Host Hotels & Resorts Publishes 2022 Corporate Responsibility (CR) Report and Introduces 2050 CR Vision

Rhea-AI Summary

Host Hotels & Resorts, Inc. (NASDAQ: HST) has released its 2022 Corporate Responsibility Report, detailing its sustainability efforts and ESG metrics. The report highlights significant strides in diversity and environmental initiatives, aiming for a net positive status by 2050. Key achievements include a third green bond issuance totaling $1.85 billion for sustainability projects, installation of 90+ EV chargers across properties, and support for over 166 charities. The report emphasizes Host's commitment to responsible investment and social responsibility.

Positive

• Invested $1.85 billion through green bonds for sustainability projects.
• Achieved notable environmental milestones, including emissions reduction targets.
• Launched diversity, equity, inclusion, and belonging programs.

Negative

• None.

BETHESDA, Md., Sept. 14, 2022 (GLOBE NEWSWIRE) -- Host Hotels & Resorts, Inc. (NASDAQ: HST), the nation’s largest lodging real estate investment trust (the “Company”), released its 2022 Corporate Responsibility (CR) Report, which details the Company’s CR program and responsible investment strategy along with its environmental, social and governance (ESG) performance, progress and industry-leading accomplishments. Additionally, the 2022 CR Report introduces the framework for the Company’s 2050 CR vision.

“It was a milestone year for Host’s social initiatives—especially our commitment to diversity, equity, inclusion and belonging—and we continued to lead on the environmental front,” said Joanne Hamilton, executive vice president of human resources and corporate responsibility. “While we continue to make significant progress toward our social and environmental targets, we are looking beyond 2025 and taking steps for Host to contribute to a more sustainable world. We are excited to share our 2050 aspiration of becoming a net positive company, along with our progress across business and society-critical issues.”

Now in its fifth edition, the 2022 CR Report also features expanded 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:

• Continued investments in sustainability toward our emissions reduction target verified by Science Based Targets initiative at the 1.5-degree Celsius level of ambition
• Third green bond issuance bringing the total raised to $1.85 billion to invest in sustainability ROI projects and LEED®-certified hotels
• Two new LEED-certified properties and one LEED EBOM Gold recertification for a total of nine LEED-certified properties (including three LEED Gold hotels as well as Host’s corporate headquarters)
• 90+ EV chargers installed at over 30 hotels
• Launch of Host’s diversity, equity, inclusion and belonging (DEIB) program and women’s employee resource group; and establishment of partnerships with several local and national organizations to further support and give back to our Black and Brown communities
• Two-year, $500,000 pledge in support of the Arne M. Sorenson Hospitality Fund and the Marriott-Sorenson Center for Hospitality Leadership at Howard University
• 166 charities supported including nearly 100 employee-selected community investments
• Launch of second, expanded Supplier Excellence Survey in addition to launch of Supplier Diversity Survey to all strategic suppliers
• Comprehensive update to our Enterprise Risk Management (ERM) assessment
  

To learn more, please read the 2022 Corporate Responsibility Report and view the Corporate Responsibility pages on the Company website.

About Host Hotels & Resorts

Host Hotels & Resorts, Inc. is an S&P 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels. The Company currently owns 73 properties in the United States and five properties internationally totaling approximately 42,300 rooms. The Company also holds non-controlling interests in seven domestic and one international joint ventures.

This press release contains registered trademarks that are the exclusive property of their respective owners. None of the owners of these trademarks has any responsibility or liability for any information contained in this press release.

SOURAV GHOSH Chief Financial Officer (240) 744-5267

JAIME MARCUS Investor Relations (240) 744-5117 ir@hosthotels.com

FAQ

What are the key highlights from Host Hotels & Resorts' 2022 Corporate Responsibility Report?

The report showcases $1.85 billion raised through green bonds, emissions reduction achievements, and new diversity initiatives.

What is Host Hotels & Resorts' vision for 2050?

Host Hotels aims to become a net positive company by 2050, enhancing its sustainability and social responsibility efforts.

How many properties does Host Hotels & Resorts own?

Host Hotels & Resorts currently owns 73 properties in the U.S. and five internationally, totaling approximately 42,300 rooms.

What sustainability initiatives are highlighted in Host Hotels' report?

The report highlights investments in sustainability, including EV charger installations and LEED-certified properties.