ENVIRONMENTAL
INTRODUCTION
SUSTAINABILITY OBJECTIVES AND STRATEGY
CORPORATE CITIZENSHIP
GOVERNANCE AND TRANSPARENT REPORTING
APPENDICES
GREENHOUSE GAS EMISSIONS
• Target 80% operational emissions reduction at the Empire State Building by 2030 and across the portfolio by 2035 provided grid reductions occur in this time frame and as justified by economic results • Maintain carbon neutrality across portfolio • Meet the New York State Empire Building Challenge • Achieve validated SBTi targets
Physical and Transitional Risk Mitigation Take action to mitigate physical and transitional risk and its impacts
Goal 80% reduction by 2030 for the Empire State Building and by 2035 for portfolio
2024 Progress: On Track
GREENHOUSE GAS EMISSIONS INTENSITY 3 (kgCO 2 e/ft 2 )
5.8
5.8
5.1
4.4
1.2
2009
2022
2023
2024
2035
WATER
• Target 30% water intensity usage reduction by 2035 • Target 2% water usage reduction each year • Maintain real-time water metering and software across portfolio
Clean Water and Sanitization Ensure availability and sustainable management of water and sanitation for all
Goal 30% reduction in water intensity by 2035
2024 Progress: On Track WATER USE INTENSITY 3 (kgal/ft 2 )
0.196
0.153
0.151
0.148
0.137
2009
2022
2023
2024
2035
WASTE
• Target 75% waste diversion rate by 2035 • Target 50% waste diversion rate by 2027 • Target 5% waste generation reduction annually • Perform waste audits at all commercial buildings quarterly • Maintain building-wide organics composting program across portfolio
Responsible Consumption and Production Ensure sustainable consumption and production patterns
Goal 75% waste diversion rate by 2035
2024 Progress: On Track WASTE DIVERSION 4
75%
44%
39%
37%
2022
2023
2024
2035
3 Like-for-like metrics represents ESRT’s NYC commercial office properties owned for the full calendar years. 4 Like-for-like metrics represents waste generation associated with ESRT’s commercial office and multifamily portfolio that were owned for the full calendar years.
17
2024 SUSTAINABILITY REPORT
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