Responsibility

 

Social and Environmental Responsibility

 Social Responsibility

 KSL takes its role in the communities within which it operates very seriously.  Many of KSL’s investments involve a large physical presence within the local community, and its hotels, resorts, clubs, ski areas and other operations are often significant local employers as well as important tourist attractions that help drive the local economies. 

 One important benefit to local communities through KSL’s investments is often significant capital improvement in the businesses it acquires.  Since 2006, KSL through its portfolio companies has invested over $700 million in capital improvements to its businesses.  While construction projects provide an immediate benefit to the local community in terms of creating new jobs, it is the long term impact of heavily investing in its businesses that has the greatest impact not only by creating new customers but also by creating new amenities for the local residents to enjoy.  Perhaps most importantly, investment in these businesses creates new, long-term jobs as more amenities and more customers create the need for more employees. 

 Volunteering and charitable giving are important aspects of KSL’s businesses within their local communities.  Whether it is ClubCorp hosting events such as the largest one day golf charity event in the world, Squaw Valley helping to fight hunger in Lake Tahoe and bringing underprivileged youths to ski, our resorts and clubs making their facilities available to numerous outside groups to host their own charitable events, or creating programs for employees to be able to devote time and resources to “give back,” charitable giving and volunteering of our employees’ time and expertise are important components of the culture of social responsibility that KSL helps foster.

 

Environmental Responsibility

 Being environmentally responsible has perhaps never been more important.   From updating their sources of energy usage to be more efficient, to recycling programs, to encouraging their members and guests to be more energy efficient through “green” programs, KSL is committed in helping its businesses be environmentally responsible.  For example, each of KSL's resort properties managed by KSL Resorts has received a Green Seal Certification, an independent third party sustainability standard indicating that the resorts have demonstrated:

           -   Energy efficiency, conservation and management

           -   Conservation of fresh water resources

            -   Waste minimization, reuse and recycling

            -   Waste water management

            -   Toxins and hazardous substance mitigation

            -   Environmentally sensitive purchasing

In addition, KSL is committed to protecting the environment for future generations to enjoy.  For example, 24 of ClubCorp's golf courses are Certified Audubon Cooperative Sanctuaries for Golf, which indicates that the courses have met specified criteria for environmental management standards. Squaw Valley is likewise exploring ways to restore Squaw creek, a natural creek that runs through Squaw Valley whose path was altered decades ago.

 

Squaw Valley & Alpine Meadows
Lake Tahoe, California