New York, NY – Highgate launched as we speak 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 decreasing the environmental impression of its motels. It’s believed to be among the many first studies of its sort by a serious resort administration firm.
Highgate has firm objectives to increase on quite a few initiatives highlighted within the report, together with rising its variety of carbon impartial motels, onsite photo voltaic programs, biodiversity tasks, third-party eco-certified motels, and electrical automobile (EV) charging station installations. Monitoring and reporting carbon, vitality, water and waste efficiency information is one other crucial program part to observe and share progress. Evaluating 2021 to 2019, Highgate lowered its whole GHG emissions by 21.8% and has reduce vitality use by greater than 170,000 megawatt hours (MWh).
All of us share an pressing duty to cut back our impression on local weather change, and that is very true for the hospitality business. Highgate may 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 offer visibility into our full carbon footprint, together with preliminary emissions calculations for our whole provide chain. We’ll use these information to ascertain achievable objectives and measure our progress. Marianne Balfe, Vice President of Sustainability of Highgate
For example of the bold environmental requirements and aims that Highgate is pursuing, the report highlights how the Alohilani Resort turned the primary resort in Hawaii to decide to PAS 2060 carbon neutrality certification. As a part of this initiative, the resort partnered with the Hawaii Legacy Reforestation Initiative to reforest greater than 1,200 acres of bushes, which is the primary carbon removing venture in the US to attain Gold Normal certification.
As a member of the Clear Power Patrons Affiliation (CEBA), Highgate turned the primary hospitality firm to signal CEBA’s Business Actual Property Ideas, which helps the decarbonization of business buildings by vitality optimization and renewable vitality procurement. In 2021, Highgate made a large-scale funding in Inexperienced-e licensed renewable vitality certificates (RECs) that allowed greater than 200 motels in its portfolio to be powered by 100% renewable vitality. Highgate can also be evaluating onsite renewable vitality feasibility and is conducting a complete evaluation of onsite photo voltaic and battery storage alternatives throughout its whole portfolio.
Highgate can also be rising the utilization of vitality environment friendly applied sciences at its motels, whereas additionally rising the usage of renewable vitality. As a part of its Environmental Model Requirements, Highgate requires motels to put in good 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 embrace bettering water administration, stopping meals waste, decreasing landfill waste and bolstering recycling, single-use plastics elimination, accountable sourcing, supporting biodiversity tasks, and implementing inexperienced building and design practices.
We’re deeply centered on sustainable design and building practices, companions and alternatives. We’re actively in search of the suitable partnerships that won’t solely assist us maintain ourselves accountable to reduce our carbon footprint, however also can encourage a “extra aware” ripple impact throughout the bigger design and building neighborhood. Paul McElroy, Government Vice President of Design and Development
The total 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 belongings beneath administration. Highgate has a 30-year observe document as an funding supervisor, working associate, and developer for REITs, personal fairness corporations, sovereign wealth funds, excessive internet value people, and different institutional buyers. With a specific focus in hospitality actual property, Highgate’s portfolio consists of over 500 owned and/or managed motels comprising over 80,000 rooms throughout the US, 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, know-how platforms, and hospitality-related working companies. Highgate maintains company places of work in London, New York, Dallas, Miami, Seattle, and Waikiki. For extra data, go to: www.highgate.com.
