Hyatt Joins Clinton Global Initiative to Advance Global Philanthropic Commitment
2013-14 Membership Commitment Will Further Company’s Corporate Responsibility Vision
CHICAGO - September 25, 2013 - (BUSINESS WIRE) - Hyatt Hotels Corporation (NYSE: H) is "Mobilizing for Impact" as a first-time participant in the 2013 Clinton Global Initiative (CGI) Annual Meeting. Hyatt Executive Vice President and Chief Human Resources Officer Robb Webb will serve as the company’s delegate to the annual meeting. In addition to meeting with potential partners and thought leaders to inform Hyatt’s forthcoming CGI commitment, Webb served as a featured guest on the live webcast conference for Laureate International Universities, addressing more than 780,000 students around the world on how Hyatt is using its global brand presence to empower associates to make a difference in their own communities.
"We’re looking forward to connecting with innovators and collaborators who share Hyatt’s passion for caring for people and creating thriving communities all over the world," said Webb. "CGI’s vision of mobilizing for impact and turning ideas into positive actions is exactly what Hyatt is all about. Through our collaboration with CGI and a variety of partners, we can create lasting, scalable success in the neighborhoods where our hotels are located, where our associates live and work and our guests come to visit. As our company continues on its journey to make a difference, we will continue to work with partners and allies that also have human care and human spirit at the heart of their business."
The company, which earlier this year launched its Ready to Thrive philanthropy program to support education as a critical foundation for future success, is among the newest CGI members and expects to announce its formal commitment focused on caring for people and communities and advancing its global philanthropic commitment in 2014.
A Long-Standing Commitment to People and Communities
In 2011, Hyatt launched its signature corporate responsibility platform, Hyatt Thrive. Focused on care and responsibility, Hyatt Thrive formalized the company’s long-standing commitment to its people, the communities where its hotels operate and the planet. Along with establishing targets for reducing the company’s environmental impact, Hyatt Thrive sets a global vision of promoting responsible business practices across four key areas: environmental sustainability, education and personal advancement, economic development and investment, and health and wellness.
Hyatt expanded its corporate responsibility commitment with the launch of Ready to Thrive in 2013, a multi-year philanthropic commitment to education initiatives in Hyatt communities around the world. With a focus on literacy and career readiness, Ready to Thrive supports community organizations and programs that offer a launching point for individuals to learn and develop the critical skills needed to professionally advance.
Earlier this year, Hyatt also issued an update to its biannual corporate responsibility report, highlighting key milestones and initiatives for calendar year 2012. The full report is available at http://thrive.hyatt.com/responsibilityreport.html.
For more information on Hyatt Thrive, please visit www.HyattThrive.com.
The term "Hyatt" is used in this release for convenience to refer to Hyatt Hotels Corporation or one or more of its subsidiaries and affiliates.
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® brand names and have locations on six continents. Hyatt Residential Group, Inc., a Hyatt Hotels Corporation subsidiary, develops, operates, markets or licenses Hyatt ResidencesTM and Hyatt Residence ClubTM. As of June 30, 2013, the Company's worldwide portfolio consisted of 524 properties in 46 countries. For more information, please visit www.hyatt.com.
About the Clinton Global Initiative (CGI)
Established in 2005 by President Bill Clinton, the Clinton Global Initiative (CGI), an initiative of Bill, Hillary & Chelsea Clinton Foundation, convenes global leaders to create and implement innovative solutions to the world’s most pressing challenges. CGI Annual Meetings have brought together more than 150 heads of state, 20 Nobel Prize laureates, and hundreds of leading CEOs, heads of foundations and NGOs, major philanthropists, and members of the media. To date CGI members have made more than 2,300 commitments, which are already improving the lives of more than 400 million people in over 180 countries. When fully funded and implemented, these commitments will be valued at $73.5 billion.
CGI also convenes CGI America, a meeting focused on collaborative solutions to economic recovery in the United States, and CGI University (CGI U), which brings together undergraduate and graduate students to address pressing challenges in their community or around the world, and, this year, CGI Latin America, which will bring together Latin American leaders to identify, harness, and strengthen ways to improve the livelihoods of people in Latin America and around the world. For more information, visit clintonglobalinitiative.org and follow us on Twitter @ClintonGlobal and Facebook at facebook.com/clintonglobalinitiative.
Forward-Looking Statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Our actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by the use of words such as "may," "could," "expect," "intend," "plan," "seek," "anticipate," "believe," "estimate," "predict," "potential," "continue," "likely," "will," "would" and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, among others, the rate and pace of economic recovery following economic downturns; levels of spending in business and leisure segments as well as consumer confidence; declines in occupancy and average daily rate; if our third-party owners, franchisees or development partners are unable to access the capital necessary to fund current operations or implement our plans for growth; changes in the competitive environment in our industry and the markets where we operate; our ability to access the capital markets; and other risks discussed in the Company's filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-K, which filings are available from the SEC. We caution you not to place undue reliance on any forward-looking statements, which are made as of the date of this press release. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable laws. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.
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