DiamondRock Hospitality Company has been honored with the prestigious 2024 Leader in the Light Award from the National Association of Real Estate Investment Trusts (Nareit). This award celebrates the Company’s exemplary leadership in promoting sustainability, social responsibility, and transparency within the lodging and resorts sector.
The Leader in the Light Award highlights companies that have implemented impactful sustainable investment and operational practices, demonstrate robust governance, and ensure transparency. DiamondRock’s recognition comes after its impressive performance in the Global Real Estate Sustainability Benchmark (GRESB) Annual Survey, where it achieved Sector Leader Status for the ninth consecutive year and earned the #1 ranking among its hotel peers for the fifth year running.
The GRESB Real Estate Assessment evaluates sustainability efforts across various sectors, with the results being influenced by a combination of survey responses and additional questions assessed by a panel of expert judges. DiamondRock’s consistent top-tier performance reinforces its commitment to sustainable practices, further solidifying its position as an industry leader in responsible real estate investment and operations.
This award further highlights DiamondRock Hospitality’s dedication to environmental stewardship, social responsibility, and governance excellence, marking another milestone in its continued efforts to lead the hospitality sector towards a more sustainable future.
“We are extremely honored to receive Nareit’s Leader in the Light award and also to be recognized by GRESB as a sector leader again. These acknowledgements highlight the Company’s dedication to sustainable practices, social responsibility, and transparent governance,” said Jeffery Donnelly, Chief Executive Officer of DiamondRock Hospitality Company. “We believe that integrating these principles into our investment and operating practices not only benefits our stakeholders but also contributes to a healthier planet and stronger communities. We remain committed to driving meaningful progress and setting the standard for sustainable leadership in the hospitality industry.”
The 2024 GRESB Real Estate Assessment has recognized DiamondRock Hospitality Company for its exceptional sustainability performance across multiple sectors, further establishing its leadership in environmental, social, and governance (ESG) practices within the hospitality industry.
Sector Leader Status Across Key Categories:
DiamondRock achieved Sector Leader status in several categories, underscoring its dominance in sustainability:
- Global Listed Sector Leader/Hotel
- Regional Listed Sector Leader/Americas/Hotel
- Regional Sector Leader Americas/Hotel
This recognition reflects the Company’s unwavering commitment to advancing sustainable practices within the real estate and hospitality sectors.
4 Green Stars and Consistent Excellence:
For the seventh consecutive year, DiamondRock was awarded 4 Green Stars, maintaining its Green Star status, a prestigious achievement that highlights consistent and outstanding performance in sustainability and ESG metrics.
GRESB Public Disclosure 2024: Top Rankings in U.S. Hotels:
In the 2024 GRESB Public Disclosure, DiamondRock achieved an impressive first-place ranking within U.S. Hotels, with a score of “A”, surpassing the Peer Group Average of “B” and the GRESB Global Average of “B”. This high rating underscores DiamondRock’s exceptional commitment to sustainable investment and operations.
What is GRESB?
The GRESB Real Estate Assessment is a global ESG benchmark designed for listed property companies, private property funds, developers, and investors involved in real estate. This investor-driven assessment evaluates the sustainability performance of real estate investments based on material issues deemed important by investors and the industry. The methodology, consistent across regions, investment vehicles, and property types, aligns with international reporting frameworks, ensuring reliable and comprehensive ESG performance evaluation.
DiamondRock’s impressive performance in the 2024 GRESB Real Estate Assessment showcases its leadership in the hospitality sector, as it continues to set new standards for sustainability and responsible real estate investment practices.
The post DiamondRock Hospitality Recognized with Prestigious 2024 Nareit Leader in the Light Award appeared first on Travel And Tour World.
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