GOVERNANCE AND TRANSPARENT REPORTING
INTRODUCTION
ENVIRONMENTAL
CORPORATE CITIZENSHIP
APPENDICES
Risk and Crisis Management
Board and Management Oversight
Stakeholder Engagement
Transparent Disclosure
Resilience
Green Finance
Business Ethics
Human and Labor Rights
Occupational Health and Safety
Risk and Crisis Management
Effective risk oversight is a key part of ESRT’s business and decision-making process. We maintain a proactive management program that enables the company to monitor, assess, and respond to identified potential sustainability risks.
Audit Committee Oversees company’s Enterprise
Nominating and Corporate Governance Committee Oversees reputational and corporate governance risks, including potential conflicts of interest, director independence, board refreshment, and receives quarterly sustainability updates on opportunities and progress.
Risk Management (ERM) program, which includes sustainability risks.
ESRT’s senior management team oversees the day-to-day management of enterprise risk, which includes our ERM program. This program identifies, monitors, and mitigates risks through strategic actions. Under the ERM program and the oversight responsibilities outlined in committee charters, management provides regular updates to the board and relevant committees to ensure alignment and accountability. To supplement management’s efforts on the enterprise risk assessment process, the board has engaged an independent consultant to perform an enterprise risk assessment. The assessment rotates through different areas of our operations and is reported quarterly to the Audit Committee. With input from management, the consultant provides a heat map to prioritize risks based on urgency and potential impact. The board also engages additional consultants as needed to investigate and prepare for emerging risks.
60 EMPIRE STATE REALTY TRUST 2025 CORPORATE SUSTAINABILITY REPORT
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