Our Corporate Responsibility Commitment
As owners of valuable real estate assets on behalf of our stockholders, we recognize the importance of corporate responsibility. We are committed to sustainable business practices that encourage a culture of operational, environmental and social responsibility through our business activities regardless of geographic location, within the scope of our capabilities, and consistent with applicable laws and regulations and our Code of Business Conduct and other policies. We strive to foster open dialogue with and active participation by our stakeholders in advancing our corporate responsibility initiatives as part of our business practices, including the ongoing development, implementation and evaluation of these commitments and periodic stakeholder materiality assessments to obtain direct feedback and inform our strategies.
Our Core Commitments
Environmental Responsibility
Our commitment to environmental responsibility is embodied by our efforts to improve the environmental performance of our headquarters and externally managed golf course operations and to promote the sustainability and long-term climate resilience of properties across our triple-net leased portfolio by supporting our tenants’ implementation of environmental sustainability initiatives at our properties (as feasible within the scope of our triple-net lease structure).
Social Responsibility
Our commitment to social responsibility is embodied by our ongoing efforts to nurture our company culture and provide for the health, safety, wellbeing, professional development and satisfaction of our employees. We also seek to drive societal impact through supporting the charitable organizations and communities in which we operate and own properties and demonstrate our commitment to corporate social responsibility through volunteering, regular giving, and taking advantage of unique opportunities as they arise.
Operational Responsibility
We are committed to business ethics, as reflected in our Code of Business Conduct, which establishes our policy to conduct our business activities with the highest level of integrity and ethical standards and our expectation that our officers, employees, and directors adhere to high ethical standards in their conduct with respect to areas including anti-money laundering, anti-corruption and anti-bribery, gifts and entertainment, potential conflicts of interest, competition and fair dealing, sanctions, and strict compliance and reporting requirements.
Corporate Responsibility Reporting
On an annual basis, we release a consolidated report outlining our continuing efforts to advance our corporate responsibility initiatives. Our annual report includes substantive information and updates, as well as indices in alignment with or in reference to the Global Reporting Initiative (GRI), the Task-Force on Climate-Related Financial Disclosures (TCFD) framework, the Sustainability Accounting Standards Board (SASB) – Real Estate Standard, and the UN Sustainable Development Goals (UN SDGs).
Our most recent report, the VICI Properties 2024-2025 Corporate Responsibility Report, was released in September 2025. Our historical annual reports are also available below and upon request:
Impact of our Triple-Net Lease Structure
Within our real estate investment trust (“REIT”) model, our leased properties are subject to long-term triple-net leases, which generally provide that our tenants retain exclusive operational control of the properties and are solely responsible for management and operation of the property and all related expenses, including taxes, insurance, operating expenses such as maintenance, repair, and capital improvement, and utilities. Our corporate responsibility efforts, pursued under our three pillars of Operational Responsibility, Social Responsibility and Environmental Responsibility, are guided by the characteristics of our triple-net lease operating model and additional considerations given the highly regulated nature of the gaming industry. For additional information, please refer to Our Triple-Net Lease Model.
Corporate Responsibility Oversight
Our Board of Directors, through the Nominating and Governance Committee, has ultimate oversight of the Company’s Corporate Responsibility programs. The Nominating and Governance Committee is responsible for, among other things, reviewing and overseeing our environmental sustainability and corporate social responsibility policies, goals, and initiatives, as well as our corporate governance policies and practices. For further details, please refer to the Nominating and Governance Committee Charter.
Our Corporate Responsibility program is led internally by the Corporate Responsibility Committee, which consists of employees across functional areas and professional levels, including our Executive Vice President, Chief Financial Officer and Executive Vice President, General Counsel. The Corporate Responsibility Committee meets regularly to consider, implement, and oversee our Corporate Responsibility strategy and initiatives, and reports to the Nominating and Governance Committee on a quarterly basis.
Working across our three pillars of Operational Responsibility, Social Responsibility, and Environmental Responsibility, the Corporate Responsibility Committee’s objectives are to:
- Develop and refine our environmental and social responsibility program and initiatives in alignment with leading reporting standards and frameworks.
- Monitor and oversee developments with respect to environmental sustainability and climate change risk, including regulatory compliance and tenant engagement.
- Provide consistent and transparent disclosures to stakeholders, communicating our objectives, goals, strategies, and updates, including publication of an annual report and additional website disclosures.
- Report to executive leadership, the Nominating and Governance Committee and the Board, as applicable, with respect to these matters and related developments and educate the broader VICI team.
In addition, the Company has various employee-led initiatives that contribute to components of our Corporate Responsibility program, including the Management Committee, the Employee Advisory Committee and our VICI Volunteers. Refer to our most recent Corporate Responsibility Report for additional information on these committees and their efforts.
Commitment to Corporate Governance
In addition to our Corporate Responsibility programs, we are committed to maintaining the highest standards of corporate governance, which we believe promotes long-term value creation, transparency and accountability to our stockholders. Our commitment to corporate governance is integral to our business and reflects not only regulatory requirements, NYSE listing standards and broadly recognized governance practices, but also effective leadership and oversight by our senior management team and Board of Directors.
Last updated: September 8, 2025