BETHESDA, MD.—Pebblebrook Hotel Trust announced that it published its fifth annual Environmental Sustainability and Social Responsibility Report covering the company’s Environmental, Social, and Governance (ESG) performance in 2022 and its commitment to environmentally sustainable business practices and social responsibility to its employees and other stakeholders.
Pebblebrook’s 2023 ESG Report is aligned with international reporting standards such as the Global Reporting Initiative (GRI) and includes pivotal disclosures in accordance with the Real Estate Sustainability Accounting Standard of the Sustainability Accounting Standards Board (SASB). It also demonstrates Pebblebrook’s proactive approach in evaluating and planning for sustainability risks following the guidelines of the Task Force on Climate-Related Financial Disclosure (TCFD). Additionally, the report highlights the company’s progress towards significantly reducing its greenhouse gas emissions intensity by 2030.
Key achievements highlighted in the 2023 ESG Report include:
Environmental Sustainability
- 1 Hotel San Francisco recently applied for LEED Gold Certification for Operations and Maintenance;
- A 37 percent reduction in greenhouse gas emission intensity per square foot, compared to the baseline year;
- A significant 23 percent decrease in energy intensity per square foot;
- An impressive 58 percent reduction in waste intensity per occupied room;
- The implementation of regular maintenance checks for energy and water equipment across all properties;
- The appointment of a Green Ambassador at each hotel;
- The installation of low-flow toilets and other waste-saving measures in 92 percent of properties; and
- The elimination of plastic straws in 84 percent of properties.
Social Responsibility
- A diverse workforce, with 51 percent female employees;
- Ongoing development of the company’s Racial, Equity, and Inclusion Team (REIT); and
- Support for over 10 charitable organizations through donations, hotel stays, and employee volunteer efforts.
Governance
- A diverse Board of Trustees, with 50 percent of independent trustees from diverse backgrounds, and
- 33 percent of independent trustees are female.
Pebblebrook’s dedication to ESG principles highlights its role as a responsible corporate citizen and sets a benchmark in the hospitality industry for sustainable and equitable practices.
The 2023 ESG report and other ESG-related materials can be found at the following website: https://pebblebrookhotels.com/corporate-responsibility/.
