SOCIAL
INTRODUCTION
ESG OBJECTIVES AND STRATEGY
ENVIRONMENTAL
GOVERNANCE
APPENDICES
47
COMMUNICATION We publish a monthly internal newsletter, HR Muscle , that highlights recent business successes, celebrates employee performances and milestones, and covers Inclusion Committee progress, learning and development opportunities, upcoming employee events, employee benefit offerings, and much more.
Budget Muscle informs the entire company of our annual budget process and progress and individual and department contributions thereto.
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, President, and CEO hosts CEO Q&As for each department. EMPLOYEE FEEDBACK TAKEN INTO ACCOUNT We communicate with our colleagues the same way we communicate with our investors. We annually review and revise the policies in our Employee Handbook, taking into account employee feedback received 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, 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 EMPLOYEE EVENTS ESRT provides a host of events where our people can interact and share social enjoyment, aimed to promote a fun and healthy work environment, connectedness, and inclusion across the company. These activities include monthly Gratitude lunches, monthly bagels or barista service, themed employee appreciation events, holiday celebrations, educational seminars, and company-wide Athletics Committee events.
ESRT’s Inclusion Committee hosts monthly Gratitude events with corresponding themes relevant to current holidays. Some events celebrated in 2022 were Juneteenth, Independence Day, Women’s Equality Day, and Octoberfest. Each Gratitude event uses local or minority-owned businesses to cater the food and beverages.
EMPIRE STATE REALTY TRUST: 2022 SUSTAINABILITY REPORT
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