von kurzfristen Emissionsreduktionszielen durch die Science Based Targets Initiative (SBTi). Howard Hughes hat sich Ziele gesetzt, um die Emissionen der Bereiche 1, 2 und 3 über alle Geschäftssegmente hinweg zu reduzieren, und orientiert sich dabei am Ziel des Pariser Abkommens, die globale Erwärmung auf 1,5 °C zu begrenzen.
Bemerkenswerte Erfolge umfassen eine 25%ige Reduzierung der Wasserintensität und eine 20%ige Reduzierung der energierelevanten Emissionen im Portfolio von Howard Hughes von 2022 bis 2023. Diese Bemühungen zeigen das Engagement des Unternehmens für verantwortungsvolle Entwicklung und Umweltbewusstsein in seinem nationalen Portfolio von Gemeinschaften.
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Company’s Latest Communities Report Details Commitment to Responsible Development
THE WOODLANDS, Texas, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Howard Hughes Holdings Inc. (NYSE: HHH) announced today it has once again earned the top ranking in its peer group of Americas Diversified Listed real estate companies by the Global Real Estate Sustainability Benchmark (GRESB). The ranking is part of the 2024 GRESB Real Estate Assessment's Standing Investments Benchmark. The comprehensive actions that helped secure these rankings are detailed in the company’s recent Communities Report and reinforce advancements made across the national portfolio of acclaimed Howard Hughes communities.
Each year, GRESB assesses and benchmarks the performance of assets worldwide, providing clarity and insights to financial markets on complex sustainability topics. The assessments are aligned with international reporting frameworks, goals, and emerging regulations and rankings are determined based on a combination of performance indicators, including risk management, energy consumption, water use, and stakeholder engagement.
“Howard Hughes is committed to building communities that provide an exceptional quality of life deeply rooted in a respect for our natural environment,” said David O'Reilly, Chief Executive Officer of Howard Hughes. “The recent recognition by GRESB is a powerful endorsement of our strategy, our commitment to responsible development, and our work to date.”
Earlier this year, Howard Hughes joined a select group of real estate companies, leading the industry as they received validation of near-term emissions reduction targets by the Science Based Targets initiative (SBTi), the company received validation for three separate near-term targets, committing to reduce Scope 1, Scope 2, and Scope 3 emissions across its business segments. The targets are aligned with the Paris Agreement to limit global warming to 1.5°C and will guide the company’s decarbonization efforts across all strategic developments, operating assets, and regions. This validation underscores a thoughtful, informed approach to sustainability that, along with its recent GRESB score, continues to set Howard Hughes apart in the industry.
“Howard Hughes is dedicated to finding new ways to innovate, manage, and benchmark our performance as we accelerate progress,” Gautami Palanki, Senior Vice President of Sustainability Strategy of Howard Hughes, added. “From 2022 to 2023, we reduced water intensity by more than
Details related to Howard Hughes’ commitment to sustainability can be found here in the Company’s 2023 Communities Report.
About Howard Hughes Holdings Inc.
Howard Hughes Holdings Inc. owns, manages, and develops commercial, residential, and mixed-use real estate throughout the U.S. Its award-winning assets include the country's preeminent portfolio of master planned communities, as well as operating properties and development opportunities including Downtown Columbia® in Maryland; The Woodlands®, Bridgeland® and The Woodlands Hills® in the Greater Houston, Texas area; Summerlin® in Las Vegas; Ward Village® in Honolulu, Hawaiʻi; and Teravalis™ in the Greater Phoenix, Arizona area. The Howard Hughes portfolio is strategically positioned to meet and accelerate development based on market demand, resulting in one of the strongest real estate platforms in the country. Dedicated to innovative placemaking, the company is recognized for its ongoing commitment to design excellence and to the cultural life of its communities. Howard Hughes Holdings Inc. is traded on the New York Stock Exchange as HHH. For additional information visit www.howardhughes.com.
Safe Harbor Statement
Statements made in this press release that are not historical facts, including statements accompanied by words such as "will," "believe," "expect," "enables," "realize," "plan," "intend," "assume," "transform" and other words of similar expression, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's expectations, estimates, assumptions, and projections as of the date of this release and are not guarantees of future performance. Actual results may differ materially from those expressed or implied in these statements. Factors that could cause actual results to differ materially are set forth as risk factors in filings made by Howard Hughes Holdings Inc. with the Securities and Exchange Commission, including its Quarterly and Annual Reports. Howard Hughes Holdings Inc. cautions you not to place undue reliance on the forward-looking statements contained in this release. Howard Hughes Holdings Inc. does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the date of this release.
Media Contact
Cristina Carlson, 646-822-6910
SVP, Head of Corporate Communications, Howard Hughes
cristina.carlson@howardhughes.com
Investor Relations Contact
Eric Holcomb, 281-475-2144
SVP, Investor Relations
eric.holcomb@howardhughes.com
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