Summit Hotel Properties Sustainability Profile
Summit Hotel Properties, Inc., commonly referred to as Summit, is a prominent real estate investment trust (REIT) headquartered in the United States. Established in 2010, the company has rapidly expanded its footprint across major operational regions, focusing primarily on the hospitality industry. Summit is dedicated to acquiring, owning, and managing premium select-service hotels, which distinguishes it in a competitive market. With a diverse portfolio that includes well-known brands, Summit Hotel Properties emphasises high-quality guest experiences and operational efficiency. The company has achieved significant milestones, including strategic acquisitions that enhance its market position. Recognised for its commitment to sustainability and innovation, Summit continues to set benchmarks in the hospitality sector, making it a key player in the evolving landscape of hotel investments.
DitchCarbon Score
How does Summit Hotel Properties'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 Hospitality 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
Summit Hotel Properties's score of 40 is higher than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Summit Hotel Properties's reported carbon emissions
In 2024, Summit Hotel Properties reported total carbon emissions of approximately 60,501,000 kg CO2e, comprising 17,266,000 kg CO2e from Scope 1 and 43,235,000 kg CO2e from Scope 2. This represents a slight decrease from 2023, where emissions totalled about 62,783,000 kg CO2e, with Scope 1 emissions at 17,927,000 kg CO2e and Scope 2 at 44,857,000 kg CO2e. Over the past few years, the company has maintained a consistent emissions profile, with 2022 emissions recorded at approximately 63,690,000 kg CO2e, and 2021 at about 66,037,000 kg CO2e. The emissions intensity metrics indicate that the company has an emissions intensity of about 5.8 kg CO2e per square foot and 16.0 kg CO2e per occupied room, reflecting their operational efficiency. Despite the absence of specific reduction targets or commitments, Summit Hotel Properties is actively engaged in monitoring and reporting its emissions through the CDP framework. The company does not currently disclose any Scope 3 emissions data, which typically includes indirect emissions from the supply chain and customer use. Summit Hotel Properties operates independently, with no emissions data cascaded from a parent company. Their commitment to sustainability is evident in their transparency regarding emissions reporting, although further initiatives or targets for emissions reduction have not been specified.
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| 2019 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 17,460,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 55,329,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - |
How Carbon Intensive is Summit Hotel Properties's Industry?
How Carbon Intensive is Summit Hotel Properties's Location?
Summit Hotel Properties'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.
Summit Hotel Properties 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.
