Pebblebrook Hotel Trust Publishes Fourth Annual ESG Report
November 07 2022 - 7:30AM
Business Wire
Pebblebrook Hotel Trust (NYSE: PEB) (the “Company”) today
announced that it published its fourth annual Environmental
Sustainability and Social Responsibility Report covering the
Company’s Environmental, Social, and Governance (“ESG”) performance
in 2021 and its commitment to environmentally sustainable business
practices and social responsibility to its employees and other
stakeholders.
Pebblebrook’s 2022 ESG Report is aligned with international
reporting standards such as the Global Reporting Initiative
(“GRI”), includes disclosures from the Sustainability Accounting
Standards Board (“SASB”), and reflects the Company’s commitment to
understanding and planning for sustainability risks through the
Task Force on Climate-Related Financial Disclosure (“TCFD”). The
2022 ESG Report also sets forth the Company’s newly established
target to reduce greenhouse gas emissions intensity by 2030.
Notable achievements highlighted in the ESG report include:
Environmental
Sustainability
- Established target to reduce portfolio-wide greenhouse gas
emissions intensity 35% by 2030
- For 2021, 41% decrease in greenhouse gas emission intensity per
square foot vs. baseline year
- For 2021, 25% decrease in energy intensity per square foot vs.
baseline year
- For 2021, 20% decrease in waste intensity per occupied room vs.
baseline year
- 98% of the Company’s properties have digital thermostats
- 91% of the Company’s properties have implemented waste
reduction initiatives
- 85% of the Company’s properties have low flow toilets and other
waste conservation measures
- 71% of the Company’s properties use native or drought tolerant
landscaping to reduce irrigation needs
Social Responsibility
- 60% of the Company’s employees are female
- 76% of properties have eliminated plastic straws on-site
- Progress has been made on developing the Company’s Racial,
Equity, and Inclusion Team (“REIT”)
Governance
- 43% of the Company’s trustees are diverse
- 33% of the Company’s independent trustees are female
The 2022 ESG report and other ESG-related materials can be found
at the following website:
https://pebblebrookhotels.com/corporate-responsibility/
Pebblebrook’s ESG Committee consists of three independent
members of the Board of Trustees and four senior executives,
including Phillip M. Miller (Chairperson and independent trustee),
Cydney C. Donnell (independent trustee), Bonny W. Simi (independent
trustee), Raymond D. Martz (Chief Financial Officer), Gabrielle
Buck (Vice President), Susan Patterson (Vice President), and Austin
Segal (Vice President).
About Pebblebrook Hotel
Trust
Pebblebrook Hotel Trust (NYSE: PEB) is a publicly traded real
estate investment trust (“REIT”) and the largest owner of urban and
resort lifestyle hotels in the United States. The Company owns 51
hotels, totaling approximately 12,800 guest rooms across 15 urban
and resort markets. For more information, visit
www.pebblebrookhotels.com and follow us at @PebblebrookPEB.
For additional information or to receive press
releases via email, please visit our website at
www.pebblebrookhotels.com
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version on businesswire.com: https://www.businesswire.com/news/home/20221107005141/en/
Raymond D. Martz, Chief Financial Officer, Pebblebrook Hotel
Trust - (240) 507-1330
Pebblebrook Hotel (NYSE:PEB)
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