10
SUSTAINABILITY OBJECTIVES AND STRATEGY
INTRODUCTION
ENVIRONMENTAL
SOCIAL
POLICIES AND TRANSPARENT REPORTING
APPENDICES
We integrate sustainability into every aspect of our business. Our groundbreaking work delivers long-term value for our shareholders, tenants, colleagues, and the communities where we live and work. Through our design standards, operational practices, and targeted decarbonization roadmap, ESRT is the industry leading model for how to decarbonize the built environment and achieve sustainability goals. Integrated Building Performance
ACQUISITIONS: RESTORATION AND REUSE
DESIGN AND CONSTRUCTION
LEASING AND TENANTS
PROPERTY MANAGEMENT
ESRT assesses the environmental sustainability of the full lifecycle of buildings. We apply our sustainability approach when we evaluate potential acquisitions and investments. We retrofit and operate our buildings with environmental impact and resource conservation as a priority to ensure that we operate our buildings efficiently to reduce emissions, energy usage, water consumption, and waste generation. We consistently consider embodied carbon in our decarbonization analyses with a focus on the modernization of existing buildings to advanced performance levels.
ESRT’s design and construction of new spaces and renovations provide significant opportunities to drive energy efficiency, sustainability, and healthy spaces. ESRT has implemented rigorous standards for sustainability and IEQ during the construction and design phase, as outlined in our High Performance Design and Construction Guidelines. ESRT creates spaces that support the health, productivity, and well-being of our tenants and employees in alignment with the most advanced national and international standards, which include LEED v4.1, WELL v2, and WELL Health-Safety.
ESRT works with tenants at every stage of our relationship to integrate shared sustainability priorities and customize initiatives that support their sustainability goals and drive building performance. ESRT leases include green lease clauses, which require transparent energy, water, waste, and emissions data to be tracked and reported; and tenant fit- out requirements. ESRT received the highest recognition as a Platinum certified Green Lease Leader and in 2023 we worked with more than 150 tenants to help achieve their sustainability goals.
Our property management and engineering teams work together to maintain ESRT’s Sustainability Guidelines, which were designed to drive consistent, exceptional environmental performance at each property. These standards include portfolio-level goals and priorities along with asset-level standards, resources, and responsibilities, which ensure that asset operations are an active part of ESRT’s commitment to provide top-tier healthy and sustainable spaces for our tenants. Our property managers host annual town halls that highlight each building’s sustainability initiatives and provide resources for our tenants to implement within their own spaces to advance their sustainability goals.
EMPIRE STATE REALTY TRUST: 2023 SUSTAINABILITY REPORT
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