We are committed to reducing our carbon footprint and have established a formal Energy Management Program to achieve our reduction goals. We partner with a third-party energy management company to monitor and analyze our energy and water usage. Through benchmarking and analytics, we are able to identify and remedy anomalies in our consumption to avoid waste. We have enrolled in a CDP-accredited carbon reporting service to better align our program with global standards via the Greenhouse Gas Protocol. We also utilize the Environmental Protection Agency’s Energy Star Portfolio Manager to benchmark our environmental performance and ensure environmental compliance at all levels of governance.

We promote and adhere to the waste and recycling initiatives established by our brand partners and third-party management companies and strive to increase recycling at our hotels. We support programs and organizations, such as Clean the World, that specialize in reducing, reusing and recycling waste. A portion of construction materials that we use is made from recycled, post-consumer content, and we recycle and upcycle construction waste where possible.

We evaluate opportunities and climate-related risks as part of our acquisition due diligence process. We established an Energy Management Program to assess the sustainable building attributes throughout our portfolio and to identify and prioritize property-specific projects to improve our environmental performance and enhance asset value. Our efficiency measures include installation of climate appropriate building structures and systems and equipment and technology upgrades such as LED lighting, smart controls, Energy Star rated appliances and low-flow fixtures.