Environmental and Social Governance

Environmental, Social, Governance

Overview

As industry leaders for more than a decade, we share our processes and our work freely with experts, our industry, and the government. We are excited to share our inaugural Sustainability Report to highlight our work and plans to continue to set the standard for sustainability in real estate.

READ 2020 SUSTAINABILITY REPORT READ 2021 SUSTAINABILITY REPORT

ENVIRONMENTAL, SOCIAL, GOVERNANCE STRATEGY

ENVIRONMENTAL SUSTAINABILITY

Our industry-leading sustainability strategy and implementation of best practices, modern technologies, and results-driven initiatives have positioned us to set the standard for real estate companies across the world.
Learn More

SOCIAL RESPONSIBILITY

We are committed to a diverse, equitable workplace that actively promotes employee development and drives social impact, good corporate governance, and transparent reporting.
Learn More

CORPORATE GOVERNANCE

Our goal is to optimize our governance practices to ensure they exceed the standard for our industry and maintain transparent communications to our shareholders.
Learn More
ieq logo

IEQ: Prioritizing Employee Health


Indoor Environmental Quality (IEQ) improves employee health and productivity. We’ve created a program of industry-leading healthy suites to provide tenants with the opportunity to maximize their IEQ, employee recruitment and retention, and their bottom line.

Find IEQ Suites

AWARDS & ACHIEVEMENTS

14

Properties in Portfolio

10.1

Million Sq. Ft

#1

Most Efficient REIT in NYC

100%

Renewable Energy Portfolio Wide

100% of Portfolio WELL Health-Safety Rated

Empire Building Playbook for Deep Energy Retrofits


Co-developed with NYSERDA and supported by other NYC-based landlords and the Clinton Global Initiative, the innovative guide outlines the step-by-step process for existing commercial buildings to develop a pathway to carbon reduction with proven returns on investment. The work shows how to codify test, refine, and verify the in-building projects.

The industry leading deep-energy retrofit at the Empire State Building served as a blueprint for the Empire Building Playbook, and demonstrated what is possible within the built environment to reduce carbon emissions. Since this groundbreaking retrofit, the Empire State Building has reduced greenhouse gas emissions by 54 percent and counting.

ESRT partnered with the Clinton Foundation and the Clinton Global Initiative to drive leadership in action toward climate resilience and a carbon neutral future. The Playbook process sets forth a series of steps that can be achieved with a projected timeline of three to six months:

  • Assembly of a team
  • Delegation of responsibilities
  • Technical analysis
  • Development of energy and financial models
  • Economic analysis

Designed for all levels of technical understanding, the full Empire Building Playbook is available online at the link below.

Learn More

CARBON NEUTRALITY COMMITMENT


In April 2021, we joined NYSERDA’s Empire Building Challenge and announced our goal to achieve net-zero carbon emissions across our 10.1 million square foot portfolio by 2035.

LEARN MORE

THOUGHT LEADERSHIP, INDUSTRY COOPERATION, POLICY ENGAGEMENT


Leadership is a part of Empire State Realty Trust’s mission. We actively engage and hold leadership positions which share information and shape and inform industry standards and government policy.

LEARN MORE

ESRT’S SUSTAINABILITY EMPIRE

THE EMPIRE STATE BUILDING, NEW YORK’S SUSTAINABILITY ICON

The Empire State Building, the World’s Most Famous Building, is the international icon of the New York City Skyline. An urban campus within a single building, it is modernized and amenitized for the 21st century.

The Empire State Building is also the leading international model for energy efficiency retrofits in the existing built environment. We have already reduced GHG emissions by 40% over the past decade.

To achieve the deep energy retrofit we focused attention on the building’s envelope, mechanical systems, and lighting.


REFLECTIVE BARRIERS

Barriers added behind each steam radiator to allow heat to better make its way into the building



WINDOW INSTALLATION

Comprehensive reconstuction performed and installed to improve the building’s 6,514 windows’ resistance to heat and cold transfer



ENERGY EFFICIENCY

State-of-the-art lighting, insulation and elevator technology installed to improve energy efficiency inside the building.



Certified Since 2010
LEED EB O&M v4 Gold

$4.4 million in annual energy savings


40% anticipated reduction in emissions in the next decade


500 MAMARONECK AVENUE

Set to be completed in 2023, the new community solar project at 500 Mamaroneck Avenue will serve as a new sustainability initiative which attract and retain employees who value environmental leadership and action.

Local residents will share in the solar project’s benefits, which include electricity cost savings. The project will feature a new parking canopy solar array that will provide year-round elemental shelter for roughly 500 vehicles, an 8.2-MWh battery storage system, and approximately 80 electrical vehicle (EV) charging stations for tenant convenience.

The project is among the first installations in the state to incorporate the innovative mix of community solar, storage, and EV charging.

ESRT’s diverse portfolio benefits from both the Empire State Building and suburban buildings like 500 Mamaroneck Avenue, as this project is set to produce more than double the building’s annual energy usage. This undertaking is yet another way that ESRT innovates to achieve its sustainability goals, which include a target of net-zero carbon emissions for its entire portfolio by 2035.


SOLAR POWER

The solar array is expected to charge 50% of the building’s annual energy, which is equivalent to 3.1 million miles driven by an average car

ENERGY EFFICIENCY

Will produce enough power to fuel 2.5x the building’s annual energy usage

MAKING HISTORY

Among the first installations in the state to incorporate the innovative mix of community solar, storage, and EV charging


~80 new charging stations


Solar panel overhang totaling 6,500 panels that will protect 500 vehicles from the elements


Workspace in a healthy building that is leading the way for carbon neutral future