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 23 is higher than 50% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
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 aligns with the Science Based Targets initiative (SBTi) and is designed to support the global goal of limiting temperature rise to 1.5°C. While specific emissions data for the most recent year is not available, Hersha's commitment to measure and reduce its Scope 3 emissions further demonstrates its dedication to comprehensive climate action. The targets were approved through a streamlined validation route tailored for small and medium-sized enterprises (SMEs), reflecting the company's proactive approach to sustainability within the real estate sector. Overall, Hersha Hospitality Trust's climate strategy underscores its commitment to environmental stewardship and aligns with industry standards for reducing carbon footprints.
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.
