GlobalData offers a comprehensive analysis of Choice Hotels, 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 Choice Hotels’s ESG performance. GlobalData’s company profile on Choice Hotels 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.
Choice Hotels is committed to reducing its carbon footprint and has identified scope 1, scope 2, and scope 3 emissions as areas of focus for its emission reduction efforts. The company has determined its carbon footprint following the guidelines of the GHG Protocol, encompassing owned hotels, managed hotels, corporate facilities, and associated vehicles. In 2022, Choice Hotels recorded scope 1 greenhouse gas (GHG) emissions of 6,704.86 metric tons of CO2e equivalent. Additionally, scope 2 GHG emissions, both location-based and market-based, were 10,615.97 and 9,644.43 metric tons of CO2e equivalent, respectively. The combined total emissions amounted to 17,321 metric tons of CO2e equivalent, with a measured carbon intensity of 58.33 kgCO2e/m2.
Choice Hotels has taken steps to measure and reduce its carbon footprint and integrate climate considerations into its risk management processes and has already achieved certain milestones. For example, its office in Rockville, MD is LEED Platinum certified, and its data center in Phoenix, AZ runs on 100% renewable power. The company's regional office in Munich, Germany is certified carbon neutral and LEED Gold, while its office in St. Louis Park, MN is LEED Silver certified and equipped with smart systems to reduce energy use. Choice Hotels has also partnered with Clean the World to recycle discarded soap bars and plastic bottled bath amenities, preventing waste from being landfilled.
In conclusion, Choice Hotels is proactively working to reduce emissions and implement sustainability measures, focusing on energy efficiency, waste reduction, and sustainable building design. The company aims to contribute to a more environmentally friendly travel and tourism industry, mitigating the impacts of climate change, and inspiring positive change within the hospitality sector.