2018 AT A GLANCE2019-05-06T19:55:54-04:00

2018 At a Glance
(Hersha’s Material ESG Topics)

FINANCIAL IMPACT

$65 million increase in portfolio value attributed to EarthView

50 bps impact to EBITDA margin as utilities are one of the highest controllable operating expenses in our portfolio

2.5 year average payback period for our efficiency investments

$11 million in EarthView savings since inception

Bennett Thomas, SVP of Finance & Sustainability at Hersha discusses EarthView’s value

Bennett Thomas, SVP of Finance & Sustainability at Hersha discusses EarthView’s value

ENVIRONMENTAL IMPACT

Energy Reduction

15%

per square foot vs 2010

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GHG Reduction

41%

per square foot vs 2010

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Water Reduction

3%

per square foot vs 2010

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Waste Diversion

25%

in 2018

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Reductions in intensity calculated in alignment with the Greenhouse Gas Protocol methodology

SOCIAL IMPACT

17,150 hours volunteered in our local communities since 2015

270 unique non-profits assisted since 2017

$440,000 raised for autism awareness since 2015

$200,000+ raised from the sale of EarthView Water since 2014, providing clean water for communities in need around the world

500,000 new bars of sanitized and repackaged soap sent to developing nations since 2011

GOVERNANCE

Board of Trustees and Governance Information

0
Size of Board at Hersha
0
Number of Independent Directors
0
Board Meetings Held in 2018

50%

Women and Minority Board Members

Yes

Separate Chair and CEO

Yes

Independent Chair

Yes

Proxy Access

Yes

Code of Conduct for Directors and Executive Officers

Our comprehensive, updated Code of Ethics and Code of Conduct – including policies on human rights, labor rights, diversity, anti-harassment, formal grievance process, whistleblowers, non-retaliation, health & safety, and supplier code of conduct– are available in the Governance section of our Hersha website.

RESILIENCY

We recognize climate phenomenon may have an impact on our portfolio…

…and regularly review the prevalence of environmental risks as part of Hersha’s enterprise risk model assessment, reviewed by our executives and Board of Trustees.

Flood Risk NOAA Hazard Score
(1-10, 1=low risk)

Average portfolio risk of 1.3 vs. 2.8 average risk for US Lodging REITs*

*NOAA = National Oceanic Atmospheric Administration, Morgan Stanley Flood Risk Report 3/2019

SUSTAINABLE DEVELOPMENT GOALS: PRIORITIES

We recognize that all of the Sustainable Development Goals (SDGs) are closely integrated and play vital roles in our communities and planet. However, similar to other leading companies, we realize that a focus on specific goals is the most effective avenue towards progress. Therefore, to further support both Hersha’s and the UN’s missions, we have prioritized eight SDGs that are closely aligned with our business:

SDGS-01
SDGS-02
SDGS-03
SDGS-04
SDGS-05
SDGS-06
SDGS-07
SDGS-08
SDGS-09
SDGS-10
SDGS-11
SDGS-12
SDGS-13
SDGS-14
SDGS-15
SDGS-16
SDGS-17
SDGS-00
ABOUT THE SUSTAINABLE DEVELOPMENT GOALS >
QUICK FACTS ON THE SDGS >

AWARDS & RECOGNITION

Hersha has been recognized for our approach to driving positive environmental and community impact, both at a local and global scale. Highlighted are a few of the awards we received in 2018.

GRESB Logo

Global Real Estate Sustainability Benchmark Ranking – Ranking within the Top 10% of 874 GRESB participants

Logo HSMAI Adrian Awards

EarthView – 2018 Adrian Award for Corporate Social Responsibility by the Hospitality Sales & Marketing Association International (HSMAI)

Logo Hotels Magazine

Jay H. Shah – Hotelier of the World by HOTELS Magazine

Logo United Way

Hersha’s United Way Campaign – 2018 United Way’s “Best Of” Award

Logo HANYC

Hyatt Union Square – Sustainability Strategy Award by the Hotel Association of NYC

Logo Best Place to Work

Hersha – Best Place to Work by the Philadelphia Business Journal

NAREIT Logo

Over the past few years, we have also been recognized four times as winner of NAREIT’s Leader in the Light in the Lodging & Resorts sector for superior sustainability practices.

ABOUT EARTHVIEW

ABOUT HERSHA HOTELS & RESORTS

48 hotels

7,644 rooms

Bi-coastal US portfolio

MAP OF INITIATIVES