Host Hotels And Resorts

Host Hotels and Resorts, a real estate services company headquartered in the US, has demonstrated a commitment to reducing its carbon emissions. For the reporting year 2023, the company reported Scope 1 emissions of approximately 84,826,000 kg CO2e and Scope 2 market-based emissions of approximately 171,622,000 kg CO2e. Scope 3 emissions for the same year included approximately 12,341,000 kg CO2e for capital goods, 516,000 kg CO2e for business travel, 216,000 kg CO2e for employee commute, 271,000 kg CO2e for upstream leased assets, 29,000 kg CO2e for purchased goods and services, and 21,000 kg CO2e for waste generated in operations. The total market-based Scope 1 and 2 emissions for 2023 were approximately 256,449,000 kg CO2e.

Host Hotels and Resorts has set ambitious targets to address climate change. Notably, the company aims for a 55% reduction in Scope 1 and Scope 2 emissions per square foot from a 2008 baseline by 2025. They also have a science-based target to reduce greenhouse gas emissions by 54% per square foot from a 2019 baseline by 2030, with an overarching goal of achieving net-zero operational emissions by 2040. As of year-end 2023, they reported a 50.26% reduction in Scope 1 and 2 GHG emissions intensity compared to their 2008 baseline, indicating progress towards their targets. The company's targets have been approved by the Science Based Targets initiative (SBTi) at a 1.5-degree Celsius level of ambition.