Empire State Realty Trust’s Portfolio Reaches Carbon Neutrality - Diversified Communications

Commercial, Energy Efficiency, GHG Emissions  -  May 2, 2023

Empire State Realty Trust’s Portfolio Reaches Carbon Neutrality

Empire State Realty Trust, Inc. (ESRT), which has a 9.6 million square-foot portfolio, announced it achieved carbon neutrality across its entire commercial portfolio as of January 2022 through building energy performance and offsets from validated renewable energy credits and biodiverse forest preservation investments.

In its annual sustainability report, the company restated its goals for net zero emissions at the Empire State Building by 2030 and across its portfolio by 2035. It also announced the achievement of validation by the Science Based Targets initiative that its analyses and plans target emissions reduction pathways to limit the global temperature rise to 1.5 C.

ESRT — a real estate investment trust that owns and manages office, retail and multifamily assets — received the Green Lease Leader Platinum 2022 for the second time, was named ENERGY STAR Partner of the Year 2022 and achieved ENERGY STAR certification for 92% of its NYC portfolio.

“Our Sustainability Report sets forth ESRT’s industry leadership and forward-looking approach to emissions reduction, energy usage, and DEI measures,” said Tony Malkin, chairman, president, and CEO at ESRT, in a statement.

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