Chatham Lodging Trust Sustainability Profile
Chatham Lodging Trust, a prominent player in the hospitality industry, is headquartered in the United States and primarily operates in key markets across the country. Founded in 2010, the company has established itself as a real estate investment trust (REIT) focused on the acquisition and ownership of premium-branded hotels, particularly in the upscale and extended-stay segments. Chatham Lodging Trust distinguishes itself through its strategic investments in high-quality properties, offering a unique blend of comfort and convenience for both business and leisure travellers. With a portfolio that includes well-known brands, the company has achieved significant milestones, positioning itself as a leader in the hospitality sector. Its commitment to operational excellence and guest satisfaction has garnered recognition, solidifying its reputation in the competitive lodging market.
DitchCarbon Score
How does Chatham Lodging Trust'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
Chatham Lodging Trust's score of 26 is lower than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Chatham Lodging Trust's reported carbon emissions
In 2023, Chatham Lodging Trust reported total carbon emissions of approximately 6,208,461 kg CO2e for Scope 1 and about 17,385,506 kg CO2e for Scope 2, resulting in a combined total of around 23,593,967 kg CO2e. This data reflects their commitment to transparency in environmental reporting, with emissions disclosed for both Scope 1 and Scope 2. Chatham Lodging Trust has set ambitious targets to reduce its carbon emissions by 50% by 2030, using a 2017 baseline. This commitment applies to both Scope 1 and Scope 2 emissions, indicating a proactive approach to mitigating climate impact. The company aims to achieve these reductions through various initiatives outlined in their environmental strategy. Historically, the organisation's emissions have fluctuated, with total emissions recorded at approximately 23,254,873 kg CO2e in 2021 and around 23,453,486 kg CO2e in 2020. The data indicates a focus on improving energy efficiency and reducing greenhouse gas emissions across their portfolio. Chatham Lodging Trust's climate commitments are significant within the hospitality industry, as they align with broader trends towards sustainability and responsible environmental stewardship. The company has not disclosed any Scope 3 emissions, which often represent a substantial portion of total emissions in the hospitality sector, indicating an area for potential future focus.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 7.07 | 0.00 | 0.00 | 0.0 | 0.00 | 0,000,000 |
| Scope 2 | 22,679,905 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - | - |
How Carbon Intensive is Chatham Lodging Trust's Industry?
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Chatham Lodging Trust'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.
Chatham Lodging Trust 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.
