Host Hotels & Resorts Inc

Host's Code of Business Conduct and Ethics explicitly states that company funds may not be used to contribute to candidates, political party committees or political action committees. We engage on public policy indirectly through our affiliations with trade associations. We believe that participation in the public policy process is an important and essential means of enhancing stockholder value. To help us achieve this objective, Host belongs to a number of trade associations which allows us to network, build business skills, advance our public agenda and related business goals and monitor industry policies and trends. Host makes payments to these associations, including membership fees and dues. In 2021, we paid $98,928 in dues associated with lobbying to the following trade associations: Host also engages directly with local municipalities on building performance standards regulation. Our vice president of energy and sustainability has held leadership roles on the sustainability councils of Nareit and AHLA.

Additionally, the CR Team monitors trade association memberships; reviews and monitors these trade associations' positions, including alignment with the Paris Agreement; and may also report on climate-related positions and activities for certain trade associations in which Host is a member of. [...] The Nominating, Governance and Corporate Responsibility Committee of the Board of Directors has reviewed and approved the Environmental Policy. Host reserves the right to amend or modify this Environmental Policy at any time.

The Board recognizes the importance of our corporate responsibility initiatives and the need to provide effective oversight of those initiatives. We also understand the need for independence, expertise and fresh perspectives on these multi-faceted and evolving topics. Our Board currently has eight members skilled in sustainability and corporate responsibility who bring informed perspectives on the range of challenges Host manages and have contributed to Host's leadership in this space. While the Board's Nominating, Governance and Corporate Responsibility Committee oversees Host's overarching corporate responsibility strategy, corporate responsibility topics are monitored across each of our three Board committees: [...] Host's executive vice president, development, design & construction provides updates to the Board's Nominating, Governance and Corporate Responsibility Committee at every meeting. On an annual basis, Host's Corporate Responsibility Core Team presents progress against our 2030 corporate responsibility targets to our CEO and the Nominating, Governance and Corporate Responsibility Committee. [...] Host's six-member Corporate Responsibility Core Team is responsible for the day-to-day management of Host's corporate responsibility strategy and program, including driving progress toward our 2050 vision and achievement of our ESG targets, investments, reporting and engagement with stakeholders and our ESG Executive Steering Committee and Advisory Committee. Led by the vice president of corporate communications and social responsibility and vice president of energy and sustainability and advised by the senior vice president of engineering and sustainability, the Corporate Responsibility Core Team is directly responsible for achievement of our ESG-related corporate goals that are outlined in Host's annual business plan. Annual performance compensation includes evaluation of individual contributions toward progress.

Host's Code of Business Conduct and Ethics explicitly states that company funds may not be used to contribute to candidates, political party committees or political action committees. We engage on public policy indirectly through our affiliations with trade associations, who have publicly disclosed priorities that are aligned with our overall climate change strategy. The National Association of Real Estate Investment Trusts (Nareit) leads on issues regarding energy efficiency investments for REITs, where Host's VP of energy & sustainability serves as vice chair of the Real Estate Sustainability Council. The Real Estate Roundtable (RER) focuses, among other topics, on environment and energy, as well as promotes sustainable development that encourages high performance, energy-efficient green buildings and progressive land use—including brownfields redevelopment and transit-oriented development. [...] Host's vice president of energy and sustainability is a vice chair of Nareit's Real Estate Sustainability Committee and participated in the establishment of the Sustainability Committee's strategy and priorities, and the planning of its REITworks ESG conference. He also works closely with Nareit's senior vice president tasked with advancing environmental, social and governance issues among REITs.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]Host's Code of Business Conduct and Ethics explicitly states that company funds may not be used to contribute to candidates, political party committees or political action committees. We engage on public policy indirectly through our affiliations with trade associations, who have publicly disclosed priorities that are aligned with our overall climate change strategy.

The National Association of Real Estate Investment Trusts (Nareit) leads on issues regarding energy efficiency investments for REITs, where Host's VP of energy & sustainability serves as vice chair of the Real Estate Sustainability Council. The Real Estate Roundtable (RER) focuses, among other topics, on environment and energy, as well as promotes sustainable development that encourages high performance, energy-efficient green buildings and progressive land use—including brownfields redevelopment and transit-oriented development.