EMPIRE STATE REALTY TRUST: 2021 SUSTAINABILITY REPORT
We seek to align this report with TCFD, SASB, and GRI standards, which we believe are the highest standards of sustainability transparency. We will utilize these frameworks and standards to continue to show our peers what sustainability accomplishments are possible to achieve, and accurately report progress to investors. In an effort to align with and respond to industry frameworks, ESRT continually evaluates our scoring to identify potential opportunities to advance our program and exceed industry standards. The below table documents our 2020 and 2021 scores in some of the leading industry ESG frameworks.
FRAMEWORK
GRI
GRESB
MSCI
ISS ESG
SASB
SUSTAINALYTICS
Scoring
Y/N
0-100 & 1-5 Stars
AAA- CCC
0-10, lower is better
Y/N
Negligible - Severe
2020
Y
88, 5 Stars
BBB
E:3, S:4, G:7
Y
Low Risk
2021
Y
94, 5 Stars
BBB
E:2, S:2, G:7
Y
Low Risk
GOAL SETTING We committed to the Science Based Targets Initiative (SBTi) for the first time in 2021. We submitted corporate GHG reduction goals in line with the 1.5 degree Celsius reduction scenario to the SBTi for evaluation and approval. We are extremely proud of this commitment and hope to be an example to our peers in both the transparency and ambition of our goals. STRATEGY DEVELOPMENT To ensure our reporting is comprehensive, we completed a Materiality Assessment in 2021. This assessment collects feedback from our stakeholders on the ESG issues they identify as a significant potential impact and associated level of importance to the business. This process ensures we are aware of and report on these identified issues to our stakeholders and in our public annual reporting. We view this process as critical to ensure we are honest and held accountable in our program and reporting. We intend to complete this process every 3 years.
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