Goals and Accomplishments
ENERGY • Target a reduction of energy use intensity by 20% by 2024 as part of the U.S. Department of Energy’s Better Buildings Challenge • 100% of Portfolio Fully Powered by Renewable Wind Electricity. We have purchased 100% renewable energy at Empire State Building since 2010 and portfolio wide as of January 1, 2021 • Nation’s largest 100% user of green power in real estate per EPA Green Power Partnership report given that 100% of our portfolio is covered by renewables • #1 most energy efficient REIT in NYC based on kgCO 2 e per square foot per Morgan Stanley February 5, 2020, research report: Time for the Big Apple to Go Green: Office in Focus CARBON EMISSIONS • Target net-zero carbon emissions by 2030 at the Empire State Building and across our portfolio by 2035 • Work to identify pathways to exceed NYC goals to reduce greenhouse gas emissions 40% by 2030 and 80% by 2050 • Intend to meet the Empire Building Challenge and commit to leadership at a statewide level to achieve 85% local emissions reduction by 2035 in partnership with the grid
WASTE AND RECYCLING • Target a reduction of waste generation 5% year-over-year • Target 75% waste diversion rate by 2035 from a 2018 baseline
• Perform waste audits at 100% of properties annually (note, this could not be effectively done in 2020 due to pandemic precautions and impact on waste diversion measures)
WATER • Target reduction of water use by 2% year-over-year • Target 30% reduction by 2035 from a 2018 baseline • Implement ultra-low-flow touchless fixtures in all renovations • Phase in real-time water metering software across the portfolio between 2020 and 2025
INDOOR ENVIRONMENTAL QUALITY • MERV 13 filters in 100% of ESRT-controlled HVAC Systems
• Meet or exceed ASHRAE 62.1 standards for ventilation at 100% of properties • Perform comprehensive indoor air quality testing at 100% of properties
• Implement green cleaning and integrated pest management practices at 100% of properties • No or low VOC and no Red List Materials required as part of High-Performance, Sustainable, and Healthy guidelines • Continue our rollout of active bipolar ionization air purification in select public areas and all new pre-builts, currently installed in over one million square feet across the portfolio ESG DISCLOSURE AND CERTIFICATIONS • Pursue ENERGY STAR Certification at 100% of eligible buildings • Report to GRESB annually • Align reporting with Task Force on Climate-Related Financial Disclosures (TCFD), SASB, and GRI as feasible • Perform third-party data verification in alignment with ISO 14064-3 • Maintain WELL Health-Safety Rating annually • Environmental Management System aligned with ISO 14001 adopted in 2020 • Climate Change Adaptation and Resilience plan intended to align with TCFD
12 EMPIRE STATE REALTY TRUST: 2020 SUSTAINABILITY REPORT
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