Host Hotels & Resorts, Inc. is a leading lodging real estate investment trust (REIT) based in the United States. The company owns and operates a portfolio of high-quality hotels and resorts across the globe, including luxury properties such as the Grand Hyatt Washington and the Ritz-Carlton San Francisco. With a focus on providing exceptional guest experiences, Host Hotels & Resorts has established itself as a leader in the hospitality industry.

In recent years, Host Hotels & Resorts has also become a leader in the area of sustainability and decarbonisation. The company has recognised the importance of reducing its carbon footprint and has implemented a number of initiatives to achieve this goal. One of the key ways in which Host Hotels & Resorts is working towards decarbonisation is through the use of renewable energy.

Corporate Energy and Renewable Energy

Host Hotels & Resorts has made a commitment to increasing its use of renewable energy sources. In 2017, the company signed a corporate power purchase agreement (PPA) with Apex Clean Energy to purchase 100% of the electricity generated by the 300 MW Kay Wind Project in Oklahoma. This PPA is expected to provide Host Hotels & Resorts with approximately 25% of its total electricity needs.

The Kay Wind Project is a wind farm that uses 130 turbines to generate electricity. By purchasing the electricity generated by this project, Host Hotels & Resorts is able to reduce its reliance on fossil fuels and decrease its carbon footprint. The company has also invested in other renewable energy projects, including solar installations at several of its properties.

In addition to its use of renewable energy, Host Hotels & Resorts is also focused on reducing its overall energy consumption. The company has implemented a number of energy efficiency measures, such as upgrading lighting systems and HVAC systems, to reduce the amount of energy required to operate its properties. These measures not only reduce the company's carbon footprint, but also help to lower operating costs.

Corporate PPA

Host Hotels & Resorts' use of a corporate PPA is an innovative way for the company to increase its use of renewable energy. A corporate PPA is a contract between a company and a renewable energy provider, in which the company agrees to purchase a certain amount of electricity generated by the provider. This type of agreement allows companies to access renewable energy without having to install their own renewable energy systems.

By signing a corporate PPA, Host Hotels & Resorts is able to support the development of renewable energy projects and reduce its reliance on fossil fuels. The company's commitment to renewable energy is not only good for the environment, but also helps to ensure a stable and predictable source of electricity for its properties.

Decarbonisation

Host Hotels & Resorts' focus on decarbonisation is an important part of its overall sustainability strategy. Decarbonisation refers to the process of reducing the amount of carbon dioxide and other greenhouse gases emitted by human activities. This is an important goal, as these gases contribute to climate change and other environmental problems.

Host Hotels & Resorts is working towards decarbonisation in a number of ways. In addition to its use of renewable energy, the company has implemented a number of other sustainability initiatives. For example, the company has implemented water conservation measures, such as low-flow showerheads and toilets, to reduce its water usage. Host Hotels & Resorts has also implemented waste reduction programs, such as recycling and composting, to reduce the amount of waste generated by its properties.

Conclusion

Host Hotels & Resorts, Inc. is a leading lodging REIT that is committed to sustainability and decarbonisation. The company's use of renewable energy, including its corporate PPA with Apex Clean Energy, is an innovative way to increase its use of renewable energy and reduce its carbon footprint. Host Hotels & Resorts' focus on energy efficiency, water conservation, and waste reduction is also an important part of its overall sustainability strategy. By implementing these initiatives, Host Hotels & Resorts is not only reducing its impact on the environment, but also improving the guest experience and lowering operating costs.