Commercial, Energy Efficiency, GHG Emissions - November 12, 2019
Pebblebrook Hotel Trust drops emissions, energy intensity
Pebblebrook Hotel Trust saw a 24% decrease in emission intensity, a 12% decrease in energy intensity and instituted various successful energy management practices during the last year, outlined in their 2018 ESG report.
According to the report, 93% of Pebblebrook’s properties now use an environmental management system and 55% have a Sustainability Coordinator.
The ESG report was in line with the international reporting standards such as the Global Reporting Initiative and the Global Real Estate Sustainability Benchmark.
“Since 2016, we have invested nearly $13.0 million in environmental initiatives, on top of significant investments in our hotels dating back to 2010,” Raymond D. Martz, Chief Financial Officer of Pebblebrook Hotel Trust, said in a statement. “These investments have enabled our properties to reduce their greenhouse gas emissions while lowering our energy and water usage, which have created expense savings across our portfolio. We’re pleased that our environmentally sustainable capital investments continue to benefit both our communities and shareholders.”