2022 Sustainability Report: Empire State Realty Trust








Succession Planning, Learning, and Professional Development To position our employees for success, we invest in their professional development and provide them with access to a variety of learning opportunities. This continual development of our workforce is imperative for performance and retention and our company’s growth. Our programs include the following:

ESRT INTERN PROGRAM ESRT offers internship programs across most departments predominantly for college students. ESRT ensures that traditionally underrepresented individuals are included in our program. Interns receive first-hand exposure to the real estate industry and train on the job, shadow our employees, and work on projects within our portfolio. Every year, interns are assigned summer-long projects from their allocated departments, which they present to senior leaders at the conclusion of the program. Successful summer interns are offered full-time employment upon graduation.

Talent Management, Professional Development, Succession Planning Our HR team regularly engages with managers to discuss employee growth paths, development opportunities, and succession planning. We use talent management tools, such as 9-Box, annual reviews, mid-year reviews, and 360 feedback, to assess performance and talent potential of current employees and identify future talent and developmental pipeline needs. We refer to these tools for the attraction and retention of employees to assist with the growth of high-potential employees. Employee Performance Review In order to gather and process employee feedback, we conduct mid-year and fourth quarter company performance appraisals. Part of the review cycle includes a 360-feedback component that provides employees with feedback from their managers, those reporting to them, and peers of their choice to further employee growth and development.

Empire Academy Our Empire Academy program provides employees with educational programs, resources, and tools. The program provides monthly job-specific educational seminars on a variety of topics that promote professional development, educational awareness, and personal growth. with one year of ESRT service may request tuition reimbursement approval by their manager. The tuition reimbursement program is inclusive of all corporate employees for job- specific development. Tuition Assistance Program ESRT provides tuition assistance for corporate employees enrolled in courses related to their current positions with the company. Employees New Hire Onboarding Program We have reimagined our new hire onboarding program to include more developmental conversations and increased feedback from new hires. This improves our efforts to provide a best-in-class employment experience and attract top talent.

MANDATORY TRAININGS All corporate employees are required to complete the following mandatory annual trainings provided online:

• Bribery and Corruption • Code of Business Conduct and Ethics • Cybersecurity • Employee Manual Recertification • Human Rights • Insider Trading • Preventing Workplace Discrimination • Unconscious Bias


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