Empire State Realty Trust Publishes 2023 Sustainability Report with Major Achievements, Key Goals, and Transparent Metrics

NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) today published its annual Sustainability Report that highlights its continued proven leadership in environmental sustainability with exceptional achievements, targets, and progress against goals for emissions and energy reduction, water, waste, and indoor environmental quality as well as social and governance execution.

“ESRT leads the industry in energy efficiency, sustainability, and healthy buildings with its forward-looking, science-based goals, practices, and measurements to reduce emissions and energy usage across our commercial and multifamily portfolio,” said Tony Malkin, chairman and CEO at ESRT. “This Earth Week, we highlight the significant achievements throughout 2023 which continue to attract tenants and add value for our investors.”

ESRT’s major achievements across its 9.3 million square foot portfolio include:

• Maintained carbon neutrality across 100% of entire portfolio
• On track to reach Net Zero goal by 2030 at the Empire State Building and 2035 throughout the entire portfolio, in alignment with New York State’s Climate Leadership and Community Protection Act (CLCPA)
• Reduced emissions 57% at ESB and 47% across the portfolio since 2009
• Ranked first by GRESB for all Listed Companies in the Americas and first in the most competitive peer group with the highest possible score
• 2023 ENERGY STAR Partner of the Year Sustained Excellence
• 100% of portfolio WELL Health Safety Rated, WELL Equity Rated, enrolled in WELL at Scale, and received the WELL Health-Safety Leadership Award
• BOMA New York Grand Pinnacle Award and Earth Award Winner
• Fitwel Champion and 86% of entire NYC portfolio certified
• Emissions Reduction Target Validation aligned with 1.5°C scenario by the Science Base Target Initiative (SBTi)
• 2023 Platinum Green Lease Leader

Major corporate social responsibility goals, metrics, and achievements listed in the report include ESRT’s achievement as one of the first commercial and office portfolios to achieve the WELL Equity Rating through WELL at scale and recognition as a Certified™ Great Place to Work® in 2023 and 2024.

Read the full Sustainability Report here and find out more about ESRT’s sustainability work online.

About Empire State Realty Trust

Empire State Realty Trust, Inc. (NYSE: ESRT) is a NYC-focused REIT that owns and operates a portfolio of modernized, amenitized, and well-located office, retail, and multifamily assets. The company is the recognized leader in energy efficiency and indoor environmental quality. ESRT’s flagship Empire State Building – the “World’s Most Famous Building” – includes its Observatory, the #1 attraction in the U.S. in Tripadvisor’s 2023 Travelers’ Choice Awards: Best of the Best for two consecutive years. As of December 31, 2023, ESRT's portfolio is comprised of approximately 8.6 million rentable square feet of office space, 0.7 million rentable square feet of retail space and 727 residential units. More information about Empire State Realty Trust can be found at esrtreit.com and by following ESRT on Facebook, Instagram, TikTok, X, and LinkedIn.

Forward-Looking Statements

This press release includes "forward-looking statements" within the meaning of the federal securities laws. We intend these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and are including this statement for purposes of complying with those safe harbor provisions. You can identify these statements by use of words such as “aims," "anticipates," "approximately," "believes," "contemplates," "continues," "estimates," "expects," "forecasts," "hope," "intends," "may," "plans," "seeks," "should," "thinks," "will," "would" or the negative of these words and phrases 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 the Company's control and could materially affect actual results, performance or achievements. These factors include, without limitation, the risks and uncertainties detailed from time to time in the Company’s filings with the SEC and any failure of the conditions or events cited in this release. Except as may be required by law, the Company does not undertake a duty to update any forward-looking statement, whether as a result of new information, future events or otherwise.

The sustainability aspirations, targets and objectives discussed in this release reflect our current plans and aspirations and are not guarantees that we will be able to achieve them. In addition, these efforts are impacted by our tenants’ willingness and ability to collaborate in reporting sustainability metrics and meeting sustainability goals, the ability of the New York grid to meet the emissions reduction targets and timing set forth in New York State’s CLCPA, and replacement of equipment at the end of its useful life cycle.

Source: Empire State Realty Trust
Category: Sustainability