GOVERNANCE AND TRANSPARENT REPORTING
INTRODUCTION
SUSTAINABILITY OBJECTIVES AND STRATEGY
ENVIRONMENTAL
CORPORATE CITIZENSHIP
APPENDICES
BOARD AND MANAGEMENT OVERSIGHT ESRT responsibly manages our business and our sustainability commitments with a focus on transparency, accountability, and ethical policies and practices that apply across our organization and supply chain.
Board of Directors Oversees sustainability strategy
Board Committees
SUSTAINABILITY OVERSIGHT Sustainability is a critical component of our business strategy, and our board is actively engaged and dedicated to oversight and accountability of our sustainability commitments on behalf of our stakeholders. The chart to the right shows the committees to which oversight responsibilities have been formally delegated, all in accordance with their respective charters. With accomplished backgrounds across multiple industries, our board provides strategic guidance to drive our ongoing business success. Our integrated, comprehensive, all-department approach to sustainability is supported by ESRT’s Sustainability Committee and directed by our SVP, Director of Energy and Sustainability. Our SVP, Director of Energy and Sustainability, is one of four SVPs in our Property department that also includes property management, project management, and leasing. ESRT’s sustainability strategy and goals are integrated with and closely supported by every department. The Sustainability Committee meets quarterly, and the standing members include our Chairman and CEO, President, EVP of Real Estate, CFO, SVP of Leasing, SVP of Property Management, SVP of Design and Construction, and leaders of the legal, marketing, accounting, and investor relations teams. ESRT ensures direct accountability and a continued sustainability focus through incorporation of sustainability metrics as part of executive management compensation, both as part of annual bonuses and performance-based equity awards.
Audit Committee
Compensation Committee
Finance Committee
Nominating and Corporate Governance Committee Oversees the corporate responsibility and sustainability matters as well as human capital management
Oversees company’s risks and mitigation efforts and disclosure processes related to sustainability
Oversees risk related to attraction and retention of executive offices
Considers sustainability opportunities and risk related to transactions and financing
CEO Provides high-level direction and expertise on sustainability strategy and goals
Sustainability Committee Headed by SVP, Director of Energy and Sustainability Includes leaders of each business unit to integrate sustainability strategies across company
Sustainability Team Executes sustainability strategy, manages all sustainability initiatives, and measures progress across company
Accounting, Acquisitions, Design and Construction, Human Resources, Information Technology, Investor Relations, Leasing, Legal, Marketing, Property Management Integrates and implements sustainability strategy and policies within each department and actively participates to achieve the company’s sustainability goals
55
2024 SUSTAINABILITY REPORT
Made with FlippingBook. PDF to flipbook with ease