Synergy leads the way to Being Carbon Neutral with Science Based Targets Commitment

Collaboration with SBTi sets a clearly defined path to reduce global emissions in line with climate science.

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San Ramon, CA, April 11, 2023 — Synergy Global Housing (Synergy), a leader in end-to-end serviced accommodation program management, has announced its commitment to the Science Based Targets initiative (SBTi) as part of its ongoing quest to be carbon neutral by 2030.

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In a move that will define Synergy’s approach to environmental sustainability, the commitment will align Synergy and SBTi as they collaborate to develop a clearly defined roadmap aimed at reducing greenhouse gas emissions. Collaborating with SBTi will ensure that Synergy’s sustainability initiatives will be aligned with the latest climate science deemed necessary to meet the goals of the Paris Agreement—a legally binding international treaty on climate change that seeks to pursue efforts to limit global warming to 1.5 degrees Celsius above pre-industrial levels.

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The commitment will see the multi-award-winning company held accountable for progress made toward its journey to be carbon neutral, while simultaneously providing its clients with confidence that Synergy’s services will support the achievement of their own environmental sustainability objectives.

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Of the announcement, Charlotte Winter, General Manager, EMEA and co-lead of Synergy’s sustainability program said, “At Synergy, sustainability is carried out with action and reinforced through transparency, accountability and responsibility. As we seek to reduce our scope one, two and three emissions globally, our partnership with SBTi will support us in identifying the critical areas we need to improve upon, and ensure they are meaningful from a scientific standpoint.”

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The SBTi is a partnership between CDP, the United Nations Global Compact, World Resources Institute and the World Wide Fund for Nature which promotes best practices in emissions reductions in line with net-zero targets. In order to achieve its validated status, Synergy will be required to create an official emissions reduction target aligned with SBTi’s criteria, present its target to the SBTi for official validation, announce its targets to its stakeholders and report on its company-wide emissions annually.

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“Synergy’s involvement with the Science Based Targets Initiative demonstrates our firm commitment to reducing our impact on the environment to be carbon neutral,” said Jackie Rardin, Regional Operations Director, Americas and co-lead of Synergy’s sustainability program. “As we continue on our journey, we recognize the importance of collaborating in unison with our global stakeholders to reach real, tangible goals which will make a difference in the future of our planet and the lives of the people who inhabit it.”

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In addition to co-leading Synergy’s sustainability committee, Both Winter and Rardin play prominent roles in ensuring industry alignment through their participation on GBTA and CHPA sustainability committees.

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The announcement comes after Synergy partnered with sustainability software company, GreenFeet to measure and publish its carbon emissions baseline report as it tracks its progress to carbon neutrality. Synergy is due to publish its second annual report in Q3 2023.

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About Synergy Global Housing

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Founded in 1999, Synergy is an international serviced accommodation provider headquartered in San Ramon, CA, delivering a superior hospitality-driven extended-stay experience to the business travel and mobility industries. Providing best-in-class housing and services in over 2,000 cities in more than 85 countries, the company has offices in China, Singapore, India, England, Ireland and multiple locations throughout the United States.

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Recognized globally, Synergy’s recent awards include the 2023 and 2021 Company of The Year from the Corporate Housing Provider’s Association (CHPA), 2022 Operations Team of the Year from the Business Travel People Awards; 2022 and 2020 Serviced Apartment Provider of the Year Regional/Global from Relocate Magazine; 2021 Corporate Housing Provider of the Year from the Forum for Expatriate Management (FEM) U.S. and EMEA regions; and the 2020 Corporate Business of the Year from the Association of Services Apartment Providers (ASAP). Synergy is a member of The Ascott Limited (Ascott), a leading international lodging owner-operator based in Singapore. Spanning more than 200 cities in over 40 countries, Ascott’s serviced residence and hotel brands include Ascott, Citadines, lyf, Oakwood, Quest, Somerset, The Crest Collection, The Unlimited Collection, Préférence, Fox, Harris, POP!, Vertu and Yello. Ascott is a wholly-owned subsidiary of CapitaLand Investment Limited (CLI), one of Asia’s largest diversified real estate groups headquartered and listed in Singapore and Malaysia. Today, Ascott boasts over 30 years of industry track record and award-winning brands that enjoy recognition worldwide.