Empire State Realty Trust Selected for 2023 Bloomberg Gender-Equality Index for Second Consecutive Year

NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that it was included in the 2023 Bloomberg Gender-Equality Index (GEI) – a modified market capitalization-weighted index developed to gauge the performance of public companies committed to transparency in gender data reporting – for the second consecutive year with an overall score of 76. ESRT’s overall score improved by 14 points from the previous year’s submission, is seven points higher than the average score in the real estate sector, and three points higher than the average score across all 11 sectors.

“The Bloomberg Gender-Equality Index is a valuable proof point for our investors and our equitable and inclusive corporate culture at ESRT, and it is great to see that in our second consecutive year with a meaningful score increase,” said ESRT’s Chairman, President, and CEO Anthony E. Malkin.

ESRT is committed to diversity and gender equality in the workplace with progress in female leadership, programs for employee training and education, enhanced benefits programs, inclusive culture, and external branding. In 2021, ESRT extended parental leave time for primary and secondary caregivers, provided adoption assistance and fertility services, held training for all employees on unconscious bias in the workplace, and evaluated advertising and marketing content for gender biases.

The reference index measures gender equity and equality across five pillars: leadership and talent pipeline, equal pay and gender pay parity, inclusive culture, anti-sexual harassment policies, and external brand. Companies included in the 2023 index scored at or above a global threshold established by Bloomberg to reflect disclosure and the achievement or adoption of best-in-class statistics and policies.

ESRT continues to transparently share its environmental, social, and governance targets, practices, and progress in the annual Sustainability Report. More information about ESRT’s ESG initiatives can be found on its website.

More information about the Bloomberg GEI can be found online.

About Empire State Realty Trust

Empire State Realty Trust, Inc. (NYSE: ESRT) is a REIT that owns and manages office, retail and multifamily assets in Manhattan and the greater New York metropolitan area. ESRT owns the Empire State Building, the World's Most Famous Building, and Tripadvisor's 2022 Travelers' Choice Best of the Best Awards #1 attraction in the U.S. and #3 attraction in the world, the newly reimagined and iconic Empire State Building Observatory. The company is a leader in healthy buildings, energy efficiency, and indoor environmental quality and has the lowest greenhouse gas emissions per square foot of any publicly traded REIT portfolio in New York City. As of September 30, 2022, ESRT's portfolio is comprised of approximately 9.2 million rentable square feet of office space, 700,000 rentable square feet of retail space and 625 residential units across two multifamily properties. More information about Empire State Realty Trust can be found at esrtreit.com and by following ESRT on Facebook, Instagram, Twitter and LinkedIn.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Federal securities laws. You can identify these statements by our use of words such as “assumes,” “believes,” “estimates,” “expects,” “intends,” “plans,” “projects” or the negative of these words or similar words or expressions that do not relate to historical matters. You should exercise caution in interpreting and relying on forward-looking statements, because they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond ESRT’s control and could materially affect actual results, performance or achievements. Such factors and risks include, without limitation, (i) the current public health crisis and economic disruption from the COVID-19 pandemic, (ii) a failure of conditions or performance regarding any event or transaction described above, (iii) environmental uncertainties and risks related to climate change, adverse weather conditions, rising sea levels and natural disasters; and (iv) accuracy of our methodologies and estimates regarding ESG metrics and goals, (v) tenant willingness and ability to collaborate in reporting ESG metrics and meeting ESG goals, (vi) impact of governmental regulation on our ESG efforts, (viii) and other risks and uncertainties described from time to time in ESRT’s and ESROP’s filings with the SEC, including those set forth in each of ESRT’s and ESROP’s Annual Report on Form 10-K for the year ended December 31, 2021 under the heading “Risk Factors.” Except as may be required by law, ESRT and ESROP do not undertake a duty to update any forward-looking statement, whether as a result of new information, future events or otherwise.

Source: Empire State Realty Trust, Inc.
Category: ESG