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 57% 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
Hersha Hospitality Trust, headquartered in the United States, has set ambitious climate commitments aimed at significantly reducing its greenhouse gas emissions. The company has committed to a 46% reduction in Scope 1 and Scope 2 emissions by 2030, using 2019 as the baseline year. This target has been validated by the Science Based Targets initiative (SBTi) and aligns with the necessary reductions to limit global warming to 1.5°C. While specific emissions data for the most recent year is not available, Hersha Hospitality Trust's proactive approach includes plans to measure and reduce its Scope 3 emissions as well. The commitment to these targets reflects the company's dedication to sustainability within the real estate sector, positioning it as a responsible player in the hospitality industry. Overall, Hersha Hospitality Trust's climate strategy demonstrates a clear commitment to addressing climate change and reducing its carbon footprint in the coming years.
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.
