OUR CORE COMMITMENT
Our commitment to environmental responsibility is embodied primarily by our efforts to improve the environmental performance of our headquarters and externally managed golf course operations. We are also committed to promoting 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).
Environmental Sustainability
We are committed to identifying ways to reduce our overall resource requirements and improve efficiencies to promote environmental performance improvement and implement sustainable practices across our operations. Within our contractual and regulatory abilities, we encourage our tenants to pursue similar goals within our triple-net leased portfolio.
To that end, we have implemented various environmental sustainability initiatives at our corporate headquarters and our golf courses, including policies and procedures across our operations and capital improvements at our golf courses to reduce energy usage and emissions, reduce water consumption and improve efficiencies, reduce waste generation and increase recycling and waste diversion. We also request sustainability and utility data from our tenants through our annual asset-level data survey to inform our understanding of sustainability across our triple-net leased portfolio.
We have consulted internal and external stakeholders on the development and implementation of this environmental sustainability policy within the scope of our operations. The Corporate Responsibility Committee is responsible for the execution of the aspects set forth in this policy, which is endorsed by Executive Leadership, and overseen by the Board of Directors.
For additional information with respect to our resource conservation and sustainability efforts, refer to Responsible Water Usage, Reducing Energy Usage and Emissions, and Waste, Recycling, and Repurposing.
Our Corporate Headquarters
At our corporate headquarters, we have instituted various sustainability measures, such as promoting energy efficiency by implementing occupancy sensors and shutting down lighting and computer systems every day, monitoring utility usage, implementing a recycling program, including the recycling of wastepaper products, glass, metal and electronics, and discouraging single-use plastic bottles and other forms of waste.
Our Golf Courses
Our four owned golf courses are managed and operated by CDN Golf Management Inc. d/b/a Cabot-Managed Properties (“Cabot-Managed Properties”), an affiliate of Cabot, a developer, owner, and operator of world-class destination golf resorts and communities. We and Cabot-Managed Properties are committed to sustainability at our golf courses in recognition of Cabot’s commitment to pursue innovation in sustainable golf course management. We actively work together with Cabot-Managed Properties to further advance our sustainability initiatives at our golf courses, including a broad range of property and operational improvements intended to improve our overall efficiency, reduce water and energy usage, support biodiversity, and demonstrate a commitment to environmental sustainability. For additional information on our golf courses, please refer to VICI Golf.
Our Triple-Net Lease Portfolio
We currently own 93 experiential assets across a geographically diverse portfolio consisting of 54 gaming properties and 39 other experiential properties across the United States and Canada. Our tenants at our triple-net leased properties retain exclusive operational control of the properties through the life of the leases and independently operate their businesses while serving as long-term stewards of our real estate assets, including with respect to the environmental sustainability and performance of our assets.
- We are committed to working with our tenants to promote environmental responsibility at our properties, align our sustainability initiatives and establish shared goals.
- We work to establish and maintain positive relationships through ongoing communication with each of our tenants to facilitate a dialogue regarding environmental sustainability initiatives, priorities and developments, potential collaboration opportunities, and the reporting of available property-level sustainability information.
- We endeavor to incorporate green lease provisions into our triple-net lease agreements, which generally address cooperation with respect to potential environmental sustainability programs, data sharing and the avoidance of waste in our tenants’ operations at our properties.
- As a strategic partner and capital provider, we also encourage our tenants to advance environmental sustainability initiatives in their own operations and consistent with the terms of our lease agreements. To that end, we continue to explore additional programs through which we seek to encourage and potentially finance our tenants’ implementation of sustainability, energy efficiency, and climate change mitigation measures at our triple-net leased properties, including the incentivization of sustainability-related capital expenditure projects and the funding of sustainability-oriented capital improvement projects initiated by our tenants through our Partner Property Growth Fund strategy.
Introduction to the Triple Net Lease Model
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 properties and all related expenses, including taxes, insurance, operating expenses such as maintenance, repair, and capital improvement, and utilities. For additional information, please refer to Our Triple-Net Lease Model.
Environmental Responsibility Topics and Commitments
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:
Last updated: September 8, 2025