Ryman Hospitality Properties, Inc. (RHP) — ESG & Values Scores

Environment story

RHP operates as a REIT in the hospitality and entertainment sectors with limited disclosed environmental management infrastructure. Scope 1, 2, and 3 emissions are not disclosed in available filings. No net-zero target year is publicly stated. The company acknowledges environmental risks including hazardous materials liability, wetlands/coastal zone regulations, and climate change compliance costs, but no verified decarbonization investments or renewable energy commitments are evident. Flood risk at Gaylord Opryland is managed through levee enhancements and insurance rather than emissions reduction. The absence of transparent carbon accounting and forward-looking climate targets results in substantial deductions from the baseline score.

Criticisms on file

Absence of disclosed Scope 1, 2, or 3 emissions data and no stated net-zero commitment or climate target.
Source: RHP 10-K 2025, Risk Factors section; MD&A lacks environmental performance metrics.
Reliance on third-party hotel manager (Marriott) for operational environmental compliance; limited direct control over sustainability practices at managed properties.
Source: RHP 10-K 2025, Risk Factors: 'Because we rely on third-party managers to operate our hotel properties and certain attractions, we have limited control over ensuring compliance at those locations with applicable environmental laws.'
Flood risk at Gaylord Opryland managed through insurance and levee height rather than climate adaptation or emissions reduction strategy.
Source: RHP 10-K 2025, Risk Factors: 'Gaylord Opryland, which is located adjacent to the Cumberland River and is protected by levees built to sustain a 100-year flood, suffered flood damage on May 3, 2010.'

Disclosed initiatives

Levee Enhancement at Gaylord Opryland

Physical enhancements to levees protecting the property from 100-year flood events, completed post-2010 flooding incident.

Risk mitigation for flood-prone asset; does not constitute direct decarbonization.
Environmental Compliance Management

Acknowledgement of federal, state, and local environmental laws pertaining to hazardous materials, wetlands, and coastal zone preservation; reliance on third-party hotel managers (Marriott) for operational compliance.

Reactive compliance framework with limited proactive environmental stewardship.

Social story

RHP operates through unionized hospitality labor at certain properties managed by Marriott, with mixed labor relations indicators. CEO-to-median-worker pay ratio is not disclosed. Workforce diversity metrics are not explicitly reported for the parent company. Supply-chain labor standards are delegated to Marriott and third-party operators, limiting direct oversight. Labor costs and wage pressures are acknowledged as material cost drivers. Recent labor disputes or union-suppression activities are not documented in available filings. The company faces ongoing litigation risks common to hospitality operators, including employment law claims, though historical resolutions are described as immaterial. Overall, social performance is constrained by outsourced operations and lack of transparent diversity/compensation disclosures.

Criticisms on file

CEO-to-median-worker pay ratio not disclosed; diversity metrics (gender, race/ethnicity) for leadership and workforce not transparently reported in 10-K.
Source: RHP 10-K 2025; absence of EEO-1 data or diversity dashboard in MD&A and Risk Factors.
Labor disputes and unionization risks acknowledged; potential for strikes, lockouts, and negative publicity; increased labor costs from collective bargaining agreements managed by Marriott, not RHP.
Source: RHP 10-K 2025, Risk Factors: 'We are subject to risks associated with our hotel managers' employment of hotel personnel, particularly with hotels whose managers employ unionized labor, which could increase our hotels' operating costs, reduce the flexibility of our third-party hotel managers to adjust the size of the workforce at our hotel properties.'
Hospitality industry class-action litigation exposure; prior lawsuits related to workplace discrimination, privacy breaches, and employment law violations; no evidence of systematic remediation or disclosure of settled claims.
Source: RHP 10-K 2025, Risk Factors: 'Hospitality companies have been the target of class actions and other lawsuits alleging violations of federal and state law. A number of these lawsuits have resulted in the payment of substantial damages by the defendants. Similar lawsuits have been instituted against us from time to time and were resolved in an immaterial manner.'

Disclosed initiatives

Labor Cost Management and Wage Pressures

Company acknowledges labor shortages, wage increases, and competition for talent as ongoing operational challenges; reliance on Marriott to manage workforce recruitment and retention at hotel properties.

Reactive cost management rather than proactive labor equity programs.
Employee Benefit and Compensation Programs

Administrative employment costs tracking included in segment financials; pension obligations acknowledged and managed through consolidated balance sheet.

Standard benefit administration without disclosed equity or diversity initiatives.

Governance story

RHP operates as a self-administered REIT with a board structure subject to public company disclosure requirements. Board independence percentage is not explicitly disclosed in the 10-K. The company maintains a single-class share structure with ownership restrictions to preserve REIT qualification (9.8% beneficial ownership limit). Lobbying expenditures and political activity are not detailed in the filings. The company faces REIT-specific governance constraints, including restrictions on hedging and asset allocation; the board retains authority to revoke REIT status without shareholder approval. No material antitrust, consumer-safety, or fraud proceedings are documented. Reliance on third-party hotel manager (Marriott) creates operational governance dependency; disputes are resolved through negotiation or arbitration rather than formal control. Governance framework is compliant with REIT requirements but lacks transparency on board composition and political engagement.

Criticisms on file

Board independence percentage not disclosed; board composition and director biographies absent from 10-K abstract provided.
Source: RHP 10-K 2025; board section not included in source documents.
Board authority to revoke REIT status without shareholder approval; potential for unilateral tax-status change affecting investor returns and REIT qualification benefits.
Source: RHP 10-K 2025, Risk Factors: 'Our Amended and Restated Articles of Incorporation ("Charter") provides that the board of directors may revoke or otherwise terminate the REIT election, without the approval of our stockholders, if it determines that it is no longer in our best interest to continue to qualify as a REIT.'
Ownership restrictions and anti-takeover provisions in Charter and Bylaws (9.8% ownership limit, advance notice requirements, prohibition on written consent) may limit shareholder activism and voting flexibility.
Source: RHP 10-K 2025, Risk Factors: 'Our Charter and our Second Amended and Restated Bylaws contain provisions that could delay, deter or prevent a change in control of our company or our management.'
Lobbying expenditure disclosure and political activity alignment not detailed in available 10-K sections; PAC contributions and trade association affiliations not enumerated.
Source: RHP 10-K 2025; political engagement not discussed in MD&A or Risk Factors.

Disclosed initiatives

REIT Compliance and Governance Framework

Adherence to REIT qualification requirements under IRC §856-860; board oversight of asset diversification, income sources, and distribution requirements; annual audit and financial reporting.

Mandatory governance framework aligned with federal tax law; constrains strategic flexibility but ensures regulatory compliance.
Third-Party Management Agreement Oversight

Hotel management agreements with Marriott include consent and approval rights for certain operational matters; disputes resolved through discussion, negotiation, or third-party arbitration.

Indirect governance through contractual mechanisms; limited direct operational control.
Debt Covenant Compliance

Credit facility and senior notes include financial covenants (minimum fixed charge coverage ratio, minimum implied debt service coverage ratio, maximum funded debt-to-asset value ratio); regular covenant testing and reporting.

Financial discipline and lender alignment; restricts dividend and capital allocation flexibility.

These are Missionomics' own editorial scores — directional signals built from disclosed facts under a published method, not certifications or definitive ratings of Ryman Hospitality Properties, Inc.. Coverage and confidence vary by data point, and figures can lag real-world changes. Read the full Methodology for sourcing, scoring, and correction details — or open Ryman Hospitality Properties, Inc. in the app for interactive charts and portfolio building.

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