Apple Hospitality REIT has released its first Corporate Responsibility Report, which details the company's environmental, social, and governance (ESG) performance, strategy, and initiatives, as well as its commitment to environmental sustainability, corporate employees, hotel associates and guests, communities, and other stakeholders.

The CEO of Apple Hospitality, Justin Knight, said, "Apple Hospitality has always worked to uphold high ESG standards. We believe that these key areas of focus are an important part of creating long-term value for our shareholders. We own one of the largest and most geographically diverse portfolios of rooms-focused hotels in the United States. We are dedicated to making a positive impact on the many communities our hotels serve. We are mindful of our environmental footprint and committed to reducing our impact over time. We are proud to highlight our initiatives and progress in this inaugural Corporate Responsibility Report and look forward to providing additional updates on our ESG-related efforts over time.”

Both the Global Reporting Initiative (GRI) Standards and the Task Force on Climate-related Financial Disclosures (TCFD) are used in Apple Hospitality's 2022 Corporate Responsibility Report to give a complete picture of its corporate responsibility performance and how it manages climate-related risks.

The company's enhanced disclosures help stakeholders understand its strategy, policies, programmes, procedures, performance, and initiatives related to environmental stewardship, social responsibility, corporate governance, and resilience.

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Source: Business Wire

Learn more about Apple Hospitality's first Sustainability Report here.