New York, NY – Highgate launched right now its environmental, social and governance (ESG) report which features a complete evaluation of its profitable sustainability efficiency to-date in addition to its methods for lowering the environmental influence of its lodges. It’s believed to be among the many first reviews of its type by a significant lodge administration firm.
Highgate has firm objectives to increase on quite a few initiatives highlighted within the report, together with growing its variety of carbon impartial lodges, onsite photo voltaic techniques, biodiversity tasks, third-party eco-certified lodges, and electrical automobile (EV) charging station installations. Monitoring and reporting carbon, power, water and waste efficiency information is one other vital program part to watch and share progress. Evaluating 2021 to 2019, Highgate diminished its complete GHG emissions by 21.8% and has reduce power use by greater than 170,000 megawatt hours (MWh).
All of us share an pressing duty to scale back our influence on local weather change, and that is very true for the hospitality trade. Highgate could be very proud to be a pacesetter on this entrance by presenting this evaluation that may function a roadmap to assist drive hospitality administration towards a net-zero future with out compromising the visitor expertise. Highgate CEO Arash Azarbarzin
With this report, we endeavored to exhibit our most profitable initiatives and to supply visibility into our full carbon footprint, together with preliminary emissions calculations for our total provide chain. We are going to use these information to determine achievable objectives and measure our progress. Marianne Balfe, Vice President of Sustainability of Highgate
For example of the formidable environmental requirements and goals that Highgate is pursuing, the report highlights how the Alohilani Resort turned the primary lodge in Hawaii to decide to PAS 2060 carbon neutrality certification. As a part of this initiative, the lodge partnered with the Hawaii Legacy Reforestation Initiative to reforest greater than 1,200 acres of bushes, which is the primary carbon elimination venture in the USA to realize Gold Customary certification.
As a member of the Clear Power Consumers Affiliation (CEBA), Highgate turned the primary hospitality firm to signal CEBA’s Industrial Actual Property Ideas, which helps the decarbonization of economic buildings by means of power optimization and renewable power procurement. In 2021, Highgate made a large-scale funding in Inexperienced-e licensed renewable power certificates (RECs) that allowed greater than 200 lodges in its portfolio to be powered by 100% renewable power. Highgate can also be evaluating onsite renewable power feasibility and is conducting a complete evaluation of onsite photo voltaic and battery storage alternatives throughout its total portfolio.
Highgate can also be growing the utilization of power environment friendly applied sciences at its lodges, whereas additionally growing using renewable power. As a part of its Environmental Model Requirements, Highgate requires lodges to put in sensible guestroom thermostats, 100% LED lighting, and clever kitchen hood followers for properties with giant kitchens. As of 2021, roughly 65% of its properties already use high-efficiency lighting.
Different areas of focus in Highgate’s sustainability program embody bettering water administration, stopping meals waste, lowering landfill waste and bolstering recycling, single-use plastics elimination, accountable sourcing, supporting biodiversity tasks, and implementing inexperienced development and design practices.
We’re deeply centered on sustainable design and development practices, companions and alternatives. We’re actively searching for the suitable partnerships that won’t solely assist us maintain ourselves accountable to attenuate our carbon footprint, however can even encourage a “extra acutely aware” ripple impact throughout the bigger design and development neighborhood. Paul McElroy, Govt Vice President of Design and Development
The complete report might be discovered right here.
About Highgate
Highgate is a number one actual property funding and hospitality administration firm with over $20 billion of property beneath administration. Highgate has a 30-year monitor file as an funding supervisor, working associate, and developer for REITs, personal fairness companies, sovereign wealth funds, excessive web price people, and different institutional traders. With a specific focus in hospitality actual property, Highgate’s portfolio consists of over 500 owned and/or managed lodges comprising over 80,000 rooms throughout the USA, Europe, Latin America, and the Caribbean. Highgate’s capabilities lengthen to adjoining actual property verticals together with multifamily, short-term leases, and diversified healthcare actual property, in addition to investments in actual estate-linked securities, expertise platforms, and hospitality-related working companies. Highgate maintains company workplaces in London, New York, Dallas, Miami, Seattle, and Waikiki. For extra data, go to: www.highgate.com.
