SOCIAL
INTRODUCTION
ESG OBJECTIVES AND STRATEGY
ENVIRONMENTAL
GOVERNANCE
APPENDICES
58
Vendors and Suppliers ESRT is committed to foster relationships with high-performing and underrepresented vendors and expects its vendors to promote an inclusive work environment. We are building a system to track vendors, services, contractors, and supply chain diversity, and we emphasize the importance of diversity with each relationship. Per the policy we implemented in 2021 for construction vendors, when a project goes out to bid, one of every four vendors must be diverse when possible. In 2022, we awarded 22% of construction project contractors totaling nearly $70 million to MWBE owners. ESRT requires all partners, suppliers, and vendors to adhere to our Vendor Code of Conduct, which outlines our expectations for ethical conduct, legal and regulatory compliance, environmental standards, human rights and labor standards, diversity, equity and inclusion, and health and safety, among other topics. Additionally, ESRT contracts require that new and existing suppliers comply with all local, state, and federal laws, which incorporates the New York City Human Rights Law. ESRT, in conjunction with the Real Estate Roundtable, has been at the forefront of the real estate industry’s development of an MWBE business directory from which the entire industry can benefit. Our procurement practices promote the procurement of sustainable goods such as green cleaning products and sustainable building materials to foster the health and well-being of our employees and tenants.
EMPIRE STATE REALTY TRUST: 2022 SUSTAINABILITY REPORT
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