ENVIRONMENTAL
INTRODUCTION
SUSTAINABILITY OBJECTIVES AND STRATEGY
CORPORATE CITIZENSHIP
GOVERNANCE AND TRANSPARENT REPORTING
APPENDICES
ENVIRONMENTAL IMPACT GOALS AND REPORTING In the U.S., buildings where people live, work, shop and are educated, healed, and governed consume approximately 40% of energy and 74% of the electricity produced annually. 1 At ESRT, we define and act upon building performance standards to drive global and local energy reduction, improve colleague and occupant health and productivity, bolster our competitive position, and mitigate risk. We are committed to lead at city, state, national, and global levels, and our work supports this leadership. In 2024, ESRT conducted an in-depth goals and targets exercise to ensure that our objectives were ambitious, supported by independently verified, science-based data, and focused on returns and business results. We focused on six categories for our portfolio: energy, emissions, water, waste, health and well-being, and green building certifications. ESRT submits to GRESB annually and is globally recognized with the highest scores in leadership, policy, reporting, stakeholder engagement, targets, tenants and community, data monitoring and review, and building certification categories. We use 2009 as a baseline year for our entire portfolio and 2007 for the Empire State Building and ensure that our goals meet or exceed our existing commitments. Our reporting boundary includes 19 properties owned and controlled by ESRT for the full calendar year of 2024.
ENERGY
• Target 50% energy use intensity reduction by 2035 • Target 20% energy use intensity reduction by 2030 as part of our participation in the EPA’s Better Building Challenge from a 2018 baseline year • 100% of tenants submetered
Energy and Atmosphere Ensure access to affordable, reliable, sustainable, and modern energy for all
Goal 50% site energy use reduction by 2035
2024 Progress: On Track
ENERGY USE INTENSITY 2 (kBtu/ft 2 )
99.0
58.4 56.2
53.5
49.5
2009
2022
2035
2024
2023
1 https://www.energy.gov/topics/buildings-energy-efficiency 2 Like-for-like metrics represents ESRT’s NYC commercial office properties owned for the full calendar years.
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2024 SUSTAINABILITY REPORT
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