HOUSTON, Nov. 3, 2021 /PRNewswire/ -- The Howard Hughes
Corporation® (NYSE: HHC) has released its 2020
Environmental, Social and Governance Report, showing impactful ESG
results from the company's long-standing stewardship of its
communities. With its recent acquisition of Douglas Ranch in Phoenix's West
Valley, HHC now operates the country's largest
portfolio of large-scale master planned communities, with over
100,000 acres across six states. In alignment with the United
Nations' Sustainable Development Goals, Howard Hughes' commitment to environmental and
social best practices embodies a profound respect for nature,
inclusivity, and connectivity.
"Maintaining a sustainable approach to development is at the
heart of what we do—it is our commitment to our stakeholders, to
our communities, and to the world in which we live," said
David R. O'Reilly, Chief Executive
Officer of The Howard Hughes Corporation. "This sense of
responsibility has guided the growth of our master planned
communities for many decades—long before the principles of
environmental, social, and corporate governance fostered the global
movement known as ESG. Our master planned communities were founded
on the large-scale exploration of many of the smart growth
principles that are promoted today and impact the quality of life
in our communities."
The report reflects The Howard Hughes Corporation's integration
across its portfolio of the principles of ESG and is designed to
provide stakeholders with a deeper understanding of the company's
dedication to the ideals first expressed by James Rouse over 50 years ago. In founding the
MPC of Columbia, Maryland—one of
the country's first master planned communities—Rouse imagined a
beautiful, self-sustaining "new American City" that fosters
economic, racial, and cultural harmony, believing that people are
at their best in communities where there is a sense of
responsibility to one's city and to one's neighbor.
"We will continue to embrace the forward-thinking placemaking of
James Rouse, George Mitchell and Victoria Ward, who were at the forefront of
creating self-sustaining cities," said Jay
Cross, President of The Howard Hughes Corporation. "Their
legacies inspire us to lead with innovation and technology and to
deliver sustainable communities and implement ongoing ESG
initiatives to strengthen our proven track record of long-term
development and profound respect for conservation and inclusive
communities."
You can find the full report online at www.howardhughes.com.
About The Howard Hughes Corporation®
The
Howard Hughes Corporation owns, manages and develops commercial,
residential and mixed-use real estate throughout the U.S. Its
award-winning assets include the country's preeminent portfolio of
master planned communities, as well as operating properties and
development opportunities including: the Seaport in New York City; Downtown Columbia®, Maryland; The
Woodlands®, The Woodlands Hills®, and
Bridgeland® in the Greater
Houston, Texas area; Summerlin®, Las Vegas; Ward
Village® in Honolulu; and Douglas
Ranch in Phoenix. The
Howard Hughes Corporation's portfolio is strategically positioned
to meet and accelerate development based on market demand,
resulting in one of the strongest real estate platforms in the
country. Dedicated to innovative placemaking, the company is
recognized for its ongoing commitment to design excellence and to
the cultural life of its communities. The Howard Hughes Corporation
is traded on the New York Stock Exchange as HHC. For additional
information visit www.howardhughes.com.
Safe Harbor Statement
Statements made in this press release that are not historical
facts, including statements accompanied by words such as "will,"
"believe," "expect," "enables," "realize," "plan," "intend,"
"assume," "transform" and other words of similar expression, are
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. These statements are
based on management's expectations, estimates, assumptions, and
projections as of the date of this release and are not guarantees
of future performance. Actual results may differ materially from
those expressed or implied in these statements. Factors that could
cause actual results to differ materially are set forth as risk
factors in The Howard Hughes Corporation's filings with the
Securities and Exchange Commission, including its Quarterly and
Annual Reports. The Howard Hughes Corporation cautions you not to
place undue reliance on the forward-looking statements contained in
this release. The Howard Hughes Corporation does not undertake any
obligation to publicly update or revise any forward-looking
statements to reflect future events, information or circumstances
that arise after the date of this release.
The Howard Hughes Corporation
Cristina Carlson, 646-822-6910
Senior Vice President, Head of Corporate Communications
cristina.carlson@howardhughes.com
For HHC Investor Relations
John Saxon, 281-929-7808
Investor Relations Associate
john.saxon@howardhughes.com
Correne S. Loeffler,
281-929-7787
Chief Financial Officer
correne.loeffler@howardhughes.com
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SOURCE The Howard Hughes Corporation