Climate Change Data

Environmental Metrics

ESG Focus Areas

• Energy Efficiency
• Tenant Experience
• Industry Leadership

Environmental Achievements

• Reduced energy consumption through LED lighting installation in 11 properties, saving $300,000 annually.
• Achieved 24 Energy Star Labels, including 15 buildings in Manhattan.
• Recycled more than 3.5M square feet of carpet and ceiling tile since 2007.
• 79% of all waste was recycled in 2013.

Social Achievements

• Installed electric vehicle charging stations at 17 suburban properties.
• Hosted "Re-Green NYC" event, planting 76 trees at Randall’s Island.
• Collected 12 pounds of used tenant batteries and lightbulbs during 2013 Earth Day celebrations.

Governance Achievements

• LEED certifications obtained for multiple properties (100 Park Avenue, 180 Maiden Lane).
• Active participation in industry organizations and speaking engagements to promote sustainability.

Climate Goals & Targets

Environmental Challenges

• Vulnerability to extreme weather events (Superstorm Sandy).

Mitigation Strategies

• Infrastructure improvements to enhance property resilience and sustainability.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Not disclosed

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI G3.1, Construction and Real Estate Sector Supplement (CRESS)

Certifications: LEED (multiple properties)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Newsweek’s sixth greenest real estate company in “America’s Greenest Companies 2014”
• BOMA: SOUTHERN CONNECTICUT: “BEST GREEN INITIATIVE: PORTFOLIO”
• WESTCHESTER COUNTY GREEN BUSINESS CHALLENGE: ENERGY EFFICIENCY
• NYC URBAN GREEN COUNCIL: EBIE AWARD WINNER WATER EFFICIENCY: 360 Hamilton Avenue
• NYC URBAN GREEN COUNCIL: EBIE AWARD FINALIST LIGHTING EFFICIENCY: 919 3rd Avenue

Environmental Metrics

ESG Focus Areas

• Energy Efficiency
• Tenant Experience
• Industry Leadership
• Waste Reduction
• Community Engagement
• Employee Wellness

Environmental Achievements

• Reduced kilowatt hours by 34,000 KWH through demand response program (2015)
• Invested $9 million in energy efficiency initiatives (2015-2016)
• Achieved 20 Energy Star labels representing 13% of all Manhattan labels (2015)
• Recycled 52,000 pounds of e-waste, 189,000 pounds of ceiling tile, and 250,000 pounds of carpet (2015)
• Achieved 64% and 87% waste diversion rates with tenants CookFox and Viacom respectively in the Mayor’s Zero Waste Challenge
• One Vanderbilt development will have one of the lowest carbon footprints in NYC for buildings of similar scale and density

Social Achievements

• Hosted six park cleanup events for employees and tenants (2015-2016)
• Donated over $15,000 worth of used sporting equipment to NYC public schools
• Raised $220,000 for the Madison Square Park Conservancy
• Offered various employee wellness programs including on-site massages, fitness challenges, nutrition consultations, and workshops

Governance Achievements

• Included in Morgan Stanley Capital International’s ESG index (2015-2016)
• Named one of the greenest businesses in the US by Newsweek for three consecutive years
• Ranked among the Top 10 Most Sustainable REITs in the US by HIP Investor (2016)
• Achieved EPA Partner of the Year Award for the second consecutive year (2015-2016)
• GRI G4 reporting guidelines adherence at the Core level

Climate Goals & Targets

Environmental Challenges

• Increase in overall energy consumption from 2014 to 2015 due to variations in energy use by each building and a change in the number of buildings owned and managed
• Achieving citywide waste and emission reduction goals requiring landlord-tenant partnerships

Mitigation Strategies

• Investment in energy efficiency projects to reduce energy consumption and lower maintenance costs
• Implementation of Energy Desk, a real-time energy management system
• Installation of occupancy sensors across the portfolio
• Participation in the Mayor’s Zero Waste Challenge and Mayor’s Carbon Challenge
• Landlord-tenant partnerships for sustainability initiatives

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Sustainability rating system for vendors based on compliance with SL Green’s sustainability goals

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI G4 (Core)

Certifications: LEED, WELL, ENERGY STAR

Third-party Assurance: CodeGreen Solutions (checked level)

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• ENERGY STAR Partner of the Year
• Newsweek’s list of greenest businesses
• Urban Green Council EBie Award
• IREM REME Award

Environmental Metrics

ESG Focus Areas

• Energy Consumption
• Water Consumption
• Waste Management
• Greenhouse Gas Emissions
• Occupational Health & Safety
• Diversity & Inclusion
• Community Engagement
• Corporate Governance

Environmental Achievements

• Reduced GHG emissions by 17,317.37 metric tons
• Reduced energy consumption by 74,276.95 MWh
• Achieved a 36.2% waste diversion rate
• Invested $220 million in public transit improvements in conjunction with One Vanderbilt construction

Social Achievements

• All eligible employees took parental leave in 2017
• 80% of female employees returned to work after parental leave, 60% remained employed 12 months later
• 100% of male employees remained employed 12 months after parental leave
• One Vanderbilt project is working to raise sustainability standards through the use of indigenous species

Governance Achievements

• Board of Directors composed of 9 members, 6 of which are independent, 33% of independent members are women
• 0 confirmed incidents of corruption
• 0 confirmed incidents of anti-competitive behavior
• 0 reported incidents of discrimination

Climate Goals & Targets

Environmental Challenges

• Changes in NYC commercial waste regulation impacting waste data accuracy
• No oversight on tenant energy consumption practices beyond design and construction requirements

Mitigation Strategies

• Working with waste and recycling vendors and consultants to improve waste data accuracy
• Waste audits performed across Manhattan reported properties in 2017 and 2018
• Tenant energy consumption data gathered from submeter vendors

Supply Chain Management

Responsible Procurement

• Encourages local product and service purchases
• Sustainable Purchasing Policy aligned with SMACNA guidelines (at least 50% spending on products meeting sustainability guidelines)

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards: Core option, CDP guidelines

Environmental Metrics

ESG Focus Areas

• Employees
• Environment
• Social
• Governance

Environmental Achievements

• Achieved a “5 Star” rating from GRESB (Global Real Estate Sustainability Benchmark), their highest accolade.
• Received ENERGY STAR Partner of the Year – Sustained Excellence award for the third consecutive year.
• 91% of Manhattan operating properties hold green building designations.
• One Vanderbilt building features a 90,000-gallon rainwater collection and treatment system, reducing cooling tower water demand by 1 million gallons per year.
• One Vanderbilt has one of the lowest carbon footprints among buildings of similar size and density in NYC.

Social Achievements

• Launched Food1st, a 501(c)(3) non-profit, providing nearly 500,000 meals to over 100 locations and reactivating 20 restaurant kitchens.
• Contributed $1 million as seed funding for Food1st Foundation.
• Introduced a suite of benefits to support work-life balance for employees.
• Created a tutoring program to support employees with children during COVID-19.
• Donated over $3 million to more than 65 organizations.

Governance Achievements

• Achieved an “A-” rating from CDP (formerly Carbon Disclosure Project), the highest scoring U.S. Office REIT on the S&P 500.
• Received a “Prime” rating on ISS ESG Corporate Rating.
• Implemented significant changes to annual and long-term incentive design to strengthen the link between executive pay and company performance.
• Declassified the Board, with all directors elected for one-year terms.
• Granted proxy access to long-term stockholders to nominate director candidates.

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impacting businesses and creating economic uncertainty.
• Supply chain disruptions.
• Maintaining a safe and healthy workplace during the pandemic.

Mitigation Strategies

• Implemented SLG Forward, a comprehensive plan to promote safety, cleanliness, and wellness.
• Introduced enhanced cleaning and sanitation protocols, emergency preparedness programs, and air and water quality management measures.
• Established a COVID-19 Steering Committee and hotline to address employee concerns.
• Provided financial support and additional benefits to employees.
• Introduced third-party supplier assessments to validate vendors and contractors.

Supply Chain Management

Supplier Audits: Annual assessments of Tier 1 Critical Suppliers (top 60% of annual spend).

Responsible Procurement

• Vendor Code of Conduct outlining expectations regarding ethics, environmental standards, health and safety, and human rights.
• Contracts requiring vendors to meet and exceed regulatory compliance.

Climate-Related Risks & Opportunities

Physical Risks

• Hurricanes and flooding

Transition Risks

• Climate-related regulations (NYC Climate Mobilization Act, NYS Climate Leadership and Community Protection Act)

Opportunities

• Meeting market demands for sustainable and resilient office spaces; engaging tenants on energy management and emissions reduction.

Reporting Standards

Frameworks Used: GRI, CDP, SASB, TCFD, UN SDGs

Third-party Assurance: Third-party verification (Sustainable Investment Group)

Sustainable Products & Innovation

• Rainwater collection and treatment system at One Vanderbilt.

Awards & Recognition

• NYC Office of Service Changemaker Award
• ENERGY STAR Partner of the Year – Sustained Excellence
• GRESB 5-Star rating
• IMT Gold level Green Lease Leader Award
• 2020 Women on Boards Winning ‘W’ Company

Environmental Metrics

ESG Focus Areas

• Environmental Sustainability
• Employees & Workplace Culture
• Community Engagement
• Governance

Environmental Achievements

• Reduced landlord-controlled emissions by 51% compared with a 2019 baseline.
• Achieved SBTi validation for emissions reduction targets: 50.4% reduction in absolute Scope 1 and Scope 2 emissions and 30% reduction in Scope 3 (Capital Goods) emissions by 2031 from a 2019 base year.
• Expected to be fully compliant with Local Law 97 in the first compliance period (2024-2029).

Social Achievements

• Achieved Great Place to Work® certification for a second consecutive year.
• 62% of open corporate management positions were filled by internal promotions in 2022.
• Hosted 23 minority youth interns through the Summer Youth Employment Program (SYEP).

Governance Achievements

• Board of Directors oversees ESG program with executive-level participation.
• Abides by comprehensive Corporate Sustainability Policies.
• Environmental performance data is externally assured with third-party verification.

Climate Goals & Targets

Environmental Challenges

• Increased portfolio-wide energy use due to increased physical occupancy.
• Stringent compliance requirements of Local Law 97 starting in 2030.
• Significant increase in absolute GHG emissions in 2022 due to a 22% increase in the electrical grid emissions factor.

Mitigation Strategies

• Commissioned Building-Specific LL97 Preparedness Reports.
• Identified Energy Conservation Measures (ECMs).
• Reprioritized 5- and 10-year Capital Plans.
• Evaluating Incentive Opportunities.
• Facilitating Tenant Energy Incentives.
• Educating Stakeholders on Compliance Requirements.
• Participating in Industry Committees to Provide Feedback on Proposed Rule-making.
• Analyzing Building Composition to Identify Energy-Intensive Spaces.

Supply Chain Management

Supplier Audits: Mandatory, annual assessments of Tier 1 Critical Suppliers by EcoVadis.

Responsible Procurement

• EcoVadis platform to evaluate ESG performance and communicate expectations to suppliers.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme Heat
• Sea Level Rise
• Hurricanes
• Inland Flooding
• Water Stress
• Wildfire

Transition Risks

• Mandatory Carbon Pricing
• Enhanced Climate-Related Reporting Obligations
• Decreased Availability of Rebates and Incentives
• Cost to Transition to Low Emission Technologies
• Limited Control Over Tenant Technologies
• Grid Resiliency
• Availability of Cyber Liability Insurance
• Shift in Consumer Preferences
• Market Exposure to Climate Risk
• Uncertain Expectations from Stakeholders

Opportunities

• Business Synergy and Accountability
• Lower Operating Costs
• Increased Availability of Tenant Rebates and Incentives
• Operational Excellence
• Effective New Technology
• Tenant Engagement Opportunities
• Increased Green Building Certification
• Reduced Insurance Risk

Reporting Standards

Frameworks Used: GRI, TCFD, SASB, CDP

Certifications: LEED, WELL, Fitwel®, ENERGY STAR

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• ENERGY STAR Partner of the Year (2015–2023)
• GRESB 5-Star Rating (2020–2023)
• Newsweek America’s Most Responsible Companies (2023)
• Mayor’s Fund to Advance New York City Employer of the Year (2022)
• Great Place to Work® Certified (2019, 2022, 2023)