Park Hotels & Resorts Announces Publication of 2020 Corporate Responsibility Report

Rhea-AI Summary

Park Hotels & Resorts Inc. (NYSE: PK) has published its 2020 Corporate Responsibility report, emphasizing its ESG commitments amid a challenging year. The report, available on their website, outlines key initiatives, including the establishment of a Diversity & Inclusion Steering Committee and a Park Green Committee. This marks Park's third annual report, featuring performance data from the 2019 fiscal year and updated sustainability disclosures aligned with UN Sustainable Development Goals. CEO Thomas J. Baltimore, Jr. highlighted the importance of corporate responsibility in today's volatile environment.

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• Establishment of a Diversity & Inclusion Steering Committee.
• Formation of the Park Green Committee to enhance sustainability efforts.
• Third annual corporate responsibility report showcases ongoing commitment to ESG.

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• None.

TYSONS, Va., Jan. 14, 2021 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it has published its 2020 Corporate Responsibility report (the “Report”), detailing Park’s ESG commitment to its stakeholders. The Report can be found on the Responsibility page of Park’s website at https://www.pkhotelsandresorts.com/responsibility.

“I am proud to publish our latest corporate responsibility report for our stakeholders,” said Thomas J. Baltimore, Jr., Chairman and CEO of Park. “Despite an unprecedented year for all, Park remains steadfast in our commitment to corporate responsibility, which is more important than ever in today’s volatile environment. From establishing our Diversity & Inclusion Steering Committee to formalizing our Park Green Committee, I am excited about our evolution in the ESG world as we head into the fifth year as a public company.”

The Report, which is Park’s third annual corporate responsibility report, includes performance data for the 2019 fiscal year, unless otherwise noted. The Report also includes an updated Global Reporting Initiative (GRI) Index, Sustainable Accounting Standards Board (SASB) disclosures and alignment with select UN Sustainable Development Goals. Additional information related to Park’s ESG policies, initiatives and performance can be found on Park’s website.

About Park Hotels & Resorts
Park is the second largest publicly traded lodging REIT with a diverse portfolio of market-leading hotels and resorts with significant underlying real estate value. Park’s portfolio currently consists of 60 premium-branded hotels and resorts with over 33,000 rooms primarily located in prime city center and resort locations. Visit www.pkhotelsandresorts.com for more information.

For more information, contact:
Ian Weissman
Senior Vice President, Corporate Strategy
571-302-5591
iweissman@pkhotelsandresorts.com

FAQ

What is the significance of Park Hotels & Resorts' 2020 Corporate Responsibility report?

The report highlights Park's ongoing commitment to ESG initiatives and outlines significant corporate responsibility measures taken during a challenging year.

What initiatives were included in Park's 2020 Corporate Responsibility report?

Key initiatives include the formation of a Diversity & Inclusion Steering Committee and a Park Green Committee, supporting their ESG goals.

When was Park Hotels & Resorts' 2020 Corporate Responsibility report published?

The report was published on January 14, 2021.

Where can I access Park's 2020 Corporate Responsibility report?

The report is available on the Responsibility page of Park's official website.

How does Park Hotels & Resorts align with UN Sustainable Development Goals?

The report includes alignment with select UN Sustainable Development Goals, showcasing their commitment to sustainable practices.