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SOCIAL
INTRODUCTION
SUSTAINABILITY OBJECTIVES AND STRATEGY
ENVIRONMENTAL
POLICIES AND TRANSPARENT REPORTING
APPENDICES
COMMUNICATION We believe that open and honest communication is essential for sustained high performance. We publish a monthly internal newsletter, HR Muscle , that highlights recent business successes, celebrates team wins and employee performance and milestones, and covers Inclusion Committee progress, learning, and development opportunities, upcoming employee events, and employee benefit offerings. Our quarterly town hall meetings, led by our senior management team, discuss our earnings results and other topics important to the business, and answer questions from all colleagues. Twice a year, our Chairman and CEO hosts CEO Q&As for each department. EMPLOYEE FEEDBACK TAKEN INTO ACCOUNT We annually review and revise the policies in our Employee Handbook, with employee feedback considered through the surveys and communication forums throughout the year. Some examples of changes in recent years as a result of this collaborative process include:
• Increased our 401(k) match from $1,250 per year to 100% of contributions up to 5% of an employee’s salary (to the extent permitted by applicable law) • Added employer funding of our Health Savings Account (HSA) program ($1,000 for individuals, $2,000 for family coverage) • Enhanced our Parental Leave Policy with the addition of an extended paid bonding leave • Increased paid time off, added Juneteenth as a company holiday, and provided paid volunteer time off
• Codified our flexible hours and remote work policies • Created a VIP Program that allows employees to attend celebrity events at the Empire State Building • Increased learning and development opportunities related to feedback and performance management, and effective listening • Created additional wellness rooms for our nursing parents • Launched a mentorship committee • Created suggestion boxes for corporate and union employees
INTERDEPARTMENTAL COLLABORATION One of our guiding principles is that we are a team and when we win, we all win. To achieve that aim, we foster interdepartmental collaboration through the work we do, in employee committees, volunteer opportunities, and social events to foster camaraderie and a team mindset.
EMPIRE STATE REALTY TRUST: 2023 SUSTAINABILITY REPORT
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