Apple Hospitality REIT
Apple Hospitality REIT, Inc. is a prominent real estate investment trust (REIT) headquartered in Richmond, Virginia. Founded in 2003, the company has established itself as a leader in the hospitality industry, focusing on the acquisition and management of upscale, select-service hotels across the United States. With a diverse portfolio of over 200 properties, Apple Hospitality REIT is known for its commitment to quality and guest satisfaction. The company primarily operates in major metropolitan areas and key travel destinations, offering a unique blend of amenities and services that cater to both business and leisure travellers. Notable achievements include a strong market position, consistently high occupancy rates, and a reputation for operational excellence. Apple Hospitality REIT continues to innovate within the hospitality sector, ensuring a memorable experience for guests while delivering value to its investors.
DitchCarbon Score
How does Apple Hospitality REIT's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Real Estate Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Apple Hospitality REIT's score of 30 is higher than 52% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Apple Hospitality REIT's reported carbon emissions
In 2022, Apple Hospitality REIT reported total carbon emissions of approximately 28,187,000 kg CO2e for Scope 1 and about 85,428,000 kg CO2e for Scope 2, resulting in a combined total of around 113,615,000 kg CO2e for both scopes. This data is cascaded from its parent company, Apple Hospitality REIT, Inc. The company has set ambitious climate commitments, aiming for Net-Zero Emissions by 2050, as outlined in their Medium-term Management Plan. This target encompasses all scopes of emissions and reflects a long-term strategy to enhance sustainability. Specific initiatives include ongoing investments in energy efficiency measures, such as equipment upgrades and energy management systems, particularly targeting Scope 1 and Scope 2 emissions. In previous years, emissions data shows a significant reduction in Scope 1 emissions from approximately 3,868,000 kg CO2e in 2021 to about 28,187,000 kg CO2e in 2022, indicating a shift in operational practices. However, the company has not disclosed Scope 3 emissions data for 2022, which limits the overall assessment of their carbon footprint. Apple Hospitality REIT's commitment to sustainability and climate action aligns with industry standards, reflecting a proactive approach to reducing their environmental impact while enhancing operational efficiency.
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| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Scope 1 | 3,189,000,000 | 0,000,000,000 | 0,000,000,000 | 00,000,000 |
| Scope 2 | 587,000,000 | 000,000,000 | 000,000,000 | 00,000,000 |
| Scope 3 | 21,000,000 | 00,000,000 | 000,000 | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Apple Hospitality REIT is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
