Host Hotels And Resorts

Host Hotels & Resorts, a US-based real estate services company, has committed to significant climate action.

For the most recent reported year, 2023, Host Hotels & Resorts disclosed:

• Scope 1 emissions: 84,826,000 kg CO2e
• Scope 2 market-based emissions: 171,622,000 kg CO2e
• Scope 3 emissions: Approximately 13,113,000 kg CO2e, including 12,341,000 kg CO2e from capital goods, 516,000 kg CO2e from business travel, 271,000 kg CO2e from upstream leased assets, 216,000 kg CO2e from employee commutes, 29,000 kg CO2e from purchased goods and services, and 21,000 kg CO2e from waste generated in operations.

The company has set several ambitious reduction targets:

• Near-term targets: Host Hotels & Resorts aims to reduce its Scope 1 and 2 GHG emissions by 54% from a 2019 base year by 2030, a target that has been approved by the Science Based Targets initiative (SBTi) as consistent with a 1.5°C warming trajectory. They also have an older SBTi-approved target to reduce Scope 1 and 2 GHG emissions by 55% per square foot by 2025 from a 2008 base year. As of year-end 2023, they have reduced Scope 1 and 2 GHG emissions intensity by 50.26% compared to their 2008 baseline.
• Long-term target: The company is working towards achieving net zero operational emissions by 2040, aligning with their aspirational vision to become a net positive company by 2050.