Climate Change Data

Environmental Metrics

ESG Focus Areas

• Energy Efficiency
• Greenhouse Gas Emissions
• Water Conservation
• Waste Reduction
• Indoor Environmental Quality (IEQ)
• Diversity, Equity, and Inclusion (DE&I)
• Corporate Governance
• Community Engagement

Environmental Achievements

• Reduced energy consumption by 13% compared to 2019
• Reduced greenhouse gas emissions by 19% compared to 2019
• Reduced water consumption by 45% compared to 2019
• Achieved a 35% waste diversion rate in 2020
• 100% of portfolio electricity powered by renewable energy
• First commercial real estate portfolio in the Americas to achieve the WELL Health-Safety Rating across 100% of its portfolio

Social Achievements

• 96% of employees are proud to work at ESRT
• 84% overall employee engagement score
• Implemented systems to track candidates to ensure at least 25% represent diverse persons for open roles
• Donated to 48 charitable organizations in 2019 and 36 in 2020

Governance Achievements

• Revised committee titles to emphasize human capital management oversight
• GRESB Resilience Module score of 88 out of 100, exceeding the global average
• Developed Climate Change Adaptation and Resilience policy and checklist

Climate Goals & Targets

Environmental Challenges

• Pandemic precautions impacted waste diversion measures
• Potential climate-related physical risks (e.g., flooding, extreme temperatures)
• Geographic concentration risk
• Social risks (e.g., physical security, terrorism)
• Policy risks (e.g., energy and climate legislation)
• Technology risks (e.g., capital investments in low-carbon technology)
• Market risks (e.g., abrupt changes in energy costs)

Mitigation Strategies

• Developed Climate Change Adaptation and Resilience policy and checklist
• Implemented security measures (e.g., security director, crisis management plans)
• Annual indoor air quality testing
• Deployment of active bipolar ionization air purification technology
• Evaluation of energy and climate legislation
• Evaluation of innovative technologies
• Long-term contracts for utility pricing

Supply Chain Management

Responsible Procurement

• Vendor Code of Conduct promoting sustainability, diversity, and ethical conduct
• Procurement of sustainable goods (e.g., green cleaning materials)

Climate-Related Risks & Opportunities

Physical Risks

• Acute weather events (flooding, hurricanes, extreme temperatures)
• Geographic concentration risk

Transition Risks

• Energy and climate legislation
• Abrupt changes in energy costs

Reporting Standards

Frameworks Used: GRI, TCFD, SASB

Certifications: ENERGY STAR, LEED EB O&M v4 Gold, Fitwel, WELL Health-Safety Rating

Third-party Assurance: CodeGreen Solutions (Limited Assurance)

Awards & Recognition

• Green Lease Leader Gold
• Ranked 5th in Peer Group, Top 20% of all GRESB Respondents

Environmental Metrics

ESG Focus Areas

• Energy & Greenhouse Gas Management
• Water Management
• Sustainable Waste Management
• Indoor Environmental Quality
• Sustainable Procurement
• Climate Change Adaptation & Resilience

Environmental Achievements

• ESRT purchases 100% of its electrical power supply generated by renewable energy sources; as of 2022, ESRT’s commercial portfolio is 100% carbon neutral.

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Buildings account for approximately two-thirds of New York City’s total GHG emissions.
• Water is a valuable natural resource. Reducing water consumption in buildings reduces energy consumption, drives operational cost savings, and reduces risks from potential fluctuations in water supply.
• According to the U.S. Environmental Protection Agency (EPA), the average person produces around 4.5 pounds of landfill waste per day. When waste is not disposed of properly, waste can be sent to landfills, which results in increased greenhouse gas emissions, and contaminates natural resources.
• Climate change poses a risk to the real estate sector, as buildings and their construction and operation together account for up to 36% of global annual greenhouse gas (GHG) emissions.

Mitigation Strategies

• Implementing energy efficiency measures to reduce energy and carbon footprints.
• Installing ultra-low flow plumbing fixtures and utilizing efficient cleaning and landscaping practices.
• Recycling and composting at properties and recycling tenant waste and construction debris throughout the portfolio.
• Incorporating climate change risk assessments into the Acquisition Due Diligence process; developing and implementing operational plans for mitigating and responding to climate risks.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• flooding
• heatwaves
• hurricanes
• winter storms

Transition Risks

• regulatory risks

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: ENERGY STAR

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed