Summit Hotel Properties
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 27 is higher 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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Summit Hotel Properties's reported carbon emissions
In 2022, Summit Hotel Properties, headquartered in the US, reported total carbon emissions of approximately 68,185,000 kg CO2e, comprising 17,811,000 kg CO2e from Scope 1 and 50,375,000 kg CO2e from Scope 2 emissions. This represents a slight increase from 2021, when emissions totalled about 66,037,000 kg CO2e, with Scope 1 emissions at 16,610,000 kg CO2e and Scope 2 emissions at 49,427,000 kg CO2e. In 2019, the company reported combined emissions of around 72,790,000 kg CO2e, indicating a general trend of emissions stability over the years. Summit Hotel Properties has not disclosed any specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The absence of Scope 3 emissions data suggests a limited scope in their current emissions reporting. The company’s commitment to sustainability is reflected in its operational practices, although further details on specific climate commitments or reduction strategies are not available. Overall, while the company has made strides in emissions reporting, it has yet to establish formal reduction targets or significant climate initiatives.
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| 2019 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 17,460,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 55,329,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - |
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.
Summit Hotel Properties 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.
