APPENDICES
INTRODUCTION
SUSTAINABILITY OBJECTIVES AND STRATEGY
ENVIRONMENTAL
CORPORATE CITIZENSHIP
GOVERNANCE AND TRANSPARENT REPORTING
TENANT MANAGEMENT
Code
Accounting Metric
2024 Disclosure
(1) (2) 100% of ESRT’s new leases for commercial and retail tenants contain cost recovery clauses for energy efficiency upgrades that benefit the tenant. This equates to 1.3 million rentable square feet of newly leased office and retail space covered by such language in 2024. 0.0% of ESRT’s residential leases contain cost recovery clauses for energy efficiency upgrades that benefit the tenant. (1) Empire State Realty Trust submeters 100% of office and retail tenants for grid electricity consumption across the portfolio. 100% of multifamily tenants are separately metered for grid electricity consumption. (2) ESRT submeters 0.0% of office, retail, and residential tenants for water withdrawal. Tenants are a top priority at ESRT as we create healthy, productive, and sustainable built environments. The investments and adjustments to ESRT’s practices are geared toward achieving quantifiable improvements in energy efficiency, carbon emissions reductions, water efficiency, waste diversion, and healthy buildings. Annual tenant satisfaction surveys are performed portfolio-wide by a third party, in addition to engaging with tenants through townhalls and sustainability focused education seminars, to assess property management and sustainability at ESRT. In tandem with tenants, ESRT also developed customized Tenant Sustainability Programs and initiatives and works to maintain tenant communications through in-person meetings, conversations, outreach, and emails. ESRT’s Tenant Sustainability Toolkit and Waste Management Guide, located on ESRT’s website, provides tenants with further insight into the sustainability efforts being done across the portfolio.
IF-RE-410a.1
(1) Percentage of new leases that contain a cost recovery clause for resource efficiency related capital improvements and (2) associated leased floor area, by property subsector
IF-RE-410a.2 Percentage of tenants that are separately metered or submetered for (1) grid electricity consumption and (2) water withdrawals, by property subsector IF-RE-410a.3 Discussion of approach to measuring, incentivizing, and improving sustainability impacts of tenants
CLIMATE CHANGE RESILIENCE
Code
Accounting Metric
2024 Disclosure
IF-RE-450a.1
Area of properties located in 100-year flood zones, by property subsector
Office: Corporate: High Rise Office: 0% Office Corporate: Mid-Rise Office: 0% Multi-Use: Mid-Rise Residential and Retail: 0% Standalone Retail: 0% Residential: High-Rise: 50% (1 out of 2 buildings) Residential: Mid-Rise: 0%
72
2024 SUSTAINABILITY REPORT
Made with FlippingBook. PDF to flipbook with ease