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Starwood Hotels & Resorts Worldwide, Inc. Joins Urban Land Institute Greenprint Center For Building Performance

Stocks in this article: HOT

The Urban Land Institute (ULI) Greenprint Center for Building Performance, a worldwide alliance of leading real estate owners, investors and financial institutions committed to reducing energy consumption and carbon emissions across the global property industry, has announced the addition of Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) as a new member.

“At Starwood, we believe that economic growth and the well-being of society are inextricably tied to the health of the environment,” said Frits van Paasschen, chief executive officer for Starwood Hotels & Resorts. “As one of the leading hospitality companies in the world, we have an obligation to be good stewards to the planet, as our guests choose our hotels both for what is on the inside as well as to experience the communities in which they exist. It is not only good for our environment, guests, associates, partners and shareholders, it also has well-proven economic rationale.”

Simon Turner, president of Global Development for Starwood Hotels & Resorts, has been appointed to Greenprint’s Advisory Board. “We are delighted to join forces with the ULI Greenprint Center to help advance our common goal of creating environmentally sustainable communities across the globe,” Turner said. “As a company, we are committed to integrating leading environmental practices and sustainability principles into our core business strategy, and we leverage our people, brands, and global reach, while working closely with our hotel development partners and suppliers, to achieve these goals. We encourage other hotel management and ownership companies to join this effort and work with us to collectively improve the sustainability of the hotel and real estate sector around the globe.”

Long known as an industry innovator, for the past five years, Starwood has reported and publicly disclosed its carbon footprint through the Carbon Disclosure Project Survey (CDP) for all its hotel and corporate office operations. Additionally, in 2011, Starwood also began reporting critical water-related and supply chain related data to the CDP. The company is committed to reducing the environmental impact of its business and creating a company culture committed to sustainability. To that end, Starwood is working towards its goal of reducing energy consumption by 30% and water consumption by 20% by the year 2020.

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