Apple Hospitality REIT Sustainability Profile
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 25 is lower than 54% 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 2023, Apple Hospitality REIT reported total carbon emissions of approximately 28,652,000 kg CO2e for Scope 1 and about 83,749,000 kg CO2e for Scope 2, resulting in a combined total of around 112,401,000 kg CO2e. This data reflects a slight increase in emissions compared to 2022, where Scope 1 emissions were about 28,187,000 kg CO2e and Scope 2 emissions were approximately 85,428,000 kg CO2e, leading to a total of around 113,615,000 kg CO2e. Apple Hospitality REIT is committed to long-term climate initiatives, aiming for net-zero emissions by 2050. The company plans to invest in energy efficiency measures, including equipment upgrades, guest room energy management systems, and efficient lighting systems, targeting both Scope 1 and Scope 2 emissions. These commitments are part of a broader strategy to enhance sustainability within the hospitality sector. The emissions data is cascaded from Apple Hospitality REIT, Inc., reflecting the company's current subsidiary status within its corporate family. The organisation has not disclosed any Scope 3 emissions data, indicating a focus on direct and indirect emissions from owned or controlled sources.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 28,187,000 | 00,000,000 |
| Scope 2 | 85,428,000 | 00,000,000 |
| Scope 3 | - | - |
How Carbon Intensive is Apple Hospitality REIT's Industry?
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Apple Hospitality REIT's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Apple Hospitality REIT has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
