Reit Magazine - March/April 2021 - 4

REITS ASSESS CLIMATE RISK

T

he inherent nature of real estate means that our industry will always have
a considerable impact on and be directly affected by the environment.
As we look back on the past 12 months, it is becoming clear that extreme
climate conditions-from forest fires in California to historic cold and snow
in Texas-will become a greater threat to communities across the United States
and around the world.

James F. Risoleo

2021 Nareit Chair
President, CEO & Director,
Host Hotels & Resorts

4|

reit

The feature " Risk and Resilience " highlights how REITs
are leveraging forward-looking
physical climate risk data to
understand their portfolios'
baseline and changing exposure
to climate hazards, identify risk
hotspots and portfolio trends,
screen investments during due
diligence processes, and benchmark against their peers.
At Host Hotels & Resorts
(Nasdaq: HST), we publish a
Task Force on Climate-Related
Financial Disclosures (TCFD)-aligned annual CR report
and our new 2025 greenhouse
gas emissions target is verified
by the Science Based Targets initiative (SBTi)  at the
1.5-degree Celsius ambition
level-the most ambitious
level aligned with the Paris
Agreement. We are committed
to responsible investment,
investing over $70 million in
replacements and restorations
of exterior walls, windows,
roofs, doors, and grounds to
further increase the resilience

of our hotels from hurricane
risk.  Host was also recognized
for our work on climate action
by being named on CDP's
A-List for the third time, which
recognizes companies across
the world leading on environmental performance annually.
As public companies and
good corporate citizens, we
have a responsibility to be proactive and transparent in our
efforts to increase and advance
sustainability in the REIT
industry, and to provide
our stakeholders with the
information they need to
make informed decisions
in an increasingly complex
environment.			
	



Reit Magazine - March/April 2021

Table of Contents for the Digital Edition of Reit Magazine - March/April 2021

Contents
Reit Magazine - March/April 2021 - Cover1
Reit Magazine - March/April 2021 - Contents
Reit Magazine - March/April 2021 - 1
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