GlobalData offers a comprehensive analysis of Park Hotels & Resorts, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Park Hotels & Resorts’s ESG performance. GlobalData’s company profile on Park Hotels & Resorts offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.

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Data Insights Park Hotels & Resorts Inc - Company Profile

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Park Hotels & Resorts, a leading hospitality company, has been dedicated to environmental sustainability, since its establishment in 2017. The company is committed to reducing its environmental footprint focusing on areas such as energy and carbon emissions reduction as measured against its 2017 baseline. To reduce its environmental footprint, the company plans to engage in benchmarking environmental data, investing in efficiency projects, and implementing sustainability best practices throughout its operations, as revealed in its Annual Corporate Responsibility Report 2022.

In terms of carbon emissions, Park Hotels & Resorts has made significant progress. From 2017 to 2022, the company's GHG emissions intensity decreased 18% from 2017 on a like-for-like basis. In 2022, the total greenhouse gas intensity was 7.84 kgCO2e per sqft. The total GHG emissions including Scope 1 and 2 totaled 205,916 metric tons of CO2e. Of this, Scope 1 emissions were 56,654 metric tons of CO2e, a 31% like for like reduction over 2017, while scope 2 emissions were 149,262 metric tons of CO2e, a 22% reduction over 2017.

Park Hotels & Resorts has taken several steps to reduce its emissions and has achieved notable results. The company has implemented waste management methods to minimize waste generation and increase waste diversion through recycling. It has also invested in low carbon efficiency projects and evaluated opportunities for on-site renewable energy. Additionally, Park Hotels & Resorts has been focused on reducing energy usage and carbon emissions across its portfolio. The company has set environmental reduction targets for energy, GHG, water, waste, and renewable energy, which are incorporated into its internal ESG objectives and evaluated using a performance dashboard.

To ensure informed decision-making, Park Hotels & Resorts monitors the potential risks and impacts of climate change on its properties. The company assesses sustainability opportunities and climate change-related risks during the acquisition process. It also implements a First Responder Program to address natural and man-made disasters. Park Hotels & Resorts is currently evaluating pathways to transition its business operations to net zero while considering the expectations of stakeholders.

In conclusion, Park Hotels & Resorts is committed to lowering its environmental footprint and reducing its GHG emissions. The company has made significant progress in reducing emissions intensity and has implemented various measures to achieve its goals. By focusing on waste management, energy efficiency, and renewable energy, Park Hotels & Resorts is taking proactive steps towards a more sustainable future in the hospitality industry.

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