A Memorandum of Understanding (MOU) was signed by The Paulson Institute and the China Association of Mayors to establish this collaboration during the second annual Cities of the Future conference on December 4, 2012, in Beijing, China. The conference is a practical seminar that brings together leading thinkers and practitioners to explore best practices and effective methods for promoting sustainability in cities across China and around the world.“I’m delighted to partner with the China Association of Mayors to launch this training program, and I look forward to hosting these mayors in my hometown of Chicago,” said The Paulson Institute Chairman Henry M. Paulson, Jr. during the signing. “By deepening mayors’ understanding of sustainable urban practices and ways they can implement these over time, we will help them provide more energy- and resource-efficient cities and a better livelihood for Chinese citizens.” Mark Hoplamazian, President and CEO of Hyatt Hotels Corporation, also participated in the conference and shared his views on ways global and local corporations are incorporating urban sustainability into their strategic plans. About Hyatt Hotels Corporation Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company with a proud heritage of making guests feel more than welcome. Thousands of members of the Hyatt family strive to make a difference in the lives of the guests they encounter every day by providing authentic hospitality. The Company’s subsidiaries manage, franchise, own and develop hotels and resorts under the Hyatt®, Park Hyatt®, Andaz®, Grand Hyatt®, Hyatt Regency®, Hyatt Place® and Hyatt House TM brand names and has locations on six continents . Hyatt Residential Group, Inc., a Hyatt Hotels Corporation subsidiary, develops, operates, markets or licenses Hyatt Residences TM and Hyatt Residence Club TM . As of September 30, 2012, the Company’s worldwide portfolio consisted of 496 properties in 45 countries. For more information, please visit www.hyatt.com. About Paulson Institute The Paulson Institute, an independent center located at the University of Chicago, is a non-partisan institution that promotes sustainable economic growth and a cleaner environment around the world. Established in 2011 by Henry M. Paulson, Jr., former U.S. Secretary of the Treasury and chief executive of Goldman Sachs, the Institute focuses on the relationship between the United States and China – the world's largest economies and energy consumers – and engages governments, businesses, and experts to help solve pressing economic and environmental challenges.
Hyatt Hotels Corporation (NYSE: H) announced a sponsorship arrangement with The Paulson Institute, which is partnering with the China Association of Mayors to enhance urban sustainability practices and policies in China. The collaboration signifies Hyatt’s commitment to furthering China’s sustainable urban growth and underscores Hyatt’s commitment to local contributions that tackle global issues. Jointly developed by The Paulson Institute and China Association of Mayors, the Chinese Mayors Urban Sustainability Training Program, to be launched in 2013, is a three-week intensive training in the U.S. and China, aiming to provide practical knowledge to Chinese municipal leaders on enhancing sustainability efforts. “The success of China’s urbanization will be critical to its economic and social development. Sharing the same commitment to urban sustainability with The Paulson Institute and China Association of Mayors, Hyatt is greatly honored to join hands with these two and support the Chinese Mayors Urban Sustainability Training Program, which addresses the challenges and opportunities of China’s urbanization through a collaborative approach,” said Mark Hoplamazian, President and Chief Executive Officer, Hyatt Hotels Corporation. “As a global company with many hotels and ongoing development and expansion throughout China, we are focusing every day on responsible, sustainable urban growth and furthering our commitment to enhancing the communities in which we live and work.” In addition to being the corporate sponsor for The Paulson Institute’s participation in the training program, Hyatt will also share its own experience in fostering innovation and sustainability with program participants. The three-part training program will start with classroom instruction at the University of Chicago’s Graham School of Continuing Liberal and Professional Studies. Following a week of study in Chicago, program fellows will travel to other cities in the United States to learn about and observe successful urban sustainability projects. In the third portion of the program, participating mayors will attend Tsinghua University in Beijing to offer China-specific instruction on sustainability program implementation.