ESG Performance
We are committed to having a robust Corporate Responsibility program that incorporates Environmental, Social and Governance (ESG) strategies into our business to increase both the sustainability and the value of our portfolio.
We respond to various ESG analyst requests on a regular basis and CR questionnaires annually. We set clear goals and targets and expand our monitoring capabilities to ensure we are continuously improving our overall sustainability performance.
A one page snapshot of our Key Performance Indicators
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2023 Company Profile*
42,000
Rooms in Consolidated Portfolio
43,765,526
FT2 in Consolidated Portfolio
*Data as of December 31, 2023.
Environmental Stewardship
Building Certifications
| Indicator | 2023 | 2022 |
|---|---|---|
| Properties with LEED Certification | 14 | 9 |
| Building Certification Goal Completion | 18.2% | 12% |
| Total LEED-Certified Area | 5,009,753 square feet | 3,644,209 square feet |
| LEED Projects in Pipeline at Properties Without Existing LEED Certification | 20 | 24 |
| LEED Projects in Pipeline | 22 | 26 |
Emissions
| Indicator | 2023 | 2022 |
|---|---|---|
| Performance Towards 2030 GHG Emissions Intensity Target | -20.4% | -11.1% |
| Scope 1 & Scope 2 Emissions Intensity | 5.86 kgCO2e/SF | 6.55 kgCO2e/SF |
| Year-on-Year Scope 1 & Scope 2 GHG Emission Intensity Performance | -10.55% | 6.5% |
| Absolute Total Scope 1 & Scope 2 Market-Based Emissions | 256,449 MTCO2e | 285,322 MTCO2e |
| Absolute Scope 1 Emissions | 84,826 MTCO2e | 82,747 MTCO2e |
| Absolute Scope 2 Market-Based Emissions | 171,622 MTCO2e | 202,575 MTCO2e |
| Absolute Scope 2 Location-Based Emissions | 217,877 MTCO2e | 220,702 MTCO2e |
| Absolute Total Scope 3 Emissions | 13,364 MTCO2e | 91,209 MTCO2e |
Energy
| Indicator | 2023 | 2022 |
|---|---|---|
| Portfolio-Wide Energy Intensity | 25.65 kWh/SF | 25 kWh/SF |
| Scope 1 Energy Consumption | 465,842 MWh | 453,960 MWh |
| Absolute Fuel Consumption | 1,122,677 MWh | 1,105,644 MWh |
| Scope 2 Energy Consumption | 656,835 MWh | 654,954 MWh |
Renewable Energy
| Indicator | 2023 | 2022 |
|---|---|---|
| Performance Towards 2030 Renewable Energy Target | 18.17% | 12% |
| Total Renewable Energy Consumed | 107,802 MWh | 70,302 MWh |
| Onsite Renewable Energy Generation | 3,534 MWh | 2,720 MWh |
| Renewable Energy Credit Procurement | 104,628 MWh | 67,582 MWh |
| Total On-Site Solar Capacity Installed | 2,955 kW | 2,856 kW |
| Properties with On-Site Solar Installed or Under Development | 14 | 8 |
Waste
| Indicator | 2023 | 2022 |
|---|---|---|
| Performance Towards 2030 Waste Diversion Target | 71% | N/A |
| Major Renovation Projects with Waste Diversion Data | 93% | N/A |
| Total Tracked Construction Waste | 10,568 Metric Tons | N/A |
| Total Tracked Construction Waste Diversion Rate | 77% | N/A |
| Total Tracked Construction Waste Diverted from Landfill | 8,200 Metric Tons | N/A |
| Operational Waste Generated | 29,569 Metric Tons | 25,064 Metric Tons |
| Total Operational Waste Diverted from Landfill | 23% | 22% |
| Properties Providing Operational Waste Data | 82% | 76% |
Water
| Indicator | 2023 | 2022 |
|---|---|---|
| Performance Towards 2030 Water Intensity Reduction Goal | -0.30% | 4.32% |
| Water Intensity (Per Occupied Room) in Water-Stressed Areas | 0.18 kGal/Occupied Room | 0.19 kGal/Occupied Room |
| Flood Area in Regions with "High" or "Extremely High" Baseline Water Stress | 35.75% | 32.96% |
| Total Water Withdrawn in Regions with "High" or "Extremely High" Baseline Water Stress | 37.07% | 40.84% |
| Absolute Water Withdrawals | 2,699,945 Kilo-Gallons | 2,459,840 Kilo-Gallons |
| Total Net Freshwater Consumption | 809,984 Kilo-Gallons | 737,952 Kilo-Gallons |
| Water Intensity (Per Occupied Room) Across the Consolidated Portfolio | 0.20 kGal/Occupied Room | 0.20 kGal/Occupied Room |
Social Responsibility
Community Investments
| Indicator | 2023 |
|---|---|
| Employees Participating in Charitable Giving and/or Volunteerism | 90% |
| Percent of Nonprofits Selected by Employees | 63% |
| Number of Nonprofits Supported | 201 |
Workforce
| Indicator | 2023 |
|---|---|
| Employee Engagement Survey - High Engaged Response | 88% |
| Employee Engagement Survey Response Rate | 98% |
| Employees Trained on Diversity Topics Including Unconscious Bias | 98% |
| Percentage of Employees that Completed Code of Business Conduct and Ethics Training | 100% |
| Percentage of Employees that Receive Cybersecurity Training | 100% |
| Total Employees | 163 |
| Full-Time Employees | 99% |
| Average Years of Tenure of All Employees | 13 Years |
