HEI Hotels & Resorts

101 Merritt 7 1st floor, Norwalk, CT 06851

Founded in 1985, HEI Hotels & Resorts is one of the nation’s leading privately held hotel investment and third-party management companies. Recognizing that our success starts and ends with our associates under our pioneering culture of HEI Loves, we invest in and develop the most passionate and talented people in our industry. Our operating platform is built exclusively for institutional hotel assets in key Urban, Super-Suburban, and Resort locations. Our success is built on creating a culture of empowerment and accountability with experiences that guests appreciate, all while achieving highly profitable performance measurements. It’s a unique blend of Art and Science that has fueled our reputation and earned the trust of our unparalleled group of institutional partners.

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3.3

Overall Excellence Rating

Industry

Hotel Companies

Category

Hotels & Resorts

ESG/Ethical Impact

At HEI, this principle has informed our actions for a very long time. It’s also why over the past three years we have significantly increased our reporting on environmental, social and governance (ESG) activities. Our ESG actions demonstrate our commitment not only to operating a sustainable business, but also to building a sustainable Hawai‘i in which our children and grandchildren, our communities, our customers and our fellow employees will thrive together both now and for generations to come. As providers of critical infrastructure and services, the HEI family of companies plays an essential role in transitioning Hawai‘i away from fossil fuels and toward a net zero economy – one in which our industries remove whatever greenhouse gas (GHG) emissions they create. We view it as our kuleana (responsibility) to set ambitious climate goals and plans, and by doing so, to inspire and enable other sectors of the economy to take action to reduce GHG emissions and transition away from fossil fuels. Our board of directors, our customers, partners and suppliers, and every one of our employees plays a role in this transition, reflecting the way in which the climate crisis demands our community’s collective action. Our utility, Hawaiian Electric, anchors these efforts, as it works to directly decarbonize Hawai‘i’s electricity and ground transportation sectors while enhancing the resilience of our electricity system and protecting our communities from the impacts of climate change. We made tremendous progress in 2021, achieving a consolidated renewable portfolio standard (RPS) of 38.4% that puts us well ahead of schedule to achieve Hawai‘i’s statutory goal of 40% RPS by 2030. We also set a new goal to reduce GHG emissions from electricity generation by 70% compared to 2005 on our way to net zero emissions from electricity generation by 2045. Our preliminary 2021 GHG emissions from electricity generation were 22% below 2005 levels. Supporting Hawai‘i’s economy and affordability for those who live here continued to be a central focus for American Savings Bank in 2021. From 2020 through year-end 2021, ASB deployed Paycheck Protection Program funding totaling $551 million to support Hawai‘i businesses representing more than 40,000 employees. In 2021 ASB’s teammates also led a statewide business holiday card program that provided $750,000 in direct support to Hawai‘i’s restaurant and food supply industries. These efforts have helped small businesses stay afloat during the pandemic and keep jobs in our communities. In addition, ASB is helping address climate change by providing financing for customers to invest in clean energy and storage, energy efficiency and resilience projects and by improving energy efficiency across its banking operations.

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Awards Received

2023

Revenues

$4,700,000,000.00

Website Traffic

Employee Rating

4

Customer Rating

4.2

Company Size

10000+

ESG Risk Rating

3

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