ENVIRONMENTAL
INTRODUCTION
ESG OBJECTIVES AND STRATEGY
SOCIAL
GOVERNANCE
APPENDICES
20
ESRT announced in April 2022 an update of our 2010 roll out that outlines further steps beyond deep energy retrofits to net zero carbon emissions in balance with healthy buildings, referred to as ESRT 2.0. In a public-private partnership with NYSERDA and the Clinton Global Initiative, ESRT released the Empire Building Playbook, a free step-by-step guide for existing commercial building owners to develop a pathway to carbon reduction with proven ROI announced by President Clinton, Governor Hochul, and Mayor Adams.
Learn More: Empire State Realty Trust Reaches Carbon Neutrality for Commercial Portfolio
GOAL ESRT Net Zero by 2035
As we prioritize our efforts to reduce emissions through our building retrofit work, tenant engagement, and sustainability policy efforts, we will offset our fossil fuel emissions through accredited sources until we reach our goal of 80% operational carbon emissions reduction—or net zero. The Empire State Building has been 100% powered by renewable energy since 2011, and as of January 2021, we power 100% of the electricity used in the entire commercial portfolio through clean wind power RECs. ESRT has partnered with 18 Reserves and ACT to offset 100% of commercial non-electric energy consumption through the preservation of approximately 9,000 acres of biodiverse forest ecosystem. • January 2022: ESRT achieved carbon neutrality • November 2022: ESRT completed net zero roadmaps and began implementation for 100% of NYC commercial portfolio • November 2022: SBTi validation of ESRT net zero 1.5°C commitment for carbon emissions reduction
EMPIRE STATE REALTY TRUST: 2022 SUSTAINABILITY REPORT
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