Company: PEB
Filing Date: 2025-04-07
Form Type: DEF 14A
Source: 0001474098-25-000062
Chunk: 38

Company: Pebblebrook Hotel Trust
Filing Date: 2025-04-07
Form: DEF 14A
Chunk 38
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 the Corporate Sustainability and Responsibility program

◦ Remained committed to the efficient use of natural resources and energy to ensure buildings are operating efficiently;

◦ Further developed the Green Ambassador program to drive environmental sustainability practices at the properties;

◦ Continued to track progress and develop plans to achieve long-term environmental targets for the Company’s hotel portfolio, including a 35% reduction of GHG emissions intensity by 2030;

◦ Reached our goal to have 75% of the portfolio have occupancy sensors installed in more than 75% of meeting rooms;

◦ Prepared for the adoption of AHLA’s new sustainability reporting standards in energy, water and waste;

◦ Monitored and reported on the Company's environmental performance and alignment with the standards of the Task Force on Climate-Related Financial Disclosures (“TCFD”), including publication of the annual Corporate Sustainability Report;

◦ Trained and raised employee awareness for the Company’s sustainability programs and practices;

◦ Reached our goal to have 75% of the Company’s interior lightbulbs be LED;

◦ Reviewed the prevalence of climate-related physical and transition risks;

◦ Regularly monitored employee satisfaction and mental health through employee engagement, surveys and other feedback;

◦ Encouraged hotels to have a close relationship with the communities in which they operate through economic development partnerships, charitable giving, community engagement, and other means;

◦ Encouraged all suppliers and vendors who collaborate with the Company to follow the Company’s Supplier Code of Conduct;

◦ Successfully achieved LEED Certification for 1 Hotel San Francisco; and

◦ The Company continued its strategic investment in the Fifth Wall climate fund. Fifth Wall is one of the largest venture capital firms dedicated to technology for the global real estate industry and it promotes the integration of technologies to optimize buildings for increased energy efficiency, safety, and overall sustainability. The Company’s partnership with Fifth Wall allows the Company to pilot cutting-edge tools at its properties.

• Successfully developed a plan to address the Company’s 2025 term loan maturity

◦ Successfully developed and executed a plan to complete a total of $1.6 billion of debt refinancing activity. This allowed the company to address $453 million in term loan maturities for 2024 and 2025, lower annual interest expenses, reduce 2027 debt maturities, and secure a new source of debt capital for future financing;

◦ Quickly capitalized on favorable market conditions following the Federal Reserve’s rate cut, launching an unsecured notes offering that raised $400 million at an extremely attractive