As posted on Green Lodging News earlier this week, Host Hotels & Resorts, Inc., the nation’s largest lodging real estate investment trust, released a Corporate Responsibility (CR) Highlights report for the very first time. The 2018 report provides a summary of results and progress over the last reporting year along with future commitments. I read through the report and this is what I found most compelling:
- Host achieved 2020 environmental targets three years ahead of schedule, including a greenhouse gas target verified by the Science Based Targets initiative. Host says it is the first hospitality company to have its greenhouse gas emissions verified by the Science Based Targets initiative. From 2008 to 2017, Host reduced greenhouse gas emissions per square foot by 32 percent.
- Host established a renewable energy target of 30 percent of the company’s total electricity consumption by 2025 and set an internal price of carbon to help inform investment decisions in energy efficient technologies and renewable energy.
- In 2018, the Hyatt Regency San Francisco Airport became Host’s seventh LEED property and the first to receive LEED Gold certification, featuring innovative technologies and sustainable features such as low-flow water fixtures that reduce potable water use; pervious pavement that protects ecosystems by preventing pollution from contaminated runoff water; recycling and composting programs that divert over 92 percent of building waste from the landfill; and upgraded highly efficient chillers and elevators estimated to save over 790,000 kilowatt hours per year—the equivalent of taking over 125 cars off the road.
- Host invested in a 500-kilowatt solar PV system at the Fairmont Kea Lani, Maui as well as a comparable 598-kilowatt system at the Hyatt Regency Maui Resort and Spa. These are two of the largest rooftop solar PV systems on Maui. Combined, Host generates and owns 1.15 megawatts of on-site solar capacity on Maui, along with a 600-kilowatt solar PV system at The Phoenician, a Luxury Collection Resort. Cost savings due to solar PV projects are estimated to be $480,000 annually, and associated annual emissions reductions are 1,524 metric tons.
- In 2017, Host’s approximately 200 employees supported over 150 charities and contributed 460 employee volunteer hours through 10 service events.