He spent nearly a decade at ERA, the last four years as a full-time General Partner. Justin loves working with founders to help them take their businesses to the next level. To date, ERA portfolio companies have raised more than $1.7 billion in capital and collectively exceed $10 billion in market capitalization, including four unicorns. While there, he invested in over 100 companies. Prior to starting Triple Impact Capital, Justin was a partner at Entrepreneurs Roundtable Accelerator (ERA), the leading startup accelerator and investment firm in New York City that Crain's recognized as the most active investment firm in New York in 2019. Justin is a three time startup founder turned early-stage investor. The pair originally met while investing together at Cornell’s Big Red Venture Fund 20 years ago, where they invested in companies like Pacific Biosciences, the NASDAQ-listed gene sequencing unicorn. He founded EarthView in 2010, a leading corporate sustainability platform, that has been recognized alongside the largest tech and consumer companies in the world, like Apple and Nike, for its positive environmental and social impact achievements. Bennett Thomas is a finance and corporate sustainability leader with experience at publicly traded companies across each of the fund’s focus areas. Previously, Justin was a partner at Entrepreneurs Roundtable Accelerator (ERA), the most active startup accelerator and seed fund in New York City, where he invested in and mentored over 100 companies. Justin Smithline is a former technology entrepreneur turned venture capitalist. The fund brings together two leaders in their respective fields with their own unique strengths and networks. EarthView actively partners with our hotel teams to design and implement biodiversity-protecting programs specific to each hotel.Combining a long-time finance and sustainability leader with a hands-on, founder-friendly investor We know that each habitat we operate in is unique. We also take into consideration related reporting frameworks like TNFD. As we seek to increase the sustainability and eco-friendliness of our business, we continue to evaluate the potential for biodiversity-improving programs and developments. Additionally, as a part of our philanthropic efforts, our associates participate in volunteer efforts that protect and promote biodiversity, from community clean-ups to ecological restoration. Our hotels use eco-friendly food service items like non-plastic straws and stirrers to prevent harm to wildlife. We minimize our impact on local biodiversity through resource efficiency programs and holistic waste management, including packaging, business waste, operational waste, food waste, and wastewater. Our properties support local biodiversity through landscaping with native plants, local wildlife protection practices, and guest and employee communications about eco-friendly best practices. As experts in hospitality, we work to embody our core value of Hearts that Serve with not only our guests and associates but our local communities and environments.Īt Hersha, we promote biodiversity as an integral part of our sustainability efforts. We actively support the UN’s 2050 biodiversity mission to live in harmony with nature. Our EarthView program seeks to align with sustainability best practices and calls to action by the UN Environment Programme to strengthen our relationship with nature for the better. To report emissions over time, we use the most recent eGRID emissions factors relative to the emission year. We use the EPA’s methodology via the ENERGY STAR Portfolio Manager reporting tool to generate location-based Scope 1 and Scope 2 emissions.Other emissions, such as sulfur hexafluoride, perfluorocarbons, and nitrogen trifluoride, are omitted as we do not emit them due to the nature of our business. In our estimates, we found that HFCs contributed to less than 1% of company emissions and, thus, were not required to be included in our targets according to SBTi standards. Hydrofluorocarbons (HFCs) are not included in our emissions inventory as we cannot currently measure the HFC emissions from our HVAC systems. Our emission inventories include carbon dioxide (CO2), methane (CH4), and nitrous oxide (N2O).Although we do not include Scope 3 emissions in this report, our team is committed to measuring and reducing Scope 3 emissions annually as a part of our climate strategy. Scope 2 emissions result from our properties’ electricity, steam, and chilled water consumption. Scope 1 emissions result primarily from the natural gas consumption of our owned properties. We calculate our Scope 1 and 2 emissions in line with the Greenhouse Gas Protocol and Science-Based Targets initiative (SBTi) recommendations.
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