Climate Change Data

Pebblebrook Hotel Trust

Climate Impact & Sustainability Data (2019, 2023)

Reporting Period: 2019

Environmental Metrics

Total Carbon Emissions:83,245 tCO2e/year
Scope 1 Emissions:28,861 tCO2e/year
Scope 2 Emissions:54,384 tCO2e/year
Scope 3 Emissions:Not disclosed
Renewable Energy Share:10.59%
Total Energy Consumption:331,708 MWh/year
Water Consumption:600,290 m3/year
Waste Generated:Not disclosed
Carbon Intensity:6.85 kgCO2e per sq ft

ESG Focus Areas

  • Environmental Responsibility
  • Social Engagement
  • Corporate Governance

Environmental Achievements

  • Decreased energy intensity by 11.6% since 2013
  • Decreased GHG emission intensity by 24.2% since 2013
  • Decreased water intensity by 5.1% since 2014
  • Over 54% of properties have a minimum of 90% LED lighting
  • Over 63% of properties have eliminated plastic straws
  • Nearly $13 million spent on environmental initiatives

Social Achievements

  • Instituted a non-fraternization policy
  • Implemented a Desk Wellness Series and Health Incentive Program
  • $70,000 in charitable donations
  • 125 volunteer hours contributed
  • 90% of staff involved in Community Work Day

Governance Achievements

  • Established an ESG Committee
  • Two out of six independent board members are women
  • Promotes transparency and accountability through a code of business conduct and ethics

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Eliminate single-use plastics in more than 60% of the portfolio

Environmental Challenges

  • Climate change risks (rising sea levels, extreme weather)
  • Environmental degradation
  • Rising public concern towards environmental issues
  • Competitors pursuing sustainability
  • Toughening environmental laws and regulations
  • Impact of third-party managers' business decisions on ESG practices
Mitigation Strategies
  • Development of a disaster recovery plan
  • Investment in energy conservation and GHG reduction projects
  • Investment in water conservation projects
  • Implementation of more environmentally friendly toiletries
  • Use of environmentally friendly materials in renovations
  • Engagement with third-party managers to encourage sustainable practices

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Use of environmentally friendly materials (low-to-zero VOC paints, FSC-certified lumber)

Climate-Related Risks & Opportunities

Physical Risks
  • Rising sea levels
  • Extreme weather events (hurricanes, floods, droughts)
Transition Risks
  • Toughening environmental laws and regulations
Opportunities
  • Investment in energy efficiency projects

Reporting Standards

Frameworks Used: GRI, GRESB

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Goal 7 (Affordable and Clean Energy)
  • Goal 8 (Decent Work and Economic Growth)
  • Goal 11 (Sustainable Cities and Communities)
  • Goal 12 (Responsible Consumption and Production)
  • Goal 13 (Climate Action)
  • Goal 15 (Life on Land)

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:65,935.51 metric tons CO2e
Scope 1 Emissions:22,327.39 metric tons CO2e
Scope 2 Emissions:43,608.12 metric tons CO2e
Renewable Energy Share:12.7%
Total Energy Consumption:275,757.84 MWh
Water Consumption:485,502.16 kilo-gallons
Waste Generated:12,437.51 metric tons
Carbon Intensity:5.71 kgCO2e/sq ft (2023)

ESG Focus Areas

  • Climate Change
  • Resource Efficiency
  • Biodiversity
  • Racial Equity and Inclusion
  • Employee Well-being
  • Community Engagement
  • Human Rights
  • Responsible Procurement

Environmental Achievements

  • Reduced Greenhouse Gas Emission Intensity by 37.5% from 2013 baseline
  • Reduced Energy Intensity by 24.1% from 2013 baseline
  • Reduced Waste Intensity by 66.6% from 2018 baseline
  • 1 Hotel San Francisco achieved LEED Gold Certification for Operations and Maintenance
  • Invested $579,455 in energy, water, and waste efficiency projects

Social Achievements

  • Introduced Head of Employee Experience to improve work environment
  • Racial Equity and Inclusion Team (REIT) strengthened engagement initiatives
  • Supported local and national charities through donations and volunteering
  • Annual employee survey showed positive trajectory in employee satisfaction

Governance Achievements

  • ESG Committee oversees sustainability program and reports to the Board
  • Sustainability goals tied to annual cash bonus payout program
  • Continued alignment with TCFD standards

Climate Goals & Targets

Long-term Goals:
  • Reduce carbon emissions intensity by 35% by 2030 (from 2013 baseline)
  • Review pathways towards net-zero emissions by 2050
  • All properties to have energy, carbon, water, and waste reduction targets in place by end of 2026
Medium-term Goals:
  • Eliminate or minimize single-use plastics by end of 2025
  • All properties to have energy, carbon, water, and waste reduction plans in place by end of 2025
Short-term Goals:
  • Eliminate single-use plastic straws by end of 2024
  • Undertake at least one community fundraising event per property per year by end of 2024
  • All associates to participate in a volunteering activity each year by end of 2024

Environmental Challenges

  • Supply chain disruptions
  • Extreme weather events (hurricanes, fires, mudslides, droughts)
  • Increased cost or lack of supply of raw materials
  • Rising sea levels
  • Increase in global temperatures
  • Increased stakeholder concerns and activism
  • Increased guest preferences for ESG-friendly hotel products
  • Regulatory changes
  • Increased insurance costs
  • Uncertainty in market signals
Mitigation Strategies
  • Investments in adequate property and business interruption insurance programs
  • Efficiency investments
  • Investments in infrastructure
  • Onsite energy generation (solar)
  • Preventative maintenance
  • Environmental evaluation of potential acquisitions
  • Establishment of goals and targets
  • Portfolio-wide communication of climate actions
  • Elimination of single-use plastics
  • Participation in ESG disclosure frameworks and benchmarking
  • Responsible purchasing program
  • Expanding existing supply chain vendors
  • Skills development and training
  • Property level sustainability risk assessments as part of the due diligence process for acquisitions
  • Evaluations of probable maximum loss and communications with property insurance carriers
  • Weekly calls with property-level revenue managers to determine market conditions
  • Review daily on-the-books data to track booking trends
  • Implementing an annual employee satisfaction survey

Supply Chain Management

Responsible Procurement
  • Supplier Code of Conduct
  • Sourcing of materials from manufacturers with high production standards and compliance with environmental laws
  • Inspections of manufacturing facilities
  • Prioritization of local and domestic sourcing

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
  • Rising sea levels
  • Increased global temperatures
  • Increased cost or lack of supply of raw materials
Transition Risks
  • Increased stakeholder concerns
  • Regulatory changes
  • Increased insurance costs
  • Supply chain disruptions
  • Market uncertainty
Opportunities
  • Increased consumer preference for ESG-friendly hotels
  • Higher employee satisfaction through ESG integration
  • Lower resource use and costs through efficiency investments
  • Faster adoption of sustainable alternatives

Reporting Standards

Frameworks Used: TCFD, GRI, UN SDGs

Certifications: LEED Gold (1 Hotel San Francisco), Florida Green Lodging Program (Margaritaville Hollywood Beach Resort), Green Seal (Argonaut Hotel, Westin Copley Boston, W Boston), Green Key Eco-Rating Program (Estancia La Jolla Hotel & Spa, Inn on Fifth, San Diego Mission Bay Resort, The Marker Key West Harbor Resort, Argonaut Hotel), Green Globe (The Marker Key West Harbor Resort)

UN Sustainable Development Goals

  • Goal 2 (Zero Hunger)
  • Goal 3 (Good Health and Well-being)
  • Goal 4 (Quality Education)
  • Goal 5 (Gender Equality)
  • Goal 6 (Clean Water and Sanitation)
  • Goal 7 (Affordable and Clean Energy)
  • Goal 8 (Decent Work and Economic Growth)
  • Goal 9 (Industry, Innovation, and Infrastructure)
  • Goal 10 (Reduced Inequalities)
  • Goal 11 (Sustainable Cities and Communities)
  • Goal 12 (Responsible Consumption and Production)
  • Goal 13 (Climate Action)
  • Goal 14 (Life Below Water)
  • Goal 15 (Life on Land)
  • Goal 16 (Peace, Justice, and Strong Institutions)
  • Goal 17 (Partnerships for the Goals)

Pebblebrook's initiatives contribute to these goals through various programs and investments.

Sustainable Products & Innovation

  • Compostable coffee pods
  • Locally sourced food options
  • Recycled materials in renovations

Awards & Recognition

  • Pebby Awards for environmental and social impact