ESG OBJECTIVES AND STRATEGY
INTRODUCTION
ENVIRONMENTAL
SOCIAL
GOVERNANCE
APPENDICES
9
Integration Sustainability is integrated into who we are and what we do in every aspect of our business. Our groundbreaking work sets the standard for our industry and delivers long-term value for our shareholders, tenants, colleagues, and the communities where we live and work. Our sustainability professionals participate in our capital expenditure planning and execution, property management, design, and leasing.
CARBON NEUTRAL BUILDINGS Through our design standards, operational practices, and targeted decarbonization roadmap, ESRT provides an industry- leading standard for decarbonizing the built environment in New York City. ESRT achieved carbon neutrality in 2022 through a combination of (i) reduction of operational emissions through building energy efficiency work, (ii) purchase of wind renewable energy credits (RECs) for 100% of the commercial portfolio’s electrical usage, and (iii) offset of 100% of fossil fuel usage with preservation of biodiverse forests. This is just one step in our commitment to our operational net zero target of 80% emissions reduction at the Empire State Building (ESB) by 2030 and the entire commercial portfolio by 2035. As we reduce emissions through our ESRT 2.0 work, we plan to offset our fossil fuel emissions through accredited sources until we reach our reductions goals.
RESTORATION AND REUSE ESRT retrofits and operates its buildings with environmental impact and resource conservation as a priority to ensure that we operate our buildings efficiently to reduce energy, water consumption, and waste production. ESRT consistently considers embodied carbon in our decarbonization analyses with a focus on modernization of existing buildings to advanced
HEALTHY BUILDINGS ESRT creates
INDOOR ENVIRONMENTAL QUALITY Since 2010, ESRT has deployed a leading IEQ program that includes bipolar ionization, MERV 13 filtration, air quality monitoring, CO 2 sensors, and low/
DIVERSITY, EQUITY, AND INCLUSION Through training and development programs, codes of conduct, and transparent practices and policies, ESRT promotes DEI efforts within our company, at our properties, and across our supply chain. ESRT was named a member of the Bloomberg Gender-Equality Index for the second year in a row and became a signatory of the UN Women Empowerment Principles in 2022.
spaces that support the health and well- being of our tenants and employees. We partner with tenants throughout the design process to include key design elements to enhance occupant productivity and well-being.
no volatile organic compound (VOC) materials.
performance levels. This approach also delivers the strongest ROI.
EMPIRE STATE REALTY TRUST: 2022 SUSTAINABILITY REPORT
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