Company: PEB
Filing Date: 2025-04-07
Form Type: DEF 14A
Source: 0001474098-25-000062
Chunk: 23

Company: Pebblebrook Hotel Trust
Filing Date: 2025-04-07
Form: DEF 14A
Chunk 23
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lamp Quarter in San Diego and to analyze opportunities for resource efficiency;

• completed a thorough audit of our sustainability-focused best practices;

• continued our Green Ambassador Program at our properties across our portfolio; and

• caused the 1 Hotel San Francisco to receive a gold LEED certification through a comprehensive redevelopment investment.

As we continue with our efforts to reduce the intensity of our greenhouse gas emissions, we encourage and train our teams to identify and leverage resource efficiency opportunities to reduce operating costs, carbon emissions and the overall environmental footprint of our properties. As part of this best-practices initiative, we have developed a more in-depth, detailed, and rigorous program by which our asset management team can identify and track opportunities to enhance efficiencies in building, engineering and operations such as HVAC systems, waste management and water usage. While we rely on our major brand and third-party hotel operators to drive sustainability in hotels that we own, we continue to undertake a more proactive approach to supporting our independent third-party hotel operators in initiatives to position the Company as a sustainability leader in the U.S. lodging sector.

In 2024, we continued the development of a database of key equipment across our portfolio which we will assess through a sustainability lens to populate a prioritized list of potential investments to reduce our hotel emissions based on cost-benefit analysis. This database helps us track the expected lifetime efficiency of major capital equipment and assess the right time to upgrade and invest in more efficient alternatives. Having a clear line of sight regarding opportunities to replace energy-intensive equipment such as HVAC systems and boilers can help us achieve our 2030 reduction goal for greenhouse gas emissions intensity.

In 2024, we continued our Green Ambassadors Program throughout our portfolio. We believe that by having Green Ambassadors at our properties we can make significant progress towards our environmental sustainability goals, because the Green Ambassadors are involved in their respective hotel’s day-to-day operations and can drive sustainable practices at our properties. We are working collaboratively with our diverse pool of third-party hotel operator partners to develop property-level management targets and reduction plans for energy-usage, carbon emissions, water usage and waste. Through our Green Ambassador Program, we encourage our hotels and guests to make sustainable choices such as conserving water through linen-reuse initiatives or conserving energy by leveraging occupancy sensors. Mr. Martz met with the Green Ambassadors in 2024 to discuss the Company’s environmental sustainability vision and goals and to discuss how each property can make an impact on our overall environmental and social responsibility program.

In addition to the above initiatives, we have made strides