2022 HERSHA EARTHVIEW SUSTAINABILITY REPORT
Hersha’s proprietary sustainability platform, EarthView®, was created in 2010. It exemplifies our commitment to simultaneously delivering financial value while supporting the well-being of our guests, our associates, our communities, and our planet. The EarthView program takes a multidimensional approach to sustainability. We consider the impact of our business on all stakeholders and the environment in order to achieve long-term success. We are delighted to share our 2022 results, demonstrating our strides toward a more sustainable, connected, and inclusive business.
This report is prepared in accordance with relevant international standards and best practices, in particular, the Sustainability Accounting Standards Board (SASB) for the Real Estate Sector and the Task Force on Climate-related Financial Disclosures (TCFD).
2022 EarthView Sustainable Hospitality Highlights
Net-Zero
Scope 1+2 GHG Emissions by 2050: Hersha has committed to achieving net-zero Scope 1 and 2 GHG emissions across all operations by 2050, with an interim reduction target
set for 2030.
Risk & ESG
Board Oversight of ESG: Our in-house EarthView team regularly reports to the Risk & ESG Subcommittee, increasing oversight of ESG-related risks and opportunities.
#1
In Global Real Estate Sustainability Benchmark (GRESB) Public Disclosure: Ranked #1 in GRESB’s public disclosure among U.S. hotel REITs in 2022 for the third consecutive year.
Training & Engagement
EarthView Sustainable Hospitality Leadership Training:
In 2022, all Hersha property leadership teams completed in-depth sustainability training.
Diversity & Inclusion
Signatory of the CEO Action for Diversity and Inclusion Pledge: Hersha is a signatory of the CEO Action for Diversity & Inclusion pledge to advance diversity and inclusion in the workplace.
