NEW YORK, April 14, 2021 /PRNewswire/ -- Empire
State Realty Trust, Inc. (NYSE: ESRT) today
shared its 2020 Sustainability Report that details the
current state of its ESG, Healthy Buildings, and Indoor
Environmental Quality accomplishments and recognition. The
report sets forth ESRT's quantified goals and commitments to lead
the industry towards a net zero future; and transparent metrics and
disclosure around diversity with measurable goals for continued
improvement which include:
- Net-zero carbon emissions across its entire real estate
portfolio by 2035
- Net-zero carbon emissions for the Empire State Building by
2030
- 20 percent reduction of energy use intensity by 2024, in
alignment with the U.S. Department of Energy Better Buildings
Challenge
- Five percent annual reduction in waste generation
- Two percent annual reduction in water usage
"Over the past decade, we have made groundbreaking achievements
at ESRT across our entire portfolio. Everyone is aware of our
groundbreaking work at the Empire State Building that reduced the
building's energy use by 40 percent and showed the industry what is
possible to achieve in existing buildings," said Anthony E. Malkin, chairman, president and CEO.
"Now is the first time we have issued a sustainability report that
covers the breadth and depth of our work and our new targets."
"Our inaugural Sustainability Report represents our first effort
to tell our full story and the steps we have taken, and will take,
to achieve a carbon neutral future," said Dana Robbins Schneider, ESRT's senior vice
president, director of energy, sustainability & ESG. "Our
expertise and leadership across all of our buildings gives brokers,
tenants, investors, and lenders the chance to see our path towards
a net-zero future."
Empire State Realty Trust is already not just a leader in
reduction of carbon and waste and a creator of healthy buildings
with leadership in Indoor Environmental Quality, it is also the
nation's largest 100% user of green power in real estate, with its
entire portfolio powered by renewable wind electricity. The report
discloses our current certifications and awards which include:
- First commercial real estate portfolio in the Americas to
achieve the WELL Health-Safety Rating for
health and safety
- Fitwel Champion for healthy, high-performance buildings,
with 83% of the NYC portfolio certified
- Highest possible GRESB 5 Star Rating and Green Star
recognition for sustainability performance in real estate
- 2020 Green Lease Gold Leader
- 76% of portfolio ENERGY STAR certified
ESRT's 2020 Sustainability Report also transparently discloses
key diversity metrics at all levels, with a commitment to measure,
report, take action and continuously improve DE&I engagement
and performance.
"Full transparency with the larger industry on our key metrics,
learned best practices and successful implementation of
sustainability strategies is vital to maintain our position as a
responsible leader in the ESG space," said Mr. Malkin. "As we chart
course towards our own company's net zero future, we simultaneously
collaborate with government, policymakers and even competitors in
real estate because so much of our ultimate success relies on
collective action."
For more information about ESRT and its sustainability efforts,
visit
https://www.empirestaterealtytrust.com/about-us/sustainability/.
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About Empire State Realty Trust
Empire State Realty Trust, Inc. (NYSE: ESRT) owns, manages,
operates, acquires and repositions office and retail properties in
Manhattan and the greater
New York metropolitan area,
including the Empire State Building, the "World's Most Famous
Building." The company's office and retail
portfolio covers 10.1 million rentable square feet, as
of Dec. 31, 2020, which consists of 9.4 million rentable
square feet across 14 office properties, including nine in
Manhattan, three in Fairfield County, Connecticut, and two in
Westchester County, New York; as
well as approximately 700,000 rentable square feet in the retail
portfolio.
Empire State Realty Trust is a leader in energy efficiency in
the built environment and sustainability space, with 76 percent of
the eligible portfolio ENERGY STAR certified and 100
percent fully powered by renewable wind electricity. As the first
commercial real estate portfolio in the Americas to achieve the
evidence-based, third-party verified WELL Health-Safety
Rating for health and safety, ESRT additionally earned the
highest possible GRESB 5 Star Rating and Green Star
recognition for sustainability performance in real estate and was
named a Fitwel Champion for healthy, high-performance
buildings. To learn more about Empire State Realty Trust,
visit empirestaterealtytrust.com and follow ESRT
on Facebook, Instagram, Twitter and LinkedIn.
Forward-Looking Statements
This press release
includes "forward looking statements" within the meaning of the
federal securities laws. Forward-looking statements may be
identified by the use of words such as "believes," "expects,"
"may," "will," "should," "seeks," "approximately," "intends,"
"plans," "estimates," "contemplates," "aims," "continues," "would"
or "anticipates" or the negative of these words and phrases or
similar words or phrases. The following factors, among others,
could cause actual results and future events to differ materially
from those set forth or contemplated in the forward-looking
statements: (i) the accuracy of our methodologies and estimates
regarding ESG metrics, goals and targets, (ii) tenant willingness
and ability to collaborate towards reporting ESG metrics and
meeting ESG goals and targets, and (iii) the impact of governmental
regulation on our ESG efforts. For a further discussion of these
and other factors that could impact the Company's future results,
performance or transactions, see the section entitled "Risk
Factors" in the Company's Annual Report on Form 10-K for the year
ended December 31, 2020 and other
risks described in documents subsequently filed by the Company from
time to time with the Securities and Exchange Commission.
While forward-looking statements reflect the Company's good
faith beliefs, they are not guarantees of future performance. The
Company disclaims any obligation to update or revise publicly any
forward-looking statement to reflect changes in underlying
assumptions or factors, new information, data or methods, future
events, or other changes after the date of this press release,
except as required by applicable law. Prospective investors should
not place undue reliance on any forward-looking statements, which
are based only on information currently available to the Company
(or to third parties making the forward-looking statements).
CATEGORY: ESG
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