Park Hotels & Resorts Inc. Issues Annual Corporate Responsibility Report

Rhea-AI Summary

Park Hotels & Resorts Inc. (NYSE: PK) has released its 2021 Corporate Responsibility Report, highlighting its environmental, social, and governance (ESG) performance during 2020. The company emphasized its commitment to corporate responsibility amid the COVID-19 pandemic, focusing on improving environmental efficiencies and investing in health and safety. The report aligns with global frameworks such as TCFD, SASB, UN SDGs, and GRI. Park operates 54 premium-branded hotels and resorts, totaling approximately 32,000 rooms, primarily in key locations.

Positive

• Continued investment in health, safety, and environmental efficiencies during COVID-19.
• Alignment with global ESG frameworks like TCFD and SASB.
• Mature ESG program with three dedicated committees.

Negative

• None.

TYSONS, Va., Nov. 04, 2021 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park” or the “Company”) today announced that it has issued its annual Corporate Responsibility (“CR”) Report, detailing the Company’s environmental, social and governance (“ESG”) performance and initiatives during 2020. The CR Report also includes information on Park’s ESG strategies and approach to risk management.

“During an unprecedented year, I am proud that Park’s business priorities continued to be guided by our steadfast commitment to corporate responsibility,” said Thomas J. Baltimore, Jr., Chairman and CEO of Park. “Throughout 2020, we continued to improve environmental efficiencies in our portfolio, and we also invested considerable resources in the health, safety and well-being of our associates and guests during the COVID-19 pandemic. On the governance side, we continue to engage with our stakeholders to align our priorities, while our ESG program continues to mature with three dedicated ESG committees. As we look ahead, we are committed to maintaining transparency and engagement, and we look forward to sharing more information about our ESG program with you.”

Park’s 2021 CR Report is the Company’s fourth annual corporate responsibility report. The CR Report aligns with globally utilized frameworks including the Task Force on Climate-Related Financial Disclosures (“TCFD”), Sustainability Accounting Standards Board (“SASB”), United Nations Sustainable Development Goals (“UN SDGs”) and Global Reporting Initiative (“GRI”).

The CR Report is available for download on the Responsibility tab of Park’s website: https://www.pkhotelsandresorts.com/responsibility.
                                                   
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 54 premium-branded hotels and resorts with approximately 32,000 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

For additional information or to receive press releases via e-mail, please visit our website at
www.pkhotelsandresorts.com

FAQ

What is the focus of Park Hotels & Resorts' 2021 Corporate Responsibility Report?

The report focuses on Park's environmental, social, and governance (ESG) performance and initiatives during 2020.

How did Park Hotels & Resorts respond to the COVID-19 pandemic?

Park emphasized investments in health, safety, and well-being for associates and guests during the pandemic.

Which global frameworks does Park Hotels & Resorts' CR Report align with?

The report aligns with TCFD, SASB, UN SDGs, and GRI frameworks.

What is the size of Park Hotels & Resorts' portfolio?

Park operates 54 premium-branded hotels and resorts, totaling approximately 32,000 rooms.

When was Park Hotels & Resorts' 2021 CR Report released?

The report was released on November 4, 2021.