ESRT OVERVIEW
We advance Environmental, Social, and Governance (ESG) principles through our industry leadership, expertise, and commitment to community. We establish and execute our sustainability framework to reduce our buildings’ impacts and foster health and resiliency. We do this with a focus on accountability and financial performance and care for the well-being of ESRT’s people and the communities where we work and live. Daily, we take steps to reduce the environmental impact of our portfolio, more than 10 million rentable square feet of commercial and retail space in the Greater New York metropolitan area, and have made plans for 2022 for the 625 high-rise Manhattan apartments we added to our portfolio in December 2021. We make investments and adjust our practices to achieve quantifiable improvement in energy efficiency, carbon emissions reduction, water efficiency, waste diversion, healthy buildings, and the wellness of our tenants and employees. ESRT’s leadership in energy efficiency and emissions reduction is locally, nationally, and globally recognized. We innovate, model, and implement steps to address climate change, and through our work deliver returns for, and protect, our stakeholders. This is the work on which we have based our goal to achieve carbon neutrality by 2030 at the Empire State Building and by 2035 throughout our entire portfolio. We are a 2021 ENERGY STAR Partner of the Year, and 76% of our office and retail portfolio is certified by ENERGY STAR, the national industry standard for energy efficiency. We earned a Five Star Rating from the Global Real Estate Sustainability Benchmark (GRESB) along with the highest possible score of an A for ESG disclosure and reporting. ESRT’s commitment to disclose and report progress against goals and initiatives transparently is in alignment with leading governance frameworks including GRI, SASB, and TCFD. ESRT’s emissions reduction targets have been approved by SBTi as consistent with a 1.5 °C climate scenario, the most ambitious goal of the Paris Agreement. Our commitment to the advancement of verified scientific approaches to healthy buildings and IEQ, which supports tenant well-being, has earned us the distinction of Fitwel Champion. ESRT partnered with the International WELL Building Institute and the Mayo Clinic to achieve the WELL Health-Safety Rating across 100% of our portfolio and was one of the first commercial portfolios in the Americas to achieve and be recertified for this rating. Our processes and policies support the effective implementation of these standards to ensure accountability and efficiency across our organization and ESG objectives. We are an example of successful implementation of comprehensive, innovative, and impactful ESG policies, stakeholder engagement, and clear and actionable corporate governance. Our expertise and dedication in these areas position us to facilitate sustainable and healthy buildings within our portfolio and share best practices with our peers.
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