GlobalData offers a comprehensive analysis of RLJ Lodging Trust, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on RLJ Lodging Trust‘s ESG performance. GlobalData’s company profile on RLJ Lodging Trust offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
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RLJ Lodging Trust, a real estate investment trust, is committed to reduce its greenhouse gas (GHG) emissions by 35% by 2030. RLJ has already made significant progress in reducing its greenhouse gas (GHG) emissions. From 2017 to 2021, the company reduced its total Scope 1 and 2 emissions intensity by 29.99% across its hotel property portfolio. In 2021, RLJ's Scope 1 emissions were 24,459 metric tons of CO2e, while its Scope 2 emissions were 69,381 metric tons of CO2e.
RLJ Lodging Trust has implemented various measures to reduce its emissions. These include ongoing energy conservation activities, efficiency projects, and the implementation of innovative energy-saving technologies. The company has also made investments in green energy solutions and sustainability projects, such as property-level waste reduction measures. RLJ measures and monitors its environmental, social, and governance (ESG) performance, including energy, greenhouse gas, and water intensity.
The company plans to further quantify its environmental objectives and set reduction targets based on its 2019 baseline across energy, carbon, water, and waste. RLJ is also considering sustainability factors in its renovation projects to minimize environmental impact and meet future demand. The company has a dedicated team that works with third-party management companies to address environmental concerns and manage potential risks.
RLJ Lodging Trust acknowledges the evolving nature of climate change risk and aims to incorporate emerging data, reporting guidance, and best practices into its enterprise risk management and governance of ESG matters. The company has board oversight of ESG matters through its Nominating and Corporate Governance Committee and has formed a formal ESG Committee to oversee its ESG strategy, including climate change risk.
In conclusion, RLJ Lodging Trust is committed to achieve its GHG emissions and has made significant progress in reducing its GHG emissions. The company has implemented various measures and investments to reduce its environmental impact and is actively monitoring and addressing climate change risks.
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