ENVIRONMENTAL
ESG STRATEGY
SOCIAL
GOVERNANCE
APPENDICES
INTRODUCTION
Tenant Engagement Our tenants play an essential role in our sustainability program, policy implementation, asset performance, and sustainability strategies across our portfolio. Tenants’ energy and water use, waste production, and related behaviors significantly impact overall building performance and achievement of our sustainability goals. From 2020 through 2021 the market has seen an increased focus on ESG, with intensive and detailed questions on strategy, initiatives, and goals. We proactively engage with our tenants to align our ESG goals and provide them with support to measure, report, and achieve their ESG targets. ESRT provides tenants with ESG data, actionable recommendations for reduction, ROI-based design and construction energy efficiency support, and an active landlord partnership in their sustainability journey. PROGRAM OVERVIEW At ESRT, our partnership with our tenants extends beyond traditional engagement. At each stage of the relationship, we engage with tenants to integrate priorities and customize initiatives which support their sustainability and ESG goals, while driving building performance. Our engagement with tenants begins with the integration of a suite of sustainability provisions in all our leases. Our lease requirements encourage collaboration to achieve efficiency, including performance-based criteria for energy, water, health, IEQ, responsible materials specifications, and waste diversion. We share energy, water, waste, and IEQ data with our tenants, and provide hands-on expertise for sustainability performance. GREEN LEASING Our leasing team communicates the unique sustainability features included in our state-of-the-art pre-built spaces to effectively integrate best practice, efficiency and IEQ measures with modern design elements. ESRT’s leases are structured to include green lease clauses, which support our repeated achievement of Green Lease Leader Gold recognition. Green leases include criteria for transparent tracking and reporting of energy, water, waste, and emissions data, broker training, submetering, and tenant fit-out requirements. DESIGN AND CONSTRUCTION For all tenants we complete reviews of architectural and mechanical drawings to ensure compliance with lease requirements and to align with High Performance Sustainable Healthy Design and Construction Guidelines. The guidelines include energy efficient strategies as well as IEQ strategies, which have resulted in 20-57% modeled energy savings, with a payback period of 1.8-4.6 years. Our continuous assessment and reevaluation of the combination of strategies we implement at each asset results in improved satisfaction and well-being for our tenants, a strong ROI for our investors, and purposeful, rewarding work for our employees.
Achieved Green Lease Leader Gold recognition in 2020 and 2021 (the highest level possible) for our dedication to sustainability for the whole building with a focus on performance of tenant space and execution of green leases across 100% of the portfolio
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