Park Hotels & Resorts Inc. Issues Annual Corporate Responsibility Report and Recognizes Year-to-Date Energy Star Certified Properties

Core Insights - Park Hotels & Resorts Inc. has released its annual Corporate Responsibility (CR) Report, highlighting its environmental, social, and governance performance and initiatives for 2023, along with its corporate responsibility strategy and risk management approach [1][2] Environmental Initiatives - The company has recognized six hotels for earning ENERGY STAR certifications for superior energy performance in year-to-date 2024, demonstrating its commitment to enhancing efficiency in the built environment [1][2] - Park's properties have achieved ENERGY STAR certifications a total of 33 times since becoming a public company in 2017, with certifications awarded to buildings scoring 75 or higher, indicating over 75% greater efficiency than comparable buildings [2] Social Responsibility - The CR Report emphasizes Park's efforts in diversity, equity, and inclusion (DEI), including comprehensive benefits and pay parity across gender and race, as well as partnerships with local charitable organizations [2] Governance and Reporting Standards - Park's 2024 CR Report is its seventh annual report and aligns with global frameworks such as TCFD, SASB, UN SDGs, and GRI, ensuring transparency and accountability in its corporate responsibility efforts [3] Performance Metrics - In the 2024 GRESB Real Estate Assessment, Park ranked in the top 30% of publicly listed companies in the Americas, achieving a one-point increase from 2023 and a total increase of nine points since 2020 [4]