AUSTIN, TEXAS—Summit Hotel Properties, Inc. announced the publication of its annual Corporate Responsibility Report for 2023, which presents the company’s ongoing commitment to creating long-term value for the business and industry by investing responsibly in safeguarding the environment and supporting its employees, communities, and other stakeholders.
“We are pleased to publish an updated report detailing our significant progress regarding environmental, social, and governance initiatives. Over the past year, we have developed a climate action plan to achieve our emissions reduction target of 30 percent by year-end 2025. Our climate plan includes active data and energy management programs and systems to enhance building and operational efficiencies and continued investments in clean energy. As of year-end 2022, we have reduced our emissions by 15 percent from our 2019 baseline year by reducing our energy consumption by 7 percent from our 2019 baseline year and increasing the percentage of our electricity sourced from clean energy to 6 percent. We have expanded our electric vehicle charging infrastructure by 15 percent and increased the number of properties with Energy Star certifications by 60 percent over the prior year,” stated Jonathan P. Stanner, President and CEO. “Our efforts relating to diversity, equity and inclusion have resulted in our corporate employee workforce becoming increasingly diversified over the past year with individuals from underrepresented groups employed with our company increasing from 48 percent at year-end 2021 to 56 percent at year-end 2022. Through the Summit Foundation, we have continued our ongoing deep commitment to supporting our local communities with significant charitable giving and volunteer service hours.”
The company has set performance reduction targets for greenhouse gas emissions and water using the Greenhouse Gas Protocol as a guideline and aligned its program with the Global Reporting Initiative and Task Force on Climate-Related Financial Disclosures frameworks to identify sustainability issues that are material to its business. The company has also developed new social programs to promote greater inclusion and connectivity between its employees and operating partners and continues to invest in human capital development through numerous employee training and education opportunities. The Corporate Responsibility Report is designed to help stakeholders better understand the company’s commitments to environmental stewardship, social responsibility and governance, and resilience. The report can be viewed in the “Responsibility” section of the company’s website at http://www.shpreit.com/responsibility/about.
