April 22, 2022
It is a pleasure and a privilege for us to share our 2021 Sustainability Report and present a year of continued achievement and commitment to our shareholders, tenants, team, and community. We have continued and expanded upon our industry leadership in sustainability, Indoor Environmental Quality (IEQ), and healthy buildings and moved strongly forward with actions to support our team and our community. We have a comprehensive techno-economic program, aligned with the Science-Based Targets Initiative (SBTi) 1.5 °C pathway and we have developed customized plans to address each goal with targeted ROI- based initiatives. We have stated our commitment to a 2030 carbon neutrality target for the Empire State Building and a 2035 carbon neutrality target for the balance of our office portfolio. In partnership with the New York State Energy Research and Development Authority (NYSERDA), we launched Version 2.0 of our groundbreaking energy efficiency retrofit program for the existing built environment. These case studies show a pathway and the economic case to achieve, in coordination with New York State’s Climate Leadership and Community Protection Act (CLCPA), our goal of 80% operational emissions reduction by 2030. Visit this free guide for office landlords to develop their roadmap toward carbon neutrality HERE. We led the industry as the first North American commercial portfolio to receive the WELL Health‑Safety rating, and we were one of the first to have our rating renewed. We piloted new IEQ technologies to position our assets to exceed leading IEQ health and wellness standards. We have made all these benefits accessible to all tenants, not just large tenants, through our IEQ Pre-Built Suites with energy efficiency at an accessible price point. Energy efficiency and health and wellness are available to all types of tenants at ESRT properties. We have committed to diversity, equity, and inclusion within our company and supply chain through training, mobilization, and engagement. In 2022 we were included in the Bloomberg Gender Equality Index. Per the policy we implemented in 2021, every bid should include at least one bidder from an underrepresented group and every vendor must agree to ESRT’s Vendor Code of Conduct. We have also invested to create better opportunities and inclusivity for diverse vendors. ESRT has also added to the quality of our community with enhanced engagement activities at the workplace and in our volunteer work. We have served our community through park clean-ups, oyster seeding, work in soup kitchens, and more. We sponsor company-wide volunteer events throughout the year and also provide volunteer time off to encourage our people to make a difference outside of the workplace at organizations of their choosing. In 2021 ESRT demonstrated continued leadership in a challenging time. We pushed forward on all fronts to continue to deliver value to our stakeholders and achieve our sustainability goals. There is more work to do, and we are committed to achieve.
Anthony E. Malkin Chairman, President, and Chief Executive Officer
Dana Robbins Schneider SVP, Director of Energy, Sustainability, and ESG
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