Host Hotels And Resorts

Host Hotels & Resorts, a US-based real estate services company, is actively working to reduce its carbon footprint.

For 2023, the company reported total Scope 1 emissions of approximately 84.8 million kg CO2e and Scope 2 emissions (market-based) of about 171.6 million kg CO2e. Scope 3 emissions for 2023 were approximately 13.1 million kg CO2e, including categories such as capital goods (about 12.3 million kg CO2e), business travel (about 516,000 kg CO2e), employee commute (about 216,000 kg CO2e), upstream leased assets (about 271,000 kg CO2e), purchased goods and services (about 29,000 kg CO2e), and waste generated in operations (about 21,000 kg CO2e).

Host Hotels & Resorts has set several climate commitments and reduction targets:

• Near-term targets:
  • The company aims to reduce its 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.
  • Host Hotels & Resorts commits to reduce absolute Scope 1 and 2 GHG emissions by 54% by 2030 from a 2019 base year, aligning with a 1.5°C global warming limit. As of year-end 2023, they have reduced Scope 1 and 2 GHG emissions intensity by 20.4% compared to their 2019 baseline.
  • The company also targets a 54% reduction of greenhouse gas emissions per square foot from a 2019 baseline by 2030.
• Long-term targets:
  • Host Hotels & Resorts aims for net-zero operational emissions by 2040.
  • The company aspires to become a net-positive company by 2050, aiming to go beyond net-zero impact across its value chain, including energy and emissions.

These targets have been re-approved by the Science Based Targets initiative (SBTi).