Hersha Hospitality Trust Sustainability Profile
Hersha Hospitality Trust, often referred to as Hersha, is a prominent real estate investment trust (REIT) headquartered in the United States. Founded in 1984, the company has established a strong presence in the hospitality industry, primarily focusing on the acquisition, development, and management of upscale hotels in key urban markets and coastal destinations across the US. With a diverse portfolio that includes well-known brands, Hersha Hospitality Trust is recognised for its commitment to quality and guest experience. The company has achieved significant milestones, including strategic expansions and renovations that enhance property value and operational efficiency. As a leader in the hospitality sector, Hersha continues to innovate, positioning itself as a trusted name in hotel investment and management.
DitchCarbon Score
How does Hersha Hospitality Trust's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Health Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Hersha Hospitality Trust's score of 26 is higher than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hersha Hospitality Trust's reported carbon emissions
In 2018, Hersha Hospitality Trust reported total greenhouse gas emissions of approximately 31,853,000 kg CO2e, with Scope 1 emissions accounting for about 9,193,000 kg CO2e and Scope 2 emissions at approximately 22,660,000 kg CO2e. The company has set ambitious climate commitments, aiming to reduce its Scope 1 and Scope 2 emissions by 46% by 2030, using 2019 as the base year. This target aligns with the Science Based Targets initiative (SBTi) and is designed to support efforts to limit global warming to 1.5°C. Hersha Hospitality Trust's emissions data is self-reported and does not include Scope 3 emissions, which the company plans to measure and reduce in the future. The commitment to significant reductions reflects a proactive approach to climate responsibility within the real estate sector, particularly for a small to medium-sized enterprise (SME) based in the United States.
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| 2010 | 2018 | |
|---|---|---|
| Scope 1 | 9,006,000 | 0,000,000 |
| Scope 2 | 37,458,000 | 00,000,000 |
| Scope 3 | - | - |
How Carbon Intensive is Hersha Hospitality Trust's Industry?
How Carbon Intensive is Hersha Hospitality Trust's Location?
Hersha Hospitality Trust's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Hersha Hospitality Trust has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
Frequently Asked Questions
Common questions about Hersha Hospitality Trust's sustainability data and climate commitments
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