CORPORATE CITIZENSHIP
INTRODUCTION
ENVIRONMENTAL
GOVERNANCE AND TRANSPARENT REPORTING
APPENDICES
Colleagues
Corporate Citizenship
Areas of Focus
Benefits
Succession Planning and Professional Development
Tenants
Community Engagement
Communication We believe that open and honest communication is essential for sustained high performance. Our monthly internal newsletter, HR Muscle, highlights recent business successes and celebrates team achievements, individual performance, and colleague milestones. It also shares learning and development opportunities, upcoming events, and benefit offerings. To engage with colleagues directly, our senior management team hosts quarterly town hall meetings to discuss earnings results and other key business topics. Twice a year, our Chairman and CEO and President lead Q&A sessions with each department to foster transparency and connection across the organization. Initiatives Implemented from Colleague Feedback As we annually review and update the policies in our Employee Handbook, we take into account colleague feedback from the surveys and communication forums administered throughout the year. We convene an interdepartmental employee Handbook Committee to provide additional insight and feedback on our Employee Handbook. Some examples of enhancements in recent years as a result of this collaborative process include:
• Increased our 401(k) match from $1,250 per year to 100% of contributions up to 5% of a colleague’s salary (to the extent permitted by applicable law) • Added employer funding of our Health Savings Account (HSA) program ($1,000 for individuals, $2,000 for family coverage) • Enhanced our Parental Leave Policy with the addition of an extended paid bonding leave
• Increased paid time off and provided paid volunteer time off • Codified our flexible hours and remote work policies • Increased learning and development opportunities related to feedback, performance management, and collaboration • Created additional wellness rooms for our nursing parents • Created anonymous, digital suggestion boxes for corporate and union employees
Interdepartmental Collaboration One of our guiding principles is that we are a team, and when we win, we all win. To achieve this concept, we foster interdepartmental collaboration through the work we do, in training provided to our senior leaders, in colleague committees, volunteer opportunities, and social events to promote camaraderie and a team mindset. Non-Discrimination As outlined in our Employee Handbook, we comply with the law to provide the right to work in an environment that prohibits discriminatory practices. We do not tolerate unlawful discrimination, which includes any form of sexual or other harassment or retaliation, whether in the workplace or in work-related settings. This commitment applies to all individuals and reflects our dedication to a respectful, inclusive, and equitable work environment.
46 EMPIRE STATE REALTY TRUST 2025 CORPORATE SUSTAINABILITY REPORT
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