INTRODUCTION
SUSTAINABILITY OBJECTIVES AND STRATEGY
ENVIRONMENTAL
CORPORATE CITIZENSHIP
GOVERNANCE AND TRANSPARENT REPORTING
APPENDICES
OVERVIEW Empire State Realty Trust, Inc. (NYSE: ESRT) is a NYC-focused real estate investment trust (REIT) that owns and operates a portfolio of modernized, amenitized, and strategically positioned office, retail, and multifamily assets. ESRT’s flagship Empire State Building, the “World’s Most Famous Building,” includes its Observatory — the #1 Attraction in the World in 2024 and in the U.S. for three consecutive years by Tripadvisor’s Travelers’ Choice Awards: Best of the Best Things to Do. As of December 31, 2024, ESRT’s portfolio comprises approximately 7.8 million rentable square feet of office space, 0.7 million rentable square feet of retail space, and 732 multifamily units. ESRT’s sustainability strategy is founded on science- and data-based initiatives that mitigate the environmental impacts and risks of our buildings. In the execution of our strategy, we prioritize accountability and financial performance, as well as the health and well-being of ESRT’s colleagues, tenants, and the communities where we operate. Our efforts and our results heighten our properties’ competitive position in the marketplace and protect and enhance stakeholder value.
ESRT is a global leader in proven technical and economic solutions for energy efficiency. We are a model for the successful implementation of comprehensive, innovative, and effective sustainability policies, stakeholder engagement, and transparent reporting. We have reduced energy consumption by 51% and emissions by 59% at the Empire State Building since 2007. Across our commercial portfolio we have reduced energy consumption by 41% and emissions by 49% since 2009. Based on our proactive efforts, we anticipate full compliance with LL97 through 2034. In partnership with NYSERDA and supported by the Clinton Global Initiative, we authored The Empire Building Playbook: An Owner’s Guide to Low Carbon Retrofits. This free online playbook charts a path for landlords, tenants, and service providers to target energy efficiency with a framework for measurement and verification (M&V) on energy and economic payback performance, based on our groundbreaking work at the Empire State Building and across our portfolio. Our expertise and commitment in these areas provide the foundation to deliver sustainable and healthy buildings across our portfolio and to share best practices to drive positive change across NYC and globally.
COMPANY PRIORITIES
Identify Growth Opportunities
Lease Space
Manage Balance Sheet
Sell Observatory Tickets
Achieve Sustainability Goals
5
2024 SUSTAINABILITY REPORT
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