Summit Hotel Properties Inc

Common Name

Summit Hotel Properties

Country

United States

Sector

Real Estate

Industry

REIT - Hotel & Motel

Employees

Ticker

INN

Exchange

NEW YORK STOCK EXCHANGE, INC.

Website

www.shpreit.com

Description

Summit Hotel Properties, Inc. is a real estate investment trust (REIT) specializing in owning premium-branded, select-service hotels across the United States. The company's primary function is to acqu... Show more

Summit Hotel Properties's GHG Emissions Data Preview

In 2023, Summit Hotel Properties completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources) and Scope 2 (indirect emissions from purchased energy).

However, Summit Hotel Properties has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.

Metric (tCO2e)	2023	2022	2021	2020 - 2017
Total Scope 1 Total direct GHG emissions from categories that are owned or directly controlled by the company.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^a	Data available for purchase 0000000
Total Scope 2 Indirect GHG emissions from the generation of purchased electricity, steam, heating, and cooling consumed by the reporting company.
Market-Based Indirect emissions from purchased energy calculated using the market-based method, which reflects contractual instruments such as supplier-specific emission factors or renewable energy certificates (RECs).	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^a	Data available for purchase 0000000
Location-Based Indirect emissions from purchased energy calculated using the location-based method, which reflects average emission factors of the local grid.	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Data available for purchase 0000000
Unspecified Calculation Method Indirect emissions from purchased energy where the company did not specify a location-based or market-based accounting method.	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Data available for purchase 0000000
Total Scope 3 All other indirect GHG emissions that occur in the company’s value chain, outside of Scope 1 and 2. This includes both upstream and downstream activities.	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Data available for purchase 0000000

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Verified Sources Behind Summit Hotel Properties’s Greenhouse Gas (GHG) Emissions Data

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a. Summit Hotel Properties's Corporate Responsibility Report (CRR) 2024

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Insights into Summit Hotel Properties's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Summit Hotel Properties amounted to 62,784 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). ^a

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Summit Hotel Properties decreased by 1.42%, showing that the company has made progress in taking action to reduce the climate impact of its operations. ^a

Summit Hotel Properties's Scope 1 Emissions Over Time

Total Scope 1
Year-over-Year Change

What are Summit Hotel Properties's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Summit Hotel Properties were 17,927 metric tons of CO₂ equivalent (tCO₂e). ^a

Has Summit Hotel Properties reduced its Scope 1 emissions over time?

Since 2019, Summit Hotel Properties's Scope 1 emissions have increased by 7.26%, reflecting a rising long-term trend in Scope 1 emissions over time. ^a

Compared to the previous year (2022), Summit Hotel Properties's Scope 1 emissions increased by 4.73%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. ^a

What are Summit Hotel Properties's Scope 2 emissions?

In 2023, Summit Hotel Properties reported Scope 2 greenhouse gas (GHG) emissions of 44,857 tCO₂e using the market-based method. ^a

Has Summit Hotel Properties reduced its Scope 2 emissions over time?

Since 2019, Summit Hotel Properties's Scope 2 greenhouse gas (GHG) emissions (Market-Based) have decreased by 24.1%, reflecting a declining long-term trend in Scope 2 emissions over time. ^a

Compared to the previous year (2022), Summit Hotel Properties's Scope 2 emissions (Market-Based) have remained relatively stable, indicating that Summit Hotel Properties 's emissions have plateaued with no significant change in its energy consumption footprint. ^a

What methodology does Summit Hotel Properties use for Scope 2 reporting?

In 2023, Summit Hotel Properties reported its Scope 2 emissions using the market-based method. ^a

Summit Hotel Properties's Scope 2 Emissions Over Time

Total Scope 2 Market-Based
Total Scope 2 (Unspecified Calculation Method)

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