2022 Sustainability Report: Empire State Realty Trust

GOVERNANCE

INTRODUCTION

ESG OBJECTIVES AND STRATEGY

ENVIRONMENTAL

SOCIAL

APPENDICES

68

Disclosure Frameworks and Industry Alignment

Transparency is a key component of governance and accountability, as it informs our stakeholders of our actions and their results. We use internationally recognized disclosure frameworks as a part of our strategy to ensure full transparency and accurate reporting.

Reporting We submit the GRESB Real Estate Assessment annually and strive to align our disclosures with TCFD, which evaluates our organization on our climate-related risks. For the third consecutive year, ESRT achieved the GRESB Five Star Rating with an overall score of 95. Consistent with last year, ESRT was ranked first with a score of 96 and an A rating in the Public Disclosure Assessment. We received three real estate sector leader recognitions: Global Sector Leader, Regional Sector Leader Americas, and Regional Listed Sector Leader Americas for Office. Sector leaders are the best performers by sector and region across all GRESB assessments. This significant achievement demonstrates our commitment to and implementation of our climate resilience and ESG strategies. We seek to align this report with TCFD, SASB, and GRI standards, which we believe are the highest standards of sustainability transparency. We will use these frameworks and standards to continue to show our peers what sustainability accomplishments are possible to achieve and accurately report progress to investors. In an effort to align with and respond to industry

frameworks, ESRT continually evaluates our scoring to identify potential opportunities to advance our program and exceed industry standards. The table to the left documents our 2020, 2021, and 2022 scores in some of the leading industry ESG frameworks. Goal-setting Since 2021, we have committed to the SBTi. In 2022, we received 1.5°C target alignment validation from SBTi. We submitted corporate GHG reduction goals in line with the 1.5°C reduction scenario for Scopes 1, 2, and 3 emissions. We are extremely proud of this commitment and hope to be an example to our peers in both the transparency and ambition of our goals. Strategy Development To ensure that our reporting is comprehensive, we completed a Materiality Assessment in 2021. This assessment collects feedback from our stakeholders on the ESG issues they identify as a significant potential impact and associated level of importance to the business. This process ensures that we are aware of and report on these identified issues to our stakeholders and in our public annual reporting. We view this process as critical to ensure we are honest and held accountable in our program and reporting. We intend to complete this process every three years. See page 16 for more information.

Framework

GRI

GRESB MSCI

ISS ESG SASB Sustainalytics

0-100 & 1-5 Stars

AAA- CCC

0-10, lower is better

Negligible - Severe

Scoring

Y/N

Y/N

2020

Y

88, 5 Stars

BBB E:3, S:4, G:7

Y

Low Risk

2021

Y

94, 5 Stars

BBB E:2, S:2, G:7

Y

Low Risk

2022

Y

95, 5 Stars

BBB E:2, S:3, G:6

Y

Low Risk

Listed on Bloomberg Gender-Equality Index

EMPIRE STATE REALTY TRUST: 2022 SUSTAINABILITY REPORT

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