ENVIRONMENTAL
INTRODUCTION
ESG OBJECTIVES AND STRATEGY
SOCIAL
GOVERNANCE
APPENDICES
30
We perform energy audits on a regular basis (at a minimum every three years), procure RECs to offset emissions from electricity consumption, offset fossil fuel usage from forest preservation, and partner with policymakers at the city, state, and federal levels to drive a renewable and resilient grid. Our plan to accomplish our 2035 net zero goal is to continue to implement these measures, perform evaluations of emerging technologies, and scope opportunities for on-site or community-based renewable energy generation and storage where viable. Our commitment to reduce energy consumption in the buildings by 50% from non-renewable sources combined with CLCPA renewable energy sources contribute to our plan to achieve net zero emissions across our portfolio.
ENERGY
We have promoted energy efficiency throughout our portfolio since 2007 when New York City began its climate leadership under Mayor Bloomberg. ESRT’s participation included work on programs such as:
NEW YORK CITY • NYC’S Green Code Task Force (for the development of PlaNYC, LL84, LL87, etc.) • 80x50 Technical Working Group • NYC Mayor’s Carbon Challenge includes the updated, more stringent program launched in 2022 • Climate Mobilization Act LL97 Advisory Board • NYSERDA Empire Building Challenge • NYC Sustainability Advisory Board appointment December 2022
FEDERAL • DOE’s Better Buildings Challenge and Better Climate Challenge and Net Zero Emissions and Net Zero Waste Pilots
We implement RTEM, conduct M&V audits and tenant engagement management analytics, and perform quarterly M&V on energy projects. We partner with ConEdison and New York Independent System Operator (NYISO) on over eight million square feet of our portfolio in its Demand Response programs. With demand management, we reduce our assets’ electricity usage through peak periods, reduce stress on the grid, and help prevent disruptions to service such as brownouts and blackouts. All assets have access to a real-time meter data (RTM) tool designed for proactive demand management during demand response events.
EMPIRE STATE REALTY TRUST: 2022 SUSTAINABILITY REPORT
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