corporate-governance-social-initiatives

Environmental Sustainability,
Social Responsibility and
Corporate Governance

Sunstone Hotel Investors is committed to conducting our business according to the highest moral and ethical standards. As owners of Long-Term Relevant Real Estate®, we take a holistic view of investing in our assets, which means balancing the best interests of our stockholders, the environment, our employees, the hotel associates, guests and the communities in which we own hotels.

Our ESG Strategy & Commitment

As part of our company strategy, we aim to create lasting value through ownership of hotels. This strategy, combined with focused asset management and a flexible balance sheet, enables us to make meaningful investments to improve the environmental performance of our assets, as well as enhance the quality of the work environment for the hotel employees and support the communities in which we own hotels.

Environmental
Impact

Throughout our portfolio, our Engineering and Asset Management teams continuously monitor energy, waste and water consumption and costs, as well as work with our operators to identify areas for improvement. We focus our ESG-oriented investments by identifying four primary factors: (i) properties with high energy consumption and/or high utility cost; (ii) dated equipment that is inefficient or nearing end-of-useful-life; (iii) initiatives that support our long-term sustainability goals, and (iv) available incentives associated with all potential investments.

electric

5.8% reduction in Energy Intensity per square foot in 2019 compared to 2015 baseline

water

9.4% reduction in Water Intensity per square foot in 2019 compared to 2015 baseline

factory

16.4% reduction in GHG Emissions Intensity per square foot in 2019 compared to 2015 baseline

trash

4.1% reduction in Waste Intensity per square foot in 2019 compared to 2015 baseline

Social Impact

We strive to create a healthy and supportive workplace for Sunstone Hotel Investors employees through establishing a safe, inclusive, and accommodating work environment, as well as offering competitive wages & benefits, and career development opportunities. We also work with our hotel managers to offer the same support for hotel associates. Furthermore, we seek to support the communities where we work and own hotels through community outreach programs and fundraising efforts.

donate

Since 2015, the Sunstone Community Involvement Program has donated over $455,000 to nearly 130 charities, and, in 2020, employees donated over 400 pounds of food through Families Forward

ceo action

Sunstone is a proud participant of the in the CEO Action for Diversity and Inclusion™ pledge

5-star-promise

Sunstone fully supports and encourages all of our operators to adopt and abide by the American Hotel & Lodging Association’s 5-Star Promise

Governance

Our corporate governance follows industry best practice to ensure a high level of transparency, accountability and effective management. Our Corporate Governance Guidelines outline the operational procedures of our Board of Directors and its committees, and sets forth a common set of expectations. Four primary committees: the Audit Committee, the Compensation Committee, the Investment Committee, and the Nominating and Corporate Governance Committee, are overseen by the Board to ensure compliance with policies and procedures, including Board composition and executive and management compensation. For additional information, please visit our Corporate Governance page.

hands

Adopted a shareholder’s right to amend bylaws, opted out of Maryland Business Combinations Act, prohibited adopting a shareholder’s rights plan, and adopted proxy access.

document

Enterprise-level risk assessment conducted quarterly by the Audit Committee and reviewed annually by the entire Board.

people

Non-classified board with annual election of all directors with majority voting in all uncontested elections.

Corporate Responsibility References




Past Reports