Hersha Hospitality Trust
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 23 is higher than 81% 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 2021, Hersha Hospitality Trust reported total greenhouse gas emissions of approximately 22,607,000 kg CO2e, comprising about 6,452,000 kg CO2e from Scope 1 and about 16,156,000 kg CO2e from Scope 2 emissions. This marked a significant reduction from 2019, when total emissions were approximately 35,969,000 kg CO2e, indicating a downward trend in their carbon footprint. Hersha Hospitality Trust has set ambitious climate commitments, aiming to reduce its Scope 1 and Scope 2 greenhouse gas emissions by 46% by 2030, using 2019 as the baseline year. This target has been approved through a streamlined validation route for small and medium-sized enterprises (SMEs) by the Science Based Targets initiative (SBTi). Additionally, the company is committed to measuring and reducing its Scope 3 emissions, further enhancing its climate strategy. These initiatives reflect Hersha Hospitality Trust's dedication to aligning its operations with industry standards for climate action, contributing to global efforts to limit temperature rise to 1.5°C.
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| 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|
| Scope 1 | 9,193,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 22,660,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Hersha Hospitality Trust is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
