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Hospitality
US
updated a month ago

Summit Hotel Properties Sustainability Profile

Company website

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.

40

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.

28

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.

64%

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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 emissions. This reflects a slight decrease from 2023, where total emissions were about 62,783,000 kg CO2e, with Scope 1 emissions at 17,927,000 kg CO2e and Scope 2 emissions 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 emissions at about 66,037,000 kg CO2e. Notably, the emissions intensity per occupied room has been reported at 16.0 kg CO2e, indicating a focus on operational efficiency. Despite the absence of specific reduction targets or commitments, Summit Hotel Properties is actively engaged in sustainability practices, as evidenced by their emissions reporting and transparency. The company does not currently disclose Scope 3 emissions, which often represent a significant portion of total corporate emissions in the hospitality sector. Summit Hotel Properties operates independently, with no emissions data cascaded from a parent company. Their commitment to sustainability is reflected in their ongoing efforts to monitor and report emissions, aligning with industry standards for climate accountability.

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20192021202220232024
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?

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Summit Hotel Properties's primary industry is Hospitality, which is very low in terms of carbon intensity compared to other industries.

How Carbon Intensive is Summit Hotel Properties's Location?

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Summit Hotel Properties is in US, which has a low grid carbon intensity relative to other regions.

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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

Compare Summit Hotel Properties's Emissions with Industry Peers

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Brixmor

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Airbnb

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Computer and related services (72)
Updated about 1 month ago

Rlj Lodging Trust

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Financial intermediation services, except insurance and pension funding services (65)
Updated about 1 month ago

Expedia

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Supporting and auxiliary transport services; travel agency services (63)
Updated 28 days ago

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Where does DitchCarbon data come from?

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