Highgate Publishes First Environmental, Social and Governance (ESG) Report

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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 lowering the environmental influence of its accommodations. It’s believed to be among the many first studies of its type by a serious resort 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 accommodations, onsite photo voltaic methods, biodiversity initiatives, third-party eco-certified accommodations, and electrical automobile (EV) charging station installations. Monitoring and reporting carbon, power, 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 minimize power use by greater than 170,000 megawatt hours (MWh).

All of us share an pressing accountability to cut back our influence 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 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 instance of the bold environmental requirements and targets that Highgate is pursuing, the report highlights how the Alohilani Resort grew to become 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 elimination venture in the USA to realize Gold Normal certification.

As a member of the Clear Vitality Patrons Affiliation (CEBA), Highgate grew to become the primary hospitality firm to signal CEBA’s Industrial Actual Property Ideas, which helps the decarbonization of business buildings via 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 accommodations in its portfolio to be powered by 100% renewable power. Highgate can 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 be growing the utilization of power environment friendly applied sciences at its accommodations, whereas additionally growing the usage of renewable power. As a part of its Environmental Model Requirements, Highgate requires accommodations to put in good guestroom thermostats, 100% LED lighting, and clever kitchen hood followers for properties with massive kitchens. As of 2021, roughly 65% of its properties already use high-efficiency lighting.

Different areas of focus in Highgate’s sustainability program embody enhancing water administration, stopping meals waste, lowering landfill waste and bolstering recycling, single-use plastics elimination, accountable sourcing, supporting biodiversity initiatives, and implementing inexperienced building and design practices.

We’re deeply targeted on sustainable design and building practices, companions and alternatives. We’re actively in search of the correct partnerships that won’t solely assist us maintain ourselves accountable to attenuate our carbon footprint, however may encourage a “extra acutely aware” ripple impact throughout the bigger design and building neighborhood. Paul McElroy, Govt Vice President of Design and Building

The total report may be discovered right here.

About Highgate

Highgate is a number one actual property funding and hospitality administration firm with over $20 billion of property below administration. Highgate has a 30-year monitor document as an funding supervisor, working companion, and developer for REITs, personal fairness companies, sovereign wealth funds, excessive web value people, and different institutional traders. With a selected focus in hospitality actual property, Highgate’s portfolio consists of over 500 owned and/or managed accommodations comprising over 80,000 rooms throughout the USA, Europe, Latin America, and the Caribbean. Highgate’s capabilities prolong 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 workplaces in London, New York, Dallas, Miami, Seattle, and Waikiki. For extra data, go to: www.highgate.com.

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